APP
Applovin Corp
NASDAQ: APP · COMMUNICATION SERVICES · ADVERTISING AGENCIES
$446.35
+0.66% today
Updated 2026-04-30
Market cap
$150.74B
P/E ratio
44.65
P/S ratio
27.50x
EPS (TTM)
$10.04
Dividend yield
—
52W range
$246 – $746
Volume
4.7M
Applovin Corp (APP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $483.36M | $994.10M | $1.45B | $2.79B | $2.82B | $3.28B | $4.71B | $5.48B |
| Revenue growth (YoY) | — | +105.7% | +46.0% | +92.5% | +0.9% | +16.5% | +43.4% | +16.4% |
| Cost of revenue | $53.76M | $241.27M | $555.58M | $988.10M | $1.26B | $1.06B | $1.17B | $665.14M |
| Gross profit | $429.61M | $752.83M | $895.51M | $1.81B | $1.56B | $2.22B | $3.54B | $4.82B |
| Gross margin | 88.9% | 75.7% | 61.7% | 64.6% | 55.4% | 67.7% | 75.2% | 87.9% |
| R&D | $16.27M | $44.97M | $180.65M | $366.40M | $507.61M | $592.39M | $638.69M | $226.51M |
| SG&A | $14.85M | $31.71M | $66.43M | $158.70M | $181.63M | $152.59M | $181.09M | $233.50M |
| Operating income | $242.44M | $194.37M | $-62.04M | $150.02M | $-47.79M | $648.21M | $1.87B | $4.15B |
| Operating margin | 50.2% | 19.6% | -4.3% | 5.4% | -1.7% | 19.7% | 39.8% | 75.8% |
| EBITDA | $247.74M | $293.00M | $197.12M | $580.54M | $513.77M | $1.15B | $2.34B | $4.35B |
| EBITDA margin | 51.3% | 29.5% | 13.6% | 20.8% | 18.2% | 34.9% | 49.8% | 79.5% |
| EBIT | $231.68M | $200.19M | $-57.83M | $149.48M | $-33.31M | $656.24M | $1.89B | $4.16B |
| Interest expense | $0.00 | $73.95M | $77.87M | $103.17M | $171.86M | $275.67M | $318.26M | $207.02M |
| Income tax | $19.74M | $7.19M | $-9.77M | $10.97M | $-12.23M | $23.86M | $-3.77M | $519.72M |
| Effective tax rate | -8.2% | 5.7% | 7.2% | 23.6% | 6.0% | 6.3% | -0.2% | 13.5% |
| Net income | $-260.00M | $119.04M | $-125.19M | $35.45M | $-192.75M | $356.71M | $1.58B | $3.33B |
| Net income growth (YoY) | — | +145.8% | -205.2% | +128.3% | -643.8% | +285.1% | +342.9% | +111.0% |
| Profit margin | -53.8% | 12.0% | -8.6% | 1.3% | -6.8% | 10.9% | 33.5% | 60.8% |