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AppLovin Corporation(APP)Earnings, Financials & Key Ratios
APP•NASDAQ
48.2× P/E·Price updated Jun 19, 2026
AboutAppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.Show more
- Revenue$5.48B+16.4%
- EBITDA$4.35B+87.2%
- Net Income$3.33B+111.0%
- EPS (Diluted)9.75+115.2%
- Gross Margin87.86%+16.8%
- EBITDA Margin79.31%+60.8%
- Operating Margin75.75%+90.4%
- Net Margin60.83%+81.3%
- ROE206.78%+53.5%
APP Key Insights
AppLovin Corporation (APP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 121.3%
- ✓Strong Piotroski F-Score: 8/9
- ✓FCF machine: 71.9% free cash flow margin
- ✓Strong 5Y sales CAGR of 30.4%
- ✓Healthy 5Y average net margin of 19.9%
✗Weaknesses
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 75.2x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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APP Price & Volume
AppLovin Corporation (APP) stock price & volume — 10-year historical chart
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APP Growth Metrics
AppLovin Corporation (APP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years30.45%
3 Years24.84%
TTM40%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM106.4%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM110.11%
Return on Capital
10 Years26.89%
5 Years26.94%
3 Years43.78%
Last Year77.33%
APP Recent Earnings
AppLovin Corporation (APP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$3.56+3.5%
$3.44
Rev
$1.8B+3.9%
$1.8B
Q1 2026
Feb 11, 2026Metric
Actual
Est
EPS
$3.24+9.8%
$2.95
Rev
$1.7B+2.8%
$1.6B
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$2.45+2.9%
$2.38
Rev
$1.4B+4.7%
$1.3B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$2.26+15.3%
$1.96
Rev
$1.3B+2.8%
$1.2B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $3.56vs $3.44+3.5% | $1.8Bvs $1.8B+3.9% |
| Q1 2026 | Feb 11, 2026 | $3.24vs $2.95+9.8% | $1.7Bvs $1.6B+2.8% |
| Q4 2025 | Nov 5, 2025 | $2.45vs $2.38+2.9% | $1.4Bvs $1.3B+4.7% |
| Q3 2025 | Aug 6, 2025 | $2.26vs $1.96+15.3% | $1.3Bvs $1.2B+2.8% |
Based on last 12 quarters of dataView full earnings history →
APP Peer Comparison
AppLovin Corporation (APP) competitors in Marketing automation and ad technology — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MGNI | 2.56B | 17.89 | 18.83 | 6.85% | 21.96% | 18.57% | 0.30 | |
 IAS | 1.74B | 10.34 | 44.96 | 11.75% | 7.91% | 4.43% | 0.06 | |
 DV | 1.59B | 10.33 | 34.43 | 13.92% | 7.16% | 5% | 0.09 | |
 TTD | 8.7B | 18.51 | 20.34 | 18.47% | 14.57% | 16.91% | 0.18 | |
 PUBM | 527.75M | 11.30 | -36.45 | -2.86% | -6.21% | -6.98% | 0.17 | |
 CRTO | 876.26M | 17.44 | 6.58 | 0.6% | 6.01% | 9.9% | 0.13 | |
 GDEV | 230.33M | 12.69 | 3.37 | -3.94% | 17.06% | |||
 MTCH | 8.25B | 35.45 | 14.90 | 0.22% | 18.83% |
Compare APP vs Peers
AppLovin Corporation (APP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
APP Income Statement
AppLovin Corporation (APP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 483.36M | 994.1M | 1.45B | 2.79B | 2.82B | 3.28B | 4.71B | 5.48B | 6.16B |
Revenue Growth % | - | 105.66% | 45.97% | 92.48% | 0.86% | 16.54% | 43.44% | 16.38% | 40% |
Cost of Goods Sold | 53.76M | 241.27M | 555.58M | 988.1M | 1.26B | 1.06B | 1.17B | 665.14M | 717.09M |
COGS % of Revenue | 11.12% | 24.27% | 38.29% | 35.38% | 44.59% | 32.26% | 24.78% | 12.14% | - |
Gross Profit | 429.61M▲ 0% | 752.83M▲ 75.2% | 895.51M▲ 19.0% | 1.81B▲ 101.6% | 1.56B▼ 13.5% | 2.22B▲ 42.5% | 3.54B▲ 59.3% | 4.82B▲ 35.9% | 5.45B▲ 0% |
Gross Margin % | 88.88% | 75.73% | 61.71% | 64.62% | 55.41% | 67.74% | 75.22% | 87.86% | 88.37% |
Gross Profit Growth % | - | 75.24% | 18.95% | 101.56% | -13.52% | 42.47% | 59.29% | 35.94% | - |
Operating Expenses | 187.16M | 558.46M | 957.55M | 1.65B | 1.61B | 1.58B | 1.67B | 663.66M | 695.24M |
OpEx % of Revenue | 38.72% | 56.18% | 65.99% | 59.25% | 57.11% | 47.99% | 35.44% | 12.11% | - |
Selling, General & Admin | 181.65M | 513.49M | 694.23M | 1.29B | 1.1B | 983.3M | 1.03B | 437.15M | 431.03M |
SG&A % of Revenue | 37.58% | 51.65% | 47.84% | 46.13% | 39.09% | 29.95% | 21.88% | 7.98% | - |
Research & Development | 16.27M | 44.97M | 180.65M | 366.4M | 507.61M | 592.39M | 638.69M | 226.51M | 264.21M |
R&D % of Revenue | 3.37% | 4.52% | 12.45% | 13.12% | 18.02% | 18.04% | 13.56% | 4.13% | - |
Other Operating Expenses | -10.76M | 0 | 82.67M | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income | 242.44M▲ 0% | 194.37M▼ 19.8% | -62.04M▼ 131.9% | 150.02M▲ 341.8% | -47.79M▼ 131.9% | 648.21M▲ 1456.3% | 1.87B▲ 189.0% | 4.15B▲ 121.6% | 4.75B▲ 0% |
Operating Margin % | 50.16% | 19.55% | -4.28% | 5.37% | -1.7% | 19.74% | 39.78% | 75.75% | 77.09% |
Operating Income Growth % | - | -19.83% | -131.92% | 341.8% | -131.86% | 1456.34% | 189.02% | 121.62% | - |
EBITDA | 258.51M | 287.18M | 192.91M | 581.08M | 499.29M | 1.14B | 2.32B | 4.35B | 4.82B |
EBITDA Margin % | 53.48% | 28.89% | 13.29% | 20.8% | 17.72% | 34.64% | 49.31% | 79.31% | 78.26% |
EBITDA Growth % | - | 11.09% | -32.83% | 201.22% | -14.07% | 127.77% | 104.2% | 87.18% | 85.11% |
D&A (Non-Cash Add-back) | 16.06M | 92.81M | 254.95M | 431.06M | 547.08M | 489.01M | 448.68M | 194.78M | 114.89M |
EBIT | 231.68M | 200.19M | -57.83M | 149.48M | -33.31M | 656.24M | 1.89B | 4.16B | 4.71B |
Net Interest Income | 60M | -73.95M | -77.87M | -103.17M | -171.86M | -275.67M | -318.26M | -207.02M | -205.29M |
Interest Income | 60M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 0 | 73.95M | 77.87M | 103.17M | 171.86M | 275.67M | 318.26M | 207.02M | 205.29M |
Other Income/Expense | -482.7M | -68.14M | -73.66M | -103.7M | -157.39M | -267.64M | -297.45M | -199M | -162.15M |
Pretax Income | -240.26M▲ 0% | 126.23M▲ 152.5% | -135.71M▼ 207.5% | 46.31M▲ 134.1% | -205.18M▼ 543.0% | 380.57M▲ 285.5% | 1.58B▲ 314.1% | 3.95B▲ 150.8% | 4.59B▲ 0% |
Pretax Margin % | -49.71% | 12.7% | -9.35% | 1.66% | -7.28% | 11.59% | 33.47% | 72.12% | 74.46% |
Income Tax | 19.74M | 7.19M | -9.77M | 10.97M | -12.23M | 23.86M | -3.77M | 519.72M | 674.44M |
Effective Tax Rate % | -8.21% | 5.7% | 7.2% | 23.69% | 5.96% | 6.27% | -0.24% | 13.15% | 14.69% |
Net Income | -260M▲ 0% | 119.04M▲ 145.8% | -125.19M▼ 205.2% | 35.45M▲ 128.3% | -192.75M▼ 643.8% | 356.71M▲ 285.1% | 1.58B▲ 342.9% | 3.33B▲ 111.0% | 3.96B▲ 0% |
Net Margin % | -53.79% | 11.97% | -8.63% | 1.27% | -6.84% | 10.87% | 33.55% | 60.83% | 64.29% |
Net Income Growth % | - | 145.79% | -205.16% | 128.31% | -643.77% | 285.07% | 342.87% | 111.03% | 106.4% |
Net Income (Continuing) | -260M | 119.04M | -125.93M | 35.34M | -192.95M | 356.71M | 1.58B | 3.43B | 3.92B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -99.44M | 1000K |
Minority Interest | 0 | 0 | 309K | 201K | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -1.37▲ 0% | 0.36▲ 126.3% | -0.58▼ 261.1% | 0.09▲ 116.0% | -0.52▼ 659.1% | 0.98▲ 288.5% | 4.53▲ 362.2% | 9.75▲ 115.2% | 11.70▲ 0% |
EPS Growth % | - | 126.28% | -261.11% | 116.03% | -659.14% | 288.46% | 362.24% | 115.23% | 110.11% |
EPS (Basic) | -1.37 | 0.36 | -0.58 | 0.10 | -0.52 | 1.01 | 4.68 | 9.84 | - |
Diluted Shares Outstanding | 189.53M | 212.37M | 214.94M | 342.76M | 371.57M | 362.59M | 347.81M | 341.97M | 338.73M |
Basic Shares Outstanding | 189.53M | 212.37M | 214.94M | 324.84M | 371.57M | 351.95M | 336.92M | 338.78M | 337.4M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
APP Balance Sheet
AppLovin Corporation (APP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 407.55M | 586.22M | 662.99M | 3.24B | 1.94B | 1.62B | 2.31B | 4.43B | 4.85B |
Cash & Short-Term Investments | 276.12M | 396.25M | 317.24M | 1.52B | 1.08B | 502.15M | 741.41M | 2.49B | 2.76B |
Cash Only | 276.12M | 396.25M | 317.24M | 1.52B | 1.08B | 502.15M | 741.41M | 2.49B | 2.76B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 122.46M | 161.35M | 296.96M | 514.52M | 702.81M | 953.81M | 1.41B | 1.82B | 1.96B |
Days Sales Outstanding | 92.47 | 59.24 | 74.7 | 67.24 | 91.06 | 106.04 | 109.61 | 121.16 | 103.08 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
Other Current Assets | 1.7M | 0 | 0 | 1.05B | 155.78M | 160.2M | 156.53M | 124.33M | 130.88M |
Total Non-Current Assets | 129.31M | 616.26M | 1.49B | 2.93B | 3.91B | 3.74B | 3.56B | 2.83B | 2.86B |
Property, Plant & Equipment | 8.53M | 22.8M | 112.92M | 134.58M | 138.92M | 221.54M | 198.6M | 147.9M | 114.82M |
Fixed Asset Turnover | 56.69x | 43.61x | 12.85x | 20.75x | 20.28x | 14.82x | 23.71x | 37.06x | 47.13x |
Goodwill | 98.64M | 137.12M | 249.77M | 966.43M | 1.82B | 1.84B | 1.8B | 1.54B | 1.52B |
Intangible Assets | 13.25M | 440.9M | 1.09B | 1.71B | 1.68B | 1.29B | 896.68M | 396.71M | 369M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 287.67M | 576.34M |
Other Non-Current Assets | 8.89M | 15.44M | 42.57M | 118.16M | 268.43M | 386M | 658.37M | 456.55M | 564.6M |
Total Assets | 536.86M▲ 0% | 1.2B▲ 124.0% | 2.15B▲ 79.2% | 6.16B▲ 186.1% | 5.85B▼ 5.1% | 5.36B▼ 8.4% | 5.87B▲ 9.5% | 7.26B▲ 23.7% | 7.71B▲ 0% |
Asset Turnover | 0.90x | 0.83x | 0.67x | 0.45x | 0.48x | 0.61x | 0.80x | 0.75x | 0.90x |
Asset Growth % | - | 123.99% | 79.18% | 186.07% | -5.12% | -8.36% | 9.52% | 23.69% | 88.39% |
Total Current Liabilities | 113.88M | 238.88M | 598.05M | 640.1M | 578.96M | 944.12M | 1.06B | 1.33B | 1.49B |
Accounts Payable | 59.53M | 70.52M | 147.28M | 258.22M | 273.2M | 371.7M | 563.43M | 746.98M | 697.52M |
Days Payables Outstanding | 404.17 | 106.69 | 96.76 | 95.39 | 79.39 | 128.09 | 176.25 | 409.91 | 319.99 |
Short-Term Debt | 0 | 12.21M | 15.21M | 25.81M | 33.31M | 215M | 0 | 0 | 0 |
Deferred Revenue (Current) | 0 | 8.2M | 86.89M | 78.93M | 64.02M | 78.56M | 69.84M | 47.68M | 138.41M |
Other Current Liabilities | 41.95M | 108.14M | 270.49M | 157.84M | 70.6M | 48.26M | 64.64M | 18.34M | 0 |
Current Ratio | 3.58x | 2.45x | 1.11x | 5.05x | 3.35x | 1.71x | 2.19x | 3.32x | 3.24x |
Quick Ratio | 3.58x | 2.45x | 1.11x | 5.05x | 3.35x | 1.71x | 2.19x | 3.32x | 3.24x |
Cash Conversion Cycle | - | - | - | - | - | - | - | - | -216.91 |
Total Non-Current Liabilities | 801.33M | 1.22B | 1.71B | 3.39B | 3.37B | 3.16B | 3.72B | 3.79B | 3.85B |
Long-Term Debt | 796.09M | 1.17B | 1.58B | 3.2B | 3.18B | 2.91B | 3.51B | 3.51B | 3.51B |
Capital Lease Obligations | 0 | 12.74M | 71.75M | 62.5M | 54.15M | 42.91M | 32.61M | 17.81M | 17.81M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 5.24M | 39.06M | 59.03M | 120.86M | 133.65M | 209.93M | 180.38M | 260.35M | 335.82M |
Total Liabilities | 915.21M | 1.46B | 2.31B | 4.03B | 3.95B | 4.1B | 4.78B | 5.12B | 5.34B |
Total Debt | 796.09M | 1.2B | 1.7B | 3.33B | 3.28B | 3.18B | 3.56B | 3.54B | 3.51B |
Net Debt | 519.97M | 799.59M | 1.38B | 1.81B | 2.2B | 2.68B | 2.81B | 1.06B | 755.35M |
Debt / Equity | - | - | - | 1.56x | 1.72x | 2.53x | 3.26x | 1.66x | 1.49x |
Debt / EBITDA | 3.08x | 4.16x | 8.79x | 5.73x | 6.57x | 2.79x | 1.53x | 0.82x | 0.73x |
Net Debt / EBITDA | 2.01x | 2.78x | 7.15x | 3.11x | 4.41x | 2.35x | 1.21x | 0.24x | 0.16x |
Interest Coverage | - | 2.71x | -0.74x | 1.45x | -0.19x | 2.38x | 5.95x | 20.09x | 22.94x |
Total Equity | -378.36M▲ 0% | -256.57M▲ 32.2% | -158.24M▲ 38.3% | 2.14B▲ 1451.3% | 1.9B▼ 11.0% | 1.26B▼ 34.0% | 1.09B▼ 13.3% | 2.13B▲ 95.9% | 2.36B▲ 0% |
Equity Growth % | - | 32.19% | 38.33% | 1451.33% | -11.02% | -33.97% | -13.25% | 95.87% | 506.95% |
Book Value per Share | -2.00 | -1.21 | -0.74 | 6.24 | 5.12 | 3.46 | 3.13 | 6.24 | 6.98 |
Total Shareholders' Equity | -378.36M | -256.57M | -158.54M | 2.14B | 1.9B | 1.26B | 1.09B | 2.13B | 2.36B |
Common Stock | 5K | 7K | 7K | 11K | 11K | 11K | 11K | 11K | 11K |
Retained Earnings | -1.01B | -887.21M | -1.01B | -976.95M | -1.17B | -812.99M | 599.2M | 1.74B | 1.93B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -2.62M | -4.14M | 604K | -45.45M | -83.38M | -65.27M | -103.1M | -46.99M | -67.77M |
Minority Interest | 0 | 0 | 309K | 201K | 0 | 0 | 0 | 0 | 0 |
APP Cash Flow Statement
AppLovin Corporation (APP) cash flow — operating, investing & free cash flow history
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 139.03M | 198.46M | 222.88M | 361.85M | 412.77M | 1.06B | 2.1B | 3.97B | 4.43B |
Operating CF Margin % | 28.76% | 19.96% | 15.36% | 12.96% | 14.65% | 32.33% | 44.57% | 72.46% | - |
Operating CF Growth % | - | 42.75% | 12.31% | 62.35% | 14.07% | 157.17% | 97.74% | 89.19% | 303.86% |
Net Income | -260M | 119.04M | -125.93M | 35.34M | -192.95M | 356.71M | 1.58B | 3.43B | 3.96B |
Depreciation & Amortization | 16.06M | 92.81M | 254.95M | 431.06M | 547.08M | 489.01M | 448.68M | 194.78M | 148.56M |
Stock-Based Compensation | 5.46M | 10.22M | 62.39M | 133.18M | 191.61M | 363.11M | 369.37M | 210.42M | 232.51M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 396.38M | 7.59M | 98.52M | 46.57M | 159.46M | 61.36M | 50.73M | 54.78M | -59.28M |
Working Capital Changes | -18.88M | -31.2M | -67.04M | -284.3M | -292.44M | -208.67M | -349.54M | 77.92M | 146.05M |
Change in Receivables | -30.19M | -33.52M | -113.23M | -201.95M | -174.83M | -261.28M | -467.03M | -542.22M | -512.93M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 0 | 13.53M | 49.12M | 98.61M | 3.48M | 98.57M | 189.59M | 232.49M | 150.38M |
Cash from Investing | -67.17M | -411.55M | -679.89M | -1.21B | -1.37B | -77.83M | -106.75M | 402.81M | 375.85M |
Capital Expenditures | -1.4M | -3.36M | -3.24M | -1.39M | -662K | -4.25M | -4.78M | -28.32M | -28.32M |
CapEx % of Revenue | 0.29% | 0.34% | 0.22% | 0.05% | 0.02% | 0.13% | 0.1% | 0.52% | 0.46% |
Acquisitions | -65.94M | -404.2M | -674.65M | -1.21B | -1.35B | -63.9M | -25.55M | 407.3M | 0 |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 173K | 0 | 0 | 12.01M | 41.31M | 8.25M | 558K | 44.01M | 405.66M |
Cash from Financing | 1.64M | 333.16M | 377.86M | 3.11B | -526.85M | -1.56B | -1.75B | -2.59B | -2.6B |
Debt Issued (Net) | -397.87M | 371.99M | 407.27M | 1.6B | -49.89M | -122.88M | 368.74M | -20.51M | -420.51M |
Equity Issued (Net) | 0 | -11K | 7.55M | 1.75B | -338.88M | -1.15B | -981.3M | -2.17B | -2.15B |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -11K | -1.77M | 0 | -338.88M | -1.15B | -981.3M | -2.19B | -2.17B |
Other Financing | 399.51M | -38.82M | -36.97M | -232.95M | -138.07M | -286.31M | -1.14B | -405.94M | -29.82M |
Net Change in Cash | 73.54M▲ 0% | 120.13M▲ 63.4% | -79.01M▼ 165.8% | 2.25B▲ 2951.8% | -1.49B▼ 166.1% | -578.33M▲ 61.2% | 239.26M▲ 141.4% | 1.75B▲ 629.6% | 2.21B▲ 0% |
Free Cash Flow | 137.63M▲ 0% | 195.1M▲ 41.8% | 219.64M▲ 12.6% | 360.46M▲ 64.1% | 412.11M▲ 14.3% | 1.06B▲ 156.5% | 2.09B▲ 98.1% | 3.94B▲ 88.3% | 4.4B▲ 0% |
FCF Margin % | 28.47% | 19.63% | 15.14% | 12.91% | 14.63% | 32.2% | 44.47% | 71.94% | 71.42% |
FCF Growth % | - | 41.76% | 12.58% | 64.11% | 14.33% | 156.55% | 98.08% | 88.27% | 74.01% |
FCF per Share | 0.73 | 0.92 | 1.02 | 1.05 | 1.11 | 2.92 | 6.02 | 11.53 | 13.00 |
FCF Conversion (FCF/Net Income) | -0.53x | 1.67x | -1.78x | 10.21x | -2.14x | 2.98x | 1.33x | 1.19x | 1.11x |
Interest Paid | 0 | 62.28M | 59.36M | 76.69M | 165.96M | 248.83M | 270.62M | 198.79M | 196.4M |
Taxes Paid | 0 | 30.47M | 12.67M | 90.62M | 86.26M | 75.43M | 67.33M | 194.84M | 189.25M |
APP Key Ratios
AppLovin Corporation (APP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | - | 3.58% | -9.54% | 22.58% | 134.67% | 206.78% | 222.04% |
Return on Invested Capital (ROIC) | 42.59% | -5.28% | 4.35% | -0.89% | 12.1% | 35.86% | 87.75% | 108.69% |
Gross Margin | 75.73% | 61.71% | 64.62% | 55.41% | 67.74% | 75.22% | 87.86% | 88.37% |
Net Margin | 11.97% | -8.63% | 1.27% | -6.84% | 10.87% | 33.55% | 60.83% | 64.29% |
Debt / Equity | - | - | 1.56x | 1.72x | 2.53x | 3.26x | 1.66x | 1.49x |
Interest Coverage | 2.71x | -0.74x | 1.45x | -0.19x | 2.38x | 5.95x | 20.09x | 22.94x |
FCF Conversion | 1.67x | -1.78x | 10.21x | -2.14x | 2.98x | 1.33x | 1.19x | 1.11x |
Revenue Growth | 105.66% | 45.97% | 92.48% | 0.86% | 16.54% | 43.44% | 16.38% | 40% |
Related:APP Dividend History·APP Revenue History·APP Price History·APP P/E History·APP Financial Ratios·APP Institutional Holders
APP SEC Filings & Documents
AppLovin Corporation (APP) SEC filings — annual & quarterly reports (10-K, 10-Q)
APP Frequently Asked Questions
AppLovin Corporation (APP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
AppLovin Corporation (APP) reported $6.16B in revenue for fiscal year 2025. This represents a 1175% increase from $483.4M in 2018.
AppLovin Corporation (APP) grew revenue by 16.4% over the past year. This is strong growth.
Yes, AppLovin Corporation (APP) is profitable, generating $3.96B in net income for fiscal year 2025 (60.8% net margin).
Dividend & Returns
AppLovin Corporation (APP) has a return on equity (ROE) of 206.8%. This is excellent, indicating efficient use of shareholder capital.
AppLovin Corporation (APP) generated $4.40B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.