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.

AppLovin Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash and cash equivalents	2,758,671)	2,487,096)	1,666,899)	1,192,608)	551,024)	741,411)	567,596)	460,449)	436,336)	502,152)	332,491)	876,227)	1,245,893)	1,080,484)	943,508)	951,560)	1,413,256)	1,520,504)	1,049,617)	1,183,743)	761,075)
Restricted cash equivalents	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,050,000)	—)	—)	—)
Accounts receivable, net	1,958,023)	1,819,366)	1,603,953)	1,581,679)	1,577,812)	1,414,246)	1,187,431)	1,074,342)	1,035,372)	953,810)	849,140)	669,785)	637,605)	702,814)	665,462)	690,911)	684,461)	514,520)	412,884)	383,133)	340,881)
Prepaid expenses and other current assets	130,881)	124,330)	216,714)	218,402)	238,498)	156,533)	120,393)	125,479)	136,180)	160,201)	119,161)	150,256)	164,859)	155,785)	215,279)	174,826)	200,384)	150,040)	163,864)	149,969)	82,865)
Current assets	4,847,575)	4,430,792)	3,487,566)	2,992,689)	2,367,334)	2,312,190)	1,875,420)	1,660,270)	1,607,888)	1,616,163)	1,300,792)	1,696,268)	2,048,357)	1,939,083)	1,824,249)	1,817,297)	2,298,101)	3,235,064)	1,626,365)	1,716,845)	1,184,821)
Property and equipment, net	114,820)	122,445)	130,815)	129,600)	161,655)	160,530)	177,052)	169,209)	172,994)	173,331)	102,156)	115,391)	118,572)	78,543)	71,345)	62,431)	63,716)	63,608)	62,910)	62,986)	22,167)
Goodwill	1,523,050)	1,539,986)	1,540,889)	1,539,301)	1,639,796)	1,803,426)	1,852,299)	1,821,913)	1,827,197)	1,842,850)	1,813,567)	1,830,710)	1,833,699)	1,823,755)	1,763,170)	1,803,167)	1,584,928)	966,427)	997,661)	1,016,074)	249,385)
Intangible assets, net	368,996)	396,714)	421,868)	448,179)	855,046)	896,677)	1,023,643)	1,101,935)	1,198,122)	1,292,635)	1,386,591)	1,493,996)	1,574,547)	1,677,660)	1,889,163)	2,028,974)	2,018,098)	1,709,347)	1,758,796)	1,675,669)	1,036,800)
Equity method investments	288,669)	287,666)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other non-current assets	564,595)	482,007)	761,897)	849,728)	682,870)	696,436)	514,070)	516,139)	456,316)	434,208)	402,122)	345,755)	340,665)	328,805)	257,471)	218,959)	202,350)	189,133)	122,028)	127,997)	128,226)
Non-current assets	2,860,130)	2,828,818)	2,855,469)	2,966,808)	3,339,367)	3,557,069)	3,567,064)	3,609,196)	3,654,629)	3,743,024)	3,704,436)	3,785,852)	3,867,483)	3,908,763)	3,981,149)	4,113,531)	3,869,092)	2,928,515)	2,941,395)	2,882,726)	1,436,578)
Total assets	7,707,705)	7,259,610)	6,343,035)	5,959,497)	5,706,701)	5,869,259)	5,442,484)	5,269,466)	5,262,517)	5,359,187)	5,005,228)	5,482,120)	5,915,840)	5,847,846)	5,805,398)	5,930,828)	6,167,193)	6,163,579)	4,567,760)	4,599,571)	2,621,399)

Total assets exhibit a significant long-term growth trajectory, increasing from 2.62 billion USD in March 2021 to 7.71 billion USD by March 2026. The composition of the balance sheet reveals a strategic shift from an asset base heavily weighted toward intangibles and goodwill toward one dominated by liquid current assets.

Liquidity and Working Capital Trends: Current assets grew from 1.18 billion USD in March 2021 to 4.85 billion USD in March 2026. This growth was primarily driven by a consistent and aggressive increase in net accounts receivable, which rose from 340 million USD to 1.96 billion USD over the period. Cash and cash equivalents displayed higher volatility, peaking at 1.52 billion USD in December 2021, declining to a period low of 332 million USD in September 2023, and subsequently rebounding strongly to reach 2.76 billion USD by March 2026.
Intangible Assets and Goodwill Dynamics: A period of rapid expansion is evident in the goodwill account, which surged from 249 million USD in March 2021 to a peak of 1.84 billion USD by December 2023, indicating significant acquisition activity. In contrast, net intangible assets followed a trajectory of initial growth followed by steady decline; after peaking at 2.03 billion USD in June 2022, they decreased consistently to 369 million USD by March 2026, reflecting the systematic amortization of these assets.
Non-Current Asset Composition: Non-current assets transitioned from 1.44 billion USD in March 2021 to 2.86 billion USD in March 2026. While property and equipment remained relatively stable, fluctuating between 22 million USD and 173 million USD, other non-current assets showed a general upward trend, reaching 564 million USD. Additionally, the appearance of equity method investments totaling approximately 288 million USD in late 2025 marks a diversification in the company's long-term investment strategy.

The data indicates a strengthening of the liquidity position toward the end of the observed period. The substantial increase in both cash reserves and accounts receivable, coupled with the reduction in net intangible assets, suggests a transition toward a more liquid and operationally driven asset structure.

AppLovin Corp. (NASDAQ:APP)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

AppLovin Corp. (NASDAQ:APP)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data