AppLovin Corporation (APP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.84B | 1.66B | 1.41B | 1.26B | 1.48B | 1.37B | 835.19M | 711.01M | 1.06B | 953.26M | 864.26M | 750.16M | 715.4M | 702.31M | 713.1M | 776.23M | 625.42M | 793.47M | 726.95M | 668.81M |
| Revenue Growth % | 24.15% | 20.77% | 68.23% | 77.04% | 40.25% | 44.01% | -3.36% | -5.22% | 47.9% | 35.73% | 21.2% | -3.36% | 14.39% | -11.49% | -1.91% | 16.06% | 3.57% | - | - | - |
| Cost of Goods Sold | 203.63M | 183.53M | 174.85M | 155.08M | 271.23M | 320.45M | 120.92M | 121.76M | 294.15M | 273.61M | 265.05M | 258.57M | 261.96M | 369.37M | 300.99M | 303.93M | 281.78M | 265.13M | 254.05M | 245.85M |
| COGS % of Revenue | 11.05% | 11.07% | 12.44% | 12.32% | 18.28% | 23.34% | 14.48% | 17.12% | 27.8% | 28.7% | 30.67% | 34.47% | 36.62% | 52.59% | 42.21% | 39.15% | 45.05% | 33.41% | 34.95% | 36.76% |
| Gross Profit | 1.64B | 1.47B | 1.23B | 1.1B | 1.21B | 1.05B | 714.27M | 589.26M | 763.97M | 679.65M | 599.21M | 491.59M | 453.44M | 332.94M | 412.11M | 472.3M | 343.64M | 528.34M | 472.9M | 422.95M |
| Gross Margin % | 88.95% | 88.93% | 87.56% | 87.68% | 81.72% | 76.66% | 85.52% | 82.88% | 72.2% | 71.3% | 69.33% | 65.53% | 63.38% | 47.41% | 57.79% | 60.85% | 54.95% | 66.59% | 65.05% | 63.24% |
| Gross Profit Growth % | 35.13% | 40.11% | 72.23% | 87.3% | 58.75% | 54.83% | 19.2% | 19.87% | 68.48% | 104.14% | 45.4% | 4.08% | 31.95% | -36.98% | -12.85% | 11.67% | -9.76% | - | - | - |
| Operating Expenses | 198.88M | 199.17M | 151.18M | 146M | 549.32M | 444.35M | 179.97M | 204.83M | 424.41M | 410.14M | 412.89M | 360.26M | 392.4M | 355.37M | 362.84M | 418.95M | 471.63M | 469.82M | 427.85M | 387.98M |
| OpEx % of Revenue | 10.79% | 12.01% | 10.76% | 11.6% | 37.02% | 32.37% | 21.55% | 28.81% | 40.11% | 43.02% | 47.77% | 48.02% | 54.85% | 50.6% | 50.88% | 53.97% | 75.41% | 59.21% | 58.86% | 58.01% |
| Selling, General & Admin | 104.78M | 116.95M | 107.33M | 101.96M | 237.46M | 274.87M | 99.19M | 105.71M | 269.08M | 259.32M | 253.6M | 222.84M | 247.55M | 237.18M | 240.78M | 277.84M | 345.38M | 350.27M | 319.33M | 310.51M |
| SG&A % of Revenue | 5.69% | 7.05% | 7.64% | 8.1% | 16% | 20.02% | 11.88% | 14.87% | 25.43% | 27.2% | 29.34% | 29.71% | 34.6% | 33.77% | 33.77% | 35.79% | 55.22% | 44.14% | 43.93% | 46.43% |
| Research & Development | 94.1M | 82.22M | 43.85M | 44.03M | 122.92M | 169.48M | 80.78M | 163.9M | 155.32M | 150.82M | 159.29M | 137.42M | 144.85M | 118.19M | 122.06M | 141.11M | 126.25M | 119.54M | 108.52M | 77.46M |
| R&D % of Revenue | 5.11% | 4.96% | 3.12% | 3.5% | 8.28% | 12.35% | 9.67% | 23.05% | 14.68% | 15.82% | 18.43% | 18.32% | 20.25% | 16.83% | 17.12% | 18.18% | 20.19% | 15.07% | 14.93% | 11.58% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.44B | 1.28B | 1.08B | 957.68M | 663.47M | 607.98M | 534.3M | 384.42M | 339.56M | 269.51M | 186.32M | 131.33M | 61.05M | -22.43M | 49.27M | 53.35M | -127.99M | 58.52M | 45.05M | 34.98M |
| Operating Margin % | 78.15% | 76.92% | 76.8% | 76.08% | 44.71% | 44.29% | 63.97% | 54.07% | 32.09% | 28.27% | 21.56% | 17.51% | 8.53% | -3.19% | 6.91% | 6.87% | -20.46% | 7.38% | 6.2% | 5.23% |
| Operating Income Growth % | 117.03% | 109.75% | 101.95% | 149.12% | 95.39% | 125.58% | 186.77% | 192.72% | 456.23% | 1301.79% | 278.18% | 146.14% | 147.7% | -138.32% | 9.37% | 52.54% | -1216.33% | - | - | - |
| EBITDA | 1.4B | 1.31B | 1.11B | 1B | 743.36M | 735.82M | 633.93M | 492.96M | 452.23M | 388.63M | 308.12M | 251.22M | 189.25M | 79.15M | 213.1M | 206.04M | 1M | 174.18M | 164.48M | 142.13M |
| EBITDA Margin % | 75.84% | 78.89% | 79.29% | 79.82% | 50.09% | 53.6% | 75.9% | 69.33% | 42.74% | 40.77% | 35.65% | 33.49% | 26.45% | 11.27% | 29.88% | 26.54% | 0.16% | 21.95% | 22.63% | 21.25% |
| EBITDA Growth % | 87.97% | 77.76% | 75.75% | 103.82% | 64.38% | 89.34% | 105.75% | 96.23% | 138.95% | 390.99% | 44.59% | 21.93% | 18787.72% | -54.56% | 29.55% | 44.96% | -99% | - | - | - |
| D&A (Non-Cash Add-back) | 0 | 32.74M | 35.1M | 47.05M | 79.89M | 127.84M | 99.64M | 108.54M | 112.67M | 119.11M | 121.8M | 119.89M | 128.21M | 101.58M | 163.83M | 152.69M | 128.99M | 115.65M | 119.44M | 107.16M |
| EBIT | 1.4B | 1.3B | 1.07B | 935.41M | 671.28M | 609.32M | 542.67M | 399.93M | 342.13M | 250.48M | 187.81M | 146.79M | 71.16M | -11.45M | 50.24M | 53.87M | -125.97M | 58.99M | 35.83M | 33.41M |
| Net Interest Income | -51.16M | -51.29M | -51.43M | -51.41M | -52.89M | -102.15M | -74.94M | -74.67M | -74.18M | -67.25M | -77.09M | -50.99M | -74.51M | -54.72M | -47.66M | -35.99M | -32.01M | -30.37M | -18.76M | -19.03M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | -7.95M | 0 | 0 | 0 | 0 | 1.49M | 0 | 0 | 0 | 969K | 518K | 0 | 0 | 0 | 0 |
| Interest Expense | 51.16M | 51.29M | 51.43M | 51.41M | 52.89M | 94.2M | 74.94M | 74.67M | 74.18M | 67.25M | 78.58M | 50.99M | 74.51M | 54.72M | 48.63M | 36.51M | 32.01M | 30.37M | 18.76M | 19.03M |
| Other Income/Expense | -8.53M | -21.89M | -58.06M | -73.68M | -45.08M | -92.86M | -66.57M | -66.55M | -71.61M | -90.62M | -77.09M | -35.53M | -64.4M | -43.75M | -47.66M | -35.99M | -30M | -29.91M | -27.97M | -20.6M |
| Pretax Income | 1.43B | 1.25B | 1.02B | 884M | 618.39M | 515.12M | 467.73M | 317.88M | 267.94M | 178.9M | 109.22M | 95.8M | -3.35M | -66.17M | 1.61M | 17.37M | -157.98M | 28.61M | 17.07M | 14.38M |
| Pretax Margin % | 77.69% | 75.6% | 72.66% | 70.23% | 41.67% | 37.52% | 56% | 44.71% | 25.32% | 18.77% | 12.64% | 12.77% | -0.47% | -9.42% | 0.23% | 2.24% | -25.26% | 3.61% | 2.35% | 2.15% |
| Income Tax | 225.79M | 151.1M | 185.4M | 112.15M | 41.98M | -84.08M | 34.66M | 16.89M | 31.76M | 6.66M | 586K | 15.45M | 1.17M | 13.34M | -22.05M | 39.17M | -42.68M | -2.79M | 16.93M | 14K |
| Effective Tax Rate % | 15.77% | 12.06% | 18.16% | 12.69% | 6.79% | -16.32% | 7.41% | 5.31% | 11.85% | 3.72% | 0.54% | 16.12% | -34.75% | -20.16% | -1370.6% | 225.51% | 27.02% | -9.76% | 99.17% | 0.1% |
| Net Income | 1.21B | 1.1B | 835.54M | 819.53M | 576.42M | 599.2M | 434.42M | 309.97M | 236.18M | 172.23M | 108.64M | 80.36M | -4.52M | -79.51M | 23.77M | -21.75M | -115.26M | 31.37M | 178K | 14.42M |
| Net Margin % | 65.44% | 66.48% | 59.47% | 65.11% | 38.84% | 43.65% | 52.01% | 43.6% | 22.32% | 18.07% | 12.57% | 10.71% | -0.63% | -11.32% | 3.33% | -2.8% | -18.43% | 3.95% | 0.02% | 2.16% |
| Net Income Growth % | 109.16% | 83.95% | 92.34% | 164.39% | 144.06% | 247.9% | 299.87% | 285.74% | 5327.6% | 316.61% | 357.02% | 469.49% | 96.08% | -353.5% | 13254.49% | -250.79% | -995.49% | - | - | - |
| Net Income (Continuing) | 1.21B | 1.1B | 835.54M | 771.86M | 576.42M | 599.2M | 433.07M | 300.98M | 236.18M | 172.23M | 108.64M | 80.36M | -4.52M | -79.51M | 23.66M | -21.8M | -115.3M | 31.41M | 142K | 14.36M |
| Discontinued Operations | 0 | 0 | 0 | 1000K | 0 | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 109K | 160K | 201K | 160K | 196K |
| EPS (Diluted) | 3.56 | 3.24 | 2.45 | 2.39 | 1.67 | 1.73 | 1.25 | 0.89 | 0.67 | 0.49 | 0.30 | 0.22 | -0.01 | -0.21 | 0.06 | -0.06 | -0.31 | 0.08 | 0.00 | 0.04 |
| EPS Growth % | 113.17% | 87.28% | 96% | 168.54% | 149.25% | 253.06% | 316.67% | 304.55% | 5637.19% | 333.33% | 380% | 478.01% | 96.1% | -349.41% | - | -254.38% | -555.39% | - | - | - |
| EPS (Basic) | 3.57 | 3.26 | 2.47 | 2.42 | 1.70 | 1.77 | 1.29 | 0.92 | 0.70 | 0.51 | 0.32 | 0.22 | -0.01 | -0.21 | 0.06 | -0.06 | -0.31 | 0.09 | 0.00 | 0.04 |
| Diluted Shares Outstanding | 338.73M | 339.9M | 340.97M | 342.19M | 344.88M | 346.42M | 348.23M | 347.96M | 348.6M | 347.49M | 356.91M | 366.34M | 373.16M | 375.02M | 378.46M | 373.91M | 371.97M | 342.76M | 384.32M | 353.86M |
| Basic Shares Outstanding | 337.4M | 338.16M | 338.53M | 338.62M | 339.84M | 339.17M | 336.93M | 335.68M | 335.79M | 337.14M | 341.44M | 356.96M | 373.16M | 370.48M | 369.39M | 373.91M | 371.97M | 324.84M | 368.43M | 335.62M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |