Company profile · free preview
AppLovin
APP · Updated 11/11/2026
Revenue
$5.5B
Fiscal 2025
Net income
$3.3B
Fiscal 2025
Free cash flow
—
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $5.5B | $4.7B | $3.3B | $2.8B | $2.8B |
| Net income | $3.3B | $1.6B | $356.7M | (192.7M) | $35.4M |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $4.0B | $2.1B | $1.1B | $412.8M | $361.9M |
| Free cash flow | — | $2.1B | $1.1B | $412.1M | $360.5M |
| Cash | $2.5B | $741.4M | $502.2M | $1.1B | $1.5B |
| Total debt | — | — | — | — | — |
Financial trends
Historical · FY2021–FY2025
Source: Reported annual filings (10-K / 20-F) and provider data. Fiscal years as reported; margins are calculated from the reported figures shown.
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Create free accountWhere the cash went
Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.
Reinvested in capex
—
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2021–2025
| Operating cash flow | $7.9B |
| Capital expenditure | — |
| Free cash flow | — |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
AppLovin return on capital (fiscal 2025)
ROIC
65.3%
Return on capital
68.1%
Return on equity
206.8%
Return on assets
50.8%
Gross margin
87.9%
Operating margin
75.8%
Net debt / EBITDA
0.24x
SEC filings
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