20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Applovin Corp (APP) operates in the Application Software industry and is headquartered in Palo Alto, United States with about 876 employees. Its market capitalization is roughly $132 billion. In the fiscal year ended 2025-12-31, APP reported $5.5B in revenue and $3.3B in net income.
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps.
Interactive charts & full statements → Open the APP valuation workbench →
| Income statement | TTM → 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $6.2B | $5.5B | $3.2B | $1.8B | $2.8B | $2.8B | $1.5B | $994M | $483M |
| Gross Profit | $5.4B | $4.8B | $2.7B | $1.5B | $1.6B | $1.8B | $896M | $753M | $430M |
| Gross Margin % | 88.4% | 87.9% | 83.9% | 80.6% | 55.4% | 64.6% | 61.7% | 75.7% | 88.9% |
| Operating Income (EBIT) | $4.8B | $4.2B | $1.9B | $772M | ($48M) | $150M | ($62M) | $194M | $242M |
| Operating Margin % | 77.1% | 75.8% | 59.3% | 41.9% | -1.7% | 5.4% | -4.3% | 19.6% | 50.2% |
| Net Income | $4.0B | $3.3B | $1.6B | $357M | ($193M) | $35M | ($125M) | $119M | ($260M) |
| Net Margin % | 64.3% | 60.8% | 49.0% | 19.4% | -6.8% | 1.3% | -8.6% | 12.0% | -53.8% |
| EBITDA | $4.9B | $4.4B | $2.4B | $1.3B | $514M | $581M | $197M | $293M | $248M |
| Earnings Per Share (EPS) | $11.65 | $9.75 | $4.54 | $0.99 | $-0.52 | $0.10 | $-0.58 | $0.56 | $-1.37 |
| Shares Outstanding (M) | 339M | 342M | 348M | 363M | 372M | 343M | 215M | 212M | 190M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.8B | $1.7B | $1.4B | $1.3B | $1.2B | $1.4B | $835M | $711M |
| Gross Profit | $1.6B | $1.5B | $1.2B | $1.1B | $1.0B | $1.1B | $714M | $589M |
| Gross Margin % | 88.9% | 88.9% | 87.6% | 87.7% | 86.9% | 76.7% | 85.5% | 82.9% |
| Operating Income (EBIT) | $1.4B | $1.3B | $1.1B | $958M | $840M | $608M | $534M | $384M |
| Operating Margin % | 78.1% | 76.9% | 76.8% | 76.1% | 72.5% | 44.3% | 64.0% | 54.1% |
| Net Income | $1.2B | $1.1B | $836M | $820M | $576M | $599M | $434M | $310M |
| Net Margin % | 65.4% | 66.5% | 59.5% | 65.1% | 49.7% | 43.6% | 52.0% | 43.6% |
| EBITDA | $1.5B | $1.3B | $1.1B | $982M | $927M | $737M | $642M | $501M |
| Earnings Per Share (EPS) | $3.56 | $3.24 | $2.45 | $2.39 | $1.67 | $1.73 | $1.25 | $0.89 |
| Shares Outstanding (M) | 339M | 340M | 341M | 342M | 345M | 346M | 348M | 348M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $4.4B | $4.0B | $2.1B | $1.1B | $413M | $362M | $223M | $198M | $139M |
| Capital Expenditures (CapEx) | $28M | $28M | $5M | $4M | $1M | $5M | $3M | $3M | $1M |
| Free Cash Flow (FCF) | $4.4B | $3.9B | $2.1B | $1.1B | $412M | $356M | $220M | $195M | $138M |
| FCF Margin % | 71.4% | 71.9% | 65.0% | 57.4% | 14.6% | 12.8% | 15.1% | 19.6% | 28.5% |
| Dividends Paid | — | — | — | — | — | $3M | $484M | $3M | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $1.3B | $1.3B | $1.1B | $772M | $832M | $701M | $551M | $455M |
| Capital Expenditures (CapEx) | $0M | $28M | $0M | $0M | $0M | $5M | $3M | $15M |
| Free Cash Flow (FCF) | $1.3B | $1.3B | $1.1B | $772M | $832M | $696M | $548M | $439M |
| FCF Margin % | 70.1% | 77.5% | 75.0% | 61.4% | 71.8% | 50.7% | 65.5% | 61.8% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-03-31 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.7B | $7.3B | $5.9B | $5.4B | $5.8B | $6.2B | $2.2B | $1.2B | $537M |
| Cash & Cash Equivalents | $2.8B | $2.5B | $741M | $502M | $1.1B | $1.5B | $317M | $396M | $276M |
| Total Liabilities | $5.3B | $5.1B | $4.8B | $4.1B | $3.9B | $4.0B | $2.3B | $1.5B | $915M |
| Total Debt (Short + Long-Term) | $3.5B | $3.5B | $3.5B | $3.1B | $3.2B | $3.3B | $1.6B | $1.2B | $0M |
| Total Shareholders' Equity | $2.4B | $2.1B | $1.1B | $1.3B | $1.9B | $2.1B | ($159M) | ($257M) | ($378M) |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive APP viewer.
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