AppLovin Corporation (APP)

AppLovin Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	6,829	5,481	3,224	1,842	2,817	2,793
Revenue Growth	60.59%	69.99%	75.05%	-34.62%	0.86%	92.48%
Gross Profit Gross Profit Growth	6,041	4,816	2,703	1,485	1,561	1,805
Operating Income Operating Income Growth	5,288	4,152	1,911	772.41	-19.51	166.67
Net Income Net Income Growth	4,410	3,333	1,577	354.44	-192.75	31.7
Earnings Per Share EPS Growth	13.01	9.75	4.53	0.98	-0.52	0.09
EPS Growth	85.01%	114.96%	363.79%	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Software Platform Software Platform Growth	6,829	5,481	3,224	1,842	1,049	673.95
In-App Purchases In-App Purchases Growth	-	-	1,003	989.01	1,179	1,459
In-App Advertising In-App Advertising Growth	-	-	482.53	452.32	588.76	660.56
Revenue (Total) Revenue (Total) Growth	6,829	5,481	3,224	1,842	2,817	2,793

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	3,053	2,487	697.03	502.15	1,088	1,523
Total Debt Total Debt Growth	3,515	3,667	3,555	3,177	3,356	3,364
Net Cash (Debt) Net Cash Growth	-461.77	-1,180	-2,858	-2,675	-2,269	-1,841
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-1.36	-3.45	-8.22	-7.38	-6.11	-5.37

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	4,528	4,015	2,099	1,062	412.77	361.85
Capital Expenditures CapEx Growth	-	-	-	-	-0.66	-1.39
Free Cash Flow Free Cash Flow Growth	4,528	4,015	2,099	1,062	412.11	360.46
Free Cash Flow Growth	56.12%	91.30%	97.74%	157.58%	14.33%	64.11%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	88.46%	87.86%	83.85%	80.64%	55.41%	64.62%
Operating Margin	77.44%	75.75%	59.27%	41.94%	-0.69%	5.97%
Pretax Margin	76.31%	72.12%	50.00%	27.23%	-7.28%	1.66%
Profit Margin	64.57%	60.82%	48.91%	19.25%	-6.84%	1.14%
FCF Margin	66.30%	73.27%	65.11%	57.64%	14.63%	12.90%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	18.88	68.32	68.91	37.75	-	1112.64
Forward PE	13.82	50.39	58.54	28.37	41.87	57.55
P/FCF Ratio	18.15	56.71	51.77	12.61	9.50	97.86
PS Ratio	12.03	41.55	33.71	7.27	1.39	12.63

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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