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.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	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 YoY+70.0%	3.22B YoY+75.1%	1.84B YoY-34.6%	2.82B YoY+0.9%	2.79B YoY+92.5%
Cost of revenue	665M YoY+27.8%	521M YoY+46.0%	357M YoY-71.6%	1.26B YoY+27.1%	988M YoY+77.8%
Research & development	227M YoY-39.6%	375M YoY+12.3%	334M YoY-34.2%	508M YoY+38.5%	366M YoY+102.8%
Selling, general & administrative	234M YoY+41.6%	165M YoY+9.3%	151M YoY-16.9%	182M YoY+14.4%	159M YoY+138.9%
General & administrative	234M YoY+41.6%	165M YoY+9.3%	151M YoY-16.9%	182M YoY+14.4%	159M YoY+138.9%
Selling & marketing	204M YoY-19.5%	253M YoY+10.9%	228M YoY-75.2%	920M YoY-18.6%	1.13B YoY+80.0%
Restructuring	—	—	—	10.8M	—
Amortization of intangibles	97.4M YoY+4.9%	92.8M YoY+1.4%	91.5M YoY-82.2%	515M YoY+29.8%	396M YoY+65.2%
Operating income	4.15B YoY+117.3%	1.91B YoY+147.4%	772M YoY+1716.2%	-47.8M YoY-131.9%	150M YoY+341.8%
Other non-operating income	8.01M YoY-56.0%	18.2M YoY+574.2%	2.70M YoY-81.4%	14.5M YoY+2806.0%	-535K YoY-112.7%
Pre-tax income	3.95B YoY+145.2%	1.61B YoY+221.4%	502M YoY+344.5%	-205M YoY-543.0%	46.3M YoY+134.1%
Income tax	520M YoY+2218.2%	22.4M YoY-48.8%	43.8M YoY+457.9%	-12.2M YoY-211.5%	11.0M YoY+212.3%
	3.33B YoY+111.0%	1.58B YoY+342.9%	357M YoY+285.1%	-193M YoY-643.8%	35.4M YoY+128.3%
Income from continuing operations	3.43B YoY+116.0%	1.59B YoY+247.2%	458M	—	—
Net income to common	3.33B YoY+111.4%	1.58B YoY+344.3%	355M YoY+284.1%	-193M YoY-708.0%	31.7M YoY+125.3%
	$9.75 YoY+115.2%	$4.53 YoY+362.2%	$0.98 YoY+288.5%	-$0.52 YoY-677.8%	$0.09 YoY+115.5%
EPS (basic)	$9.84 YoY+110.3%	$4.68 YoY+363.4%	$1.01 YoY+294.2%	-$0.52 YoY-620.0%	$0.10 YoY+117.2%
	339M YoY+0.6%	337M YoY-4.3%	352M YoY-5.3%	372M YoY+14.4%	325M YoY+51.1%
	342M YoY-1.7%	348M YoY-4.1%	363M YoY-2.4%	372M YoY+8.4%	343M YoY+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 YoY+91.6%	2.31B YoY+43.1%	1.62B YoY-16.7%	1.94B YoY-40.1%	3.24B YoY+387.9%
Cash & equivalents	2.49B YoY+256.8%	697M YoY+38.8%	502M YoY-53.5%	1.08B YoY-28.9%	1.52B YoY+379.3%
Accounts receivable	1.82B YoY+41.8%	1.28B YoY+34.5%	954M YoY+35.7%	703M YoY+36.6%	515M YoY+73.3%
Prepaid expenses	124M YoY-11.5%	140M YoY-12.3%	160M YoY+2.8%	156M YoY+3.8%	150M YoY+207.5%
	7.26B YoY+23.7%	5.87B YoY+9.5%	5.36B YoY-8.4%	5.85B YoY-5.1%	6.16B YoY+186.1%
Property, plant & equipment	—	—	—	—	63.6M YoY+122.5%
Operating lease right-of-use	25.5M YoY-30.2%	36.5M YoY-24.3%	48.2M YoY-20.2%	60.4M YoY-14.9%	71.0M YoY-15.8%
Goodwill	1.54B YoY+5.6%	1.46B YoY-2.6%	1.50B YoY-17.9%	1.82B YoY+88.7%	966M YoY+286.9%
Intangible assets	397M YoY-16.1%	473M YoY-63.4%	1.29B YoY-23.0%	1.68B YoY-1.9%	1.71B YoY+57.4%
Other non-current assets	482M YoY-2.2%	493M YoY+27.7%	386M YoY+43.8%	268M YoY+127.2%	118M YoY+177.6%
	1.33B YoY+26.1%	1.06B YoY+12.0%	944M YoY+63.1%	579M YoY-9.6%	640M YoY+7.0%
Accounts payable	747M YoY+48.1%	504M YoY+35.7%	372M YoY+36.1%	273M YoY+5.8%	258M YoY+75.3%
Accrued liabilities	587M YoY+46.1%	402M YoY+51.4%	265M YoY+79.5%	148M YoY+10.5%	134M YoY+40.7%
Deferred revenue	47.7M YoY+28.7%	37.1M YoY-52.8%	78.6M YoY+22.7%	64.0M YoY-18.9%	78.9M YoY-9.2%
Short-term & current debt	—	0.00 YoY-100.0%	215M YoY+545.5%	33.3M YoY+29.1%	25.8M YoY+69.7%
Current lease liability	13.9M YoY-4.0%	14.5M YoY+6.8%	13.6M YoY-5.1%	14.3M YoY-22.1%	18.4M YoY-17.2%
	5.12B YoY+7.2%	4.78B YoY+16.5%	4.10B YoY+4.0%	3.95B YoY-2.0%	4.03B YoY+74.0%
Long-term debt	3.51B YoY+0.1%	3.51B YoY+20.8%	2.91B YoY-8.6%	3.18B YoY-0.7%	3.20B YoY+102.1%
Non-current lease liability	17.8M YoY-42.7%	31.1M YoY-27.5%	42.9M YoY-20.8%	54.2M YoY-13.4%	62.5M YoY-12.9%
Other non-current liabilities	278M YoY+54.1%	180M YoY-14.0%	210M YoY+96.8%	107M YoY-5.4%	113M YoY+91.1%
	2.13B YoY+95.9%	1.09B YoY-13.3%	1.26B YoY-34.0%	1.90B YoY-11.0%	2.14B YoY+1448.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Common stock	11.0K YoY+0.0%	11.0K YoY+0.0%	11.0K YoY+0.0%	11.0K YoY+0.0%	11.0K YoY+57.1%
Additional paid-in capital	447M YoY-24.8%	594M YoY-72.2%	2.13B YoY-32.4%	3.16B YoY-0.1%	3.16B YoY+596.7%
Retained earnings	1.74B YoY+189.6%	599M YoY+173.7%	-813M YoY+30.5%	-1.17B YoY-19.7%	-977M YoY+3.5%
Accumulated other comprehensive income	-47.0M YoY+54.4%	-103M YoY-57.9%	-65.3M YoY+21.7%	-83.4M YoY-83.4%	-45.5M YoY-7625.5%
Total liabilities & equity	7.26B YoY+23.7%	5.87B YoY+9.5%	5.36B YoY-8.4%	5.85B YoY-5.1%	6.16B YoY+186.1%
	338M YoY-0.5%	340M YoY+0.0%	340M YoY-9.1%	374M YoY-0.3%	375M YoY+65.7%
	338M YoY-0.5%	340M YoY+0.0%	340M YoY-9.1%	374M YoY-0.3%	375M YoY+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 YoY+89.2%	2.10B YoY+97.7%	1.06B YoY+157.2%	413M YoY+14.1%	362M YoY+62.4%
Depreciation & amortization	195M YoY-56.6%	449M YoY-8.2%	489M YoY-10.6%	547M YoY+26.9%	431M YoY+69.1%
Share-based compensation	210M YoY-43.0%	369M YoY+1.7%	363M YoY+89.5%	192M YoY+43.9%	133M YoY+113.5%
Deferred income taxes	-6.32M YoY+96.2%	-166M YoY-208.2%	-53.8M YoY+47.3%	-102M YoY-55.4%	-65.8M YoY-72.8%
Change in receivables	542M YoY+16.1%	467M YoY+78.7%	261M YoY+49.4%	175M YoY-13.4%	202M YoY+78.3%
Other operating activities	9.21M YoY-4.7%	9.66M YoY-13.9%	11.2M YoY+528.6%	1.79M YoY-76.0%	7.43M YoY+552.8%
	358M YoY+435.8%	-107M YoY-37.2%	-77.8M YoY+94.3%	-1.37B YoY-12.9%	-1.21B YoY-78.7%
Capital expenditure	—	4.78M YoY+12.5%	4.25M YoY+541.4%	662K YoY-52.4%	1.39M YoY-57.1%
Free cash flow	—	2.09B YoY+98.1%	1.06B YoY+156.5%	412M YoY+14.3%	360M YoY+64.1%
Acquisitions	0.00	0.00 YoY-100.0%	63.9M YoY-95.3%	1.35B YoY+11.2%	1.21B YoY+79.4%
Other investing activities	373K YoY-91.2%	4.22M YoY+205.3%	-4.00M YoY+7.1%	-4.31M YoY+64.1%	-12.0M
	-2.59B YoY-48.2%	-1.75B YoY-12.0%	-1.56B YoY-196.6%	-527M YoY-116.9%	3.11B YoY+722.9%
Long-term debt issued	200M YoY-95.7%	4.61B YoY+1067.5%	395M	0.00 YoY-100.0%	2.34B YoY+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 YoY-100.0%
Common stock repurchased	2.19B YoY+123.4%	981M YoY-14.9%	1.15B YoY+240.4%	339M	0.00 YoY-100.0%
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	—	-3.15M YoY-505.4%	778K YoY+117.4%	-4.48M YoY-40.0%	-3.20M YoY-2368.1%
Net change in cash	1.75B YoY+629.6%	239M YoY+141.4%	-578M YoY+61.2%	-1.49B YoY-166.1%	2.25B YoY+2951.8%
Interest paid	199M YoY-26.5%	271M YoY+8.8%	249M YoY+49.9%	166M YoY+116.4%	76.7M YoY+29.2%
Income taxes paid	195M YoY+189.4%	67.3M YoY-10.7%	75.4M YoY-12.6%	86.3M YoY-4.8%	90.6M YoY+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	228B YoY+107.0%	110B YoY+722.9%	13.4B YoY+241.9%	3.91B YoY-88.9%	35.4B
P/E	68.4× YoY-1.9%	69.7× YoY-45.3%	127.5×	—	997.5×
P/S	41.6× YoY+21.8%	34.2× YoY+673.9%	4.4× YoY+227.9%	1.3× YoY-89.4%	12.7×
P/B	106.8× YoY+5.7%	101.0× YoY+727.4%	12.2× YoY+487.2%	2.1× YoY-87.4%	16.5×
P/FCF	108.9× YoY+107.0%	52.6× YoY+244.5%	15.3× YoY+30.1%	11.7× YoY-88.0%	98.1×
	1.5% YoY+1.9%	1.4% YoY+82.9%	0.78%	—	0.10%
	0.92% YoY-51.7%	1.9% YoY-71.0%	6.6% YoY-23.1%	8.5% YoY+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.