AppLovin Corporation (APP) balance sheet
NASDAQ · Technology · Software - Application · 887 employees · CEO Adam Arash Foroughi
- Price
- $228.50 -10.36%
- Market cap
- $76.8B
- Enterprise value
- $77.2B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-04 EPS est. $4.04
At the end of Q2 '26 AppLovin Corporation (APP) held $3.05B in cash and short-term investments against $3.52B of debt incl. leases. Total assets $8.27B, total liabilities $5.11B, shareholders' equity $3.16B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $332M | $502M | $436M | $460M | $568M | $741M | $551M | $1.19B | $1.67B | $2.49B | $2.76B | $3.05B | |
| Receivables | $849M | $954M | $1.04B | $1.07B | $1.19B | $1.41B | $1.58B | $1.58B | $1.6B | $1.82B | $1.96B | $2.17B | |
| Other current assets | $119M | $160M | $136M | $125M | $120M | $157M | $238M | $218M | $217M | $124M | $131M | $168M | |
| Current assets | $1.3B | $1.62B | $1.61B | $1.66B | $1.88B | $2.31B | $2.37B | $2.99B | $3.49B | $4.43B | $4.85B | $5.39B | |
| Property, plant & equipment (net) | $155M | $222M | $173M | $169M | $177M | $199M | $162M | $130M | $131M | $148M | $115M | $112M | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $288M | $289M | $290M | |
| Goodwill | $1.81B | $1.84B | $1.83B | $1.82B | $1.85B | $1.8B | $1.64B | $1.54B | $1.54B | $1.54B | $1.52B | $1.52B | |
| Intangible assets | $1.39B | $1.29B | $1.2B | $1.1B | $1.02B | $897M | $855M | $448M | $422M | $397M | $369M | $356M | |
| Other non-current assets | $349M | $386M | $456M | $516M | $514M | $658M | $683M | $850M | $762M | $457M | $565M | $601M | |
| Non-current assets | $3.7B | $3.74B | $3.65B | $3.61B | $3.57B | $3.56B | $3.34B | $2.97B | $2.86B | $2.83B | $2.86B | $2.88B | |
| Total assets | $5.01B | $5.36B | $5.26B | $5.27B | $5.44B | $5.87B | $5.71B | $5.96B | $6.34B | $7.26B | $7.71B | $8.27B | |
| Liabilities | |||||||||||||
| Accounts payable | $281M | $372M | $390M | $388M | $428M | $563M | $595M | $554M | $516M | $747M | $698M | $779M | |
| Accrued expenses | $182M | $75.1M | $256M | $232M | $240M | $64.6M | $541M | $495M | $511M | $55.3M | $797M | $475M | |
| Short-term debt | $215M | $215M | $35.6M | $35.6M | $35.6M | $0 | $200M | $0 | $0 | $0 | $0 | $0 | |
| Taxes payable | $0 | $142M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $77.9M | $78.6M | $80.5M | $74.2M | $75.9M | $69.8M | $72.6M | $45M | $45.7M | $47.7M | $0 | $0 | |
| Other current liabilities | $36M | $48.3M | $0 | $0 | $0 | $64.6M | $0 | $0 | $0 | $18.3M | $0 | $0 | |
| Current liabilities | $805M | $944M | $763M | $730M | $780M | $1.06B | $1.41B | $1.09B | $1.07B | $1.33B | $1.49B | $1.25B | |
| Long-term debt | $2.91B | $2.91B | $3.49B | $3.48B | $3.47B | $3.51B | $3.51B | $3.51B | $3.51B | $3.51B | $3.51B | $3.52B | |
| Lease obligations (non-current) | $46.9M | $42.9M | $0 | $0 | $0 | $32.6M | $0 | $0 | $0 | $17.8M | $0 | $0 | |
| Other non-current liabilities | $145M | $210M | $250M | $243M | $250M | $180M | $212M | $188M | $284M | $260M | $336M | $337M | |
| Non-current liabilities | $3.1B | $3.16B | $3.74B | $3.73B | $3.72B | $3.72B | $3.72B | $3.7B | $3.8B | $3.79B | $3.85B | $3.85B | |
| Total liabilities | $3.91B | $4.1B | $4.5B | $4.45B | $4.5B | $4.78B | $5.13B | $4.79B | $4.87B | $5.12B | $5.34B | $5.11B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $11K | $11K | $11K | $11K | $11K | $11K | $11K | $11K | $11K | $11K | $11K | $11K | |
| Retained earnings | -$985M | -$813M | -$577M | -$267M | $0 | $599M | $174M | $723M | $1.05B | $1.74B | $1.93B | $2.66B | |
| Accumulated other comprehensive income | -$93.7M | -$65.3M | -$83.9M | -$90.6M | -$54.4M | -$103M | -$73.2M | -$5.15M | -$2.66M | -$47M | -$67.8M | -$73.8M | |
| Shareholders' equity | $1.1B | $1.26B | $760M | $815M | $938M | $1.09B | $575M | $1.17B | $1.47B | $2.13B | $2.36B | $3.16B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $3.19B | $3.18B | $3.53B | $3.52B | $3.51B | $3.56B | $3.71B | $3.51B | $3.51B | $3.54B | $3.51B | $3.52B | |
| Net debt (debt - cash) | $2.86B | $2.68B | $3.09B | $3.06B | $2.94B | $2.81B | $3.16B | $2.32B | $1.85B | $1.06B | $755M | $462M | |
| Balance sheet | Trend | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & equivalents | $276M | $396M | $317M | $1.52B | $1.08B | $502M | $741M | $2.49B | |
| Receivables | $122M | $161M | $297M | $515M | $703M | $954M | $1.41B | $1.82B | |
| Other current assets | $1.7M | $0 | $0 | $1.05B | $156M | $160M | $157M | $124M | |
| Current assets | $408M | $586M | $663M | $3.24B | $1.94B | $1.62B | $2.31B | $4.43B | |
| Property, plant & equipment (net) | $8.53M | $22.8M | $113M | $135M | $139M | $222M | $199M | $148M | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $288M | |
| Goodwill | $98.6M | $137M | $250M | $966M | $1.82B | $1.84B | $1.8B | $1.54B | |
| Intangible assets | $13.2M | $441M | $1.09B | $1.71B | $1.68B | $1.29B | $897M | $397M | |
| Other non-current assets | $8.89M | $15.4M | $42.6M | $118M | $268M | $386M | $658M | $457M | |
| Non-current assets | $129M | $616M | $1.49B | $2.93B | $3.91B | $3.74B | $3.56B | $2.83B | |
| Total assets | $537M | $1.2B | $2.15B | $6.16B | $5.85B | $5.36B | $5.87B | $7.26B | |
| Liabilities | |||||||||
| Accounts payable | $59.5M | $70.5M | $147M | $258M | $273M | $372M | $563M | $747M | |
| Accrued expenses | $12.4M | $37.3M | $13M | $11.8M | $41.5M | $75.1M | $64.6M | $55.3M | |
| Short-term debt | $0 | $12.2M | $15.2M | $25.8M | $33.3M | $215M | $0 | $0 | |
| Taxes payable | $0 | $0 | $40.1M | $67.2M | $82M | $142M | $0 | $0 | |
| Deferred revenue | $0 | $8.2M | $86.9M | $78.9M | $64M | $78.6M | $69.8M | $47.7M | |
| Other current liabilities | $41.9M | $108M | $270M | $158M | $70.6M | $48.3M | $64.6M | $18.3M | |
| Current liabilities | $114M | $239M | $598M | $640M | $579M | $944M | $1.06B | $1.33B | |
| Long-term debt | $796M | $1.17B | $1.58B | $3.2B | $3.18B | $2.91B | $3.51B | $3.51B | |
| Lease obligations (non-current) | $0 | $12.7M | $71.8M | $62.5M | $54.2M | $42.9M | $32.6M | $17.8M | |
| Other non-current liabilities | $5.24M | $39.1M | $59M | $121M | $134M | $210M | $180M | $260M | |
| Non-current liabilities | $801M | $1.22B | $1.71B | $3.39B | $3.37B | $3.16B | $3.72B | $3.79B | |
| Total liabilities | $915M | $1.46B | $2.31B | $4.03B | $3.95B | $4.1B | $4.78B | $5.12B | |
| Equity | |||||||||
| Common stock & paid-in capital | $5K | $7K | $7K | $11K | $11K | $11K | $11K | $11K | |
| Retained earnings | -$1.01B | -$887M | -$1.01B | -$977M | -$1.17B | -$813M | $599M | $1.74B | |
| Accumulated other comprehensive income | -$2.62M | -$4.14M | $604K | -$45.5M | -$83.4M | -$65.3M | -$103M | -$47M | |
| Shareholders' equity | -$378M | -$257M | -$159M | $2.14B | $1.9B | $1.26B | $1.09B | $2.13B | |
| Debt | |||||||||
| Total debt (incl. leases) | $796M | $1.2B | $1.7B | $3.33B | $3.28B | $3.18B | $3.56B | $3.54B | |
| Net debt (debt - cash) | $520M | $800M | $1.38B | $1.81B | $2.2B | $2.68B | $2.81B | $1.06B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01