Liftoff Mobile (LFTO) files for proposed Nasdaq IPO

Liftoff Mobile (LFTO) has filed for a proposed Nasdaq IPO.

The company describes itself as: "Liftoff is a mission-critical growth monetization engine for the app economy. Our AI-powered platform is designed to serve all verticals in the app ecosystem and is fully integrated to drive differentiated advertising performance for our customers across the app economy. We deliver profitable users for app advertisers and help to maximize advertising revenue for apps that monetize with ads. At each of December 31, 2023 and 2024 and September 30, 2025, over 1,000 marketers used our platform to acquire new users, and over 105,000, 125,000 and 140,000 apps, respectively, have integrated our software development kit (“SDK”) to monetize their media inventory. Through these SDK integrations, in the fourth quarter of 2025, our platform connects to roughly 1.4 billion daily active users worldwide. We are built to grow as our customers grow: our models are continually improving, which enables us to deliver better performance for our customers, expanding our market opportunity and strengthening our role in the app economy."

From the filing: "We have sequentially grown Core Advertising revenue quarter-over-quarter at an average of 9% over the trailing eight quarters ending September 30, 2025, further demonstrating the success that our core technology platform has had in driving consistent growth in the business. For the years ended December 31, 2023 and 2024 and the nine months ended September 30, 2025, our net loss was $84.7 million, $48.2 million and $25.6 million, respectively. Over the trailing eight quarters ending September 30, 2025, our net loss margin has improved from (38)% to (3)% as our model has become increasingly efficient, and we have delivered significant operating leverage with Adjusted EBITDA Margins expanding from 43% to 56%. For the nine months ended September 30, 2025, we generated year-over-year Core Advertising revenue growth of 43%, net loss margin of (5)% and Adjusted EBITDA Margin of 54%. We enhance our financial profile with a capital-light architecture that is expected to drive cash flow generation. For the nine months ended September 30, 2025, capitalized internal-use software costs (excluding capitalized stock-based compensation expense) were 7% of total revenue."

Goldman Sachs, Jefferies, and Morgan Stanley will serve as lead underwriters.

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