Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
Paying user area
Try for free
AppLovin Corp. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to AppLovin Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
AppLovin Corp., consolidated balance sheet: liabilities and stockholders’ equity
US$ in thousands
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Overall, the liability and stockholders’ equity position of the company demonstrates significant fluctuation across the observed period. Total liabilities increased substantially from 2021 to 2024, before leveling off in 2025. Stockholders’ equity experienced a more volatile pattern, declining significantly between 2021 and 2023, then recovering strongly in 2024 and 2025. The composition of both liabilities and equity shifted considerably over the five years.
- Current Liabilities
- Current liabilities exhibited a general upward trend, increasing from approximately US$640 million in 2021 to over US$1.33 billion in 2025. A notable surge occurred between 2022 and 2024. Accounts payable and accrued taxes were primary drivers of this increase, with both items more than doubling in value over the period. Deferred acquisition costs, current, decreased significantly from 2021 to 2022 and were subsequently eliminated from the reporting. Short-term debt saw a large increase in 2023, but data is missing for 2024 and 2025.
- Non-Current Liabilities
- Non-current liabilities remained relatively stable between 2021 and 2023, fluctuating around US$3.36 billion. A substantial increase was observed in 2024, reaching approximately US$3.72 billion, followed by a slight increase in 2025. Long-term debt constitutes the vast majority of non-current liabilities, with a notable increase in 2024. Finance lease liabilities, non-current, also increased significantly between 2022 and 2023, but then began to decline.
- Stockholders’ Equity
- Stockholders’ equity experienced a marked decline from US$2.14 billion in 2021 to US$1.26 billion in 2023. This decrease was primarily driven by substantial losses reflected in retained earnings (accumulated deficit). However, a significant recovery began in 2024, with equity reaching US$2.13 billion in 2025. This recovery was fueled by a substantial positive swing in retained earnings. Additional paid-in capital decreased significantly from 2021 to 2025, while accumulated other comprehensive loss remained relatively consistent.
- Total Liabilities and Equity
- Total liabilities, redeemable noncontrolling interest, and stockholders’ equity decreased from US$6.16 billion in 2021 to US$5.36 billion in 2023, mirroring the decline in stockholders’ equity. A subsequent increase occurred in 2024 and 2025, reaching US$7.26 billion, driven by the recovery in equity and continued growth in liabilities.
- Specific Liability Items
- Accrued taxes demonstrated consistent growth throughout the period, more than tripling from 2021 to 2025. Compensation and related liabilities were volatile, decreasing in 2022 before increasing in 2023 and decreasing again in 2025. Deferred revenue remained relatively stable, with a slight downward trend.