Common-Size Balance Sheet: Assets
Quarterly Data
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Selected Financial Data since 2021
- Return on Assets (ROA) since 2021
- Total Asset Turnover since 2021
- Price to Earnings (P/E) since 2021
- Price to Operating Profit (P/OP) since 2021
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Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets showed a general decline from 29.03% in the first quarter of 2021 to a low of 6.64% in the third quarter of 2023. Following this trough, a gradual recovery was observed, reaching 20.01% by mid-2025. This indicates periods of liquidity reduction followed by replenishment.
- Restricted Cash Equivalents
- Restricted cash equivalents were reported only in the fourth quarter of 2021 at 17.04% of total assets, with no further values provided, suggesting a unique or non-recurring classification during that quarter.
- Accounts Receivable, Net
- The proportion of accounts receivable exhibited some fluctuations but a clear upward trend overall. Starting at 13% in Q1 2021, it decreased to a low near 8.33% mid-2021, then progressively increased, reaching a peak of 27.65% in Q1 2025, before slightly declining to 26.54%. This trend implies growing receivables, possibly reflecting increased sales or extended credit terms.
- Prepaid Expenses and Other Current Assets
- This category remained relatively stable over the period, fluctuating modestly between approximately 2.2% and 4.2% of total assets. No significant trend is apparent, indicating a consistent proportion of such assets relative to the whole.
- Current Assets
- Current assets as a percentage of total assets showed volatility, with a decrease from 45.2% in Q1 2021 down to a low of 25.99% in Q3 2023, followed by a recovery to 50.22% in Q2 2025. This pattern reflects the changes in cash, receivables, and other current assets, with a notable decline in liquidity during 2023 and a subsequent rebuilding of current asset levels.
- Property and Equipment, Net
- The share of property and equipment demonstrated a gradual increase from below 1% in early 2021 to a peak of 3.29% in Q2 2024, then declined slightly to 2.17% by mid-2025. This suggests modest capital investments or asset acquisitions with some later disposals or depreciation.
- Goodwill
- Goodwill as a percentage of total assets fluctuated significantly, rising from 9.51% at the start of 2021 to approximately 36.23% in Q3 2023. Afterwards, it consistently declined to 25.83% by Q1 2025. These fluctuations likely reflect acquisitions increasing goodwill followed by amortization, impairment, or asset revaluations reducing the balance.
- Intangible Assets, Net
- Intangible assets exhibited a clear downward trend, decreasing from 39.55% of total assets in Q1 2021 to 7.52% by mid-2025. This steady decline suggests amortization or impairment of intangible assets over time, reducing their relative significance within the asset base.
- Other Non-Current Assets
- This category showed a progressive increase from 4.89% in early 2021 to 14.26% in mid-2025, indicating growing investments or asset recognition in non-current asset classes not classified elsewhere.
- Non-Current Assets
- The share of non-current assets experienced a rise from 54.8% in Q1 2021 to a peak around 74% by late 2023, then declined to 49.78% by mid-2025. This reflects shifts in the composition of assets, related to changes in goodwill, intangibles, and other long-term asset categories, with a notable contraction after 2023.