AppLovin Corporation (APP) income statement
NASDAQ · Technology · Software - Application · 887 employees · CEO Adam Arash Foroughi
- Price
- $228.50 -10.36%
- Market cap
- $76.8B
- Enterprise value
- $77.2B
- Last report
- Q2 '26 filed 2026-08-05
- Next report
- 2026-11-04 EPS est. $4.04
AppLovin Corporation (APP) reported revenue of $1.92B for Q2 '26 (+52.8% year on year), operating income of $1.49B (77.7% of revenue) and net income of $1.27B. Over the last four quarters revenue was $6.83B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $864M | $953M | $1.06B | $711M | $835M | $1.37B | $1.16B | $1.26B | $1.41B | $1.66B | $1.84B | $1.92B | |
| Cost of revenue | $265M | $274M | $294M | $122M | $121M | $320M | $152M | $155M | $175M | $184M | $204M | $226M | |
| Gross profit | $599M | $680M | $764M | $589M | $714M | $1.05B | $1.01B | $1.1B | $1.23B | $1.47B | $1.64B | $1.7B | |
| Research & development | $159M | $151M | $155M | $99.1M | $80.8M | $169M | $56.4M | $44M | $43.9M | $82.2M | $94.1M | $99.9M | |
| Sales & marketing | $212M | $223M | $227M | $67M | $63M | $215M | $59.4M | $46.9M | $48.6M | $48.8M | $60.8M | $63.4M | |
| General & administrative | $41.2M | $36.4M | $42.4M | $38.7M | $36.2M | $60.2M | $51.5M | $55M | $58.8M | $68.2M | $44M | $40.3M | |
| Operating expenses | $413M | $410M | $424M | $205M | $180M | $444M | $167M | $146M | $151M | $199M | $199M | $204M | |
| Operating income | $186M | $270M | $340M | $384M | $534M | $608M | $840M | $958M | $1.08B | $1.28B | $1.44B | $1.49B | |
| Interest income | $1.49M | $0 | $0 | $0 | $7.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $78.6M | $67.2M | $74.2M | $74.4M | $74.9M | $94.2M | $52.9M | $51.4M | $51.4M | $51.3M | $51.2M | $51.2M | |
| Other non-operating income (gains on investments, FX ...) | -$1.49M | $19M | -$2.57M | -$7.87M | -$8.37M | -$1.34M | -$7.51M | $22.3M | $6.63M | -$29.4M | -$42.6M | -$62.4M | |
| Total non-operating income | -$77.1M | -$90.6M | -$71.6M | -$66.5M | -$66.6M | -$92.9M | -$45.4M | -$73.7M | -$58.1M | -$21.9M | -$8.53M | $11.2M | |
| Income before tax | $109M | $179M | $268M | $318M | $468M | $515M | $795M | $884M | $1.02B | $1.25B | $1.43B | $1.51B | |
| Income tax | $586K | $6.66M | $31.8M | $16.9M | $34.7M | -$84.1M | $71.1M | $112M | $185M | $151M | $226M | $239M | |
| Net income | $109M | $172M | $236M | $310M | $434M | $599M | $576M | $820M | $836M | $1.1B | $1.21B | $1.27B | |
| EPS (basic) | $0.32 | $0.51 | $0.70 | $0.92 | $1.29 | $1.77 | $1.70 | $2.42 | $2.47 | $3.26 | $3.57 | $3.77 | |
| EPS (diluted) | $0.30 | $0.49 | $0.67 | $0.89 | $1.25 | $1.73 | $1.67 | $2.39 | $2.45 | $3.24 | $3.56 | $3.76 | |
| Shares (basic, weighted) | 341M | 337M | 336M | 336M | 337M | 339M | 340M | 339M | 339M | 338M | 337M | 337M | |
| Shares (diluted, weighted) | 357M | 347M | 349M | 348M | 348M | 346M | 345M | 342M | 341M | 340M | 339M | 338M | |
| Depreciation & amortization | $122M | $119M | $113M | $109M | $99.6M | $128M | $79.9M | $47.1M | $35.1M | $32.7M | $33.7M | $32.6M | |
| EBITDA | $310M | $370M | $455M | $501M | $642M | $737M | $927M | $982M | $1.11B | $1.34B | $1.52B | $1.59B |
| Income statement | Trend | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $483M | $994M | $1.45B | $2.79B | $2.82B | $1.84B | $3.22B | $5.48B | |
| Cost of revenue | $53.8M | $241M | $556M | $988M | $1.26B | $357M | $521M | $665M | |
| Gross profit | $430M | $753M | $896M | $1.81B | $1.56B | $1.49B | $2.7B | $4.82B | |
| Research & development | $16.3M | $45M | $181M | $366M | $508M | $334M | $375M | $227M | |
| Sales & marketing | $167M | $482M | $628M | $1.13B | $920M | $228M | $253M | $204M | |
| General & administrative | $14.9M | $31.7M | $66.4M | $159M | $182M | $151M | $165M | $234M | |
| Other operating expenses | -$10.8M | $0 | $82.7M | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $187M | $558M | $958M | $1.65B | $1.61B | $713M | $792M | $664M | |
| Operating income | $242M | $194M | -$62M | $150M | -$47.8M | $772M | $1.91B | $4.15B | |
| Interest income | $60M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Interest expense | $0 | $74M | $77.9M | $103M | $172M | $274M | $317M | $207M | |
| Other non-operating income (gains on investments, FX ...) | $10.8M | -$5.82M | -$4.21M | $535K | -$14.5M | -$2.7M | -$18.2M | -$8.01M | |
| Total non-operating income | -$483M | -$68.1M | -$73.7M | -$104M | -$157M | -$271M | -$299M | -$199M | |
| Income before tax | -$240M | $126M | -$136M | $46.3M | -$205M | $502M | $1.61B | $3.95B | |
| Income tax | $19.7M | $7.19M | -$9.77M | $11M | -$12.2M | $43.8M | $22.4M | $520M | |
| Net income | -$260M | $119M | -$125M | $35.4M | -$193M | $357M | $1.58B | $3.33B | |
| EPS (basic) | -$1.37 | $0.36 | -$0.58 | $0.10 | -$0.52 | $1.01 | $4.68 | $9.84 | |
| EPS (diluted) | -$1.37 | $0.36 | -$0.58 | $0.09 | -$0.52 | $0.98 | $4.53 | $9.75 | |
| Shares (basic, weighted) | 190M | 212M | 215M | 325M | 372M | 352M | 337M | 339M | |
| Shares (diluted, weighted) | 190M | 212M | 215M | 343M | 372M | 363M | 348M | 342M | |
| Depreciation & amortization | $16.1M | $92.8M | $255M | $431M | $547M | $489M | $449M | $195M | |
| EBITDA | $248M | $293M | $197M | $581M | $514M | $1.26B | $2.38B | $4.35B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01