AppLovin Corp (APP) Financial Statements
Industry: Computer Programming, Data Processing, Etc. (Services)
In fiscal 2025, AppLovin reported revenue of $5.48B, up 16.4% from $4.71B the year before. Net income was $3.33B (a 60.8% net margin), or $9.75 per diluted share. Gross margin was 87.9% and operating margin was 75.8%. Operating activities generated $3.97B of cash. At fiscal year end, AppLovin held $7.26B in total assets against $5.12B in total liabilities, including $2.49B of cash and equivalents.
Open the full interactive AppLovin financials → Quarterly statements, key ratios, valuation history and price charts.
AppLovin Key Stats
| Share Price | $272.28 |
|---|---|
| Market Cap | $91.77B |
| P/E Ratio | 27.9 |
| Revenue YoY Growth | +16.4% |
| 52-Week Range | $268.22 – $733.60 |
| Shares Outstanding | 335.8 million (basic, 2026 Q2) |
AppLovin Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.79B | $2.82B | $3.28B | $4.71B | $5.48B |
| Cost of Goods Sold | $2.64B | $2.86B | $2.63B | $2.84B | $1.33B |
| Gross Profit | $1.81B | $1.56B | $2.22B | $3.54B | $4.82B |
| Operating Income | $150.0M | -$47.8M | $648.2M | $1.87B | $4.15B |
| Pre-Tax Income | $46.3M | -$205.2M | $380.6M | $1.58B | $3.95B |
| Income Tax | $11.0M | -$12.2M | $23.9M | -$3.8M | $519.7M |
| Net Income | $35.4M | -$192.7M | $356.7M | $1.58B | $3.33B |
| Diluted EPS | $0.09 | -$0.52 | $0.98 | $4.53 | $9.75 |
AppLovin Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.41B | $1.33B | $1.84B | $1.92B |
| Net Income | $835.5M | $1.10B | $1.21B | $1.27B |
| Diluted EPS | $2.45 | $3.22 | $3.56 | $3.76 |
AppLovin Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.52B | $1.08B | $502.2M | $741.4M | $2.49B |
| Current Assets | $3.24B | $1.94B | $1.62B | $2.31B | $4.43B |
| Total Assets | $6.16B | $5.85B | $5.36B | $5.87B | $7.26B |
| Current Liabilities | $640.1M | $579.0M | $944.1M | $1.06B | $1.33B |
| Total Long-Term Debt | $3.23B | $3.21B | $3.12B | $3.51B | $3.51B |
| Total Liabilities | $4.03B | $3.95B | $4.10B | $4.78B | $5.12B |
| Shareholders' Equity | $2.14B | $1.90B | $1.26B | $1.09B | $2.13B |
AppLovin Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | $361.9M | $412.8M | $1.06B | $2.10B | $3.97B |
| Cash From Investing | -$1.21B | -$1.37B | -$77.8M | -$106.8M | $358.4M |
| Cash From Financing | $3.11B | -$526.8M | -$1.56B | -$1.75B | -$2.59B |
| Free Cash Flow | $360.5M | $412.1M | $1.06B | $2.09B | — |
Figures from AppLovin's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full AppLovin financials page for every line item.
AppLovin Company Profile
| Ticker | APP |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Programming, Data Processing, Etc. (Services) |
| Headquarters | Palo Alto, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001751008 |
Frequently Asked Questions
What was AppLovin's revenue in fiscal 2025?
AppLovin (APP) reported revenue of $5.48B for fiscal 2025.
What is AppLovin's annual revenue history?
AppLovin's annual revenue by fiscal year: 2021: $2.79B; 2022: $2.82B; 2023: $3.28B; 2024: $4.71B; 2025: $5.48B.
What was AppLovin's net income in fiscal 2025?
AppLovin reported net income of $3.33B for fiscal 2025.
What was AppLovin's earnings per share (EPS) in fiscal 2025?
AppLovin's diluted EPS was $9.75 for fiscal 2025 (adjusted for any later stock splits).
What was AppLovin's revenue last quarter?
In its most recent reported quarter (2026 Q2), AppLovin reported revenue of $1.92B.
How much debt does AppLovin have?
AppLovin reported $3.51B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of AppLovin are outstanding?
AppLovin reported a weighted average of 335.8 million basic shares outstanding in 2026 Q2.
What is AppLovin's market cap?
Based on its latest closing price, AppLovin (APP) has a market capitalization of about $91.77B.
When does AppLovin's fiscal year end?
AppLovin's fiscal year end, as registered with the SEC, is December 31.
Where is AppLovin headquartered?
AppLovin lists its business address in Palo Alto, California in its SEC filings.
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