Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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AppLovin Corp. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2021
- Price to Book Value (P/BV) since 2021
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AppLovin Corp., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).
Total assets exhibit a long-term growth trajectory, increasing from approximately $2.62 billion in March 2021 to $8.27 billion by June 2026. This expansion was characterized by an initial surge through 2021, followed by a period of consolidation between 2022 and 2024, and a subsequent acceleration in asset accumulation during 2025 and 2026.
- Current Asset Composition and Liquidity
- Current assets have expanded significantly, rising from $1.18 billion in March 2021 to $5.39 billion by June 2026. This growth is primarily driven by a substantial increase in cash and cash equivalents, which, after reaching a low of $332.5 million in September 2023, climbed aggressively to $3.05 billion by June 2026. Simultaneously, accounts receivable, net, show a consistent and steady upward trend, growing from $340.9 million in March 2021 to $2.17 billion in June 2026, suggesting a scaling of operational volume and revenue generation.
- Intangible Asset and Goodwill Trends
- Non-current assets reached a peak in 2022, largely due to a sharp increase in goodwill and intangible assets. Goodwill rose from $249.4 million in March 2021 to a peak of $1.82 billion in December 2022, before stabilizing and slightly declining to $1.52 billion by June 2026. In contrast, net intangible assets demonstrate a marked downward trend following a peak of $2.03 billion in March 2022, falling to $355.7 million by June 2026. This persistent decline is indicative of significant amortization over the observed period.
- Fixed Assets and Other Non-Current Holdings
- Property and equipment, net, remained relatively low and stable compared to other asset classes, peaking at $173.3 million in December 2023 before moderating to $111.9 million by June 2026. Other non-current assets saw a general increase from $128.2 million in March 2021 to a peak of $849.7 million in June 2024, eventually settling at $600.7 million by the end of the period. Additionally, a new asset class, equity method investments, appeared in late 2025, maintaining a value around $289 million through June 2026.
- Structural Shift in Asset Base
- A fundamental shift in the balance sheet structure is observable. In the early stages of the period, total assets were heavily weighted toward non-current assets, specifically goodwill and intangibles. By June 2026, the asset composition shifted toward higher liquidity, with current assets comprising approximately 65% of total assets, compared to roughly 45% in March 2021. This transition reflects a move from an acquisition-driven asset base toward one characterized by strong cash generation and working capital growth.