APP
Applovin CorporationStock · TechnologyNasdaq-100 0.7% · S&P 500 0.2% · US Stock Market 0.2% · S&P 500 Equal Weight 0.2% · MSCI World 0.2%$320.62+2.25%
as of market close, Sep 4, 2026
☾ AH $320.62 +0.00%
APP financial statements
The full income statement, balance sheet, and cash-flow statement for Applovin Corporation (APP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 334.2M2024-09 335.6M2024-12 340.0M2025-03 338.4M2025-06 338.2M2025-09 338.0M2025-12 337.3M2026-03 335.9M2026-06 334.7M+0.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.48B+70.0% | 3.22B+75.1% | 1.84B-34.6% | 2.82B+0.9% | 2.79B+92.5% | |
| Cost of revenue | 665M+27.8% | 521M+46.0% | 357M-71.6% | 1.26B+27.1% | 988M+77.8% | |
| Research & development | 227M-39.6% | 375M+12.3% | 334M-34.2% | 508M+38.5% | 366M+102.8% | |
| Selling, general & administrative | 234M+41.6% | 165M+9.3% | 151M-16.9% | 182M+14.4% | 159M+138.9% | |
| General & administrative | 234M+41.6% | 165M+9.3% | 151M-16.9% | 182M+14.4% | 159M+138.9% | |
| Selling & marketing | 204M-19.5% | 253M+10.9% | 228M-75.2% | 920M-18.6% | 1.13B+80.0% | |
| Restructuring | — | — | — | 10.8M | — | |
| Amortization of intangibles | 97.4M+4.9% | 92.8M+1.4% | 91.5M-82.2% | 515M+29.8% | 396M+65.2% | |
| Operating income | 4.15B+117.3% | 1.91B+147.4% | 772M+1716.2% | -47.8M-131.9% | 150M+341.8% | |
| Interest expense | 207M-34.7% | 317M+16.0% | 274M+59.1% | 172M+66.6% | 103M+32.5% | |
| Other non-operating income | 8.01M-56.0% | 18.2M+574.2% | 2.70M-81.4% | 14.5M+2806.0% | -535K-112.7% | |
| Pre-tax income | 3.95B+145.2% | 1.61B+221.4% | 502M+344.5% | -205M-543.0% | 46.3M+134.1% | |
| Income tax | 520M+2218.2% | 22.4M-48.8% | 43.8M+457.9% | -12.2M-211.5% | 11.0M+212.3% | |
| 3.33B+111.0% | 1.58B+342.9% | 357M+285.1% | -193M-643.8% | 35.4M+128.3% | ||
| Income from continuing operations | 3.43B+116.0% | 1.59B+247.2% | 458M | — | — | |
| Net income to common | 3.33B+111.4% | 1.58B+344.3% | 355M+284.1% | -193M-708.0% | 31.7M+125.3% | |
| $9.75+115.2% | $4.53+362.2% | $0.98+288.5% | -$0.52-677.8% | $0.09+115.5% | ||
| EPS (basic) | $9.84+110.3% | $4.68+363.4% | $1.01+294.2% | -$0.52-620.0% | $0.10+117.2% | |
| Weighted-avg shares (basic) | 339M+0.6% | 337M-4.3% | 352M-5.3% | 372M+14.4% | 325M+51.1% | |
| Weighted-avg shares (diluted) | 342M-1.7% | 348M-4.1% | 363M-2.4% | 372M+8.4% | 343M+59.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 4.43B+91.6% | 2.31B+43.1% | 1.62B-16.7% | 1.94B-40.1% | 3.24B+387.9% | ||
| Cash & equivalents | 2.49B+256.8% | 697M+38.8% | 502M-53.5% | 1.08B-28.9% | 1.52B+379.3% | |
| Accounts receivable | 1.82B+41.8% | 1.28B+34.5% | 954M+35.7% | 703M+36.6% | 515M+73.3% | |
| Prepaid expenses | 124M-11.5% | 140M-12.3% | 160M+2.8% | 156M+3.8% | 150M+207.5% | |
| 7.26B+23.7% | 5.87B+9.5% | 5.36B-8.4% | 5.85B-5.1% | 6.16B+186.1% | ||
| Property, plant & equipment | — | — | — | — | 63.6M+122.5% | |
| Operating lease right-of-use | 25.5M-30.2% | 36.5M-24.3% | 48.2M-20.2% | 60.4M-14.9% | 71.0M-15.8% | |
| Goodwill | 1.54B+5.6% | 1.46B-2.6% | 1.50B-17.9% | 1.82B+88.7% | 966M+286.9% | |
| Intangible assets | 397M-16.1% | 473M-63.4% | 1.29B-23.0% | 1.68B-1.9% | 1.71B+57.4% | |
| Other non-current assets | 482M-2.2% | 493M+27.7% | 386M+43.8% | 268M+127.2% | 118M+177.6% | |
| 1.33B+26.1% | 1.06B+12.0% | 944M+63.1% | 579M-9.6% | 640M+7.0% | ||
| Accounts payable | 747M+48.1% | 504M+35.7% | 372M+36.1% | 273M+5.8% | 258M+75.3% | |
| Accrued liabilities | 587M+46.1% | 402M+51.4% | 265M+79.5% | 148M+10.5% | 134M+40.7% | |
| Deferred revenue | 47.7M+28.7% | 37.1M-52.8% | 78.6M+22.7% | 64.0M-18.9% | 78.9M-9.2% | |
| Short-term & current debt | — | 0.00-100.0% | 215M+545.5% | 33.3M+29.1% | 25.8M+69.7% | |
| Current lease liability | 13.9M-4.0% | 14.5M+6.8% | 13.6M-5.1% | 14.3M-22.1% | 18.4M-17.2% | |
| Finance lease liability (current) | 17.5M-21.7% | 22.3M+13.5% | 19.7M-11.8% | 22.3M+1.4% | 22.0M+679.8% | |
| 5.12B+7.2% | 4.78B+16.5% | 4.10B+4.0% | 3.95B-2.0% | 4.03B+74.0% | ||
| Long-term debt | 3.51B+0.1% | 3.51B+20.8% | 2.91B-8.6% | 3.18B-0.7% | 3.20B+102.1% | |
| Non-current lease liability | 17.8M-42.7% | 31.1M-27.5% | 42.9M-20.8% | 54.2M-13.4% | 62.5M-12.9% | |
| Operating lease liability (total) | 31.8M-33.0% | 47.4M-16.1% | 56.5M-17.5% | 68.5M-15.3% | 80.9M | |
| Finance lease liability (total) | 123M-21.5% | 156M-4.7% | 164M+144.4% | 67.0M+45.5% | 46.1M | |
| Finance lease liability | 105M-21.5% | 134M-7.1% | 144M+222.3% | 44.7M+85.7% | 24.1M+929.3% | |
| Other non-current liabilities | 278M+54.1% | 180M-14.0% | 210M+96.8% | 107M-5.4% | 113M+91.1% | |
| 2.13B+95.9% | 1.09B-13.3% | 1.26B-34.0% | 1.90B-11.0% | 2.14B+1448.6% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock | 11.0K+0.0% | 11.0K+0.0% | 11.0K+0.0% | 11.0K+0.0% | 11.0K+57.1% | |
| Additional paid-in capital | 447M-24.8% | 594M-72.2% | 2.13B-32.4% | 3.16B-0.1% | 3.16B+596.7% | |
| Retained earnings | 1.74B+189.6% | 599M+173.7% | -813M+30.5% | -1.17B-19.7% | -977M+3.5% | |
| Accumulated other comprehensive income | -47.0M+54.4% | -103M-57.9% | -65.3M+21.7% | -83.4M-83.4% | -45.5M-7625.5% | |
| Total liabilities & equity | 7.26B+23.7% | 5.87B+9.5% | 5.36B-8.4% | 5.85B-5.1% | 6.16B+186.1% | |
| Common shares issued | 338M-0.5% | 340M+0.0% | 340M-9.1% | 374M-0.3% | 375M+65.7% | |
| Common shares outstanding | 338M-0.5% | 340M+0.0% | 340M-9.1% | 374M-0.3% | 375M+65.7% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.97B+89.2% | 2.10B+97.7% | 1.06B+157.2% | 413M+14.1% | 362M+62.4% | ||
| Depreciation & amortization | 195M-56.6% | 449M-8.2% | 489M-10.6% | 547M+26.9% | 431M+69.1% | |
| Intangible amortization | 97.4M+4.9% | 92.8M+1.4% | 91.5M-82.2% | 515M+29.8% | 396M+65.2% | |
| Share-based compensation | 210M-43.0% | 369M+1.7% | 363M+89.5% | 192M+43.9% | 133M+113.5% | |
| Deferred income taxes | -6.32M+96.2% | -166M-208.2% | -53.8M+47.3% | -102M-55.4% | -65.8M-72.8% | |
| Change in receivables | 542M+16.1% | 467M+78.7% | 261M+49.4% | 175M-13.4% | 202M+78.3% | |
| Other operating activities | 9.21M-4.7% | 9.66M-13.9% | 11.2M+528.6% | 1.79M-76.0% | 7.43M+552.8% | |
| 358M+435.8% | -107M-37.2% | -77.8M+94.3% | -1.37B-12.9% | -1.21B-78.7% | ||
| Capital expenditure | — | 4.78M+12.5% | 4.25M+541.4% | 662K-52.4% | 1.39M-57.1% | |
| Free cash flow | — | 2.09B+98.1% | 1.06B+156.5% | 412M+14.3% | 360M+64.1% | |
| Acquisitions | 0.00 | 0.00-100.0% | 63.9M-95.3% | 1.35B+11.2% | 1.21B+79.4% | |
| Other investing activities | 373K-91.2% | 4.22M+205.3% | -4.00M+7.1% | -4.31M+64.1% | -12.0M | |
| -2.59B-48.2% | -1.75B-12.0% | -1.56B-196.6% | -527M-116.9% | 3.11B+722.9% | ||
| Long-term debt issued | 200M-95.7% | 4.61B+1067.5% | 395M | 0.00-100.0% | 2.34B+387.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 2.19B+123.4% | 981M-14.9% | 1.15B+240.4% | 339M | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | — | -3.15M-505.4% | 778K+117.4% | -4.48M-40.0% | -3.20M-2368.1% | |
| Net change in cash | 1.75B+629.6% | 239M+141.4% | -578M+61.2% | -1.49B-166.1% | 2.25B+2951.8% | |
| Interest paid | 199M-26.5% | 271M+8.8% | 249M+49.9% | 166M+116.4% | 76.7M+29.2% | |
| Income taxes paid | 195M+189.4% | 67.3M-10.7% | 75.4M-12.6% | 86.3M-4.8% | 90.6M+615.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 226B+105.6% | 110B+722.9% | 13.4B+241.9% | 3.91B-88.9% | 35.4B | |
| P/E | 67.9×-2.6% | 69.7×-45.3% | 127.5× | — | 997.5× | |
| P/S | 41.3×+20.9% | 34.2×+673.9% | 4.4×+227.9% | 1.3×-89.4% | 12.7× | |
| P/B | 106.0×+4.9% | 101.0×+727.4% | 12.2×+487.2% | 2.1×-87.4% | 16.5× | |
| P/FCF | 108.1×+105.6% | 52.6×+244.5% | 15.3×+30.1% | 11.7×-88.0% | 98.1× | |
| Earnings yield | 1.5%+2.7% | 1.4%+82.9% | 0.78% | — | 0.10% | |
| FCF yield | 0.93%-51.4% | 1.9%-71.0% | 6.6%-23.1% | 8.5%+736.0% | 1.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: APP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all APP filings on SEC EDGAR → Not investment advice.