Income Statement AppLovin Corporation

Stocks

APP

US03831W1080

Software

Market Closed - Nasdaq Other stock markets 06:00:00 11/07/26 am AEST			5-day change	1st Jan Change
506.98 ^USD	-2.58%		-3.81%	-24.76%

09/07	AppLovin Insider Sold Shares Worth $1,603,489, According to a Recent SEC Filing	MT
07/07	Wells Fargo Adjusts Price Target on AppLovin to $575 From $571	MT

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Published financial data: APPLOVIN CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.79B	2.82B	3.28B	4.71B	5.48B
Total Revenues	2.79B	2.82B	3.28B	4.71B	5.48B
Cost of Goods Sold, Total	988M	1.2B	1.06B	1.17B	665M
Gross Profit	1.81B	1.61B	2.22B	3.54B	4.82B
Selling General & Admin Expenses, Total	1.27B	1.07B	982M	1.03B	437M
R&D Expenses	366M	508M	592M	639M	227M
Other Operating Expenses, Total	1.64B	1.58B	1.57B	1.67B	664M
Operating Income	167M	33.49M	649M	1.87B	4.15B
Interest Expense, Total	-84.93M	-172M	-271M	-318M	-207M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-84.93M	-172M	-271M	-318M	-207M
Currency Exchange Gains (Loss)	1.54M	164K	1.22M	-291K	3.95M
Other Non Operating Income (Expenses)	-1.67M	14.31M	38.5M	49.47M	38.86M
EBT, Excl. Unusual Items	81.6M	-124M	418M	1.61B	3.99B
Merger & Related Restructuring Charges	-16.89M	-28.28M	-1.05M	-885K	-
Gain (Loss) On Sale Of Investments	2.5M	-	-20.7M	-	-34.8M
Asset Writedown	-	-53M	-	-	-
Other Unusual Items	-20.91M	-	-15.3M	-28.38M	-
EBT, Incl. Unusual Items	46.31M	-205M	381M	1.58B	3.95B
Income Tax Expense	10.97M	-12.23M	23.86M	-3.77M	520M
Earnings From Continuing Operations	35.34M	-193M	357M	1.58B	3.43B
Earnings Of Discontinued Operations	-	-	-	-	-99.44M
Net Income to Company	35.34M	-193M	357M	1.58B	3.33B
Minority Interest	108K	201K	-	-	-
Net Income - (IS)	35.45M	-193M	357M	1.58B	3.33B
Preferred Dividend and Other Adjustments	3.74M	-	1.77M	2.72M	478K
Net Income to Common Incl Extra Items	31.7M	-193M	355M	1.58B	3.33B
Net Income to Common Excl. Extra Items	31.7M	-193M	355M	1.58B	3.43B
Per Share Items
Net EPS - Basic	0.1	-0.52	1.01	4.68	9.84
Basic EPS - Continuing Operations	0.1	-0.52	1.01	4.68	10.13
Basic Weighted Average Shares Outstanding	325M	372M	352M	337M	339M
Net EPS - Diluted	0.09	-0.52	0.98	4.53	9.75
Diluted EPS - Continuing Operations	0.09	-0.52	0.98	4.53	10.04
Diluted Weighted Average Shares Outstanding	343M	372M	363M	348M	342M
Normalized Basic EPS	0.16	-0.21	0.74	2.98	7.36
Normalized Diluted EPS	0.15	-0.21	0.72	2.88	7.29
American Depositary Receipts Ratio (ADR)	0.03	0.03	0.03	0.03	0.03
Supplemental Items
EBITDA	598M	581M	1.14B	2.32B	4.28B
EBITA	563M	548M	1.1B	2.29B	4.25B
EBIT	167M	33.49M	649M	1.87B	4.15B
EBITDAR	633M	598M	1.16B	2.34B	4.29B
Effective Tax Rate - (Ratio)	23.69	5.96	6.27	-0.24	13.15
Current Domestic Taxes	74.82M	88.39M	58.92M	31.26M	266M
Current Foreign Taxes	1.91M	1.55M	47.31M	161M	260M
Total Current Taxes	76.73M	89.94M	106M	192M	526M
Deferred Domestic Taxes	-54.56M	-81.31M	-71.93M	-171M	-13.16M
Deferred Foreign Taxes	-11.2M	-20.86M	-10.44M	-25.34M	6.84M
Total Deferred Taxes	-65.76M	-102M	-82.37M	-196M	-6.32M
Normalized Net Income	51.11M	-77.24M	261M	1B	2.49B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	79.82M	175M	278M	289M	207M
Supplemental Operating Expense Items
Advertising Expense	984M	666M	539M	522M	-
Selling and Marketing Expenses	1.13B	920M	831M	849M	204M
General and Administrative Expenses	142M	153M	152M	180M	234M
Research And Development Expense From Footnotes	366M	508M	592M	639M	227M
Net Rental Expense, Total	35.39M	17.12M	22.25M	21.48M	18.56M
Imputed Operating Lease Interest Expense	9.48M	7M	14.43M	15.87M	8.51M
Imputed Operating Lease Depreciation	25.91M	10.11M	7.83M	5.6M	10.05M
Stock-Based Comp., COGS (Total)	2.34M	6.31M	5.23M	5.5M	1.42M
Stock-Based Comp., R&D Exp. (Total)	63.34M	94.32M	231M	240M	114M
Stock-Based Comp., S&M Exp. (Total)	15.22M	41.53M	79.88M	83.44M	34.06M
Stock-Based Comp., G&A Exp. (Total)	52.27M	49.45M	47.19M	47.62M	58.02M
Total Stock-Based Compensation	133M	192M	363M	376M	208M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.52B	1.08B	502M	741M	2.49B
Short Term Investments	2.53M	-	-	-	-
Trading Asset Securities, Total	-	7.32M	-	-	-
Total Cash And Short Term Investments	1.52B	1.09B	502M	741M	2.49B
Accounts Receivable, Total	515M	703M	954M	1.41B	1.82B
Total Receivables	515M	703M	954M	1.41B	1.82B
Prepaid Expenses	146M	148M	160M	157M	124M
Restricted Cash	1.05B	-	-	-	-
Other Current Assets, Total	1.62M	953K	-	-	-
Total Current Assets	3.24B	1.94B	1.62B	2.31B	4.43B
Gross Property Plant And Equipment	174M	188M	294M	293M	265M
Accumulated Depreciation	-39.66M	-48.86M	-72.01M	-94.74M	-118M
Net Property Plant And Equipment	135M	139M	222M	199M	148M
Long-term Investments	-	-	66.8M	145M	307M
Goodwill	966M	1.82B	1.84B	1.8B	1.54B
Other Intangibles, Total	1.71B	1.68B	1.29B	897M	397M
Deferred Tax Assets Long-Term	-	-	-	454M	372M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	118M	268M	319M	59M	64.67M
Total Assets	6.16B	5.85B	5.36B	5.87B	7.26B
Liabilities
Accounts Payable, Total	258M	273M	372M	563M	747M
Accrued Expenses, Total	43.21M	43.34M	90.66M	387M	508M
Current Portion of Long-Term Debt	25.81M	33.31M	215M	-	-
Current Portion of Leases	40.39M	36.64M	33.29M	37.15M	31.42M
Current Income Taxes Payable	67.16M	81.96M	142M	-	-
Unearned Revenue Current, Total	78.93M	64.02M	78.56M	69.84M	47.68M
Other Current Liabilities	126M	46.5M	13.05M	-	-
Total Current Liabilities	640M	579M	944M	1.06B	1.33B
Long-Term Debt	3.21B	3.19B	2.91B	3.51B	3.51B
Long-Term Leases	86.58M	98.89M	187M	167M	123M
Deferred Tax Liability Non Current	-	-	-	17.65M	120M
Other Non Current Liabilities	87.67M	79.81M	65.75M	28.83M	35.25M
Total Liabilities	4.03B	3.95B	4.1B	4.78B	5.12B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	11K	11K	11K	11K	11K
Additional Paid In Capital	3.16B	3.16B	2.13B	594M	447M
Retained Earnings	-977M	-1.17B	-813M	599M	1.74B
Comprehensive Income and Other	-45.45M	-83.38M	-65.27M	-103M	-46.99M
Total Common Equity	2.14B	1.9B	1.26B	1.09B	2.13B
Minority Interest	201K	-	-	-	-
Total Equity	2.14B	1.9B	1.26B	1.09B	2.13B
Total Liabilities And Equity	6.16B	5.85B	5.36B	5.87B	7.26B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	376M	376M	342M	340M	337M
ECS Total Common Shares Outstanding	375M	374M	340M	340M	338M
Book Value / Share	5.7	5.09	3.7	3.2	6.31
Tangible Book Value	-538M	-1.6B	-1.88B	-1.61B	198M
Tangible Book Value Per Share	-1.43	-4.28	-5.53	-4.74	0.59
Total Debt	3.36B	3.36B	3.34B	3.71B	3.67B
Net Debt	1.84B	2.27B	2.84B	2.97B	1.18B
Debt Equivalent Oper. Leases	283M	137M	178M	172M	149M
Minority Interest, Total (Incl. Fin. Div)	201K	-	-	-	-
Equity Method Investments, Total	-	-	-	-	288M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	81.42M	110M	224M	7.18M	3.05M
Full Time Employees	1.59K	1.68K	1.72K	1.53K	876
Part Time Employees	-	32	28	30	22
Assets under Capital Lease - Gross	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	35.45M	-193M	357M	1.58B	3.33B
Depreciation & Amortization - CF	34.68M	32.45M	38.86M	29.4M	25.7M
Amortization of Goodwill and Intangible Assets - (CF)	396M	515M	450M	413M	97.4M
Depreciation & Amortization, Total	431M	547M	489M	442M	123M
Amortization of Deferred Charges, Total - (CF)	12.82M	12.68M	9.36M	5.46M	-
(Gain) Loss From Sale Of Asset	-	-	-	1.65M	-106M
(Gain) Loss on Sale of Investments - (CF)	-	-	27.95M	-	50M
Asset Writedown & Restructuring Costs	-	128M	-	6.65M	261M
Stock-Based Compensation (CF)	133M	192M	363M	369M	210M
Net Cash From Discontinued Operations	-	-	-	-	44.38M
Other Operating Activities, Total	33.64M	18.69M	24.04M	43.62M	21.51M
Change In Accounts Receivable	-202M	-175M	-261M	-467M	-542M
Change In Accounts Payable	98.61M	3.48M	98.57M	190M	232M
Change in Unearned Revenues	-13.91M	-14.71M	13.86M	-6.63M	-
Change in Other Net Operating Assets	-167M	-106M	-59.83M	-65.46M	388M
Cash from Operations	362M	413M	1.06B	2.1B	4.02B
Capital Expenditure	-1.39M	-662K	-4.25M	-4.78M	-
Sale of Property, Plant, and Equipment	-	37M	8.25M	558K	-
Cash Acquisitions	-1.21B	-1.34B	-63.9M	-25.55M	-
Divestitures	-	-	-	-	407M
Sale (Purchase) of Intangible assets	-4.07M	-5.95M	-	-	-28.32M
Investment in Marketable and Equity Securities, Total	-15M	-66.34M	-17.93M	-76.98M	-20.18M
Other Investing Activities, Total	12.01M	4.31M	-	-	-373K
Cash from Investing	-1.21B	-1.37B	-77.83M	-107M	358M
Long-Term Debt Issued, Total	2.33B	-	395M	4.61B	200M
Total Debt Issued	2.33B	-	395M	4.61B	200M
Long-Term Debt Repaid, Total	-747M	-49.89M	-518M	-4.25B	-219M
Total Debt Repaid	-747M	-49.89M	-518M	-4.25B	-219M
Issuance of Common Stock	1.78B	31.02M	25.79M	41.8M	25.33M
Repurchase of Common Stock	-	-366M	-1.4B	-2.12B	-2.58B
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-252M	-142M	-65.67M	-35.56M	-15.38M
Cash from Financing	3.11B	-527M	-1.56B	-1.75B	-2.59B
Foreign Exchange Rate Adjustments	-3.2M	-4.48M	778K	-3.15M	9.23M
Net Change in Cash	2.25B	-1.49B	-578M	239M	1.79B
Supplemental Items
Cash Interest Paid	76.7M	166M	249M	271M	199M
Cash Income Tax Paid (Refund)	90.62M	86.26M	75.43M	67.33M	195M
Levered Free Cash Flow	-727M	1.45B	1.02B	1.64B	2.7B
Unlevered Free Cash Flow	-687M	1.55B	1.18B	1.83B	2.83B
Change In Net Working Capital	1.35B	-796M	75.91M	152M	69.12M
Net Debt Issued / Repaid	1.58B	-49.89M	-123M	369M	-18.67M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.5	0.35	7.24	20.87	39.53
Return on Total Capital	2.95	0.39	8.23	25.37	49.68
Return On Equity %	3.57	-9.55	22.58	134.67	212.94
Return on Common Equity	4.01	-9.54	22.47	134.44	212.92
Margin Analysis
Gross Profit Margin %	64.62	57.29	67.74	75.22	87.86
SG&A Margin	45.54	38.09	29.92	21.86	7.98
EBITDA Margin %	21.4	20.61	34.67	49.19	78
EBITA Margin %	20.16	19.46	33.49	48.56	77.53
EBIT Margin %	5.97	1.19	19.78	39.8	75.75
Income From Continuing Operations Margin %	1.27	-6.85	10.87	33.55	62.64
Net Income Margin %	1.27	-6.84	10.87	33.55	60.83
Net Avail. For Common Margin %	1.14	-6.84	10.81	33.49	62.63
Normalized Net Income Margin	1.83	-2.74	7.95	21.3	45.47
Levered Free Cash Flow Margin	-26.05	51.62	30.99	34.82	49.25
Unlevered Free Cash Flow Margin	-24.6	54.98	35.87	38.93	51.61
Asset Turnover
Asset Turnover	0.67	0.47	0.59	0.84	0.83
Fixed Assets Turnover	22.57	20.6	18.22	22.42	31.83
Receivables Turnover (Average Receivables)	6.88	4.63	3.96	3.98	3.53
Short Term Liquidity
Current Ratio	5.05	3.35	1.71	2.19	3.32
Quick Ratio	3.18	3.09	1.54	2.04	3.23
Operating Cash Flow to Current Liabilities	0.57	0.71	1.12	1.98	3.01
Days Sales Outstanding (Average Receivables)	53.02	78.86	92.09	92.02	103.32
Average Days Payable Outstanding	74.89	80.61	111.12	146.66	343.32
Long Term Solvency
Total Debt/Equity	157.31	176.4	265.96	340.67	171.8
Total Debt / Total Capital	61.14	63.82	72.67	77.31	63.21
LT Debt/Equity	154.21	172.73	246.19	337.26	170.33
Long-Term Debt / Total Capital	59.93	62.49	67.27	76.53	62.67
Total Liabilities / Total Assets	65.31	67.46	76.56	81.43	70.6
EBIT / Interest Expense	1.96	0.19	2.39	5.89	20.06
EBITDA / Interest Expense	7.45	3.48	4.28	7.35	20.74
(EBITDA - Capex) / Interest Expense	7.44	3.47	4.26	7.33	20.74
Total Debt / EBITDA	5.31	5.62	2.88	1.59	0.85
Net Debt / EBITDA	2.91	3.8	2.45	1.27	0.27
Total Debt / (EBITDA - Capex)	5.32	5.62	2.89	1.59	0.85
Net Debt / (EBITDA - Capex)	2.91	3.8	2.46	1.27	0.27
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	92.48	0.86	16.54	43.44	69.99
Gross Profit, 1 Yr. Growth %	101.56	-10.58	42.47	59.29	78.13
EBITDA, 1 Yr. Growth %	110.57	-2.87	115.76	105.75	110.27
EBITA, 1 Yr. Growth %	109.44	-2.65	122.05	108.02	112.06
EBIT, 1 Yr. Growth %	476.3	-79.91	-3.43K	188.69	117.27
Earnings From Cont. Operations, 1 Yr. Growth %	-128.06	-646	-284.88	342.87	115.99
Net Income, 1 Yr. Growth %	-128.31	-643.77	-285.07	342.87	111.03
Normalized Net Income, 1 Yr. Growth %	-287.79	-251.86	-336.51	284.35	139.57
Diluted EPS Before Extra, 1 Yr. Growth %	-115.97	-659.11	-288.28	363.16	120.01
Accounts Receivable, 1 Yr. Growth %	73.26	36.6	35.71	48.27	41.77
Net Property, Plant and Equip., 1 Yr. Growth %	19.18	3.22	59.47	-10.36	-24.71
Total Assets, 1 Yr. Growth %	186.07	-5.12	-8.36	9.52	23.69
Tangible Book Value, 1 Yr. Growth %	-71.61	197.34	17.54	-14.31	-123.55
Common Equity, 1 Yr. Growth %	-483.08	-11.01	-33.97	-13.25	95.87
Cash From Operations, 1 Yr. Growth %	62.35	14.07	157.17	97.74	91.3
Capital Expenditures, 1 Yr. Growth %	-57.11	-52.37	541.39	12.48	-
Levered Free Cash Flow, 1 Yr. Growth %	-252.75	-299.88	-28.69	60.44	108.57
Unlevered Free Cash Flow, 1 Yr. Growth %	-232.99	-325.38	-22.6	54.71	91.81
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	67.62	39.33	8.42	29.29	72.51
Gross Profit, 2 Yr. CAGR %	54.84	34.25	11	50.64	80.07
EBITDA, 2 Yr. CAGR %	43.33	43.01	38	110.17	119.15
EBITA, 2 Yr. CAGR %	41.66	42.79	39.73	114.92	121.78
EBIT, 2 Yr. CAGR %	-8.29	7.6	97.37	880.08	131.85
Earnings From Cont. Operations, 2 Yr. CAGR %	-45.52	23.78	217.71	186.14	173.84
Net Income, 2 Yr. CAGR %	-45.43	24.08	217.23	186.29	205.71
Normalized Net Income, 2 Yr. CAGR %	-20.7	68.46	128.42	201.51	180.75
Diluted EPS Before Extra, 2 Yr. CAGR %	-49.21	-5.51	224.45	195.3	182.64
Accounts Receivable, 2 Yr. CAGR %	78.58	53.84	36.15	41.85	38.11
Net Property, Plant and Equip., 2 Yr. CAGR %	142.98	10.92	28.3	19.56	-18.29
Total Assets, 2 Yr. CAGR %	126.4	64.75	-6.75	0.18	16.39
Tangible Book Value, 2 Yr. CAGR %	-34	-8.13	86.95	0.36	-67.54
Common Equity, 2 Yr. CAGR %	80.51	84.63	-23.35	-24.32	30.35
Cash From Operations, 2 Yr. CAGR %	35.03	36.09	71.28	125.5	94.49
Capital Expenditures, 2 Yr. CAGR %	-35.66	-54.81	74.78	168.6	-
Levered Free Cash Flow, 2 Yr. CAGR %	78.91	74.74	18.72	7.32	103.05
Unlevered Free Cash Flow, 2 Yr. CAGR %	59.98	73.12	31.52	9.87	85.4
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	79.45	41.51	31.28	19.02	24.84
Gross Profit, 3 Yr. CAGR %	61.36	28.94	35.42	25.2	45.57
EBITDA, 3 Yr. CAGR %	34.12	25.89	58.87	57.07	101.26
EBITA, 3 Yr. CAGR %	32.86	25.01	59.91	59.55	104.74
EBIT, 3 Yr. CAGR %	-10.4	-44.71	182.1	124.04	497
Earnings From Cont. Operations, 3 Yr. CAGR %	-48.58	17.47	41.49	254.91	161.07
Net Income, 3 Yr. CAGR %	-48.53	17.43	41.77	254.55	158.61
Normalized Net Income, 3 Yr. CAGR %	-21.9	-1.68	112.46	171.69	182.66
Diluted EPS Before Extra, 3 Yr. CAGR %	-59.22	12.99	18.9	265.32	168.26
Accounts Receivable, 3 Yr. CAGR %	61.36	63.32	47.54	40.08	37.31
Net Property, Plant and Equip., 3 Yr. CAGR %	150.84	82.66	25.19	13.85	2.11
Total Assets, 3 Yr. CAGR %	125.59	69.42	35.49	-1.62	7.47
Tangible Book Value, 3 Yr. CAGR %	-15.46	9.01	-0.27	44.14	-50.16
Common Equity, 3 Yr. CAGR %	40.07	42.6	31.06	-20.12	3.91
Cash From Operations, 3 Yr. CAGR %	37.55	27.65	68.25	79.68	113.47
Capital Expenditures, 3 Yr. CAGR %	-0.21	-41.8	9.42	50.9	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	85.64	28.8	31.45	23.76
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	79.34	31.6	39.12	23.04
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	46.69	36.49	30.45
Gross Profit, 5 Yr. CAGR %	-	-	38.93	36.31	40
EBITDA, 5 Yr. CAGR %	-	-	35.66	51.42	72.01
EBITA, 5 Yr. CAGR %	-	-	35.57	52.14	73.69
EBIT, 5 Yr. CAGR %	-	-	22.89	56.73	170.03
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	6.53	67.72	93.69
Net Income, 5 Yr. CAGR %	-	-	6.53	67.72	92.79
Normalized Net Income, 5 Yr. CAGR %	-	-	19.46	65.31	146.8
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-6.52	65.93	76.72
Accounts Receivable, 5 Yr. CAGR %	-	-	50.76	54.37	43.7
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	91.84	54.18	5.55
Total Assets, 5 Yr. CAGR %	-	-	58.43	37.31	27.5
Tangible Book Value, 5 Yr. CAGR %	-	-	16.13	5.46	-36.34
Common Equity, 5 Yr. CAGR %	-	-	10.06	10.68	30.77
Cash From Operations, 5 Yr. CAGR %	-	-	50.16	60.28	78.29
Capital Expenditures, 5 Yr. CAGR %	-	-	24.86	7.3	-
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	48.47	41.47
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	46.84	40.49