APP
AppLovin Corporation
Stock
$268.22−13.09 (−4.65%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B | $5.5B | $3.2B | $1.8B | $2.8B | $2.8B | $1.5B | $994M |
| Cost of revenue | $788M | $665M | $521M | $357M | $1.3B | $988M | $556M | $241M |
| Gross profit | $6.0B | $4.8B | $2.7B | $1.5B | $1.6B | $1.8B | $896M | $753M |
| R&D | $320M | $227M | $375M | $334M | $508M | $366M | $181M | $45M |
| SG&A | $433M | $437M | $418M | $379M | $1.1B | $1.3B | $694M | $513M |
| Other operating expenses | — | — | — | — | — | — | $83M | — |
| Operating income | $5.3B | $4.2B | $1.9B | $772M | −$48M | $150M | −$62M | $194M |
| Non-operating income | −$77M | −$199M | −$299M | −$271M | −$157M | −$104M | −$74M | −$68M |
| Pretax income | $5.2B | $4.0B | $1.6B | $502M | −$205M | $46M | −$136M | $126M |
| Taxes | $801M | $619M | $32M | $145M | −$12M | $11M | −$11M | $7.2M |
| Net income | $4.4B | $3.3B | $1.6B | $357M | −$193M | $35M | −$125M | $119M |
| Diluted EPS | $13.01 | $9.75 | $4.53 | $0.98 | −$0.52 | $0.09 | −$0.58 | $0.36 |
| Diluted shares | — | 342.0M | 347.8M | 362.6M | 371.6M | 342.8M | 214.9M | 212.4M |
| Revenue growth | — | +70.0% | +75.1% | −34.6% | +0.9% | +92.5% | +46.0% | — |
| Gross margin | 88.5% | 87.9% | 83.9% | 80.6% | 55.4% | 64.6% | 61.7% | 75.7% |
| Operating margin | 77.4% | 75.8% | 59.3% | 41.9% | −1.7% | 5.4% | −4.3% | 19.6% |
| Net margin | 64.6% | 60.8% | 49.0% | 19.4% | −6.8% | 1.3% | −8.6% | 12.0% |