AppLovin Corporation
Rank #55HypergrowthAPP · Nasdaq · Communication Services
AppLovin Corporation (APP) — Rank #55 by gross profitability (GP/assets 0.58) · ROE 105.4% · Piotroski F-Score 9 / 9.
As-of 2026-09-15 · CIK 0001751008 · all metrics point-in-time as of the filing date.
About
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally.
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It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers.
The company was incorporated in 2011 and is headquartered in Palo Alto, California.
- Industry
- Advertising Agencies
- Sector
- Communication Services
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- applovin.com
Financials
Strengthening
Direction over 5 fiscal years
- Free cash flowimproving
- Gross marginimproving
- Gross profitabilityimproving
- Net cashstable
- Operating marginimproving
- Return on equityimproving
- Share count (dilution)improving
Monitoring diagnostic of business direction — not a prediction of returns.
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-02-19 | 2024-12-31filed 2025-02-27 | 2023-12-31filed 2024-02-26 | 2022-12-31filed 2023-02-28 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 5,480.7 | 4,709.2 | 3,283.1 | 2,817.1 |
| Revenue growth (YoY) | 70.0% | 43.4% | 16.5% | 0.9% |
| Gross profit | 4,815.6 | 3,542.4 | 2,223.9 | 1,561.0 |
| Gross margin | 87.9% | 75.2% | 67.7% | 55.4% |
| Net income | 3,333.8 | 1,579.8 | 356.7 | (192.7) |
| Net margin | 60.8% | 33.5% | 10.9% | -6.8% |
| EPS (diluted) | $9.75 | $4.53 | $0.98 | -$0.52 |
| EPS growth (YoY) | 115.2% | 362.2% | 288.5% | — |
| Cash flow | ||||
| Operating cash flow | 3,971.1 | 2,099.0 | 1,061.5 | 412.8 |
| Capital expenditures | — | 4.8 | 4.2 | 0.7 |
| Free cash flow | — | 2,094.2 | 1,057.3 | 412.1 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?