AppLovin Corporation (APP)

APP Income Statement

Revenue, expenses, and profitability analysis

APP Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	6.164B	1.842B	1.658B	1.405B	1.259B	1.159B	1.373B	835.186M	711.015M
Cost of Goods Sold	717.092M	203.632M	183.529M	174.855M	155.076M	151.680M	320.452M	120.919M	121.759M
Gross Profit	5.447B	1.639B	1.474B	1.230B	1.104B	1.007B	1.052B	714.267M	589.256M
Gross Profit Margin	88.9%	88.9%	88.9%	87.6%	87.7%	86.9%	76.7%	85.5%	82.9%
Total Operating Expenses	695.235M	198.884M	199.172M	151.183M	145.996M	167.312M	444.347M	179.968M	204.834M
Research & Development	264.208M	94.104M	82.220M	43.852M	44.032M	56.406M	169.480M	80.776M	99.123M
Selling, General & Administrative	431.027M	104.780M	116.952M	107.331M	101.964M	110.906M	274.867M	99.192M	105.711M
Operating Income (EBIT)	4.752B	1.440B	1.275B	1.079B	957.682M	839.982M	607.980M	534.299M	384.422M
Operating Margin	78.2%	78.2%	76.9%	76.8%	76.1%	72.5%	44.3%	64.0%	54.1%
Income Before Tax (EBT)	4.590B	1.431B	1.253B	1.021B	884.004M	794.606M	515.124M	467.729M	317.876M
Interest Income	—	—	—	—	—	—	—	7.948M	—
Interest Expense	205.287M	51.159M	51.290M	51.429M	51.409M	52.888M	94.199M	74.937M	74.418M
Other Income/Expense	-162.153M	-8.525M	-21.889M	-58.061M	-73.678M	-45.376M	-92.856M	-66.570M	-66.546M
Net Income	3.963B	1.206B	1.102B	835.545M	819.531M	576.419M	599.204M	434.420M	309.969M
Income Tax Expense	674.442M	225.795M	151.098M	185.401M	112.148M	71.068M	-84.080M	34.656M	16.894M
Net Profit Margin	65.4%	65.4%	66.5%	59.5%	65.1%	49.7%	43.6%	52.0%	43.6%
EBITDA	4.944B	1.516B	1.337B	1.107B	982.466M	927.381M	737.160M	642.301M	500.835M
EBITDA Margin	82.3%	82.3%	80.7%	78.8%	78.1%	80.0%	53.7%	76.9%	70.4%
Depreciation & Amortization	148.556M	33.665M	32.736M	35.102M	47.053M	79.887M	127.837M	99.635M	108.541M
EPS Basic	11.72	3.57	3.26	2.47	2.42	1.70	1.77	1.29	0.92
EPS Diluted	11.64	3.56	3.24	2.45	2.39	1.67	1.73	1.25	0.89
Shares Outstanding	337.399M	337.399M	338.159M	338.531M	338.617M	339.837M	339.168M	336.931M	335.682M
Diluted Shares Outstanding	338.729M	338.729M	339.898M	340.974M	342.194M	344.878M	346.424M	348.225M	347.964M

APP Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	5.481B	3.224B	1.842B	2.817B	2.793B	1.451B	994.104M	483.363M
Cost of Goods Sold	665.140M	520.613M	356.613M	1.256B	988.095M	555.578M	241.274M	53.758M
Gross Profit	4.816B	2.703B	1.485B	1.561B	1.805B	895.508M	752.830M	429.605M
Gross Profit Margin	87.9%	83.9%	80.6%	55.4%	64.6%	61.7%	75.7%	88.9%
Total Operating Expenses	663.663M	792.489M	712.738M	1.609B	1.655B	957.550M	558.459M	187.160M
Research & Development	226.510M	374.710M	333.781M	507.607M	366.402M	180.652M	44.966M	16.270M
Selling, General & Administrative	437.153M	417.779M	378.957M	1.101B	1.289B	694.227M	513.493M	181.653M
Operating Income (EBIT)	4.152B	1.911B	772.411M	-47.791M	150.016M	-62.042M	194.371M	242.445M
Operating Margin	75.8%	59.3%	41.9%	-1.7%	5.4%	-4.3%	19.6%	50.2%
Income Before Tax (EBT)	3.953B	1.612B	501.602M	-205.177M	46.311M	-135.706M	126.234M	-240.259M
Interest Income	—	—	—	—	—	—	—	60.004M
Interest Expense	207.016M	317.209M	273.508M	171.863M	103.170M	77.873M	73.955M	—
Other Income/Expense	-199.004M	-299.013M	-270.809M	-157.386M	-103.705M	-73.664M	-68.137M	-482.704M
Net Income	3.334B	1.580B	357.211M	-192.746M	35.446M	-125.187M	119.040M	-259.995M
Income Tax Expense	519.715M	22.419M	43.776M	-12.230M	10.973M	-9.772M	7.194M	19.736M
Net Profit Margin	60.8%	49.0%	19.4%	-6.8%	1.3%	-8.6%	12.0%	-53.8%
EBITDA	4.355B	2.378B	1.264B	513.770M	580.544M	197.118M	292.995M	247.743M
EBITDA Margin	79.5%	73.8%	68.6%	18.2%	20.8%	13.6%	29.5%	51.3%
Depreciation & Amortization	194.778M	448.680M	489.008M	547.084M	431.063M	254.951M	92.806M	16.061M
EPS Basic	9.84	4.68	1.01	-0.52	0.10	-0.58	0.36	-1.37
EPS Diluted	9.75	4.53	0.98	-0.52	0.09	-0.58	0.36	-1.37
Shares Outstanding	338.781M	336.921M	351.952M	371.568M	324.836M	214.937M	212.365M	189.534M
Diluted Shares Outstanding	341.970M	347.808M	362.589M	371.568M	342.764M	214.937M	212.365M	189.534M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About AppLovin Corporation

AppLovin Corporation provides a specialized software platform focused on empowering mobile application developers to enhance the marketing and revenue generation of their products. With operations spanning the United States and international markets, the company assists mobile app developers worldwide. Among its core software offerings is AppDiscovery, a marketing solution that intelligently connects advertiser demand with publisher supply through an auction-based model. Another key product is Adjust, an analytics platform that enables marketers to scale their mobile apps by offering capabilities for performance measurement, campaign optimization, and user data protection. Additionally, MAX is an in-app bidding software engineered to maximize the value derived from an app's advertising inventory by facilitating real-time competitive auctions. Its client base is broad, serving advertisers, publishers, internet platforms, and other stakeholders. Founded in 2011, the enterprise maintains its headquarters in Palo Alto, California.

Palo Alto, CA

876 employees

www.applovin.com

Technology / Software - Application

Sector: Technology
Industry: Software - Application
CEO: Adam Arash Foroughi

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