AppLovin Corp (APP)
Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014Q4-CY2013
Balance Sheet Date2025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-30
Fiscal PeriodQ3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021
Close Price of Common Stock520.48$718.52$349.96$264.97$323.84$130.48$83.20$69.24$39.88$39.96$25.71$15.77$10.53$19.50$34.47$55.09$94.19$72.32$75.28$
Market Cap of Common Stock176,199,655,840$243,422,004,056$118,413,011,188$90,100,859,583$108,642,212,701$43,602,324,930$27,367,734,521$23,533,755,939$13,389,384,129$13,925,924,655$9,544,997,725$5,894,118,612$3,913,470,056$7,275,223,035$12,936,109,764$20,663,672,842$35,193,258,506$26,914,995,870$
QoQ%(27.62%)105.57%31.42%(17.07%)149.17%59.32%16.29%75.76%(3.85%)45.90%61.94%50.61%(46.21%)(43.76%)(37.40%)(41.29%)30.76%
YoY%62.18%458.28%332.67%282.86%711.41%213.10%186.72%299.28%242.14%91.42%(26.21%)(71.48%)(88.88%)(72.97%)
Common Shares Outstanding338,533,000338,782,503338,361,559340,042,000335,481,141334,168,646328,958,886339,886,712335,783,928348,496,613371,256,232373,873,683371,649,578373,184,049375,286,039375,089,360373,641,135372,165,319227,382,048226,364,401224,931,718219,964,017
QoQ%(.07%).12%(.49%)1.36%.39%1.58%(3.22%)1.22%(3.65%)(6.13%)(.70%).60%(.41%)(.56%).05%.39%.40%63.67%.45%.64%2.26%
YoY%.91%1.38%2.86%.05%(.09%)(4.11%)(11.39%)(9.09%)(9.65%)(6.62%)(1.07%)(.32%)(.53%).27%65.05%65.70%66.11%69.19%
Price to Sales26.57x36.70x19.53x16.34x21.35x12.26x7.63x6.49x4.08x4.59x3.31x2.03x1.39x2.50x4.43x7.34x12.60x10.73x
Price to Earnings62.27x86.02x48.76x46.95x68.87x37.90x33.22x39.62x37.74x134.10x485.55x-----1,130.09x-
Price to Book119.54x165.15x101.46x156.58x99.69x46.47x33.59x30.96x10.66x12.71x6.29x3.10x2.06x3.87x6.78x10.27x16.46x13.14x
Total Revenue1,405,045,000$1,258,754,000$1,484,021,000$2,484,677,000$835,186,000$711,015,000$1,058,115,000$953,261,000$864,256,000$750,165,000$715,405,000$702,307,000$713,099,000$776,231,000$625,421,000$793,470,000$726,951,000$668,806,000$603,877,000$509,837,000$381,740,000$299,331,000$
QoQ%11.62%(15.18%)(40.27%)197.50%17.46%(32.80%)11.00%10.30%15.21%4.86%1.87%(1.51%)(8.13%)24.11%(21.18%)9.15%8.69%10.75%18.45%33.56%27.53%
YoY%68.23%77.04%40.25%160.65%(3.36%)(5.22%)47.90%35.73%21.20%(3.36%)14.39%(11.49%)(1.91%)16.06%3.57%55.63%90.43%123.43%
TTM6,632,497,000$6,062,638,000$5,514,899,000$5,088,993,000$3,557,577,000$3,586,647,000$3,625,797,000$3,283,087,000$3,032,133,000$2,880,976,000$2,907,042,000$2,817,058,000$2,908,221,000$2,922,073,000$2,814,648,000$2,793,104,000$2,509,471,000$2,164,260,000$1,794,785,000$
TTM_QoQ%9.40%9.93%8.37%43.05%(.81%)(1.08%)10.44%8.28%5.25%(.90%)3.19%(3.14%)(.47%)3.82%.77%11.30%15.95%20.59%
TTM_YoY%86.43%69.03%52.10%55.01%17.33%24.49%24.73%16.54%4.26%(1.41%)3.28%.86%15.89%35.02%56.82%
Gross Margin87.56%87.68%81.72%67.82%85.52%82.88%72.20%71.30%69.33%65.53%63.38%47.41%57.79%60.85%54.95%66.59%65.05%63.24%63.06%61.16%57.29%60.56%
QoQ(.13%)5.96%13.90%(17.70%)2.65%10.67%.90%1.97%3.80%2.15%15.98%(10.39%)(3.05%)5.90%(11.64%)1.53%1.81%.18%1.90%3.88%(3.28%)
YoY2.03%4.81%9.52%(3.48%)16.19%17.34%8.82%23.89%11.54%4.69%8.44%(19.18%)(7.26%)(2.39%)(8.12%)5.43%7.77%2.68%
Operating Income1,079,007,000$957,682,000$663,471,000$590,837,000$534,299,000$384,422,000$339,559,000$269,514,000$186,318,000$131,328,000$61,047,000$(22,426,000$)49,267,000$53,355,000$(127,987,000$)58,525,000$45,048,000$34,978,000$11,465,000$(4,958,000$)(75,458,000$)(6,762,000$)
QoQ%12.67%44.34%12.29%10.58%38.99%13.21%25.99%44.65%41.87%115.13%372.22%(145.52%)(7.66%)141.69%(318.69%)29.92%28.79%205.09%331.24%93.43%(1,015.91%)
YoY%101.95%149.12%95.39%119.22%186.77%192.72%456.23%1,301.79%278.18%146.14%147.70%(138.32%)9.37%52.54%(1,216.33%)1,280.42%159.70%617.27%
TTM3,290,997,000$2,746,289,000$2,173,029,000$1,849,117,000$1,527,794,000$1,179,813,000$926,719,000$648,207,000$356,267,000$219,216,000$141,243,000$(47,791,000$)33,160,000$28,941,000$10,564,000$150,016,000$86,533,000$(33,973,000$)(75,713,000$)
TTM_QoQ%19.83%26.38%17.52%21.03%29.50%27.31%42.97%81.94%62.52%55.21%395.54%(244.12%)14.58%173.96%(92.96%)73.36%354.71%55.13%
TTM_YoY%115.41%132.77%134.49%185.27%328.83%438.20%556.12%1,456.34%974.39%657.46%1,237.02%(131.86%)(61.68%)185.19%113.95%
Operating Margin76.80%76.08%44.71%23.78%63.97%54.07%32.09%28.27%21.56%17.51%8.53%(3.19%)6.91%6.87%(20.46%)7.38%6.20%5.23%1.90%(.97%)(19.77%)(2.26%)
QoQ.71%31.37%20.93%(40.20%)9.91%21.98%3.82%6.72%4.05%8.97%11.73%(10.10%).04%27.34%(27.84%)1.18%.97%3.33%2.87%18.80%(17.51%)
YoY12.82%22.02%12.62%(4.49%)42.42%36.56%23.56%31.47%14.65%10.63%29.00%(10.57%).71%1.64%(22.36%)8.35%25.96%7.49%
Net Income835,545,000$819,531,000$576,419,000$599,204,000$434,420,000$309,969,000$236,183,000$172,233,000$108,639,000$80,357,000$(4,518,000$)(79,512,000$)23,662,000$(21,799,000$)(115,298,000$)31,407,000$142,000$14,364,000$(10,575,000$)(18,973,000$)(89,914,000$)(21,711,000$)
QoQ%1.95%42.18%(3.80%)37.93%40.15%31.24%37.13%58.54%35.20%1,878.60%94.32%(436.03%)208.55%81.09%(467.11%)22,017.61%(99.01%)235.83%44.26%78.90%(314.14%)
YoY%92.34%164.39%144.06%247.90%299.88%285.74%5,327.60%316.61%359.13%468.63%96.08%(353.17%)16,563.38%(251.76%)(990.29%)265.54%100.16%166.16%
TTM2,830,699,000$2,429,574,000$1,920,012,000$1,579,776,000$1,152,805,000$827,024,000$597,412,000$356,711,000$104,966,000$19,989,000$(82,167,000$)(192,947,000$)(82,028,000$)(105,548,000$)(69,385,000$)35,338,000$(15,042,000$)(105,098,000$)(141,173,000$)
TTM_QoQ%16.51%26.54%21.54%37.04%39.39%38.43%67.48%239.84%425.12%124.33%57.42%(135.22%)22.28%(52.12%)(296.35%)334.93%85.69%25.55%
TTM_YoY%145.55%193.77%221.39%342.87%998.27%4,037.40%827.07%284.88%227.96%118.94%(18.42%)(646.00%)(445.33%)(.43%)50.85%
Profit Margin59.47%65.11%38.84%24.12%52.02%43.60%22.32%18.07%12.57%10.71%(.63%)(11.32%)3.32%(2.81%)(18.44%)3.96%.02%2.15%(1.75%)(3.72%)(23.55%)(7.25%)
QoQ(5.64%)26.27%14.73%(27.90%)8.42%21.27%4.25%5.50%1.86%11.34%10.69%(14.64%)6.13%15.63%(22.39%)3.94%(2.13%)3.90%1.97%19.83%(16.30%)
YoY7.45%21.51%16.52%6.05%39.45%32.88%22.95%29.39%9.25%13.52%17.80%(15.28%)3.30%(4.96%)(16.68%)7.68%23.57%9.40%
Equity to Common Shareholders1,473,920,000$1,167,127,000$575,421,000$1,089,818,000$938,206,000$814,836,000$760,204,000$1,256,329,000$1,095,790,000$1,517,400,000$1,898,580,000$1,902,677,000$1,881,902,000$1,907,175,000$2,012,295,000$2,138,090,000$2,049,059,000$1,997,441,000$(129,977,000$)(158,545,000$)(194,059,000$)(226,468,000$)
QoQ306,793,000$591,706,000$(514,397,000$)151,612,000$123,370,000$54,632,000$(496,125,000$)160,539,000$(421,610,000$)(381,180,000$)(4,097,000$)20,775,000$(25,273,000$)(105,120,000$)(125,795,000$)89,031,000$51,618,000$2,127,418,000$28,568,000$35,514,000$32,409,000$
QoQ%26.29%102.83%(47.20%)16.16%15.14%7.19%(39.49%)14.65%(27.79%)(20.08%)(.22%)1.10%(1.33%)(5.22%)(5.88%)4.35%2.58%1,636.77%18.02%18.30%14.31%
YoY535,714,000$352,291,000$(184,783,000$)(166,511,000$)(157,584,000$)(702,564,000$)(1,138,376,000$)(646,348,000$)(786,112,000$)(389,775,000$)(113,715,000$)(235,413,000$)(167,157,000$)(90,266,000$)2,142,272,000$2,296,635,000$2,243,118,000$2,223,909,000$
YoY%57.10%43.24%(24.31%)(13.25%)(14.38%)(46.30%)(59.96%)(33.97%)(41.77%)(20.44%)(5.65%)(11.01%)(8.16%)(4.52%)1,648.19%1,448.57%1,155.90%982.00%
Dividends Paid
Additional Paid-In Capital QoQ(20,901,000$)(25,743,000$)(119,057,000$)(398,889,000$)(179,702,000$)(248,605,000$)(713,686,000$)(40,077,000$)(513,122,000$)(458,383,000$)(9,585,000$)43,524,000$(37,250,000$)(14,007,000$)2,994,000$75,559,000$69,695,000$
Treasury Stock
QoQ
Goodwill1,540,889,000$1,539,301,000$1,639,796,000$1,457,685,000$1,852,299,000$1,821,913,000$1,827,197,000$1,842,850,000$1,813,567,000$1,830,710,000$1,833,699,000$1,823,755,000$1,763,170,000$1,819,104,000$1,584,928,000$966,427,000$997,661,000$1,016,074,000$249,773,000$
QoQ%.10%(6.13%)12.49%(21.30%)1.67%(.29%)(.85%)1.62%(.94%)(.16%).55%3.44%(3.08%)14.78%64.00%(3.13%)(1.81%)
YoY%(16.81%)(15.51%)(10.26%)(20.90%)2.14%(.48%)(.36%)1.05%2.86%.64%15.70%88.71%76.73%79.03%286.92%
Other Intangible Assets421,868,000$448,179,000$855,046,000$472,851,000$1,023,643,000$1,101,935,000$1,198,122,000$1,292,635,000$1,386,591,000$1,493,996,000$1,574,547,000$1,677,660,000$1,889,163,000$2,028,974,000$2,018,098,000$1,709,347,000$1,758,796,000$1,675,669,000$1,086,332,000$
QoQ(26,311,000$)(406,867,000$)382,195,000$(550,792,000$)(78,292,000$)(96,187,000$)(94,513,000$)(93,956,000$)(107,405,000$)(80,551,000$)(103,113,000$)(211,503,000$)(139,811,000$)10,876,000$308,751,000$(49,449,000$)83,127,000$
Amortization of Intangible Assets25,618,000$23,352,000$70,743,000$342,897,000$23,291,000$23,203,000$104,961,000$111,569,000$110,227,000$112,918,000$115,432,000$122,977,000$127,878,000$142,769,000$121,011,000$106,935,000$102,824,000$101,234,000$85,394,000$93,783,000$68,585,000$47,288,000$
Total Assets6,343,035,000$5,959,497,000$5,706,701,000$5,869,259,000$5,442,484,000$5,269,466,000$5,262,517,000$5,359,187,000$5,005,228,000$5,482,120,000$5,915,840,000$5,847,846,000$5,805,398,000$5,930,828,000$6,167,193,000$6,163,579,000$4,567,760,000$4,599,571,000$2,154,593,000$
QoQ383,538,000$252,796,000$(162,558,000$)426,775,000$173,018,000$6,949,000$(96,670,000$)353,959,000$(476,892,000$)(433,720,000$)67,994,000$42,448,000$(125,430,000$)(236,365,000$)3,614,000$1,595,819,000$(31,811,000$)
YoY900,551,000$690,031,000$444,184,000$510,072,000$437,256,000$(212,654,000$)(653,323,000$)(488,659,000$)(800,170,000$)(448,708,000$)(251,353,000$)(315,733,000$)1,237,638,000$1,331,257,000$4,008,986,000$
Total Liabilities4,869,115,000$4,792,370,000$5,131,280,000$4,779,441,000$4,504,278,000$4,454,630,000$4,502,313,000$4,102,858,000$3,909,438,000$3,964,720,000$4,017,260,000$3,945,169,000$3,923,496,000$4,023,544,000$4,154,738,000$4,025,288,000$2,518,541,000$2,601,934,000$2,312,829,000$
QoQ76,745,000$(338,910,000$)351,839,000$275,163,000$49,648,000$(47,683,000$)399,455,000$193,420,000$(55,282,000$)(52,540,000$)72,091,000$21,673,000$(100,048,000$)(131,194,000$)129,450,000$1,506,747,000$(83,393,000$)
YoY364,837,000$337,740,000$628,967,000$676,583,000$594,840,000$489,910,000$485,053,000$157,689,000$(14,058,000$)(58,824,000$)(137,478,000$)(80,119,000$)1,404,955,000$1,421,610,000$1,712,459,000$
Current Ratio3.25x2.74x1.68x2.19x2.41x2.28x2.11x1.71x1.61x2.87x3.31x3.35x3.36x2.82x2.93x5.05x2.85x2.85x1.11x
Total Current Assets3,487,566,000$2,992,689,000$2,367,334,000$2,312,190,000$1,875,420,000$1,660,270,000$1,607,888,000$1,616,163,000$1,300,792,000$1,696,268,000$2,048,357,000$1,939,083,000$1,824,249,000$1,817,297,000$2,298,101,000$3,235,064,000$1,626,365,000$1,716,845,000$662,994,000$
QoQ494,877,000$625,355,000$55,144,000$436,770,000$215,150,000$52,382,000$(8,275,000$)315,371,000$(395,476,000$)(352,089,000$)109,274,000$114,834,000$6,952,000$(480,804,000$)(936,963,000$)1,608,699,000$(90,480,000$)
Total Current Liabilities1,073,133,000$1,093,885,000$1,409,224,000$1,057,472,000$779,536,000$729,591,000$762,524,000$944,122,000$805,474,000$591,940,000$619,570,000$578,958,000$543,633,000$644,589,000$785,117,000$640,097,000$569,768,000$603,179,000$598,052,000$
QoQ(20,752,000$)(315,339,000$)351,752,000$277,936,000$49,945,000$(32,933,000$)(181,598,000$)138,648,000$213,534,000$(27,630,000$)40,612,000$35,325,000$(100,956,000$)(140,528,000$)145,020,000$70,329,000$(33,411,000$)
Debt to Asset Ratio.77x.80x.90x.81x.83x.85x.86x.77x.78x.72x.68x.67x.68x.68x.67x.65x.55x.57x1.07x
Long Term Debt3,511,965,000$3,510,958,000$3,509,964,000$3,508,983,000$3,474,456,000$3,482,166,000$3,489,891,000$2,905,906,000$2,912,302,000$3,166,759,000$3,172,563,000$3,178,412,000$3,184,221,000$3,190,047,000$3,195,919,000$3,201,834,000$1,731,020,000$1,733,676,000$1,583,990,000$
QoQ1,007,000$994,000$981,000$34,527,000$(7,710,000$)(7,725,000$)583,985,000$(6,396,000$)(254,457,000$)(5,804,000$)(5,849,000$)(5,809,000$)(5,826,000$)(5,872,000$)(5,915,000$)1,470,814,000$(2,656,000$)
YoY37,509,000$28,792,000$20,073,000$603,077,000$562,154,000$315,407,000$317,328,000$(272,506,000$)(271,919,000$)(23,288,000$)(23,356,000$)(23,422,000$)1,453,201,000$1,456,371,000$1,617,844,000$
Capital Lease Obligations47,422,000$56,510,000$68,487,000$80,890,000$
Cash and Cash Equivalents1,666,899,000$1,192,608,000$551,024,000$697,030,000$567,596,000$460,449,000$436,336,000$502,152,000$332,491,000$876,227,000$1,245,893,000$1,080,484,000$943,508,000$951,560,000$1,413,256,000$1,520,504,000$1,049,617,000$1,183,743,000$317,235,000$
QoQ474,291,000$641,584,000$(146,006,000$)129,434,000$107,147,000$24,113,000$(65,816,000$)169,661,000$(543,736,000$)(369,666,000$)165,409,000$136,976,000$(8,052,000$)(461,696,000$)(107,248,000$)470,887,000$(134,126,000$)
YoY1,099,303,000$732,159,000$114,688,000$194,878,000$235,105,000$(415,778,000$)(809,557,000$)(578,332,000$)(611,017,000$)(75,333,000$)(167,363,000$)(440,020,000$)(106,109,000$)(232,183,000$)1,203,269,000$
Interest Expenses
Interest Income