NASDAQ: LFTO
Liftoff Mobile, Inc.CIK 0001850351 · SIC 7374 · Computer Processing & Data Preparation
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revenue $219.5M, net income -$4.2M. Q2 net loss narrows to $(4.2)M on 35% revenue growth
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Liftoff Mobile prices IPO at $23.00, raising $437M in primary offering
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Liftoff Mobile adds earnout liability disclosure and stock-split note in latest S-1/A
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Latest financial statements
From 10-Q filed Aug 13, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 219,505 | 162,084 | 425,147 | 312,053 |
| Costs and operating expenses: | ||||
| Cost of revenue, excluding depreciation and amortization | 29,033 | 25,455 | 57,018 | 48,963 |
| General and administrative | 34,991 | 58,391 | 59,834 | 79,113 |
| Research and development | 34,513 | 36,925 | 61,887 | 57,849 |
| Sales and marketing | 20,594 | 16,149 | 38,329 | 30,411 |
| Depreciation and amortization | 22,963 | 25,120 | 44,731 | 50,672 |
| Total costs and operating expenses | 142,094 | 162,040 | 261,799 | 267,008 |
| Income from operations | 77,411 | 44 | 163,348 | 45,045 |
| Other income (expense): | ||||
| Interest expense, net | (33,339) | (30,038) | (68,314) | (59,642) |
| Loss on debt extinguishment | (7,366) | — | (7,366) | — |
| Post-conversion earnout share liability revaluation | 139 | — | 2,675 | — |
| Contingent consideration revaluation | (17,529) | 3,300 | (12,629) | (5,100) |
| Other (expense) income, net | (86) | (1,137) | (198) | (992) |
| Income (loss) before income taxes | 19,230 | (27,831) | 77,516 | (20,689) |
| Income tax (expense) benefit | (23,461) | 4,048 | (32,416) | 774 |
| Net income (loss) | (4,231) | (23,783) | 45,100 | (19,915) |
| Net income (loss) per share: | ||||
| Basic | (0.03) | (0.16) | 0.30 | (0.14) |
| Diluted | (0.03) | (0.16) | 0.27 | (0.14) |
| Weighted average common shares used to compute net income (loss) per share attributable to common stockholders: | ||||
| Basic | 137,076,788 | 145,269,540 | 130,121,241 | 145,309,595 |
| Diluted | 137,076,788 | 145,269,540 | 143,533,326 | 145,309,595 |
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands, except share and per share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 305,398 | 133,306 |
| Accounts receivable, net | 366,112 | 355,277 |
| Income tax receivable | 995 | 1,651 |
| Prepaid expenses and other current assets | 20,498 | 26,891 |
| Total current assets | 693,003 | 517,125 |
| Restricted cash | 789 | 789 |
| Property, equipment, and software, net | 128,984 | 115,968 |
| Intangible assets, net | 153,313 | 178,677 |
| Goodwill | 1,056,302 | 1,057,180 |
| Other assets | 33,571 | 31,590 |
| Total assets | 2,065,962 | 1,901,329 |
| LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | 355,096 | 356,519 |
| Accrued liabilities | 99,294 | 77,216 |
| Current portion of long-term debt | 18,550 | 18,550 |
| Other current liabilities | 30,274 | 29,169 |
| Total current liabilities | 503,214 | 481,454 |
| Deferred tax liability | 40,813 | 29,009 |
| Long-term debt, net | 1,392,149 | 1,801,150 |
| Other liabilities | 135,320 | 126,597 |
| Total liabilities | 2,071,496 | 2,438,210 |
| Commitments and contingencies (Note 6) | ||
| Redeemable convertible preferred stock: | ||
| Series A redeemable convertible preferred stock ($0.0001 par value Nil and 1,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; Nil and 425,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) Liquidation preference of nil and $425,000 as of June 30, 2026 and December 31, 2025, respectively. | — | 414,607 |
| Stockholders’ equity (deficit): | ||
| Preferred stock ($0.0001 par value 700,000,000 and nil shares authorized as of June 30, 2026 and December 31, 2025, respectively, no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) | — | — |
| Common Stock ($0.0001 par value 7,000,000,000 and 234,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 169,330,527 and 123,002,518 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) | 17 | 12 |
| Additional paid-in capital | 906,720 | 5,867 |
| Accumulated other comprehensive loss | (1,400) | (1,396) |
| Accumulated deficit | (910,871) | (955,971) |
| Total stockholders’ equity (deficit) | (5,534) | (951,488) |
| Total liabilities, redeemable convertible preferred stock, and stockholders’ equity (deficit) | 2,065,962 | 1,901,329 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | 45,100 | (19,915) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 44,731 | 50,672 |
| Amortization of debt issuance costs | 2,198 | 3,219 |
| Provision for credit losses | 1,995 | 1,542 |
| Stock-based compensation expense | 26,634 | 4,022 |
| Non-cash lease expense | 2,489 | 2,459 |
| Deferred income tax | 13,022 | (6,007) |
| Loss on debt extinguishment | 7,366 | — |
| Contingent consideration revaluation | 12,629 | 5,100 |
| Post-conversion earnout share liability revaluation | (2,675) | — |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (12,780) | (63,806) |
| Income tax receivable | 618 | 132 |
| Prepaid expenses and other current assets | 3,522 | (11,205) |
| Other assets | (2,889) | (1,501) |
| Accounts payable | (8,006) | 79,681 |
| Accrued liabilities | 20,488 | 28,401 |
| Other current liabilities | 1,430 | 1,173 |
| Other long-term liabilities | (4,395) | 3,930 |
| Net cash provided by operating activities | 151,477 | 77,897 |
| Cash flows from investing activities: | ||
| Purchase and capitalization of property, equipment and software | (27,247) | (24,901) |
| Net cash used in investing activities | (27,247) | (24,901) |
| Cash flows from financing activities: | ||
| Proceeds from the exercise of stock options | 2,255 | 1,237 |
| Proceeds from issuance of preferred stock | — | 409,545 |
| Proceeds from post-conversion earnout share liability | — | 5,393 |
| Proceeds from initial public offering, net of underwriting discounts and commissions | 472,397 | — |
| Repurchase of common stock | — | (383,389) |
| Payment of debt principal | (418,438) | (7,563) |
| Payment of deferred offering costs | (8,359) | — |
| Net cash provided by financing activities | 47,855 | 25,223 |
| Effect of exchange rate on cash, cash equivalents, and restricted cash | 7 | 663 |
| Net increase in cash, cash equivalents, and restricted cash | 172,092 | 78,882 |
| Cash, cash equivalents, and restricted cash, beginning of period | 134,095 | 99,088 |
| Cash, cash equivalents, and restricted cash, end of period | 306,187 | 177,970 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except share and per share data); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗