AppLovin Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.48B | $4.71B | $3.28B | $2.82B | $2.79B | $1.45B | $994.1M |
| Software Platform | $5.48B | $3.22B | $1.84B | $1.05B | $674.0M | — | — |
| Apps | $0 | $1.49B | $1.44B | $1.77B | $2.12B | — | — |
| Cost of Revenue | $665.1M | $520.6M | $356.6M | $1.26B | $988.1M | $555.6M | $241.3M |
| Gross Profit | $4.82B | $4.19B | $2.93B | $1.56B | $1.81B | $895.5M | $752.8M |
| Gross Margin | 87.9% | 88.9% | 89.1% | 55.4% | 64.6% | 61.7% | 75.7% |
| Operating Expenses | |||||||
| Research & Development | $226.5M | $374.7M | $333.8M | $507.6M | $366.4M | $180.7M | $45.0M |
| SG&A Expense | $233.5M | $164.9M | $150.9M | $181.6M | $158.7M | $66.4M | $31.7M |
| Operating Income | $4.15B | $1.91B | $772.4M | $-47.8M | $150.0M | $-62.0M | $194.4M |
| Operating Margin | 75.8% | 40.6% | 23.5% | -1.7% | 5.4% | -4.3% | 19.6% |
| Interest Expense | $200.6M | $308.0M | $281.7M | $172.2M | — | — | — |
| Pretax Income | $3.95B | $1.61B | $501.6M | $-205.2M | $46.3M | $-135.7M | $126.2M |
| Income Tax Expense | $519.7M | $22.4M | $43.8M | $-12.2M | $11.0M | $-9.8M | $7.2M |
| Net Income | $3.33B | $1.58B | $356.7M | $-192.7M | $35.4M | $-125.2M | $119.0M |
| Net Margin | 60.8% | 33.5% | 10.9% | -6.8% | 1.3% | -8.6% | 12.0% |
| EPS (Basic) | $9.84 | $4.68 | $1.01 | $-0.52 | $0.10 | $-0.58 | $0.36 |
| EPS (Diluted) | $9.75 | $4.53 | $0.98 | $-0.52 | $0.09 | $-0.58 | $0.36 |
| Shares Outstanding (Basic) | 338.8M | 336.9M | 352.0M | 371.6M | 324.8M | 214.9M | 210.9M |
| Shares Outstanding (Diluted) | 342.0M | 347.8M | 362.6M | 371.6M | 342.8M | 214.9M | 212.4M |
| Dividends Per Share | — | — | — | — | — | — | — |