AppLovin (APP) financial statements
+451.3%since 2019
- FY2025 revenue
- $5.5B▲ +70.0%
- FY2025 net income
- $3.3B▲ +111.0%
- FY2025 diluted EPS
- $9.75▲ +115.2%
AppLovin income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 5,481 | 3,224 | 1,842 |
| Operating income | 4,152 | 1,911 | 772 |
| Pretax income | 3,953 | 1,612 | 502 |
| Net income | 3,334 | 1,580 | 357 |
| Diluted earnings per share | 9.75 | 4.53 | 0.98 |
AppLovin balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 2,487 | 697 | 502 |
| Total assets | 7,260 | 5,869 | 5,359 |
| Total liabilities | 5,125 | 4,779 | 4,103 |
| Total equity | 2,135 | 1,090 | 1,256 |
| Long-term debt | 3,513 | 3,509 | 2,906 |
AppLovin cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 3,971 | 2,099 | 1,062 |
| Capital expenditure | n/a | -5 | -4 |
| Free cash flow (derived) | n/a | 2,094 | 1,057 |
| Share repurchases | -2,192 | -981 | -1,154 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue | 2,185 | 1,924 | 1,842 | n/a |
| Operating income (derived) | 1,709 | 1,494 | 1,440 | 1,275 |
| Net income (derived) | 1,439 | 1,267 | 1,206 | 1,102 |
| Diluted earnings per share | 4.30 | 3.76 | 3.56 | n/a |
| Operating cash flow (derived) | 1,429 | 869 | 1,291 | 1,314 |
| Total assets | 8,583 | 8,269 | 7,708 | 7,260 |
AppLovin major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Arash Adam Foroughi | 10.6% | 36,337,732 | 8 February 2025 |
| BlackRock, Inc. | 7.0% | 21,386,458 | 18 October 2025 |
| Vanguard Capital Management | 6.3% | 19,337,914 | 30 April 2026 |
| Angel Pride Holdings Limited | 5.8% | 17,244,541 | 31 January 2025 |
| Prominence Trust Limited | 5.8% | 17,244,541 | 31 January 2025 |
AppLovin 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 4 November 2026 | 10-Q | Quarterly report | Quarterly report |
| 4 November 2026 | 8-K | Current report | Current report |
| 5 August 2026 | 10-Q | Quarterly report | Quarterly report |
| 5 August 2026 | 8-K | Current report | Current report |
| 5 June 2026 | 8-K | Current report | Current report |
| 6 May 2026 | 10-Q | Quarterly report | Quarterly report |
| 6 May 2026 | 8-K | Current report | Current report |
| 7 April 2026 | 8-K | Current report | Current report |
Common questions
What was AppLovin's revenue in fiscal 2025?
AppLovin reported $5.5 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 70.0% from fiscal 2024.
What was AppLovin's net income in fiscal 2025?
AppLovin reported net income of $3.3 billion for fiscal 2025, the year ended 31 December 2025, up 111.0% from fiscal 2024. Diluted earnings per share were $9.75.
What were AppLovin's total assets at the end of fiscal 2025?
AppLovin reported total assets of $7.3 billion at the end of fiscal 2025, the year ended 31 December 2025.
Who reported holding 5% or more of AppLovin?
Arash Adam Foroughi reported holding 10.6% of a class of AppLovin shares in a filing dated 8 February 2025.
How much AppLovin history do I get?
Every account gets the full history, annual and quarterly, with first reported values and as of dates.
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