Monitor the earnings call for commentary on the sustainability of Cortex-driven growth and the trajectory of non-cash expenses post-IPO.
Price Chart
Executive Summary
Liftoff Mobile reported Q2 FY2026 revenue of $219.5M (+35% YoY), significantly above the $207.9M consensus, but posted a GAAP net loss of -$4.2M (-$0.03 EPS) versus the -$0.43 EPS consensus, driven by $45M in non-cash IPO-related expenses. The company guided Q3 revenue to $217-222M and raised FY2026 revenue guidance to $870-880M, while Adjusted EBITDA margins expanded to 60%.
Key Financial Metrics
Key Facts
- Q2 FY2026 revenue of $219.5M, +35% YoY and +7% QoQ, beating $207.9M consensus.
- GAAP net loss of -$4.2M (-$0.03 EPS) vs consensus -$0.43 EPS, but includes $45M in non-cash IPO/capital markets expenses.
- Adjusted EBITDA of $132.3M, +55% YoY, with margin expanding to 60% from 53% YoY.
- Core Advertising Revenue of $219M, +36% YoY.
- Trailing 12-month Free Cash Flow of $184.5M, +142% YoY.
- Q3 FY2026 guidance: Revenue $217-222M, Adjusted EBITDA $124-128M.
- FY2026 guidance raised: Revenue $870-880M, Adjusted EBITDA $510-518M.
- Long-term debt reduced to $1.39B from $1.80B at year-end 2025, with $418.4M in debt principal payments during H1 2026.
Financial Impact
Revenue beat consensus by ~5.6% ($219.5M vs $207.9M). GAAP EPS beat consensus by $0.40 (-$0.03 vs -$0.43). Adjusted EBITDA margin expanded 8pts YoY to 60%.
Risk Factors
- GAAP net loss of -$4.2M, though driven by $45M in non-cash IPO expenses, may concern some investors.
- High leverage with $1.41B in total debt vs $305M cash; debt service costs ($33.3M quarterly interest) remain a significant cash drain.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-056173 |
| Document: lfto-20260812.htm | 0001628280-26-056173 |
| Document: 0001628280-26-056173-index-headers.html | 0001628280-26-056173 |
| Document: 0001628280-26-056173-index.html | 0001628280-26-056173 |
| Document: 0001628280-26-056173.txt | 0001628280-26-056173 |
| 8-K Data (Synthetic) | 0001628280-26-056173 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Press Release | $16.32 | awaiting T+5 | — | $17.10 (+4.78%) |
Oct 12, 2026 15d ago | Institutional Cluster | $15.88 $16.26 | ▲ +2.39% | ▲ +3.89% | $17.10 (+7.68%) |
Aug 12, 2026 10w ago | 8-K | $20.06 $18.36 | ▼ −8.47% | ▼ −6.51% | $17.10 (−14.76%) |
Aug 12, 2026 10w ago | Press Release | $20.06 $18.36 | ▼ −8.47% | ▼ −6.51% | $17.10 (−14.76%) |
Jun 9, 2026 19w ago | Insider Buy | $24.72 $24.91 | ▲ +0.77% | ▼ −2.66% | $17.10 (−30.83%) |
Jun 8, 2026 20w ago | 8-K | $25.77 $25.39 | ▼ −1.47% | ▼ −3.89% | $17.10 (−33.64%) |
Jun 4, 2026 20w ago | EFFECT | $28.45 $25.66 | ▼ −9.81% | ▼ −7.25% | $17.10 (−39.89%) |
Jun 2, 2026 21w ago | S-1/A | $21.00 $25.77 | ▲ +22.71% | ▲ +25.68% | $17.10 (−18.57%) |
May 29, 2026 21w ago | S-1/A | — | awaiting T+5 | — | — |
US Market Status
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