AppLovin Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	6,164	5,481	3,224	1,842	2,817	2,793
Revenue Growth (YoY)	51.16%	69.99%	75.05%	-34.62%	0.86%	92.48%
Cost of Revenue	717.09	665.14	520.61	356.61	1,256	988.1
Gross Profit	5,447	4,816	2,703	1,485	1,561	1,805
Selling, General & Admin	431.03	437.15	417.78	378.96	1,101	1,289
Research & Development	264.21	226.51	374.71	333.78	507.61	366.4
Total Operating Expenses	695.24	663.66	792.49	712.74	1,609	1,655
Operating Income	4,752	4,152	1,911	772.41	-47.79	150.02
Interest Expense	-102.71	207.02	317.21	273.51	-171.86	-103.17
Other Non-Operating Income (Expense)	43.13	8.01	18.2	2.7	14.48	-0.54
Total Non-Operating Income (Expense)	-110.86	215.03	335.41	276.21	-157.39	-103.71
Pretax Income	4,590	3,953	1,612	501.6	-205.18	46.31
Provision for Income Taxes	674.44	519.72	22.42	43.78	-12.23	10.97
Net Income	4,011	3,234	1,570	255.6	-192.95	35.34
Minority Interest in Earnings	-	-	-	-	-0.2	-0.11
Net Income Attributable to Preferred Dividends	-	-	-	-	-	3.74
Earnings From Discontinued Operations	47.68	-99.44	-9.75	-101.12	-	-
Net Income to Common	4,011	3,234	1,570	255.6	-192.95	35.34
Net Income Growth	124.52%	106.00%	514.26%	-	-	-
Shares Outstanding (Basic)	338	339	337	352	372	325
Shares Outstanding (Diluted)	340	342	348	363	372	343
Shares Change (YoY)	-1.85%	-1.68%	-4.08%	-2.42%	8.40%	59.47%
EPS (Basic)	11.72	9.84	4.68	1.01	-0.52	0.10
EPS (Diluted)	11.64	9.75	4.53	0.98	-0.52	0.09
EPS Growth	110.11%	115.23%	362.25%	-	-	-
Shares Outstanding	336.3	338.31	340.04	335.8	371.69	374.22
Free Cash Flow	4,431	3,971	2,099	1,062	412.11	360.46
Free Cash Flow Growth	11.58%	89.19%	97.74%	157.58%	14.33%	64.11%
Free Cash Flow Per Share	13.01	11.61	6.03	2.93	1.11	1.05
Gross Margin	88.37%	87.86%	83.85%	80.64%	55.41%	64.62%
Operating Margin	77.09%	75.75%	59.27%	41.94%	-1.70%	5.37%
Profit Margin	64.29%	60.83%	49.00%	19.37%	-6.85%	1.27%
FCF Margin	71.88%	72.46%	65.10%	57.64%	14.63%	12.91%
EBITDA	4,900	4,347	2,360	1,261	499.29	581.08
EBITDA Margin	79.50%	79.31%	73.19%	68.49%	17.72%	20.80%
EBIT	4,752	4,152	1,911	772.41	-47.79	150.02
EBIT Margin	77.09%	75.75%	59.27%	41.94%	-1.70%	5.37%
Effective Tax Rate	14.69%	13.15%	1.39%	8.73%	5.96%	23.69%

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q