AppLovin Corporation balance sheet APP

Annual Quarterly

As of Sep 30, 2026, AppLovin Corporation had total assets of $8.6 billion and total liabilities of $5.3 billion. Total assets were up 35.3% from a year earlier. Stockholders' equity was $3.3 billion. It held $3.2 billion in cash and investments against $3.5 billion of total debt, net debt of $342.4 million. The current ratio, current assets divided by current liabilities, was 3.80.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2026
Sep 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
Assets
Cash
3,174
+90.4%
2,487
+256.8%
697
+38.8%
502
-53.5%
1,080
-28.9%
1,521
Cash and investments
3,174
+90.4%
2,487
+256.8%
697
+38.8%
502
-53.5%
1,080
-28.9%
1,521
Receivables
2,389
+48.9%
1,819
+41.8%
1,283
+34.5%
954
+35.7%
703
+36.6%
515
Total current assets
5,704
+63.6%
4,431
+91.6%
2,312
+43.1%
1,616
-16.7%
1,939
-40.1%
3,235
Property and equipment, net
113
-13.4%
122
-23.5%
160
-7.7%
173
+120.7%
79
+23.5%
64
Goodwill
1,516
-1.6%
1,540
+5.6%
1,458
-2.6%
1,497
-17.9%
1,824
+88.7%
966
Total assets
8,583
+35.3%
7,260
+23.7%
5,869
+9.5%
5,359
-8.4%
5,848
-5.1%
6,164
Liabilities and equity
Accounts payable
838
+62.3%
747
+48.1%
504
+35.7%
372
+36.1%
273
+5.8%
258
Total current liabilities
1,499
+39.7%
1,334
+26.1%
1,057
+12.0%
944
+63.1%
579
-9.6%
640
Total liabilities
5,284
+8.5%
5,125
+7.2%
4,779
+16.5%
4,103
+4.0%
3,945
-2.0%
4,025
Stockholders' equity
3,299
+123.8%
2,135
+95.9%
1,090
-13.3%
1,256
-34.0%
1,903
-11.0%
2,138
Debt
Debt due within a year
—
—
—
430
+545.5%
67
+29.1%
52
Long-term debt
3,516
+0.1%
3,513
+0.1%
3,509
+20.8%
2,906
-8.6%
3,178
-0.7%
3,202
Lease liabilities
—
154
-24.2%
204
-7.6%
220
+62.6%
136
+6.7%
127
Total debt
3,516
+0.1%
3,667
-1.2%
3,713
+4.4%
3,556
+5.2%
3,381
+0.0%
3,380
Net cash
-342
+81.4%
-1,180
+60.9%
-3,016
+1.3%
-3,054
-32.8%
-2,300
-23.7%
-1,860
Ratios
Current ratio
3.80x
3.32x
2.19x
1.71x
3.35x
5.05x
Debt to equity
1.07x
1.72x
3.41x
2.83x
1.78x
1.58x
Debt to EBITDA
0.58x
0.84x
1.57x
2.82x
6.77x
5.82x
Return on equity
151.98%
156.17%
144.96%
28.39%
-10.13%
1.66%
Return on assets
58.41%
45.92%
26.92%
6.66%
-3.30%
0.58%
Book value per share
9.96
6.31
3.20
3.70
5.09
5.70
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry
Services-Computer Programming, Data Processing, Etc. (SIC 7370)
Listed as
APP (Nasdaq)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Palo Alto, CA
SEC filer status
Large accelerated filer
SEC CIK
1751008

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.