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AppLovin Corp
APPCIK 0001751008NasdaqLarge AcceleratedServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31
Period
FY 2025
Revenue
$5.48B
Net Income
$3.33B
Total Assets
$7.26B
Equity
$2.13B
Shares Out
336.29M
Op. Cash Flow
$3.97B
Business
AppLovin Corp provides end-to-end artificial intelligence-powered advertising solutions that help businesses reach, monetize, and grow their global audiences. The company offers a comprehensive suite of tools including Axon Ads Manager (user acquisition), MAX (in-app monetization and bidding), Adjust (measurement and analytics), and Wurl (connected TV platform for streaming video distribution and advertising). AppLovin serves advertisers, publishers, and developers globally across mobile apps, web-based e-commerce, social media, and connected TV verticals.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 5,481 | 3,224 | 1,842 | 2,817 | 2,793 | |
| Cost of revenue | 665 | 521 | 357 | 1,256 | 988 | |
| Sales and marketing | 204 | 253 | 228 | 920 | 1,130 | |
| Research and development | 227 | 375 | 334 | 508 | 366 | |
| General and administrative | 234 | 165 | 151 | 182 | 159 | |
| Total costs and expenses | 1,329 | 1,313 | 1,069 | 2,865 | 2,643 | |
| Income from operations | 4,152 | 1,911 | 772 | −48 | 150 | |
| Interest expense and loss on settlement of debt | −207 | −317 | −274 | −172 | −103 | |
| Other income, net | 8 | 18 | 3 | 14 | −535,000 | |
| Total other expense, net | −199 | −299 | −271 | −157 | −104 | |
| Income before income taxes | 3,953 | 1,612 | 502 | −205 | 46 | |
| Provision for income taxes | 520 | 22 | 44 | −12 | 11 | |
| Net income from continuing operations | 3,433 | 1,590 | 458 | — | — | |
| Loss from discontinued operations, net of income taxes | −99 | −10 | −101 | — | — | |
| Net income | 3,334 | 1,580 | 357 | −193 | 35 | |
| Continuing operations (in dollars per share) | 10.13 | 4.71 | 1.29 | — | — | |
| Discontinued operations (in dollars per share) | −0.29 | −0.03 | −0.28 | — | — | |
| Basic net income per share (in dollars per share) | 9.84 | 4.68 | 1.01 | −0.52 | 0.1 | |
| Continuing operations (in dollars per share) | 10.04 | 4.56 | 1.26 | — | — | |
| Discontinued operations (in dollars per share) | −0.29 | −0.03 | −0.28 | — | — | |
| Diluted net income per share (in dollars per share) | 9.75 | 4.53 | 0.98 | −0.52 | 0.09 | |
| Basic (in shares) | 339 | 337 | 352 | 372 | 325 | |
| Diluted (in shares) | 342 | 348 | 363 | 372 | 343 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2,487 | 697 | 502 | 1,080 | — | |
| Accounts receivable, net | 1,819 | 1,283 | 954 | 703 | — | |
| Prepaid expenses and other current assets | 124 | 140 | 160 | 156 | — | |
| Current assets of discontinued operations | 0 | 191 | — | — | — | |
| Total current assets | 4,431 | 2,312 | 1,616 | 1,939 | — | |
| Property and equipment, net | 122 | 160 | 173 | 79 | — | |
| Operating lease right-of-use assets | 25 | 36 | 48 | 60 | — | |
| Goodwill | 1,540 | 1,458 | 1,497 | 1,824 | 1,800 | |
| Intangible assets, net | 397 | 473 | 1,293 | 1,678 | — | |
| Equity method investments | 288 | 0 | — | — | — | |
| Other assets | 457 | 493 | 386 | 268 | — | |
| Non-current assets of discontinued operations | 0 | 937 | — | — | — | |
| Total assets | 7,260 | 5,869 | 5,359 | 5,848 | — | |
| Accounts payable | 747 | 504 | 372 | 273 | — | |
| Accrued and other current liabilities | 573 | 402 | 265 | 148 | — | |
| Operating lease liabilities, current | 14 | 15 | 14 | 14 | — | |
| Current liabilities of discontinued operations | 0 | 137 | — | — | — | |
| Total current liabilities | 1,334 | 1,057 | 944 | 579 | — | |
| Long-term debt | 3,513 | 3,509 | 2,906 | 3,178 | — | |
| Operating lease liabilities, non-current | 18 | 31 | 43 | 54 | — | |
| Other non-current liabilities | 260 | 180 | 210 | 107 | — | |
| Non-current liabilities of discontinued operations | 0 | 1 | — | — | — | |
| Total liabilities | 5,125 | 4,779 | 4,103 | 3,945 | — | |
| Commitments and contingencies (Note 6) | — | — | — | — | — | |
| Preferred stock, $0.00003 par value100,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | — | |
| Class A, Class B, and Class C Common Stock, $0.00003 par value1,850,000 (Class A 1,500,000, Class B 200,000, Class C 150,000) shares authorized, 338,313 (Class A 307,955, Class B 30,358, Class C nil) and 340,042 (Class A 309,353, Class B 30,689, Class C nil) shares issued and outstanding as of December 31, 2025 and 2024, respectively | 11,000 | 11,000 | 11,000 | 11,000 | — | |
| Additional paid-in capital | 447 | 594 | 2,135 | 3,156 | — | |
| Accumulated other comprehensive loss | −47 | −103 | −65 | −83 | — | |
| Retained earnings | 1,735 | 599 | −813 | −1,170 | — | |
| Total stockholders equity | 2,135 | 1,090 | 1,256 | 1,903 | — | |
| Total liabilities and stockholders equity | 7,260 | 5,869 | 5,359 | 5,848 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization, depreciation and write-offs | 195 | 449 | 489 | 547 | 431 | |
| Goodwill impairment | 189 | 0 | 0 | — | — | |
| Stock-based compensation, excluding cash-settled awards | 210 | 369 | 363 | 192 | 133 | |
| Gain on divestiture, net of transaction costs | −106 | 0 | 0 | — | — | |
| Impairment of investments | 50 | 0 | 28 | 0 | 0 | |
| Loss on settlement of debt | 0 | 28 | 4 | 0 | 18 | |
| Change in operating right-of-use assets | 12 | 13 | 18 | 17 | 26 | |
| Other | 9 | 10 | 11 | 2 | 7 | |
| Accounts receivable | −542 | −467 | −261 | −175 | −202 | |
| Prepaid expenses and other assets | 135 | −185 | −134 | — | — | |
| Accounts payable | 232 | 190 | 99 | 3 | 99 | |
| Operating lease liabilities | −15 | −14 | −19 | −19 | −27 | |
| Accrued and other liabilities | 268 | 127 | 107 | −6 | 3 | |
| Net cash provided by operating activities | 3,971 | 2,099 | 1,062 | 413 | 362 | |
| Purchase of intangible assets | −28 | −26 | −64 | — | — | |
| Purchase of non-marketable equity securities | −20 | −77 | −18 | −66 | −15 | |
| Proceeds from divestiture, net of cash divested | 407 | 0 | 0 | — | — | |
| Other investing activities | −373,000 | −4 | 4 | 4 | 12 | |
| Net cash provided by (used in) investing activities | 358 | −107 | −78 | −1,371 | −1,215 | |
| Repurchases of common stock | −2,192 | −981 | −1,154 | −339 | 0 | |
| Payments of withholding taxes related to net share settlement | −392 | −1,144 | −246 | −28 | 0 | |
| Principal repayments of debt | −200 | −4,225 | −498 | −26 | −720 | |
| Payments of deferred acquisition costs | 0 | 0 | −34 | −124 | −234 | |
| Principal payments of finance leases | −19 | −21 | −20 | −24 | −15 | |
| Payments of licensed asset obligation | −14 | 0 | −27 | −17 | −18 | |
| Payments of debt issuance cost | −2 | −36 | −5 | 0 | −15 | |
| Proceeds from issuance of debt | 200 | 4,615 | 395 | 0 | — | |
| Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares | 25 | 42 | 26 | 31 | — | |
| Net cash used in financing activities | −2,593 | −1,750 | −1,563 | −527 | 3,110 | |
| Effect of foreign exchange rate on cash and cash equivalents | 9 | −3 | 778,000 | — | — | |
| Net increase in cash and cash equivalents, including cash classified within current assets of discontinued operations | 1,746 | 239 | −578 | −1,490 | 2,253 | |
| Less: net decrease in cash classified within current assets of discontinued operations | −44 | 0 | 0 | — | — | |
| Net (decrease) increase in cash and cash equivalents | 1,790 | 239 | −578 | — | — | |
| Non-cash consideration received from divestiture | 285 | 0 | 0 | — | — | |
| Right-of-use assets obtained in exchange for lease obligations, net of modifications | −29 | 26 | 120 | — | — | |
| Accrued withholding taxes related to net share settlement of restricted stock units | 0 | 9 | 0 | 0 | — | |
| Cash paid for income taxes, net of refunds | 195 | 67 | 75 | 86 | 91 | |
| Cash paid for interest | 199 | 271 | 249 | 166 | 77 |
Filings
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Frequently asked questions
What is AppLovin Corp's CIK number?
AppLovin Corp's SEC CIK number is 0001751008 (1751008). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AppLovin Corp's SEC filings?
All of AppLovin Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AppLovin Corp last report earnings?
AppLovin Corp (APP) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001751008-26-000042). This is AppLovin Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is AppLovin Corp's most recent earnings 8-K?
AppLovin Corp's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001751008-26-000042. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AppLovin Corp's latest earnings 8-K →
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