Company research
AppLovin Corp
CIK 1751008Updated Sep 24, 2026
SecurityAPP · NASDAQ · equity
APP price & chart
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NASDAQ:APP on TradingView ↗In the news
Kaplan Fox & Kilsheimer LLP Alerts AppLovin Corporation (NASDAQ: APP) Investors to a Securities Class Action Deadline on November 16, 2026 ↗
$APP Stock Notification: AppLovin has been Sued for Securities Fraud after AI Progress Issues Disclosed – Investors are Alerted to Contact BFA Law by November 16 ↗
Bronstein, Gewirtz & Grossman LLC Urges AppLovin Corporation Investors to Act: Class Action Filed Alleging Investor Harm ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 7,259,610,000Source | 5,869,259,000Source | 5,359,187,000Source | 5,847,846,000Source |
| GoodwillUSD | 1,539,986,000Source | 1,803,426,000Source | 1,842,850,000Source | 1,823,755,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,487,096,000Source | 741,411,000Source | 502,152,000Source | 1,080,484,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,819,366,000Source | 1,414,246,000Source | 953,810,000Source | 702,814,000Source |
| Assets, CurrentUSD | 4,430,792,000Source | 2,312,190,000Source | 1,616,163,000Source | 1,939,083,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 124,330,000Source | 156,533,000Source | 160,201,000Source | 155,785,000Source |
| Operating Lease, Right-of-Use AssetUSD | 25,457,000Source | 38,069,000Source | 48,210,000Source | 60,379,000Source |
| Other Assets, NoncurrentUSD | 456,550,000Source | 658,367,000Source | 385,998,000Source | 268,426,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,124,939,000Source | 4,779,441,000Source | 4,102,858,000Source | 3,945,169,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 11,000Source | 11,000Source | 11,000Source | 11,000Source |
| Additional Paid in CapitalUSD | 446,550,000Source | 593,699,000Source | 2,134,581,000Source | 3,155,748,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,735,097,000Source | 599,204,000Source | -812,989,000Source | -1,169,700,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -46,987,000Source | -103,096,000Source | -65,274,000Source | -83,382,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,134,671,000Source | 1,089,818,000Source | 1,256,329,000Source | 1,902,677,000Source |
| Liabilities and EquityUSD | 7,259,610,000Source | 5,869,259,000Source | 5,359,187,000Source | 5,847,846,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,333,788,000Source | 1,057,472,000Source | 944,122,000Source | 578,958,000Source |
| Operating Lease, Liability, CurrentUSD | 13,943,000Source | 14,814,000Source | 13,605,000Source | 14,334,000Source |
| Accounts Payable, CurrentUSD | 746,977,000Source | 563,427,000Source | 371,702,000Source | 273,196,000Source |
| Operating Lease, Liability, NoncurrentUSD | 17,811,000Source | 32,608,000Source | 42,905,000Source | 54,153,000Source |
| Other Liabilities, NoncurrentUSD | 260,353,000Source | 180,378,000Source | 209,925,000Source | 106,676,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 572,868,000Source | 409,392,000Source | 252,202,000Source | 147,801,000Source |
| Deferred Revenue, CurrentUSD | 47,682,000Source | — | — | — |
| Long-term DebtUSD | 3,512,987,000Source | 3,508,983,000Source | 3,120,906,000Source | 3,211,722,000Source |
| Long-term Debt, Current MaturitiesUSD | — | 0Source | 215,000,000Source | 33,310,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 3,512,987,000Source | 3,508,983,000Source | 2,905,906,000Source | 3,178,412,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | — | 0Source | 0Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | 1,579,776,000Source | 356,711,000Source | -192,947,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 194,778,000Source | 448,680,000Source | 489,008,000Source | 547,084,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 210,421,000Source | 369,367,000Source | 363,107,000Source | 191,612,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 542,219,000Source | 467,028,000Source | 261,279,000Source | 174,829,000Source |
| Deferred Income Tax Expense (Benefit)USD | -6,316,000Source | -196,075,000Source | -82,372,000Source | -102,169,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 3,971,094,000Source | 2,099,011,000Source | 1,061,510,000Source | 412,773,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 63,899,000Source | 1,339,827,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 358,428,000Source | -106,754,000Source | -77,829,000Source | -1,371,468,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 373,000Source | — | — | -4,312,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 4,776,000Source | 4,246,000Source | 662,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 392,410,000Source | 1,143,525,000Source | 246,435,000Source | 27,535,000Source |
| Payments for Repurchase of Common StockUSD | 2,191,944,000Source | 981,297,000Source | 1,153,593,000Source | 338,880,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,593,069,000Source | -1,749,844,000Source | -1,562,791,000Source | -526,848,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 1,745,685,000Source | 239,259,000Source | -578,332,000Source | -1,490,020,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,487,096,000Source | 741,411,000Source | 502,152,000Source | 1,080,484,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 198,788,000Source | 270,615,000Source | 248,828,000Source | 165,959,000Source |
| Income Taxes Paid, NetUSD | 194,843,000Source | 67,332,000Source | 75,433,000Source | 86,264,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | -3,154,000Source | 778,000Source | -4,477,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 211,621,000Source | 376,455,000Source | 363,107,000Source | 191,612,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 5,175,000Source | 5,460,000Source | 9,363,000Source | 12,678,000Source |
| Amortization of Intangible AssetsUSD | 97,404,000Source | 412,628,000Source | 450,146,000Source | 514,635,000Source |
| DepreciationUSD | 25,700,000Source | 29,400,000Source | 26,400,000Source | 29,300,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 50,000,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -291,000Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -28,375,000Source | — | 0Source |
| General and Administrative ExpenseUSD | 233,502,000Source | 181,085,000Source | 152,585,000Source | 181,627,000Source |
| GoodwillUSD | 1,539,986,000Source | 1,803,426,000Source | 1,842,850,000Source | 1,823,755,000Source |
| Goodwill, Impairment LossUSD | 188,943,000Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 3,433,195,000Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -99,444,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 519,715,000Source | -3,771,000Source | 23,859,000Source | -12,230,000Source |
| Net Income (Loss) Attributable to ParentUSD | 3,333,751,000Source | 1,579,776,000Source | 356,711,000Source | -192,746,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 3,333,286,000Source | 1,577,059,000Source | 354,942,000Source | -192,746,000Source |
| Nonoperating Income (Expense)USD | -199,004,000Source | -297,454,000Source | -267,637,000Source | -157,386,000Source |
| Other Nonoperating Income (Expense)USD | 8,012,000Source | 20,806,000Source | 8,028,000Source | 14,477,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 20,932,000Source | 25,487,000Source |
| Restructuring CostsUSD | — | -22,823,000Source | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 18,800,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 5,480,717,000Source | 4,709,248,000Source | 3,283,087,000Source | 2,817,058,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | 4,151,914,000Source | 1,873,459,000Source | 648,207,000Source | -47,791,000Source |
| Other Nonoperating Income (Expense)USD | 8,012,000Source | 20,806,000Source | 8,028,000Source | 14,477,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 3,952,910,000Source | 1,576,005,000Source | 380,570,000Source | -205,177,000Source |
| Income Tax Expense (Benefit)USD | 519,715,000Source | -3,771,000Source | 23,859,000Source | -12,230,000Source |
| Net Income (Loss) Attributable to ParentUSD | 3,333,751,000Source | 1,579,776,000Source | 356,711,000Source | -192,746,000Source |
| Earnings Per Share, BasicUSD per share | 9.84Source | 4.68Source | 1.01Source | -0.52Source |
| Earnings Per Share, DilutedUSD per share | 9.75Source | 4.53Source | 0.98Source | -0.52Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 338,781,000Source | 336,921,483Source | 351,952,187Source | 371,568,011Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 341,970,000Source | 347,807,555Source | 362,589,246Source | 371,568,011Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 97,404,000Source | 412,628,000Source | 450,146,000Source | 514,635,000Source |
| Business Combination, Acquisition Related CostsUSD | — | -885,000Source | — | — |
| Costs and ExpensesUSD | 1,328,803,000Source | 2,835,789,000Source | 2,634,880,000Source | 2,864,849,000Source |
| Current Income Tax Expense (Benefit)USD | 526,031,000Source | 192,304,000Source | 106,231,000Source | 89,939,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 50,000,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | -291,000Source | — | — |
| General and Administrative ExpenseUSD | 233,502,000Source | 181,085,000Source | 152,585,000Source | 181,627,000Source |
| Goodwill, Impairment LossUSD | 188,943,000Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 3,433,195,000Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 2,210,613,000Source | 125,402,000Source | 14,911,000Source | 8,660,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | 10.13Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | 10.04Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -99,444,000Source | — | — | — |
| Interest Expense, DebtUSD | 200,615,000Source | 307,976,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 3,333,286,000Source | 1,577,059,000Source | 354,942,000Source | -192,746,000Source |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | 3,432,717,000Source | — | — | — |
| Nonoperating Income (Expense)USD | -199,004,000Source | -297,454,000Source | -267,637,000Source | -157,386,000Source |
| Research and Development ExpenseUSD | 226,510,000Source | 638,689,000Source | 592,386,000Source | 507,607,000Source |
| Restructuring CostsUSD | — | -22,823,000Source | — | — |
| Selling and Marketing ExpenseUSD | 203,651,000Source | 849,209,000Source | 830,718,000Source | 919,550,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | 2,717,000Source | 1,769,000Source | 0Source |