AppLovin

APP · NASDAQ · USD

$268.22−4.65%−$13.09

Close · October 2, 2026

At a glance

Revenue growth: +69.99%; 2025 vs 2024
Net income growth: +111.03%; 2025 vs 2024
Net margin: 60.8%; 2024: 49.0%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	8,269	7,708	7,260	6,343	5,959	5,707	5,869	5,442	5,269	5,263	5,359	5,005
Current assets	5,392	4,848	4,431	3,488	2,993	2,367	2,312	1,875	1,660	1,608	1,616	1,301
Cash and equivalents	3,053	2,759	2,487	1,667	1,193	551	697	568	460	436	502	332
Receivables	2,171	1,958	1,819	1,604	1,582	1,578	1,283	1,187	1,074	1,035	954	849
Net property, plant and equipment	112	115	148	131	130	162	196	177	169	173	222	155
Goodwill	1,519	1,523	1,540	1,541	1,539	1,640	1,458	1,852	1,822	1,827	1,843	1,814
Other intangible assets	356	369	397	422	448	855	473	1,024	1,102	1,198	1,293	1,387
Long-term investments	483	447	307	127	148	166	68.1	147	146	95.2	66.8	87.2
Current liabilities	1,254	1,494	1,334	1,073	1,094	1,409	1,057	780	730	763	944	805
Accounts payable	779	698	747	516	554	595	504	428	388	390	372	281
Long-term debt	3,515	3,514	3,513	3,512	3,511	3,510	3,509	3,474	3,482	3,490	2,906	2,912
Total debt	3,515	3,514	3,667	3,796	3,698	3,722	3,555	3,510	3,518	3,525	—	—
Total liabilities	5,106	5,344	5,125	4,869	4,792	5,131	4,779	4,504	4,455	4,502	4,103	3,909
Total equity (incl. minority)	3,163	2,363	2,135	1,474	1,167	575	1,090	938	815	760	1,256	1,096
Retained earnings	2,662	1,927	1,735	1,049	723	174	599	—	-267	-577	-813	-985