Financials in USD. Standardized financial statements.
A compact view of how AppLovin Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $5.48B | $3.22B | $1.84B | $2.82B | $2.79B | $1.45B | $994.10M | $483.36M |
| Revenue Growth? | +70.0% | +75.1% | -34.6% | +0.9% | +92.5% | +46.0% | +105.7% | 0.0% |
| Cost of Revenue? | $665.14M | $520.61M | $356.61M | $1.26B | $988.10M | $555.58M | $241.27M | $53.76M |
| Gross Profit? | $4.82B | $2.70B | $1.49B | $1.56B | $1.81B | $895.51M | $752.83M | $429.61M |
| Gross Margin? | +87.9% | +83.9% | +80.6% | +55.4% | +64.6% | +61.7% | +75.7% | +88.9% |
| Operating Expenses? | $663.66M | $792.49M | $712.74M | $1.61B | $1.65B | $957.55M | $558.46M | $187.16M |
| Operating Income? | $4.15B | $1.91B | $772.41M | -$47.79M | $150.02M | -$62.04M | $194.37M | $242.44M |
| EBITDA? | $4.35B | $2.38B | $1.26B | $513.77M | $580.54M | $197.12M | $293.00M | $247.74M |
| Income Before Tax | $3.95B | $1.61B | $501.60M | -$205.18M | $46.31M | -$135.71M | $126.23M | -$240.26M |
| Income Tax Expense | $519.72M | $22.42M | $43.78M | -$12.23M | $10.97M | -$9.77M | $7.19M | $19.74M |
| Net Income? | $3.33B | $1.58B | $357.21M | -$192.75M | $35.45M | -$125.19M | $119.04M | -$260.00M |
| EPS? | $9.84 | $4.68 | $1.01 | $-0.52 | $0.10 | $-0.58 | $0.36 | $-1.37 |
| Diluted EPS? | $9.75 | $4.53 | $0.98 | $-0.52 | $0.09 | $-0.58 | $0.36 | $-1.37 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality