AppLovin Corporation (APP)

NASDAQ: APP · Real-Time Price · USD

313.58

-5.47 (-1.71%)

At close: Sep 3, 2026, 4:00 PM EDT

314.16

+0.58 (0.18%)

Pre-market: Sep 4, 2026, 4:30 AM EDT

AppLovin Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	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	6,041	4,816	2,703	1,485	1,561	1,805
Operating Income	5,288	4,152	1,911	772.41	-19.51	166.67
Net Income	4,410	3,333	1,577	354.44	-192.75	31.7
Earnings Per Share	13.01	9.75	4.53	0.98	-0.52	0.09
EPS Growth	85.01%	114.96%	363.79%	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Software Platform	6,829	5,481	3,224	1,842	1,049	673.95
In-App Purchases	-	-	1,003	989.01	1,179	1,459
In-App Advertising	-	-	482.53	452.32	588.76	660.56
Revenue (Total)	6,829	5,481	3,224	1,842	2,817	2,793

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Investments	3,053	2,487	697.03	502.15	1,088	1,523
Total Debt	3,515	3,667	3,555	3,177	3,356	3,364
Net Cash (Debt)	-461.77	-1,180	-2,858	-2,675	-2,269	-1,841
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.36	-3.45	-8.22	-7.38	-6.11	-5.37

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Operating Cash Flow	4,528	4,015	2,099	1,062	412.77	361.85
Capital Expenditures	-	-	-	-	-0.66	-1.39
Free Cash Flow	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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 4, 2026	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
PE Ratio	24.11	68.32	68.91	37.75	-	1112.64
Forward PE	17.33	50.39	58.54	28.37	41.87	57.55
P/FCF Ratio	23.18	56.71	51.77	12.61	9.50	97.86
PS Ratio	15.37	41.55	33.71	7.27	1.39	12.63