AppLovin Corp
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
APP$410.00+4.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except per share data)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,487,096 | $697,030 |
| Accounts receivable, net | 1,819,366 | 1,283,335 |
| Prepaid expenses and other current assets | 124,330 | 140,470 |
| Current assets of discontinued operations | — | 191,355 |
| Total current assets | 4,430,792 | 2,312,190 |
| Property and equipment, net | 122,445 | 159,970 |
| Operating lease right-of-use assets | 25,457 | 36,473 |
| Goodwill | 1,539,986 | 1,457,685 |
| Intangible assets, net | 396,714 | 472,851 |
| Equity method investments | 287,666 | — |
| Other assets | 456,550 | 492,841 |
| Non-current assets of discontinued operations | — | 937,249 |
| Total assets | $7,259,610 | $5,869,259 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $746,977 | $504,302 |
| Accrued and other current liabilities | 572,868 | 401,531 |
| Operating lease liabilities, current | 13,943 | 14,526 |
| Current liabilities of discontinued operations | — | 137,113 |
| Total current liabilities | 1,333,788 | 1,057,472 |
| Long-term debt | 3,512,987 | 3,508,983 |
| Operating lease liabilities, non-current | 17,811 | 31,101 |
| Other non-current liabilities | 260,353 | 180,471 |
| Non-current liabilities of discontinued operations | — | 1,414 |
| Total liabilities | 5,124,939 | 4,779,441 |
| Commitments and contingencies (Note 6) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00003 par value—100,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | — | — |
| Class A, Class B, and Class C Common Stock, $0.00003 par value—1,850,000 (Class A 1,500,000, Class B 200,000, Class C 150,000) shares authorized, 338,313 (Class A 307,955, Class B 30,358, Class C nil) and 340,042 (Class A 309,353, Class B 30,689, Class C nil) shares issued and outstanding as of December 31, 2025 and 2024, respectively | 11 | 11 |
| Additional paid-in capital | 446,550 | 593,699 |
| Accumulated other comprehensive loss | (46,987) | (103,096) |
| Retained earnings | 1,735,097 | 599,204 |
| Total stockholders’ equity | 2,134,671 | 1,089,818 |
| Total liabilities and stockholders’ equity | $7,259,610 | $5,869,259 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.