A
AppLovin Corporation
APP · NASDAQ · USD
Financials
StatisticsIncome statementBalance sheetCash flowDividendsSegments
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market cap | $227,721 | $108,675 | $13,382 | $3,914 | $35,274 | – | – | – |
| Enterprise value | $228,778 | $111,534 | $16,057 | $6,114 | $37,084 | – | – | – |
| P/E (TTM) at period end | 68.32× | 68.91× | 37.70× | – | 1112.64× | – | – | – |
| P/S (TTM) at period end | 41.55× | 33.71× | 7.27× | 1.39× | 12.63× | – | – | – |
| P/B at period end | 106.68× | 99.72× | 10.65× | 2.06× | 16.50× | – | – | – |
| EV / EBITDA (TTM) | 52.63× | 47.27× | 12.73× | 12.24× | 63.82× | – | – | – |
| EV / Sales (TTM) | 41.74× | 34.59× | 8.72× | 2.17× | 13.28× | – | – | – |
| Returns | ||||||||
| Return on equity | 156.1% | 144.7% | 28.3% | (10.1%) | 1.5% | – | – | – |
| Return on invested capital | 113.0% | 47.7% | 17.9% | (1.1%) | 2.9% | (4.7%) | 33.8% | 171.2% |
| Dividend yield | – | – | – | – | – | – | – | – |
| Financial health | ||||||||
| Current ratio | 3.32× | 2.19× | 1.71× | 3.35× | 5.05× | 1.11× | 2.45× | 3.58× |
| Debt / equity | 1.65× | 3.22× | 2.48× | 1.69× | 1.51× | (10.09×) | (4.60×) | (2.10×) |
| Effective tax rate | 13.1% | 1.4% | 8.7% | 6.0% | 23.7% | 7.2% | 5.7% | (8.2%) |
| Share count | ||||||||
| Diluted shares outstanding | 342 | 348 | 363 | 372 | 343 | 215 | 212 | 190 |
StatisticsIncome statementBalance sheetCash flowDividendsSegments
| Line item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue and gross profit | |||||||||
| Revenue | $6,829 | $5,481 | $3,224 | $1,842 | $2,817 | $2,793 | $1,451 | $994 | $483 |
| Cost of revenue | ($788) | ($665) | ($521) | ($357) | ($1,256) | ($988) | ($556) | ($241) | ($54) |
| Gross profit | $6,041 | $4,816 | $2,703 | $1,485 | $1,561 | $1,805 | $896 | $753 | $430 |
| Operating expenses | |||||||||
| Research and development | ($320) | ($227) | ($375) | ($334) | ($508) | ($366) | ($181) | ($45) | ($16) |
| Selling, general and administrative | ($211) | ($234) | ($165) | ($151) | ($182) | ($159) | ($66) | ($32) | ($15) |
| Total operating expenses | ($753) | ($664) | ($792) | ($713) | ($1,609) | ($1,655) | ($958) | ($558) | ($187) |
| Total costs and expenses | ($1,541) | ($1,329) | ($1,313) | ($1,069) | ($2,865) | ($2,643) | ($1,513) | ($800) | ($241) |
| Operating income | $5,288 | $4,152 | $1,911 | $772 | ($48) | $150 | ($62) | $194 | $242 |
| Earnings | |||||||||
| EBITDA | $5,423 | $4,347 | $2,360 | $1,261 | $499 | $581 | $193 | $287 | $259 |
| Interest income | – | – | – | – | – | – | – | – | $60 |
| Interest expense | ($205) | ($207) | ($317) | ($274) | ($172) | ($103) | ($78) | ($74) | ($485) |
| Pre-tax income | $5,211 | $3,953 | $1,612 | $502 | ($205) | $46 | ($136) | $126 | ($240) |
| Income tax expense | ($801) | ($520) | ($22) | ($44) | $12 | ($11) | $10 | ($7) | ($20) |
| Net income | $4,410 | $3,334 | $1,580 | $357 | ($193) | $35 | ($125) | $119 | ($260) |
| Per share | |||||||||
| Diluted EPS (GAAP) | $13.01 | $9.75 | $4.53 | $0.98 | ($0.52) | $0.09 | ($0.58) | $0.36 | ($1.37) |
| Basic EPS (GAAP) | $13.07 | $9.84 | $4.68 | $1.01 | ($0.52) | $0.10 | ($0.58) | $0.36 | ($1.37) |
| Basic shares outstanding | 337 | 339 | 337 | 352 | 372 | 325 | 215 | 211 | 190 |
| Margins | |||||||||
| Gross margin | 88.5% | 87.9% | 83.9% | 80.6% | 55.4% | 64.6% | 61.7% | 75.7% | 88.9% |
| Operating margin | 77.4% | 75.8% | 59.3% | 41.9% | (1.7%) | 5.4% | (4.3%) | 19.6% | 50.2% |
| Net margin | 64.6% | 60.8% | 49.0% | 19.4% | (6.8%) | 1.3% | (8.6%) | 12.0% | (53.8%) |