AppLovin (APP) financials
AppLovin revenue and earnings by year
AppLovin's revenue was $5.48 billion in the fiscal year to December 31, 2025, up 70.0% from the year before. Net income was $3.33 billion, 60.8% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 32.9% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 5.48 | 3.22 | 1.84 | 2.82 | 2.79 | 1.45 | 0.99 |
| Revenue growth | 70.0% | 75.1% | -34.6% | 0.9% | 92.5% | 46.0% | — |
| Gross profit | 4.82 | 2.70 | 1.49 | 1.56 | 1.81 | 0.90 | 0.75 |
| Gross margin | 87.9% | 83.9% | 80.6% | 55.4% | 64.6% | 61.7% | 75.7% |
| Operating income | 4.15 | 1.91 | 0.77 | -0.05 | 0.15 | -0.06 | 0.19 |
| Operating margin | 75.8% | 59.3% | 41.9% | -1.7% | 5.4% | -4.3% | 19.6% |
| Net income | 3.33 | 1.58 | 0.36 | -0.19 | 0.04 | -0.13 | 0.12 |
| Net margin | 60.8% | 49.0% | 19.4% | -6.8% | 1.3% | -8.6% | 12.0% |
| Diluted EPS | $9.75 | $4.53 | $0.98 | -$0.52 | $0.09 | -$0.58 | — |
| Free cash flow | 3.97 | 2.10 | 1.06 | 0.41 | 0.36 | 0.22 | 0.20 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open APP in Markets.
See also: APP valuation and P/E history · APP returns
No forecast, no recommendation. This page describes AppLovin from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.