Liftoff Mobile (LFTO) investor relations material

Company overview and business model

• Operates an AI-powered platform for mobile app growth, integrating both DSP and SSP to deliver user acquisition and ad monetization across all app verticals.

• Platform connects to over 1.4 billion daily active users via 167,814 integrated apps as of March 31, 2026.

• Revenue model is transaction-based, retaining a portion of media spend as revenue, with a focus on performance metrics like ROAS.

• Cortex, a proprietary neural network model, underpins the platform, enabling rapid, continuous improvement and high customer retention.

• Broad vertical expertise and modular Adapters allow tailored solutions for diverse customer needs, driving expansion beyond gaming.

Financial performance and metrics

• Revenue for Q1 2026 was $205.6M, up 37% YoY; net income was $49.3M (24% margin); Adjusted EBITDA was $120.1M (58% margin).

• FY 2025 revenue was $685.7M (32% YoY growth); net loss was $23.1M; Adjusted EBITDA was $374.4M (55% margin).

• Core Advertising revenue represented 100% of total revenue in Q1 2026, up from 99% in 2025 and 79% in 2023.

• LTM Core Advertising Net Dollar Retention was 130% as of March 31, 2026; 384 customers contributed over $100K in LTM Core Advertising revenue.

• Cash and cash equivalents were $200.9M as of March 31, 2026; long-term debt was $1.8B.

Use of proceeds and capital allocation

• Estimated net proceeds of $377.1M (or $433.6M if underwriters' option exercised) at $21.00/share.

• Proceeds will be used to repay $357.3M of outstanding debt under the New Term Loan Facility; remainder for general corporate purposes.

• Capital-light model with internal-use software costs at 6% of revenue for Q1 2026.