AppLovin Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,481	3,224	1,842	2,817	2,793
Revenue Growth (YoY)	69.99%	75.05%	-34.62%	0.86%	92.48%
Cost of Revenue	665.14	520.61	356.61	1,256	988.1
Gross Profit	4,816	2,703	1,485	1,561	1,805
Selling, General & Admin	437.15	417.78	378.96	1,101	1,289
Research & Development	226.51	374.71	333.78	507.61	366.4
Operating Income	4,152	1,911	772.41	-47.79	150.02
Interest Income	-	-	-	171.86	103.17
Interest Expense	207.02	317.21	273.51	-	-
Other Non-Operating Income (Expense)	8.01	18.2	2.7	14.48	-0.54
Total Non-Operating Income (Expense)	215.03	335.41	276.21	186.34	102.64
Pretax Income	3,953	1,612	501.6	-205.18	46.31
Provision for Income Taxes	519.72	22.42	43.78	-12.23	10.97
Net Income	3,234	1,570	255.6	-192.75	35.45
Minority Interest in Earnings	-	-	-	-0.2	-0.11
Net Income Attributable to Preferred Dividends	-	-	-	-	3.74
Earnings From Discontinued Operations	-99.44	-9.75	-101.12	-	-
Net Income to Common	3,234	1,570	255.6	-192.75	35.45
Net Income Growth	106.00%	514.26%	-	-	-
Shares Outstanding (Basic)	339	337	352	372	325
Shares Outstanding (Diluted)	342	348	363	372	343
Shares Change (YoY)	-1.68%	-4.08%	-2.42%	8.40%	59.47%
EPS (Basic)	9.84	4.68	1.01	-0.52	0.10
EPS (Diluted)	9.75	4.53	0.98	-0.52	0.09
EPS Growth	115.23%	362.25%	-	-	-
Free Cash Flow	3,971	2,099	1,062	412.11	360.46
Free Cash Flow Growth	89.19%	97.74%	157.58%	14.33%	64.11%
Free Cash Flow Per Share	11.61	6.03	2.93	1.11	1.05
Gross Margin	87.86%	83.85%	80.64%	55.41%	64.62%
Operating Margin	75.75%	59.27%	41.94%	-1.70%	5.37%
Profit Margin	60.83%	49.00%	19.37%	-6.85%	1.27%
FCF Margin	72.46%	65.10%	57.64%	14.63%	12.91%
EBITDA	4,347	2,360	1,261	499.29	581.08
EBITDA Margin	79.31%	73.19%	68.49%	17.72%	20.80%
EBIT	4,152	1,911	772.41	-47.79	150.02
EBIT Margin	75.75%	59.27%	41.94%	-1.70%	5.37%
Effective Tax Rate	13.15%	1.39%	8.73%	5.96%	23.69%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.