Liftoff Revenue Rises 32% to $237.521 Million in Third Quarter
Key Facts
Liftoff reported results on November 12, 2026, for the third quarter ended September 30, posting revenue of $237.521 million, up 32% year over year. Chief Executive Jeremy Bondy said results came in "well above the high end of our previously published guidance." Bondy attributed the performance to strength across app categories and improved customer results, which encouraged them to increase investment in the company’s platform. He also said growth came from a broad range of sectors, supported by ongoing improvements to products and models. Shares closed the regular session at $18.71, before rising 15.02% in after-hours trading to $21.52.
Revenue was $179.532 million in the third quarter of 2025, then reached $237.521 million in the third quarter of 2026. For the first nine months, the company posted revenue of $662.668 million, compared with $491.585 million in the same period of 2025. The figures place the quarter’s results within a sustained growth trajectory over the year, while management said strong demand was spread across multiple app categories. Bondy said improved customer performance drove them to increase investment in the platform. The CEO linked continued growth to product and model development and its breadth across different sectors.
Adjusted EBITDA was $144.949 million in the third quarter, compared with $100.257 million a year earlier and $132.312 million in the second quarter. The metric’s margin rose to 61%, from 56% in the year-earlier quarter and 60% in the second quarter. The comparison reflects year-over-year and quarterly improvement in both adjusted earnings and margin. The company uses this metric in its financial guidance for the coming quarter and the full year. It said in its filing that reconciling its adjusted earnings and margin outlook with generally accepted accounting principles is unavailable without unreasonable effort because of uncertainty and potential changes in reconciling items, including stock-based compensation.
Net cash provided by operating activities was $303.228 million for the 12 months ended September 30, 2026, compared with $146.233 million in the prior comparable period. Free cash flow reached $249.264 million, versus $96.587 million in the same period a year earlier. Cash and cash equivalents totaled $385.651 million on September 30, up from $133.306 million on December 31, 2025. These figures present cash flows and liquidity alongside revenue growth and higher adjusted earnings. The comparison also broadens the view of results beyond quarterly performance to cash generated during the 12 months ended in September.
Liftoff forecast fourth-quarter 2026 revenue of between $244 million and $249 million and adjusted EBITDA of between $150 million and $154 million, with a margin ranging from 61% to 62%. The company raised its fiscal 2026 revenue outlook to between $907 million and $912 million, and adjusted earnings to between $547 million and $551 million. The company did not provide a forward reconciliation of its adjusted earnings or margin outlook with generally accepted accounting principles, citing uncertainty in potential reconciling items. Bondy said strength across app categories and improved customer results support increased investment in the platform. The new outlook follows the results announcement on November 12 and sets the company’s financial range for the fourth quarter and fiscal 2026.