Technology · Packaged Software
AppLovin Corp
NASDAQAPP
ISINUS03831W1080 SEC CIK0001751008 Listed on NASDAQ · USD
$402.50 -2.27 (-0.56%) Pre-market $399.95 (-1.19%) ≈ ₹37,775 a share
Price, last 12 months-34.71% in a year
Key numbers
- Market value
- $133.36B
- P/E (TTM)
- 27.1
- Forward P/E
- 22.0
- EPS (TTM)
- $14.86
- Dividend yield
- —
- Beta
- 2.47
- Day range
- $398.45 – $407.79
- 52-week range
- $225.19 – $738.01
- Volume
- 570,718
- 10-day avg volume
- $8.92M
- Revenue (TTM)
- $7.61B
- EBITDA (TTM)
- $6.08B
- Gross margin
- 88.8%
- Net margin
- 65.9%
- Return on equity
- 210.1%
- Debt / equity
- 106.6%
- Price / sales
- 17.53
- Shares out
- 331.32M
52W low52W high
Quarterly results
Results for each quarter
Last 12 quarters from 10-Q and 10-K filings with the US SEC. Q4 = full year minus the first three quarters. Hover a bar to see the number.
Revenue and net income
Dec 23
Mar 24
Jun 24
Sep 24
Dec 24
Mar 25
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26
Sep 26
Revenue · QoQ (vs last quarter)
—+317%-33%+17%-26%+87%+8.6%+12%+18%+11%+4.4%+14%
Revenue · YoY (vs a year ago)
————+227%+9.5%+77%+68%+168%+59%+53%+55%
Net income · QoQ (vs last quarter)
—+37%+31%+40%+38%-3.8%+42%+2.0%+32%+9.4%+5.1%+14%
Net income · YoY (vs a year ago)
————+248%+144%+164%+92%+84%+109%+55%+72%
RevenueOperating incomeNet incomeLine = trend
| US$ | Dec 23 | Mar 24 | Jun 24 | Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $-488.06M | $1.06B | $711.02M | $835.19M | $619.74M | $1.16B | $1.26B | $1.41B | $1.66B | $1.84B | $1.92B | $2.18B |
| Cost of revenue | $-428.97M | $294.15M | $121.76M | $120.92M | $-16.21M | $151.68M | $155.08M | $174.86M | $183.53M | $203.63M | $225.80M | $240.77M |
| Gross profit | $-59.09M | $763.97M | $589.26M | $714.27M | $635.96M | $1.01B | $1.10B | $1.23B | $1.47B | $1.64B | $1.70B | $1.94B |
| Gross margin | 12.1% | 72.2% | 82.9% | 85.5% | 102.6% | 86.9% | 87.7% | 87.6% | 88.9% | 88.9% | 88.3% | 89.0% |
| Research & development | $-107.78M | $155.32M | $99.12M | $80.78M | $39.49M | $56.41M | $44.03M | $43.85M | $82.22M | $94.10M | $99.90M | $101.82M |
| Operating income | $393.72M | $339.56M | $384.42M | $534.30M | $652.68M | $839.98M | $957.68M | $1.08B | $1.28B | $1.44B | $1.49B | $1.71B |
| Operating margin | -80.7% | 32.1% | 54.1% | 64.0% | 105.3% | 72.5% | 76.1% | 76.8% | 76.9% | 78.2% | 77.7% | 78.2% |
| Interest expense | — | $74.18M | $74.42M | $74.94M | — | $52.89M | $51.41M | $51.43M | — | $51.16M | $51.16M | $51.07M |
| Pre-tax income | $299.93M | $267.95M | $317.88M | $467.73M | $558.39M | $794.61M | $884.00M | $1.02B | $1.25B | $1.43B | $1.51B | $1.74B |
| Income tax | $26.58M | $31.76M | $16.89M | $34.66M | $-60.89M | $71.07M | $112.15M | $185.40M | $151.10M | $225.80M | $238.99M | $305.03M |
| Net income | $172.23M | $236.18M | $309.97M | $434.42M | $599.20M | $576.42M | $819.53M | $835.55M | $1.10B | $1.21B | $1.27B | $1.44B |
| Net margin | -35.3% | 22.3% | 43.6% | 52.0% | 96.7% | 49.7% | 65.1% | 59.5% | 66.5% | 65.4% | 65.8% | 65.9% |
| EPS (diluted) | — | $0.67 | $0.89 | $1.25 | — | $1.67 | $2.39 | $2.45 | — | $3.56 | $3.76 | $4.30 |
Income statement
Results for each year
7 fiscal years from the company's 10-K filings with the US SEC.
Revenue, gross profit and net income
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Revenue · YoY (vs a year ago)
—+46%+92%+0.9%-35%+75%+70%
Net income · YoY (vs a year ago)
—-205%+128%-644%+285%+343%+111%
RevenueGross profitNet incomeLine = trend
FY19
FY20
FY21
FY22
FY23
FY24
FY25
EPS (diluted) · YoY (vs a year ago)
—-261%+116%-678%+288%+362%+115%
EPS (diluted)Line = trend
| US$ | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Revenue | $994.10M | $1.45B | $2.79B | $2.82B | $1.84B | $3.22B | $5.48B |
| Revenue growth | — | 46.0% | 92.5% | 0.9% | -34.6% | 75.1% | 70.0% |
| Cost of revenue | $241.27M | $555.58M | $988.10M | $1.26B | $356.61M | $520.61M | $665.14M |
| Gross profit | $752.83M | $895.51M | $1.81B | $1.56B | $1.49B | $2.70B | $4.82B |
| Gross margin | 75.7% | 61.7% | 64.6% | 55.4% | 80.6% | 83.9% | 87.9% |
| Research & development | $44.97M | $180.65M | $366.40M | $507.61M | $333.78M | $374.71M | $226.51M |
| Operating income | $194.37M | $-62.04M | $150.02M | $-47.79M | $772.41M | $1.91B | $4.15B |
| Operating margin | 19.6% | -4.3% | 5.4% | -1.7% | 41.9% | 59.3% | 75.8% |
| Depreciation & amortisation | $92.81M | $254.95M | $431.06M | $547.08M | $489.01M | $448.68M | $194.78M |
| Pre-tax income | $126.23M | $-135.71M | $46.31M | $-205.18M | $501.60M | $1.61B | $3.95B |
| Income tax | $7.19M | $-9.77M | $10.97M | $-12.23M | $43.78M | $22.42M | $519.72M |
| Tax rate | 5.7% | — | 23.7% | — | 8.7% | 1.4% | 13.1% |
| Net income | $119.04M | $-125.19M | $35.45M | $-192.75M | $356.71M | $1.58B | $3.33B |
| Net margin | 12.0% | -8.6% | 1.3% | -6.8% | 19.4% | 49.0% | 60.8% |
| EPS (diluted) | $0.36 | $-0.58 | $0.09 | $-0.52 | $0.98 | $4.53 | $9.75 |
Balance sheet
Assets and debt
At each fiscal year end.
Equity, debt and cash
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Shareholders' equity · YoY (vs a year ago)
—+38%+1,449%-11%-34%-13%+96%
Shareholders' equityTotal debtCash + short-term investmentsLine = trend
| US$ | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $396.25M | $317.24M | $1.52B | $1.08B | $502.15M | $697.03M | $2.49B |
| Current assets | — | $662.99M | $3.24B | $1.94B | $1.62B | $2.31B | $4.43B |
| Total assets | — | $2.15B | $6.16B | $5.85B | $5.36B | $5.87B | $7.26B |
| Current liabilities | — | $598.05M | $640.10M | $578.96M | $944.12M | $1.06B | $1.33B |
| Long-term debt | — | $1.58B | $3.20B | $3.18B | $2.91B | $3.51B | $3.51B |
| Short-term debt | — | — | $25.81M | $33.31M | $215.00M | $0 | — |
| Total debt | — | $1.58B | $3.23B | $3.21B | $3.12B | $3.51B | $3.51B |
| Total liabilities | — | $2.31B | $4.03B | $3.95B | $4.10B | $4.78B | $5.12B |
| Shareholders' equity | $-256.57M | $-158.55M | $2.14B | $1.90B | $1.26B | $1.09B | $2.13B |
| Current ratio | — | 1.11 | 5.05 | 3.35 | 1.71 | 2.19 | 3.32 |
| Debt / equity | — | — | 1.51 | 1.69 | 2.48 | 3.22 | 1.65 |
| Return on equity | — | — | 1.7% | -10.1% | 28.4% | 145.0% | 156.2% |
Cash flow
Cash coming in and going out
Free cash flow = cash from operations minus capital spending. Shareholder returns = dividends + buybacks.
Free cash flow and shareholder returns
FY19
FY20
FY21
FY22
FY23
FY24
FY25
Operating cash flow · YoY (vs a year ago)
—+12%+62%+14%+157%+98%+89%
Free cash flow · YoY (vs a year ago)
—+13%+64%+14%+157%+98%+90%
Operating cash flowFree cash flowDividends + buybacksLine = trend
| US$ | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $198.46M | $222.88M | $361.85M | $412.77M | $1.06B | $2.10B | $3.97B |
| Capital spending | $-3.36M | $-3.24M | $-1.39M | $-662.00K | $-4.25M | $-4.78M | — |
| Free cash flow | $195.10M | $219.64M | $360.46M | $412.11M | $1.06B | $2.09B | $3.97B |
| FCF margin | 19.6% | 15.1% | 12.9% | 14.6% | 57.4% | 65.0% | 72.5% |
| Stock-based pay | $10.22M | $62.39M | $133.18M | $191.61M | $363.11M | $369.37M | $210.42M |
| Cash from investing | $-411.55M | $-679.89M | $-1.21B | $-1.37B | $-77.83M | $-106.75M | $358.43M |
| Cash from financing | $333.16M | $377.86M | $3.11B | $-526.85M | $-1.56B | $-1.75B | $-2.59B |
| Share buybacks | $-11.00K | $-1.77M | $0 | $-338.88M | $-1.15B | $-981.30M | $-2.19B |
About
About AppLovin Corp
AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California. Founded in 2012, the company helps developers market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms, SSP MAX; DSP AppDiscovery; and SparkLabs creative studio. The company also invests in various mobile game publishers.
From Wikipedia (CC BY-SA 4.0).
Company details
- Company name
- AppLovin Corp
- Ticker
- APP
- Exchange
- NASDAQ
- ISIN
- US03831W1080
- SEC CIK
- 0001751008
- Sector
- Technology
- Industry
- Packaged Software
- SEC industry (SIC)
- Services-computer Programming, Data Processing, Etc. (7370)
- Incorporated in
- Delaware
- Financial year ends
- 31 December
- Filer type
- Large accelerated filer
- Latest annual report (10-K)
- 19 Feb 2026
- CEO
- Adam Foroughi
- Chair
- Craig Billings
- Headquarters
- Palo Alto
- Address
- 1100 Page Mill Rd, Palo Alto, Ca 94304-1047
- Founded
- 2012
- Employees
- 898
- Trades in
- US dollars (USD)
- Website
- applovin.com
News
Latest news
From Google News; each link opens the publisher's story.
APP UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds AppLovin (NASDAQ: APP) Investors of Securities Class Action Lawsuit Deadline on November 16, 2026Morningstar · 12 Nov, 5:10 amShareholders Sue AppLovin (APP) over AI Video Tool DelaysTipRanks · 10 Nov, 4:02 pmApplovin Corp Stock (APP) Opened Down by 3.23% on Nov 10: Drivers Behind the MovementTradingKey · 10 Nov, 8:17 pmApplovin Corp Stock (APP) Moved Up by 9.68% on Nov 6: What Signal Does It Send?TradingKey · 6 Nov, 11:45 pmAPPLOVIN CORPORATION (APP) SHAREHOLDER ALERT BernsteinGlobeNewswire · 10 Nov, 7:40 pmAPP - Applovin Corp Stock Price and QuoteFinviz · 26 May, 7:24 pmAppLovin (Nasdaq:APP) - Stock AnalysisSimply Wall St · 4 Aug, 8:37 amApplovin Corp Stock (APP) Moved Up by 7.53% on Nov 3: Facts Behind the MovementTradingKey · 3 Nov, 1:30 pm
Peers
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Quotes from CNBC (may be delayed), financials from SEC EDGAR, profile from global-stock-logos (MIT). Information only, not investment advice.