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MARKETS / NASDAQ / APP
NASDAQ · SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. · LARGE CAP

AppLovin Corp. APP

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.5B
▲ 70.0% YoY
$3.3B
▲ 111.0% YoY
In brief

What this company does

AppLovin Corp provides end-to-end artificial intelligence-powered advertising solutions that businesses use to reach, monetize and grow their global audience. Its advertising solutions comprise a suite of tools: Axon Ads Manager, a user-acquisition tool powered by its Axon AI recommendation engine that matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding monetization tool that runs a real-time competitive auction for publisher advertising inventory; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV (CTV) platform that distributes streaming video for content companies and provides advertising and publishing solutions. As of December 31, 2025, it had a total of 898 employees, comprised of 876 full-time and 22 part-time/intern employees, located in 15 countries. As of December 31, 2025, it had approximately 380 employees, or 42% of its total headcount, involved in research and development and related activities. It was incorporated under the laws of the state of Delaware in July 2011.

Written from the business description in AppLovin Corp's annual report to the U.S. Securities and Exchange Commission, filed 19 February 2026. Every sentence was checked against that document before publication.

Growth
USD 5.5B
Revenue, FY2025 · full 7-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.5 · Net income 3.3
2B4B2019202020212022202320242025
Compound annual growth
+24.8%
+30.4%
+91.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +30.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
61 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 75.8% · Net 60.8%
20%40%60%-5%2019202020212022202320242025
ROE
FY2025 · ROE 206.8%
100%200%2019202020212022202320242025

Each USD of equity produced 207 cents of profit this year.

Cash & shareholders
USD 2.2B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2024 · FCF 2.1
0.8B1.6B2019202020212022202320242025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 2.2
0.8B1.6B2019202020212022202320242025

USD 2.2B in buybacks — 66% of the year's profit went back to shareholders.

Total assetsUSD 7.3B
EquityUSD 2.1B
CashUSD 2.5B
Gross debtUSD 3.5B
Net debtUSD 1.0B
Current ratio3.32×

Net debt stands at 48% of equity.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B5.53.21.82.82.81.51.0
Operating income $B4.21.90.8−0.00.2−0.10.2
EBITDA $B4.32.41.30.50.60.20.3
Income tax $B0.50.00.0−0.00.0−0.00.0
Net income $B3.31.60.4−0.20.0−0.10.1
Free cash flow $B·2.11.10.40.40.20.2
EPS, diluted $9.754.530.98−0.520.09−0.580.36
Dividend / sh $·······
Payout %·······
ROE %206.8134.722.6−9.53.6··
Shares out B0.340.340.340.370.380.23·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 26 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 62 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Computer Programming, Data Processing, Etc.
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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