AppLovin Corp

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total revenue	5.48	3.22	1.84	2.82	2.79	1.45	0.99	0.48
Cost of revenue	0.67	0.52	0.36	1.26	0.99	0.56	0.24	0.05
Gross profit	4.82	2.70	1.49	1.56	1.81	0.90	0.75	0.43
Total operating expenses +	0.66	0.79	0.71	1.61	1.65	0.96	0.56	0.19
Selling, general and administrative	0.23	0.16	0.15	0.18	0.16	0.07	0.03	0.01
Research and development	0.23	0.37	0.33	0.51	0.37	0.18	0.04	0.02
Other operating expenses	0.20	0.25	0.23	0.92	1.13	0.71	0.48	0.16
Operating income	4.15	1.91	0.77	-0.05	0.15	-0.06	0.19	0.24
Non-operating income (net)	-0.20	-0.30	-0.27	-0.16	-0.10	-0.07	-0.07	-0.48
Income before tax	3.95	1.61	0.50	-0.21	0.05	-0.14	0.13	-0.24
Income tax expense	0.52	0.02	0.04	-0.01	0.01	-0.01	0.01	0.02
Net income	3.33	1.58	0.36	-0.19	0.04	-0.13	0.12	-0.26

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18
Total revenue	1.84	1.66	1.41	1.26	1.16	1.37	0.84	0.71	1.06	0.95	0.86	0.75	0.72	0.70	0.71	0.78	0.63	0.79	0.73	0.67	0.60	0.51	0.38	0.30	0.26	0.28	0.26	0.25	0.21	0.25
Cost of revenue	0.20	0.18	0.17	0.16	0.15	0.32	0.12	0.12	0.29	0.27	0.27	0.26	0.26	0.37	0.30	0.30	0.28	0.27	0.25	0.25	0.22	0.20	0.16	0.12	0.08	0.08	0.07	0.06	0.05	0.06
Gross profit	1.64	1.47	1.23	1.10	1.01	1.05	0.71	0.59	0.76	0.68	0.60	0.49	0.45	0.33	0.41	0.47	0.34	0.53	0.47	0.42	0.38	0.31	0.22	0.18	0.18	0.20	0.19	0.19	0.16	0.19
Total operating expenses +	0.20	0.20	0.15	0.15	0.17	0.44	0.18	0.20	0.42	0.41	0.41	0.36	0.39	0.36	0.36	0.42	0.47	0.47	0.43	0.39	0.37	0.32	0.29	0.19	0.16	0.16	0.14	0.13	0.12
Selling, general and administrative	0.04	0.07	0.06	0.06	0.05	0.06	0.04	0.04	0.04	0.04	0.04	0.03	0.04	0.04	0.04	0.05	0.06	0.04	0.03	0.05	0.04	0.03	0.02	0.02	0.01	0.02	0.01	0.01	0.01	0.01
Research and development	0.09	0.08	0.04	0.04	0.06	0.17	0.08	0.10	0.16	0.15	0.16	0.14	0.14	0.12	0.12	0.14	0.13	0.12	0.11	0.08	0.06	0.08	0.05	0.03	0.02	0.02	0.01	0.01	0.01	0.01
Other operating expenses	0.06	0.05	0.05	0.05	0.06	0.21	0.06	0.07	0.23	0.22	0.21	0.19	0.20	0.20	0.20	0.23	0.29	0.31	0.29	0.27	0.27	0.21	0.23	0.14	0.13	0.13	0.12	0.11	0.10	-0.02
Operating income	1.44	1.28	1.08	0.96	0.84	0.61	0.53	0.38	0.34	0.27	0.19	0.13	0.06	-0.02	0.05	0.05	-0.13	0.06	0.05	0.03	0.01	0.00	-0.08	-0.01	0.03	0.04	0.05	0.06	0.04	0.05
Non-operating income (net)	-0.01	-0.02	-0.06	-0.07	-0.05	-0.09	-0.07	-0.07	-0.07	-0.09	-0.08	-0.04	-0.06	-0.04	-0.05	-0.04	-0.03	-0.03	-0.03	-0.02	-0.03	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.01	-0.02
Income before tax	1.43	1.25	1.02	0.88	0.79	0.52	0.47	0.32	0.27	0.18	0.11	0.10	0.00	-0.07	0.00	0.02	-0.16	0.03	0.02	0.01	-0.01	-0.03	-0.09	-0.02	0.01	0.03	0.03	0.04	0.03	0.03
Income tax expense	0.23	0.15	0.19	0.11	0.07	-0.08	0.03	0.02	0.03	0.01	0.00	0.02	0.00	0.01	-0.02	0.04	-0.04	0.00	0.02	0.00	0.00	-0.01	0.00	0.00	0.00	-0.01	0.01	0.01	0.01	0.00
Net income	1.21	1.10	0.84	0.82	0.58	0.60	0.43	0.31	0.24	0.17	0.11	0.08	0.00	-0.08	0.02	-0.02	-0.12	0.03	0.00	0.01	-0.01	-0.02	-0.09	-0.02	0.00	0.04	0.02	0.04	0.02	0.03

about 2 months ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Total cash and short-term investments +	2.49	0.74	0.49	1.09	1.52	0.32	0.40	0.28
Cash and cash equivalents	2.49	0.74	0.50	1.08	1.52	0.32	0.40	0.28
Short-term investments			-0.01	0.01	0.00
Accounts receivable, net	1.82	1.41	0.95	0.70	0.51	0.30	0.16	0.12
Inventories				-0.01	1.05		0.00	0.00
Other current assets	0.12	0.16	0.16	0.16	1.20	0.05	0.03	0.01
Total current assets	4.43	2.31	1.62	1.94	3.24	0.66	0.59	0.41
Total non-current assets +	2.83	3.56	3.74	3.91	2.93	1.49	0.62	0.13
Property, plant and equipment, net				0.14	0.13	0.11	0.02	0.01
Goodwill	1.54	1.80	1.84	1.82	0.97	0.25	0.14	0.10
Intangible assets	0.40	0.90	1.29	1.68	1.71	1.09	0.44	0.01
Long-term investments	0.29	0.00
Other non-current assets
Total assets	7.26	5.87	5.36	5.85	6.16	2.15	1.20	0.54

Total current liabilities +	1.33	1.06	0.94	0.58	0.64	0.60	0.24	0.11
Accounts payable	0.75	0.56	0.37	0.27	0.26	0.15	0.07	0.06
Short-term debt	0.01	0.01	0.23	0.05	0.07	0.04	0.01
Current portion of long-term debt			0.22	0.03	0.03	0.02	0.01
Deferred revenue
Other current liabilities	0.53	0.41	0.12	0.11	0.17	0.28	0.15	0.05
Total non-current liabilities +	3.79	3.72	3.16	3.37	3.39	1.71	1.22	0.80
Long-term debt	3.51	3.51	2.91	3.18	3.20	1.58	1.17
Capital lease obligations	0.03	0.05	0.06	0.09	0.08	0.09	0.02
Other non-current liabilities	0.26	0.18	0.21	0.13	0.12	0.06	0.04
Total liabilities	5.12	4.78	4.10	3.95	4.03	2.31	1.46	0.92

Total stockholders' equity +	2.13	1.09	1.26	1.90	2.14	-0.16	-0.26	-0.38
Common stock and paid-in capital	0.40	0.49	2.07	3.07	3.12	0.85	0.63	0.63
Retained earnings	1.74	0.60	-0.81	-1.17	-0.98	-1.01	-0.89	-1.01
Common shares outstanding	342	348	363	372	343	215	212	190

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18
Total cash and short-term investments +	2.76	2.49	1.67	1.19	0.55	0.74	0.57	0.46	0.44	0.50	0.33	0.88	1.26	1.09	0.94	0.95	1.41	1.52	1.05	1.19	0.77	0.32	0.08	0.08	0.40	0.08	0.10	0.10	0.10	0.10
Cash and cash equivalents	2.76	2.49	1.67	1.19	0.55	0.74	0.57	0.46	0.44	0.50	0.33	0.88	1.25	1.08	0.94	0.95	1.41	1.52	1.05	1.18	0.76	0.32	0.08	0.08	-0.40	0.08	0.10	0.10	0.10	0.10
Short-term investments											0.00	0.01	0.01	0.01				0.00	0.01	0.00	0.01				0.79
Accounts receivable, net	1.96	1.82	1.60	1.58	1.58	1.41	1.19	1.07	1.04	0.95	0.85	0.67	0.64	0.70	0.67	0.69	0.68	0.51	0.41	0.38	0.34	0.30	0.07	0.07	0.07	0.07	0.04	0.04	0.04	0.04
Inventories								0.00	0.00		0.00	-0.01	-0.01	-0.01				1.05	0.00		0.00
Other current assets	0.13	0.12	0.22	0.22	0.24	0.16	0.12	0.13	0.14	0.16	0.12	0.15	0.16	0.16	0.22	0.17	0.20	1.20	0.16	0.15	0.08	0.05
Total current assets	4.85	4.43	3.49	2.99	2.37	2.31	1.88	1.66	1.61	1.62	1.30	1.70	2.05	1.94	1.82	1.82	2.30	3.24	1.63	1.72	1.18	0.66	0.17	0.17	0.40	0.17	0.15	0.15	0.15	0.15
Total non-current assets +	2.86	2.83	2.86	2.97	3.34	3.56	3.57	3.61	3.65	3.74	3.70	3.79	3.87	3.91	3.98	4.11	3.87	2.93	2.94	2.88	1.44	1.49			-0.40
Property, plant and equipment, net												0.17		0.14	0.13	0.12	0.06	0.13	0.14	0.14	0.10
Goodwill	1.52	1.54	1.54	1.54	1.64	1.80	1.85	1.82	1.83	1.84	1.81	1.83	1.83	1.82	1.76	1.80	1.58	0.97	1.00	1.02	0.25	0.25	0.06	0.06	0.06	0.06	0.03	0.03	0.03	0.03
Intangible assets	0.37	0.40	0.42	0.45	0.86	0.90	1.02	1.10	1.20	1.29	1.39	1.49	1.57	1.68	1.89	2.03	2.02	1.71	1.76	1.68	1.04	1.09	0.27	0.27	0.27	0.27	0.11	0.11	0.11	0.11
Long-term investments	0.29	0.29				0.00
Other non-current assets
Total assets	7.71	7.26	6.34	5.96	5.71	5.87	5.44	5.27	5.26	5.36	5.01	5.48	5.92	5.85	5.81	5.93	6.17	6.16	4.57	4.60	2.62	2.15	0.54	0.54	0.54	0.54	0.30	0.30	0.30	0.30

Total current liabilities +	1.49	1.33	1.07	1.09	1.41	1.06	0.78	0.73	0.76	0.94	0.81	0.59	0.62	0.58	0.54	0.64	0.79	0.64	0.57	0.60	0.49	0.60	0.15	0.15	0.15	0.15	0.06	0.06	0.06	0.06
Accounts payable	0.70	0.75	0.52	0.55	0.60	0.56	0.43	0.39	0.39	0.37	0.28	0.26	0.28	0.27	0.26	0.28	0.37	0.26	0.21	0.19	0.16	0.15
Short-term debt		0.01			0.20	0.01	0.04	0.04	0.04	0.23	0.23	0.05	0.05	0.05	0.05	0.05	0.05	0.07	0.04	0.04	0.04	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Current portion of long-term debt					0.20		0.04	0.04	0.04	0.22	0.22	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02
Deferred revenue
Other current liabilities	0.80	0.53	0.51	0.50	0.54	0.41	0.24	0.23	0.26	0.12	0.22	0.21	0.22	0.11	0.17	0.25	0.29	0.17	0.24	0.28	0.20	0.28
Total non-current liabilities +	3.85	3.79	3.80	3.70	3.72	3.72	3.72	3.73	3.74	3.16	3.10	3.37	3.40	3.37	3.38	3.38	3.37	3.39	1.95	2.00	2.26	1.71			0.26
Long-term debt	3.51	3.51	3.51	3.51	3.51	3.51	3.47	3.48	3.49	2.91	2.91	3.17	3.17	3.18	3.18	3.19	3.20	3.20	1.73	1.73	2.14	1.58
Capital lease obligations		0.03				0.05				0.06	0.06	0.07	0.07	0.09	0.07	0.07	0.08	0.08	0.09	0.09	0.09	0.09
Other non-current liabilities	0.34	0.26	0.28	0.19	0.21	0.18	0.25	0.24	0.25	0.21	0.14	0.21	0.23	0.13	0.20	0.19	0.17	0.12	0.22	0.20	0.06	0.06
Total liabilities	5.34	5.12	4.87	4.79	5.13	4.78	4.50	4.45	4.50	4.10	3.91	3.96	4.02	3.95	3.92	4.02	4.15	4.03	2.52	2.60	2.75	2.31	0.58	0.58	0.26	0.58	0.36	0.36	0.36	0.36

Total stockholders' equity +	2.36	2.13	1.47	1.17	0.58	1.09	0.94	0.81	0.76	1.26	1.10	1.52	1.90	1.90	1.88	1.91	2.01	2.14	2.05	2.00	-0.13	-0.16			-0.26
Common stock and paid-in capital	0.44	0.40	0.43	0.44	0.40	0.49	0.94	1.08	1.34	2.07	2.08	2.61	3.07	3.07	2.97	3.02	3.10	3.12	3.06	3.01	0.89	0.85	0.25	0.25	0.00	0.25	0.22	0.22	0.22	0.22
Retained earnings	1.93	1.74	1.05	0.72	0.17	0.60	0.00	-0.27	-0.58	-0.81	-0.99	-1.09	-1.17	-1.17	-1.09	-1.11	-1.09	-0.98	-1.01	-1.01	-1.02	-1.01	-0.25	-0.25	-0.25	-0.25	-0.22	-0.22	-0.22	-0.22
Common shares outstanding	339	340	341	342	345	346	348	348	349	347	357	366	373	375	378	374	372	343	384	354	222	221	215	213	211	201	201	201	201	324

about 2 months ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18
Operating cash flow +	3.97	2.10	1.06	0.41	0.36	0.22	0.20	0.14
Net income
Depreciation, depletion and amortization	0.19	0.45	0.49	0.55	0.43	0.25	0.09	0.02
Stock-based compensation	0.21	0.37	0.36	0.19	0.13	0.06	0.01	0.01
Change in inventory					-0.17	-0.04	-0.02
Other working capital changes	3.57	1.28	0.21	-0.33	-0.04	-0.06	0.11	0.12
Cash flow from investing +	0.40	-0.11	-0.08	-1.37	-1.21	-0.68	-0.41	-0.07
Capital expenditures	-0.03	0.00	0.00	0.00	-0.01	0.00	0.00	0.00
Others incl. marketable securities changes	0.43	-0.10	-0.07	-1.37	-1.21	-0.68	-0.41	-0.07
Cash flow from financing +	-2.59	-1.75	-1.56	-0.53	3.11	0.38	0.33	0.00
Dividend payout					0.00	-0.48	0.00
Common stock repurchases	-2.19	-0.98	-1.15	-0.34	0.00	0.00	0.00
Net Debt Issuance	-0.40	-0.77	-0.41	-0.19	3.11	0.86	0.34	0.00

Change in cash	1.78	0.24	-0.58	-1.49	2.25	-0.08	0.12	0.07
Change in exchange rate					0.00

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19	Dec-18
Operating cash flow +	1.29	1.31	1.05	0.77	0.83	0.70	0.55	0.45	0.39	0.34	0.20	0.23	0.29	0.16	0.17	0.11	-0.03	0.09	0.12	0.09	0.06	0.10	0.04	0.04	0.05	0.06	0.05	0.05	0.05	0.05
Net income
Depreciation, depletion and amortization	0.03	0.03	0.04	0.05	0.08	0.13	0.10	0.11	0.11	0.12	0.12	0.12	0.13	0.10	0.16	0.15	0.13	0.12	0.12	0.11	0.09	0.10	0.07	0.05	0.03	0.06	0.02	0.02	0.02	0.02
Stock-based compensation	0.08	0.08	0.03	0.04	0.06	0.09	0.08	0.10	0.10	0.09	0.11	0.08	0.08	0.05	0.04	0.06	0.04	0.04	0.03	0.03	0.03	0.04	0.01	0.01	0.00
Change in inventory										0.00	0.00	-0.01						-0.06	-0.01	-0.07	-0.03	0.00	-0.02	-0.02	0.00
Other working capital changes	1.17	1.20	0.99	0.69	0.69	0.48	0.37	0.25	0.18	0.13	-0.04	0.04	0.08	0.01	-0.03	-0.10	-0.21	-0.01	-0.02	0.02	-0.03	-0.04	-0.03	0.00	0.01	-0.01	0.03	0.03	0.03	0.03
Cash flow from investing +	-0.01	0.00	-0.06	0.45	-0.02	0.00	-0.01	-0.07	-0.03	-0.01	-0.02	-0.04	-0.01	0.02	-0.04	-0.29	-1.06	-0.01	-0.18	-1.00	-0.02	-0.12	-0.04	-0.47	-0.05
Capital expenditures	0.00	-0.03	0.00	0.00	0.00	0.00	0.00	-0.02	0.00	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others incl. marketable securities changes	-0.01	0.03	-0.06	0.45	-0.02	0.00	0.00	-0.05	-0.03	0.00	0.00	-0.04	-0.01	0.02	-0.04	-0.29	-1.06	-0.01	-0.18	-1.00	-0.02	-0.12	-0.04	-0.47	-0.05	0.00	0.00	0.00	0.00	0.00
Cash flow from financing +	-1.01	-0.49	-0.56	-0.54	-1.00	-0.52	-0.44	-0.36	-0.42	-0.17	-0.72	-0.56	-0.11	-0.06	-0.14	-0.27	-0.07	1.45	-0.08	1.34	0.40	0.13	-0.01	0.22	0.03	0.09	0.08	0.08	0.08	0.08
Dividend payout											-0.01	-0.01	0.00		-0.01			-0.25
Common stock repurchases	-0.98	-0.42	-0.50	-0.27	-1.00	0.00	-0.23	-0.36	-0.75	-0.13	-0.58	-0.51	-0.06	0.34	-0.09	-0.20	-0.04	0.00	0.01	1.75	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt Issuance	-0.03	-0.08	-0.06	-0.27	0.00	-0.52	-0.21	0.00	0.33	-0.04	-0.13	-0.04	-0.04	-0.40	-0.04	-0.07	-0.02	1.70	-0.08	-0.41	0.39	0.13	-0.01	0.23	0.03	0.09	0.08	0.08	0.08	0.08

Change in cash	0.27	0.82	0.43	0.68	-0.19	0.18	0.10	0.03	-0.06	0.17	-0.54	-0.37	0.16	0.13	0.00	-0.45	-1.16	1.52	-0.13	0.42	0.44	0.11	-0.01	-0.21	0.02	0.15	0.13	0.13	0.13	0.13
Change in exchange rate																		0.00			0.00