AppLovin Corp

Company facts

Industry

Services-Computer Programming, Data Processing, Etc.

Headquarters

Palo Alto, California

Most recent report

10-Q, filed Nov 4, 2026

Incorporated

Delaware

Filings on record

815 filings

On EDGAR

CIK 1751008

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 5 of 10 sections worth reading, with 1 positive, 9 notable, and 2 negative flags.

• Item 1

  Financial statements and notes with material buyback, cloud commitment, and tax cash flow details.
  Notable

  • Cloud computing commitment: $1.3B minimum over three years; $1.1B paid by September 30, 2026.
  • Repurchased 7.3M shares for $2.9B in nine months; $394M left; then $3.2B more authorized in October 2026.
  • Revenue from Tripledot related party was $44.7M in nine months 2026, up from zero in prior period.

• Item 2

  Revenue up 55%, net margin 66%, free cash flow $3.6B; massive buyback and stock comp surge.
  Positive

  • Board authorized a $3.2B increase to the buyback program in October 2026, leaving $3.6B available.

• Legal Proceedings (Item 1)

  Multiple active securities class actions and derivative suits with specific allegations and timelines.
  Notable

  • Company states it cannot estimate maximum potential exposure or range of possible loss from these cases.

• Risk Factors (Item 1A)

  Company-specific risks: TikTok bid, Apps Business sale, securities lawsuits, and AI regulatory exposure.
  Notable

  • AppLovin bid for TikTok in April 2025 but did not complete the deal; this is a disclosed strategic pursuit.
  • Sold its Apps Business in June 2025; no longer generates Apps revenue and retained some legal liabilities.
  • As of September 30, 2026, $3.6 billion in senior notes outstanding and $1.0 billion undrawn credit facility.
  • Voting Agreement Parties hold ~67% voting power; CEO and director control all Class B shares with 20 votes each.
  Negative

  • Revenue concentrated in mobile gaming and dependent on Apple App Store, Google Play Store, and Meta.
  • Multiple securities lawsuits filed since March 2025 over statements about ad solutions and financial growth.

• Unregistered Sales and Repurchases (Item 2)

  Large buyback activity and a $3.2B program increase are material capital allocation events.
  Notable

  • Issued 567 shares of Class A common stock upon vesting of RSUs under the 2021 Partner Studio Incentive Plan.

What changed: Sep 2026 vs. Jun 2026

About 1% of APP's Sep 2026 10-Q is new information. 8 paragraphs were added, 128 changed, and 11 removed. Below are the most important lines SECSift identified.

• Item 2 39
• Item 1 35
• Item 1A 22
• Item 5 2
• Item 4 2
• Item 6 2