AppLovin (APP): financials, SEC filings and peers
AppLovin (APP) is an advertising company in the Communication Services sector of the S&P 500, headquartered in Palo Alto, California.
It was founded in 2012 and joined the S&P 500 on September 22, 2025.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Services-Computer Programming, Data Processing, Etc.”.
AppLovin at a glance
- Revenue (12 months)
- $6.8B
- Revenue growth
- +60.6%
- Operating margin
- 77.4%
- Net income (12 months)
- $4.4B
- Free cash flow (12 months)
- —
- Cash
- $3.1B
- Debt
- $3.5B
- Diluted EPS (12 months)
- $13.01
Twelve months to June 30, 2026, from the 10-Q filed August 5, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, AppLovin reported revenue of $6.8 billion, up a strong 60.6% from $4.3 billion a year earlier.
Its operating margin was 77.4%, up 7.8 percentage points from a year earlier: for every $100 of sales, about $77 was left as operating profit.
Net income was $4.4 billion (64.6% of revenue), 81.5% higher than a year earlier.
At the end of the period it held $3.1 billion in cash and $3.5 billion in debt, a net debt position of $462 million.
The diluted share count fell 1.5% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $1.5 billion in fiscal 2020 to $5.5 billion in fiscal 2025, about 30.4% a year.
- Operating margin widened from -4.3% to 75.8% over the same years.
- Free cash flow was positive in each of the last 5 fiscal years.
- AppLovin reported a net loss in 2 of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $1.8B | $3.2B | $5.5B |
| Revenue growth | 92.5% | 0.9% | -34.6% | 75.1% | 70.0% |
| Operating margin | 5.4% | -1.7% | 41.9% | 59.3% | 75.8% |
| Net income | $35M | −$193M | $357M | $1.6B | $3.3B |
| Free cash flow | $360M | $412M | $1.1B | $2.1B | — |
| Diluted EPS | $0.09 | $-0.52 | $0.98 | $4.53 | $9.75 |
Fiscal years as reported in AppLovin’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
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Questions about AppLovin
Is AppLovin's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $6.8 billion, up 60.6% from a year earlier, according to its SEC filings.
Is AppLovin profitable?
Yes. It earned $4.4 billion in net income over the twelve months to June 30, 2026, a net margin of 64.6%.
Does AppLovin have more cash or more debt?
At June 30, 2026 it had $3.1 billion in cash and $3.5 billion in debt, so more debt than cash.
When did AppLovin last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on August 5, 2026.
Which companies are similar to AppLovin?
In the S&P 500, AppLovin is grouped in Advertising within the Communication Services sector. Omnicom Group (OMC) are in the same group.
Understand the numbers
Source: AppLovin’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.