IBTA: the cashflow

MyFinsight

For the quarter ending 2025-09-30.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net income (loss)	4,578	3,045
Depreciation and amortization	5,853	4,610
Impairment of capitalized software development costs	256	241
Stock-based compensation expense	33,462	23,049
Common stock warrant expense	6,554	4,345
Credit loss expense	1,916	1,454
Loss on extinguishment of debt	0	0
Amortization of debt discount and issuance costs	114	75
Change in fair value of convertible notes derivative liability	0	0
Other	14	10
Accounts receivable	-6,145	-10,463
Other current and long-term assets	1,723	23,467
Accounts payable	1,468	1,126
Due to third-party publishers	-4,719	-731
Accrued expenses	-3,034	-1,535
Deferred revenue	-274	184
User redemption liability	-4,451	-3,084
Other current and long-term liabilities	11,872	24,468
Net cash provided by operating activities	67,469	45,715
Additions to property and equipment	12,768	5,520
Additions to capitalized software development costs	10,360	6,448
Net cash used in investing activities	-23,128	-11,968
Proceeds from exercise of stock options	8,312	7,357
Debt issuance costs	2	2
Proceeds from initial public offering, net	0	0
Deferred offering costs	0	0
Purchase of treasury stock	178,180	140,176
Taxes paid related to net share settlement of equity awards	2,843	2,045
Proceeds from employee stock purchase plan	2,036	2,036
Other financing activities	0	0
Net cash (used in) provided by financing activities	-170,677	-132,830
Net change in cash, cash equivalents, and restricted cash	-126,336	-99,083
Cash and cash equivalents at beginning of period	349,690	-
Cash and cash equivalents at end of period	223,354	-

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

IBTA: the cashflow