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APP · Nasdaq · United States · Services-Computer Programming, Data Processing, Etc.
In shortAppLovin Corp is profitable, generates cash and carries moderate debt, with revenue growing (+70.0% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 75.8% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 60.8% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 206.8% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 63.9% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.32× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.65× | 20/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.24× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 20.70× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 7.86 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 72.5% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.19× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 54.7% | 0/100 |
| Operating margin volatility | 33.6% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 24.8% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,793 | 2,817 | 1,842 | 3,224 | 5,481 |
| Cost of revenue | 988 | 1,256 | 357 | 521 | 665 |
| Gross profit | 1,805 | 1,561 | 1,485 | 2,703 | 4,816 |
| Research & development | 366 | 508 | 334 | 375 | 227 |
| Operating income | 150 | (48) | 772 | 1,911 | 4,152 |
| Interest expense | 103 | 172 | 282 | 308 | 201 |
| Pre-tax income | 46 | (205) | 502 | 1,612 | 3,953 |
| Income tax | 11 | (12) | 44 | 22 | 520 |
| Net income | 35 | (193) | 357 | 1,580 | 3,334 |
| Diluted EPS | $0.09 | −$0.52 | $0.98 | $4.53 | $9.75 |
| Diluted shares (millions) | 343 | 372 | 363 | 348 | 342 |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of AppLovin Corp are included in the Investor plan. Try free for 7 days →
7.86 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
9/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026