AppLovin Corp
APP· Nasdaq· Services-Computer Programming, Data Processing, Etc.
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +30.4%
We record prices for the companies we cover; APP is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 342.0M
- Revenue
- $5.5B
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 75.8%
- Net
- 60.8%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 3.8%
Returns
- ROIC, FY2025
- 114.1%
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 156.2%
- ROE, 5 yr avg
- 64.2%
Growth (CAGR)
- Revenue, 3 yr
- 24.8%
- Revenue, 5 yr
- 30.4%
- Revenue, 6 yr
- 32.9%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 6 yr
- 73.3%
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 6 yr
- –
Financial health · FY2025
- Cash and investments
- $2.5B
- Total debt
- $3.5B
- Net debt
- $1.0B
- Debt/Equity
- 1.6x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 9.7%
Financials: ten years from the 10-Ks
Revenue
$5.5B
+32.9% a year over 6 years
FY2019FY2025
Margins
Operating75.8%Net60.8%
FY2025
FY2019FY2025
Free cash flow and owner earnings
Free cash flow–Owner earnings–
Free cash flow +60.8% a year
FY2019FY2025
Diluted shares
342.0M
+61.0% over 6 years, net dilution
FY2019FY2025
Return on invested capital
114.1%
FY2025
FY2019FY2025
Net debt (below zero)
-$1.0B
$1.0B more debt than cash
FY2019FY2025
Every figure, year by year
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| The business | |||||||
| Revenue | $994.1M | $1.5B | $2.8B | $2.8B | $1.8B | $3.2B | $5.5B |
| Revenue growth | – | 46.0% | 92.5% | 0.9% | -34.6% | 75.1% | 70.0% |
| Gross margin | – | – | – | – | – | – | – |
| Operating margin | 19.6% | -4.3% | 5.4% | -1.7% | 41.9% | 59.3% | 75.8% |
| Net income | $119.0M | -$125.2M | $35.4M | -$192.7M | $356.7M | $1.6B | $3.3B |
| Net margin | 12.0% | -8.6% | 1.3% | -6.8% | 19.4% | 49.0% | 60.8% |
| Diluted EPS | $0.36 | $-0.58 | $0.09 | $-0.52 | $0.98 | $4.53 | $9.75 |
| Return on invested capital? | – | – | 3.0% | – | 17.2% | 48.3% | 114.1% |
| Cash | |||||||
| Operating cash flow | $198.5M | $222.9M | $361.9M | $412.8M | $1.1B | $2.1B | $4.0B |
| Capital expenditure | $3.4M | $3.2M | $1.4M | $662.0K | $4.2M | $4.8M | – |
| Free cash flow | $195.1M | $219.6M | $360.5M | $412.1M | $1.1B | $2.1B | – |
| Stock-based compensation | $10.2M | $62.4M | $133.2M | $191.6M | $363.1M | $369.4M | $210.4M |
| Owner earnings? | $184.9M | $157.3M | $227.3M | $220.5M | $694.2M | $1.7B | – |
| Free cash flow per share | $0.92 | $1.02 | $1.05 | $1.11 | $2.92 | $6.02 | – |
| Capital allocation | |||||||
| Dividends paid | – | – | – | – | – | – | – |
| Share repurchases | $11.0K | $1.8M | $0 | $338.9M | $1.2B | $981.3M | $2.2B |
| Diluted shares | 212.4M | 214.9M | 342.8M | 371.6M | 362.6M | 347.8M | 342.0M |
| Share count change? | – | 1.2% | 59.5% | 8.4% | -2.4% | -4.1% | -1.7% |
| Balance sheet | |||||||
| Cash and equivalents | $396.2M | $317.2M | $1.5B | $1.1B | $502.2M | $697.0M | $2.5B |
| Short-term investments | – | – | – | – | – | – | – |
| Total debt | – | $1.6B | $3.3B | $3.2B | $3.3B | $3.5B | $3.5B |
| Net debt | – | $1.3B | $1.7B | $2.2B | $2.8B | $2.8B | $1.0B |
| Shareholders' equity | -$256.6M | -$158.5M | $2.1B | $1.9B | $1.3B | $1.1B | $2.1B |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-21 | DEF 14A | Proxy statement |
| 2026-02-19 | 10-K | Annual report |
| 2026-02-11 | 8-K | Earnings release |
| 2025-11-05 | 10-Q | Quarterly report |
| 2025-11-05 | 8-K | Earnings release |
| 2025-08-06 | 10-Q | Quarterly report |
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