The Filings Report

AppLovin

APPNasdaqCIK 1751008Technology / Softwarefiscal year ends December26 quarters since 2020

Revenue, Q2 FY2026
$1.9B
+52.8% on Q2 FY2025
Net income
$1.3B
+54.5% on Q2 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$3.76
+57.3% on Q2 FY2025
Revenue, TTM
$6.8B
trailing four quarters
Net margin, TTM
64.6%
net income $4.4B
Free cash flow, TTM
—
Cash and equivalents
$3.1B
long-term debt $3.5B, Jun 30, 2026
Shares, 12-month change
—
— shares, Jun 30, 2026
Buybacks, TTM
$2.5B
no yield
Dividends, TTM
—
no yield
Market value
—
at the close, buybacks

Latest quarter Q2 FY2026, filed August 5, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q2 FY2026, the quarter ended June 30, 2026, AppLovin reported revenue of $1.9B, +52.8% on Q2 FY2025, and net income of $1.3B (+54.5%). Operating margin was 77.7%. Diluted earnings per share were $3.76.

The last 16 quarters

Q3 FY2022 to Q2 FY2026, through the filing of August 5, 2026.

Revenue and net incomeRevenueNet income
−$1B$0$1B$2BQ3'22, Revenue: $713MQ3'22, Net income: $24MQ3'22Q4'22, Revenue: $702MQ4'22, Net income: −$80MQ4'22Q1'23, Revenue: $715MQ1'23, Net income: −$5MQ1'23Q2'23, Revenue: $750MQ2'23, Net income: $80MQ2'23Q3'23, Revenue: $864MQ3'23, Net income: $109MQ3'23Q4'23, Revenue: −$488MQ4'23, Net income: $172MQ4'23Q1'24, Net income: $236MQ1'24Q2'24, Net income: $310MQ2'24Q3'24, Net income: $434MQ3'24Q4'24, Net income: $599MQ4'24Q1'25, Revenue: $1.2BQ1'25, Net income: $576MQ1'25Q2'25, Revenue: $1.3BQ2'25, Net income: $820MQ2'25Q3'25, Revenue: $1.4BQ3'25, Net income: $836MQ3'25Q4'25, Revenue: $1.7BQ4'25, Net income: $1.1BQ4'25Q1'26, Revenue: $1.8BQ1'26, Net income: $1.2BQ1'26Q2'26, Revenue: $1.9BQ2'26, Net income: $1.3BQ2'26−$1B$0$1B$2BQ3'22, Revenue: $713MQ3'22, Net income: $24MQ4'22, Revenue: $702MQ4'22, Net income: −$80MQ4'22Q1'23, Revenue: $715MQ1'23, Net income: −$5MQ2'23, Revenue: $750MQ2'23, Net income: $80MQ2'23Q3'23, Revenue: $864MQ3'23, Net income: $109MQ4'23, Revenue: −$488MQ4'23, Net income: $172MQ4'23Q1'24, Net income: $236MQ2'24, Net income: $310MQ2'24Q3'24, Net income: $434MQ4'24, Net income: $599MQ4'24Q1'25, Revenue: $1.2BQ1'25, Net income: $576MQ2'25, Revenue: $1.3BQ2'25, Net income: $820MQ2'25Q3'25, Revenue: $1.4BQ3'25, Net income: $836MQ4'25, Revenue: $1.7BQ4'25, Net income: $1.1BQ4'25Q1'26, Revenue: $1.8BQ1'26, Net income: $1.2BQ2'26, Revenue: $1.9BQ2'26, Net income: $1.3BQ2'26

Net income losses drawn in red.

Free cash flow
$0$100M$200M$300M$400MQ3'22, Free cash flow: $174MQ3'22Q4'22, Free cash flow: $163MQ4'22Q1'23, Free cash flow: $289MQ1'23Q2'23, Free cash flow: $226MQ2'23Q3'23, Free cash flow: $199MQ3'23Q4'23, Free cash flow: $344MQ4'23Q1'24Q2'24Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26$0$100M$200M$300M$400MQ3'22, Free cash flow: $174MQ4'22, Free cash flow: $163MQ4'22Q1'23, Free cash flow: $289MQ2'23, Free cash flow: $226MQ2'23Q3'23, Free cash flow: $199MQ4'23, Free cash flow: $344MQ4'23Q2'24Q4'24Q2'25Q4'25Q2'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$1B$2B$3B$4BQ3'22, Cash and equivalents: $944MQ3'22, Long-term debt: $3.2BQ3'22Q4'22, Cash and equivalents: $1.1BQ4'22, Long-term debt: $3.2BQ4'22Q1'23, Cash and equivalents: $1.2BQ1'23, Long-term debt: $3.2BQ1'23Q2'23, Cash and equivalents: $876MQ2'23, Long-term debt: $3.2BQ2'23Q3'23, Cash and equivalents: $332MQ3'23, Long-term debt: $2.9BQ3'23Q4'23, Cash and equivalents: $502MQ4'23, Long-term debt: $2.9BQ4'23Q1'24, Cash and equivalents: $436MQ1'24, Long-term debt: $3.5BQ1'24Q2'24, Cash and equivalents: $460MQ2'24, Long-term debt: $3.5BQ2'24Q3'24, Cash and equivalents: $568MQ3'24, Long-term debt: $3.5BQ3'24Q4'24, Cash and equivalents: $697MQ4'24, Long-term debt: $3.5BQ4'24Q1'25, Cash and equivalents: $551MQ1'25, Long-term debt: $3.5BQ1'25Q2'25, Cash and equivalents: $1.2BQ2'25, Long-term debt: $3.5BQ2'25Q3'25, Cash and equivalents: $1.7BQ3'25, Long-term debt: $3.5BQ3'25Q4'25, Cash and equivalents: $2.5BQ4'25, Long-term debt: $3.5BQ4'25Q1'26, Cash and equivalents: $2.8BQ1'26, Long-term debt: $3.5BQ1'26Q2'26, Cash and equivalents: $3.1BQ2'26, Long-term debt: $3.5BQ2'26$0$1B$2B$3B$4BQ3'22, Cash and equivalents: $944MQ3'22, Long-term debt: $3.2BQ4'22, Cash and equivalents: $1.1BQ4'22, Long-term debt: $3.2BQ4'22Q1'23, Cash and equivalents: $1.2BQ1'23, Long-term debt: $3.2BQ2'23, Cash and equivalents: $876MQ2'23, Long-term debt: $3.2BQ2'23Q3'23, Cash and equivalents: $332MQ3'23, Long-term debt: $2.9BQ4'23, Cash and equivalents: $502MQ4'23, Long-term debt: $2.9BQ4'23Q1'24, Cash and equivalents: $436MQ1'24, Long-term debt: $3.5BQ2'24, Cash and equivalents: $460MQ2'24, Long-term debt: $3.5BQ2'24Q3'24, Cash and equivalents: $568MQ3'24, Long-term debt: $3.5BQ4'24, Cash and equivalents: $697MQ4'24, Long-term debt: $3.5BQ4'24Q1'25, Cash and equivalents: $551MQ1'25, Long-term debt: $3.5BQ2'25, Cash and equivalents: $1.2BQ2'25, Long-term debt: $3.5BQ2'25Q3'25, Cash and equivalents: $1.7BQ3'25, Long-term debt: $3.5BQ4'25, Cash and equivalents: $2.5BQ4'25, Long-term debt: $3.5BQ4'25Q1'26, Cash and equivalents: $2.8BQ1'26, Long-term debt: $3.5BQ2'26, Cash and equivalents: $3.1BQ2'26, Long-term debt: $3.5BQ2'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

AppLovin income statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Revenue1,9241,8421,6581,4051,2591,159withheldwithheld+52.8%
Cost of revenue226204184175155152withheldwithheld+45.6%
Gross profit—————————
Research and development1009482444456withheldwithheld+126.9%
Selling, general and administrative4044685955525036−26.8%
Operating income1,4941,4401,2751,079958840withheldwithheld+56.0%
Other income (expense)11(9)(22)(58)(74)(45)(94)(67)+115.3%
Pretax income1,5061,4311,2531,021884795withheldwithheld+70.3%
Income tax23922615118511271(61)35+113.1%
Net income1,2671,2061,102836820576599434+54.5%
Diluted EPS ($)3.763.56—2.452.391.67—1.25+57.3%
Diluted shares (millions)337339—341342345—348—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

AppLovin balance sheet, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Cash and equivalents3,0532,7592,4871,6671,193551697568+156.0%
Short-term investments—————————
Total current assets5,3924,8484,4313,4882,9932,3672,3121,875+80.2%
Total assets8,2697,7087,2606,3435,9595,7075,8695,442+38.8%
Total current liabilities1,2541,4941,3341,0731,0941,4091,057780+14.6%
Long-term debt3,5153,5143,5133,5123,5113,5103,5093,474+0.1%
Total liabilities5,1065,3445,1254,8694,7925,1314,7794,504+6.5%
Stockholders’ equity3,1632,3632,1351,4741,1675751,090938+171.0%
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q2 FY2026 filed August 5, 2026.

AppLovin cash flow statement, quarterly
Millions of dollarsQ2 FY2026ended Jun 30, 2026filed Aug 5, 2026Q1 FY2026ended Mar 31, 2026filed May 6, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Nov 5, 2025Q2 FY2025ended Jun 30, 2025filed Aug 6, 2025Q1 FY2025ended Mar 31, 2025filed May 7, 2025Q4 FY2024ended Dec 31, 2024filed Feb 27, 2025Q3 FY2024ended Sep 30, 2024filed Nov 6, 2024YoYQ2 FY2026vs Q2 FY2025
Operating cash flow8691,2911,3141,053772832701551+12.5%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization333433354780128100−30.8%
Share repurchases5519824185022721,0011228+103.0%
Dividends paid—————————

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 19, 2026.

Income statement

AppLovin income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 26, 2024FY2022ended Dec 31, 2022filed Feb 28, 2023FY2021ended Dec 31, 2021filed Mar 11, 2022FY2020ended Dec 31, 2020filed May 14, 2021FY2019ended Dec 31, 2019filed May 14, 2021
Revenue5,4813,2241,8422,8172,7931,451994
Cost of revenue6655213571,256988556241
Gross profit———————
Research and development22737533450836618145
Selling, general and administrative2341651511821596632
Operating income4,1521,911772(48)150(62)194
Other income (expense)(199)(299)(271)(157)(104)(74)(68)
Pretax income3,9531,612502(205)46(136)126
Income tax5202244(12)11(10)7
Net income3,3341,580357(193)35(125)119
Diluted EPS ($)9.754.530.98(0.52)0.09(0.58)0.36
Diluted shares (millions)342348363372343215212

Balance sheet

AppLovin balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 26, 2024FY2022ended Dec 31, 2022filed Feb 28, 2023FY2021ended Dec 31, 2021filed Mar 11, 2022FY2020ended Dec 31, 2020filed May 14, 2021FY2019ended Dec 31, 2019filed May 14, 2021
Cash and equivalents2,4876975021,0801,521317396
Short-term investments———————
Total current assets4,4312,3121,6161,9393,235663—
Total assets7,2605,8695,3595,8486,1642,155—
Total current liabilities1,3341,057944579640598—
Long-term debt3,5133,5092,9063,1783,2021,584—
Total liabilities5,1254,7794,1033,9454,0252,313—
Stockholders’ equity2,1351,0901,2561,9032,138(159)(257)
Shares outstanding (millions)———————

Cash flow statement

AppLovin cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 27, 2025FY2023ended Dec 31, 2023filed Feb 26, 2024FY2022ended Dec 31, 2022filed Feb 28, 2023FY2021ended Dec 31, 2021filed Mar 11, 2022FY2020ended Dec 31, 2020filed May 14, 2021FY2019ended Dec 31, 2019filed May 14, 2021
Operating cash flow3,9712,0991,062413362223198
Capital expenditures—541133
Free cash flow (CFO − capex)—2,0941,057412360220195
Depreciation and amortization19544948954743125593
Share repurchases2,1929811,154339020
Dividends paid———————

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$572M
696 sales by 9 insiders; officers and directors $572M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 15, 2026Messing BarbaraDirectoraward64$0.00—10,254Oct 16, 2026
Oct 15, 2026Webb Maynard G JRDirectoraward67$0.00—3,265Oct 16, 2026
Aug 20, 2026Valenzuela VictoriaDirectortax withholding2,730$308.77$843K241,231Aug 21, 2026
Aug 20, 2026Stumpf MatthewChief Financial Officer (CFO)tax withholding2,021$308.77$624K175,429Aug 21, 2026
Aug 20, 2026Ge XiaochuanCTOtax withholding5,459$308.77$2M968,735Aug 21, 2026
Aug 20, 2026Foroughi Arash AdamCEO, Director, 10% ownertax withholding2,730$308.77$843K2MAug 21, 2026
Aug 20, 2026Cacovean Corina IChief Legal Officertax withholding1,540$308.77$476K4,787Aug 21, 2026
Aug 13, 2026Chen Herald YDirectorconversion143,791$0.00—251,245Aug 14, 2026
Aug 13, 2026Chen Herald YDirectorgift100,000$0.00—151,245Aug 14, 2026
Aug 13, 2026Chen Herald YDirectorgiftindirect100,000$0.00—100,000Aug 14, 2026
Aug 7, 2026Vivas EduardoDirectorgift213,675$0.00—7MAug 7, 2026
Aug 7, 2026Vivas EduardoDirectorgiftindirect213,675$0.00—213,675Aug 7, 2026
Jul 15, 2026Webb Maynard G JRDirectoraward41$0.00—3,198Jul 17, 2026
Jul 15, 2026Messing BarbaraDirectoraward40$0.00—10,190Jul 17, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect380$516.25$196K123,140Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect202$517.19$104K122,938Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect182$518.63$94K122,756Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect240$519.56$125K122,516Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect138$520.60$72K122,378Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect120$521.49$63K122,258Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect412$522.42$215K121,846Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect1,140$523.49$597K120,706Jul 8, 2026
Jul 6, 2026Webb Maynard G JRDirectoropen-market sale10b5-1indirect262$524.12$137K120,444Jul 8, 2026
Jun 16, 2026Vivas EduardoDirectoropen-market sale10b5-1153$494.84$76K7MJun 18, 2026
Jun 16, 2026Vivas EduardoDirectoropen-market sale10b5-13,754$495.49$2M7MJun 18, 2026

Full insider history for AppLovin, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

3 of the tracked managers held APP in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded APP by quarter.

FundManagerQuarterValueSharesWeightMove
Lone Pine CapitalSteve MandelQ2 2026$537M1M3.28%trimmed −28.9%
FundsmithTerry SmithQ2 2026$359M696,5682.63%new
Baron Capital GroupRon BaronQ2 2026$142K2760.00%added +54.2%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
AppLovin Corporation, CIK 1751008 on EDGAR
Extract generated
August 27, 2026
Withheld
5 line-years whose four quarters do not sum to the filed year: cost of revenue FY2024, operating income FY2024, pretax income FY2024, revenue FY2024, rnd FY2024
Repaired
1 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: income tax FY2024
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfRevenue
Gross profit: not filed
Research and development: ResearchAndDevelopmentExpense
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): not filed

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: not filed

The data

The statements on this page as files, generated August 27, 2026.

JSON file
/data/financials/APP.json