Liftoff Mobile (LFTO) Registration filing summary

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 SDK integrations in 167,814 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.

• Differentiates through proprietary neural network technology (Cortex) and modular Adapters for vertical-specific solutions.

• Unified DSP and SSP platform enables data symmetry, higher auction win rates, and compounding customer growth.

Financial performance and metrics

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

• FY 2025 revenue was $685.7M (32% YoY growth); net loss was $23.1M, improved from $48.2M loss in 2024.

• 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.

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

Use of proceeds and capital allocation

• Net proceeds will be used to repay outstanding indebtedness under the New Term Loan Facility and for general corporate purposes.

• No proceeds from shares sold by selling stockholders.

• Capital-light architecture supports cash flow generation; capitalized internal-use software costs were 6% of total revenue in Q1 2026.