Balance Sheet: Liabilities and Stockholders’ Equity
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.

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.

AppLovin Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	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
Accounts payable	516,438)	553,692)	595,219)	563,427)	427,817)	387,507)	390,079)	371,702)	281,103)	260,847)	282,948)	273,196)	261,515)	283,397)	369,659)	258,220)	208,539)	192,658)	158,023)
Accrued and other current liabilities	510,947)	495,218)	541,381)	424,206)	240,275)	232,334)	256,402)	278,861)	208,868)	187,080)	194,696)	177,389)	157,654)	183,238)	184,092)	169,536)	170,963)	172,877)	134,494)
Short-term debt	—)	—)	200,000)	—)	35,563)	35,563)	35,563)	215,000)	215,000)	33,310)	33,310)	33,310)	33,310)	33,310)	29,560)	25,810)	18,310)	18,310)	18,310)
Deferred revenue	45,748)	44,975)	72,624)	69,839)	75,881)	74,187)	80,480)	78,559)	77,899)	74,307)	66,898)	64,018)	65,433)	68,925)	76,115)	78,930)	84,884)	90,054)	85,892)
Deferred acquisition costs, current	—)	—)	—)	—)	—)	—)	—)	—)	22,604)	36,396)	41,718)	31,045)	25,721)	75,719)	125,691)	107,601)	87,072)	129,280)	89,877)
Current liabilities	1,073,133)	1,093,885)	1,409,224)	1,057,472)	779,536)	729,591)	762,524)	944,122)	805,474)	591,940)	619,570)	578,958)	543,633)	644,589)	785,117)	640,097)	569,768)	603,179)	486,596)
Long-term debt	3,511,965)	3,510,958)	3,509,964)	3,508,983)	3,474,456)	3,482,166)	3,489,891)	2,905,906)	2,912,302)	3,166,759)	3,172,563)	3,178,412)	3,184,221)	3,190,047)	3,195,919)	3,201,834)	1,731,020)	1,733,676)	2,137,612)
Other non-current liabilities	284,017)	187,527)	212,092)	212,986)	250,286)	242,873)	249,898)	252,830)	191,662)	206,021)	225,127)	187,799)	195,642)	188,908)	173,702)	183,357)	217,753)	265,079)	126,913)
Non-current liabilities	3,795,982)	3,698,485)	3,722,056)	3,721,969)	3,724,742)	3,725,039)	3,739,789)	3,158,736)	3,103,964)	3,372,780)	3,397,690)	3,366,211)	3,379,863)	3,378,955)	3,369,621)	3,385,191)	1,948,773)	1,998,755)	2,264,525)
Total liabilities	4,869,115)	4,792,370)	5,131,280)	4,779,441)	4,504,278)	4,454,630)	4,502,313)	4,102,858)	3,909,438)	3,964,720)	4,017,260)	3,945,169)	3,923,496)	4,023,544)	4,154,738)	4,025,288)	2,518,541)	2,601,934)	2,751,121)
Redeemable noncontrolling interest	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	109)	160)	201)	160)	196)	255)
Preferred stock, $0.00003 par value; no shares issued and outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Convertible preferred stock	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	399,589)
Class A, Class B, and Class C Common stock, $0.00003 par value	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	11)	7)
Additional paid-in capital	427,998)	448,899)	474,642)	593,699)	992,588)	1,172,290)	1,420,895)	2,134,581)	2,174,658)	2,687,780)	3,146,163)	3,155,748)	3,112,224)	3,149,474)	3,163,481)	3,160,487)	3,084,928)	3,015,233)	493,465)
Accumulated other comprehensive loss	(2,659)	(5,149)	(73,185)	(103,096)	(54,393)	(90,628)	(83,896)	(65,274)	(93,657)	(76,530)	(73,376)	(83,382)	(140,145)	(128,351)	(58,986)	(45,454)	(27,560)	(9,305)	(117)
Retained earnings (accumulated deficit)	1,048,570)	723,366)	173,953)	599,204)	—)	(266,837)	(576,806)	(812,989)	(985,222)	(1,093,861)	(1,174,218)	(1,169,700)	(1,090,188)	(1,113,959)	(1,092,211)	(976,954)	(1,008,320)	(1,008,498)	(1,022,921)
Stockholders’ equity (deficit)	1,473,920)	1,167,127)	575,421)	1,089,818)	938,206)	814,836)	760,204)	1,256,329)	1,095,790)	1,517,400)	1,898,580)	1,902,677)	1,881,902)	1,907,175)	2,012,295)	2,138,090)	2,049,059)	1,997,441)	(129,977)
Total liabilities, redeemable noncontrolling interest, and stockholders’ equity (deficit)	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)

Accounts payable: The accounts payable balance has generally increased over the observed periods, starting at approximately 158 million USD and reaching peaks above 590 million USD. Although there are some fluctuations, the overall trend points to a growing obligation to suppliers and creditors.
Accrued and other current liabilities: This category exhibits a rising trend from about 134 million USD to over 540 million USD in some quarters. The values show some volatility but predominantly expand, reflecting increasing short-term obligations.
Short-term debt: Short-term debt remained relatively stable in early periods around 18-35 million USD but experienced significant jumps in the latter periods with values reaching 200 million USD and above. However, occasional missing data suggests some non-continuity in reporting or balances.
Deferred revenue: Deferred revenue shows a moderate decline over time with fluctuations, starting near 86 million USD and trending downward to approximately 45 million USD at the end. This decline may indicate reduced prepaid revenues or changing business dynamics affecting advance payments from customers.
Deferred acquisition costs, current: This item displays sharp variability with early values around 90 million USD, peaking at about 130 million USD, then declining significantly and missing in later periods. The decreasing pattern and missing values could indicate changes in capitalized expenses or amortization strategies.
Current liabilities: Current liabilities generally increase throughout the periods, moving from around 487 million USD to peaks over 1 billion USD, with some fluctuations. This reflects a growing short-term financial obligation which may pose liquidity risk if not managed properly.
Long-term debt: The long-term debt balance shows high values throughout, around 2.1 billion USD initially, decreasing sharply in early periods before stabilizing around 3.5 billion USD in later periods. This indicates refinancing or restructuring activities, but overall a substantial debt load is maintained.
Other non-current liabilities: Other non-current liabilities fluctuate but remain in a range generally between 120 million USD and 280 million USD, without a clear directional trend, suggesting relatively stable non-current obligations over time.
Non-current liabilities: Non-current liabilities show a significant increase from approximately 2.3 billion USD to around 3.8 billion USD, with some volatility. This indicates growth in long-term obligations which contributes to the overall leverage profile of the company.
Total liabilities: Total liabilities rise substantially from about 2.75 billion USD to nearly 5 billion USD before peaking over 5.1 billion USD. There is a clear upward trend indicating increased overall leverage and possibly expanded operations financed through debt and payables.
Redeemable noncontrolling interest: This item remains insignificant and diminishes to zero in later periods, suggesting a reduced participation of minority owners holding redeemable shares or a change in the structure of ownership.
Common stock and additional paid-in capital: Common stock par value is negligible and constant. Additional paid-in capital exhibits a steep increase from approximately 493 million USD to over 3.1 billion USD early on, followed by a pronounced decline to about 427 million USD. The initial rise suggests significant equity financing or stock issuance which later reverses, possibly due to buybacks, impairments, or reclassifications.
Accumulated other comprehensive loss: This account reflects increasing negative balances peaking around -140 million USD before fluctuating and trending towards lesser losses in later periods. The persistent losses here indicate unfavorable changes in comprehensive income components such as foreign currency translation or unrealized losses on investments.
Retained earnings (accumulated deficit): Retained earnings start as a deficit exceeding 1 billion USD, worsen then improve markedly to reach positive territory in the latest reported periods, peaking at over 1 billion USD. This recovery implies a return to profitability or capital restructuring enhancing accumulated profits.
Stockholders’ equity (deficit): Overall stockholders’ equity moves from a negative position toward positive figures, with early deficits reversing into a positive net worth exceeding 1 billion USD in later periods. This improvement suggests strengthened equity base, possibly from net income generation and equity issuances exceeding losses.
Total liabilities, redeemable noncontrolling interest, and stockholders’ equity (deficit): The total sum of liabilities and equity fluctuates around 4.5 to 6.3 billion USD, increasing over time. The growth reflects the expansion of the balance sheet total, aligning with increased liabilities and improved equity.

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AppLovin Corp. (NASDAQ:APP)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data