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Applovin income statement 2018–2026What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
7.61B USD over the last twelve months, and 5.48B USD in fiscal year 2025.
Revenue Operating income Net income
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| Fiscal year | TTM 30 Sept 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|
RevenueWhat is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement. | 7.61B | 5.48B | 3.22B | 1.84B | 2.82B | 2.79B | 1.45B | 994.10M | 483.36M |
Revenue growth | +46.45% | +69.99% | +75.05% | -34.62% | +0.86% | +92.48% | +45.97% | +105.66% | — |
Cost of revenue | 853.73M | 665.14M | 520.61M | 356.61M | 1.26B | 988.10M | 555.58M | 241.27M | 53.76M |
Gross profit | 6.76B | 4.82B | 2.70B | 1.49B | 1.56B | 1.81B | 895.51M | 752.83M | 429.61M |
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 88.78% | 87.86% | 83.85% | 80.64% | 55.41% | 64.62% | 61.71% | 75.73% | 88.88% |
Research and development | 378.04M | 226.51M | 374.71M | 333.78M | 507.61M | 366.40M | 180.65M | 44.97M | 16.27M |
Selling, general and administrative | 458.70M | 437.15M | 417.78M | 378.96M | 1.10B | 1.29B | 694.23M | 513.49M | 181.65M |
Operating expenses | 836.75M | 663.66M | 792.49M | 712.74M | 1.61B | 1.65B | 957.55M | 558.46M | 187.16M |
| 5.92B | 4.15B | 1.91B | 772.41M | -47.79M | 150.02M | -62.04M | 194.37M | 242.45M | |
Operating income growth | +69.84% | +117.27% | +147.40% | — | -131.86% | — | -131.92% | -19.83% | — |
Operating marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 77.78% | 75.75% | 59.27% | 41.94% | -1.70% | 5.37% | -4.28% | 19.55% | 50.16% |
Interest income | — | — | — | — | — | — | — | — | 60.00M |
Interest expense | 204.67M | 207.02M | 317.21M | 273.51M | 171.86M | 103.17M | 77.87M | 73.96M | — |
Other non-operating income | 15.80M | -199.00M | -299.01M | -270.81M | -157.39M | -103.71M | -73.66M | -68.14M | -482.70M |
Pretax income | 5.93B | 3.95B | 1.61B | 501.60M | -205.18M | 46.31M | -135.71M | 126.23M | -240.26M |
Income tax | 920.91M | 519.72M | 22.42M | 43.78M | -12.23M | 10.97M | -9.77M | 7.19M | 19.74M |
Effective tax rate | 15.52% | 13.15% | 1.39% | 8.73% | — | 23.69% | — | 5.70% | — |
| 5.01B | 3.33B | 1.58B | 357.21M | -192.75M | 35.45M | -125.19M | 119.04M | -260.00M | |
Net income growth | +77.11% | +111.03% | +342.26% | — | -643.77% | — | -205.16% | — | — |
Net marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 65.89% | 60.83% | 49.00% | 19.40% | -6.84% | 1.27% | -8.63% | 11.97% | -53.79% |
Basic shares | 336.45M | 338.78M | 336.92M | 351.95M | 371.57M | 324.84M | 214.94M | 212.37M | 189.53M |
Diluted sharesWhat are shares outstanding? Shares outstanding are all the shares a company has issued that investors hold, insiders included. Their number times the share price is the market value. | 337.82M | 341.97M | 347.81M | 362.59M | 371.57M | 342.76M | 214.94M | 212.37M | 189.53M |
Change in diluted shares | -1.69% | -1.68% | -4.08% | -2.42% | +8.40% | +59.47% | +1.21% | +12.05% | — |
EPS (basic) | 14.91 | 9.84 | 4.68 | 1.01 | -0.52 | 0.10 | -0.58 | 0.36 | -1.37 |
EPS (diluted)What is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period. | 14.86 | 9.75 | 4.53 | 0.98 | -0.52 | 0.09 | -0.58 | 0.36 | -1.37 |
EPS growth | +80.34% | +115.23% | +362.24% | — | -659.14% | — | -261.11% | — | — |
EBITDAWhat is EBITDA? EBITDA is earnings before interest, taxes, depreciation and amortization: operating profit with the yearly cost of wearing out assets added back. | 6.27B | 4.35B | 2.38B | 1.26B | 513.77M | 580.54M | 197.12M | 293.00M | 247.74M |
EBITDA margin | 82.43% | 79.46% | 73.75% | 68.64% | 18.24% | 20.78% | 13.58% | 29.47% | 51.25% |
EBIT | 6.14B | 4.16B | 1.93B | 775.11M | -33.31M | 149.48M | -57.83M | 200.19M | 231.68M |
| Quarter | Q3 FY2026 30 Sept 2026 | Q2 FY2026 30 Jun 2026 | Q1 FY2026 31 Mar 2026 | Q4 FY2025 31 Dec 2025 | Q3 FY2025 30 Sept 2025 | Q2 FY2025 30 Jun 2025 | Q1 FY2025 31 Mar 2025 | Q4 FY2024 31 Dec 2024 | Q3 FY2024 30 Sept 2024 | Q2 FY2024 30 Jun 2024 | Q1 FY2024 31 Mar 2024 | Q4 FY2023 31 Dec 2023 | Q3 FY2023 30 Sept 2023 | Q2 FY2023 30 Jun 2023 | Q1 FY2023 31 Mar 2023 | Q4 FY2022 31 Dec 2022 | Q3 FY2022 30 Sept 2022 | Q2 FY2022 30 Jun 2022 | Q1 FY2022 31 Mar 2022 | Q4 FY2021 31 Dec 2021 | Q3 FY2021 30 Sept 2021 | Q2 FY2021 30 Jun 2021 | Q1 FY2021 31 Mar 2021 | Q4 FY2020 31 Dec 2020 | Q3 FY2020 30 Sept 2020 | Q2 FY2020 30 Jun 2020 | Q1 FY2020 31 Mar 2020 | Q4 FY2019 31 Dec 2019 | Q3 FY2019 30 Sept 2019 | Q2 FY2019 30 Jun 2019 | Q1 FY2019 31 Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RevenueWhat is revenue? Revenue is the money a company brings in from selling its goods and services over a period, before any costs. It is the top line of the income statement. | 2.18B | 1.92B | 1.84B | 1.66B | 1.41B | 1.26B | 1.16B | 1.37B | 835.19M | 711.02M | 1.06B | 953.26M | 864.26M | 750.17M | 715.41M | 702.31M | 713.10M | 776.23M | 625.42M | 793.47M | 726.95M | 668.81M | 603.88M | 509.84M | 381.74M | 299.33M | 260.18M | 278.81M | 260.60M | 248.45M | 206.24M |
Revenue growth | +55.50% | +52.82% | +58.97% | +20.77% | +68.23% | +77.04% | +9.53% | +44.01% | -3.36% | -5.22% | |||||||||||||||||||||
Cost of revenue | 240.77M | 225.80M | 203.63M | 183.53M | 174.86M | 155.08M | 151.68M | 320.45M | 120.92M | 121.76M | 294.15M | 273.61M | 265.05M | 258.58M | 261.96M | 369.37M | 300.99M | 303.93M | 281.78M | 265.13M | 254.05M | 245.85M | 223.06M | 198.01M | 163.06M | 118.05M | 76.45M | 75.70M | 69.10M | 58.05M | 46.06M |
Gross profit | 1.94B | 1.70B | 1.64B | 1.47B | 1.23B | 1.10B | 1.01B | 1.05B | 714.27M | 589.26M | 763.97M | 679.65M | 599.21M | 491.59M | 453.45M | 332.94M | 412.11M | 472.30M | 343.64M | 528.34M | 472.90M | 422.95M | 380.82M | 311.82M | 218.68M | 181.28M | 183.73M | 203.11M | 191.50M | 190.40M | 160.18M |
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 88.98% | 88.26% | 88.95% | 88.93% | 87.56% | 87.68% | 86.91% | 76.66% | 85.52% | 82.88% | |||||||||||||||||||||
Research and development | 101.82M | 99.90M | 94.10M | 82.22M | 43.85M | 44.03M | 56.41M | 169.48M | 80.78M | 99.12M | 155.32M | 150.82M | 159.29M | 137.42M | 144.85M | 118.19M | 122.06M | 141.11M | 126.25M | 119.54M | 108.52M | 77.46M | 60.88M | 80.70M | 51.14M | 29.70M | 19.11M | 15.36M | 12.24M | 10.52M | 6.85M |
Selling, general and administrative | 133.27M | 103.71M | 104.78M | 116.95M | 107.33M | 101.96M | 110.91M | 274.87M | 99.19M | 105.71M | 269.09M | 259.32M | 253.60M | 222.84M | 247.55M | 237.18M | 240.79M | 277.84M | 345.38M | 350.28M | 319.33M | 310.51M | 308.48M | 235.97M | 168.29M | 150.49M | 139.48M | 142.83M | 131.88M | 118.48M | 112.67M |
Operating expenses | 235.08M | 203.61M | 198.88M | 199.17M | 151.18M | 146.00M | 167.31M | 444.35M | 179.97M | 204.83M | 424.41M | 410.14M | 412.89M | 360.26M | 392.40M | 355.37M | 362.84M | 418.95M | 471.63M | 469.82M | 427.85M | 387.98M | 369.35M | 316.78M | 294.14M | 188.04M | 158.59M | 158.18M | 144.12M | 129.00M | 119.51M |
| 1.71B | 1.49B | 1.44B | 1.28B | 1.08B | 957.68M | 839.98M | 607.98M | 534.30M | 384.42M | 339.56M | 269.51M | 186.32M | 131.33M | 61.05M | -22.43M | 49.27M | 53.36M | -127.99M | 58.53M | 45.05M | 34.98M | 11.47M | -4.96M | -75.46M | -6.76M | 25.14M | 44.93M | 47.38M | 61.40M | 40.67M | |
Operating income growth | +58.38% | +56.03% | +71.42% | +109.75% | +101.95% | +149.12% | +147.37% | +125.58% | +186.77% | +192.72% | |||||||||||||||||||||
Operating marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 78.22% | 77.68% | 78.15% | 76.92% | 76.80% | 76.08% | 72.48% | 44.29% | 63.97% | 54.07% | |||||||||||||||||||||
Interest income | — | — | — | — | — | — | — | — | 7.95M | — | — | — | 1.49M | — | — | — | 969.00K | 518.00K | — | — | — | — | — | — | — | — | — | — | — | — | — |
Interest expense | 51.07M | 51.16M | 51.16M | 51.29M | 51.43M | 51.41M | 52.89M | 94.20M | 74.94M | 74.42M | 74.18M | 67.25M | 78.58M | 50.99M | 74.51M | 54.72M | 48.63M | 36.51M | 32.01M | 30.37M | 18.76M | 19.03M | 35.01M | 20.33M | 20.11M | 18.81M | 18.63M | 19.36M | 20.93M | 19.25M | 14.42M |
Other non-operating income | 34.97M | 11.25M | -8.53M | -21.89M | -58.06M | -73.68M | -45.38M | -92.86M | -66.57M | -66.55M | -71.61M | -90.62M | -77.09M | -35.53M | -64.40M | -43.75M | -47.66M | -35.99M | -30.00M | -29.91M | -27.97M | -20.60M | -25.22M | -21.46M | -18.94M | -15.65M | -17.61M | -17.95M | -18.82M | -17.32M | -14.05M |
Pretax income | 1.74B | 1.51B | 1.43B | 1.25B | 1.02B | 884.00M | 794.61M | 515.12M | 467.73M | 317.88M | 267.95M | 178.90M | 109.23M | 95.80M | -3.35M | -66.17M | 1.61M | 17.37M | -157.98M | 28.61M | 17.08M | 14.38M | -13.76M | -26.42M | -94.40M | -22.41M | 7.53M | 26.98M | 28.56M | 44.08M | 26.61M |
Income tax | 305.03M | 238.99M | 225.80M | 151.10M | 185.40M | 112.15M | 71.07M | -84.08M | 34.66M | 16.89M | 31.76M | 6.66M | 586.00K | 15.45M | 1.17M | 13.34M | -22.05M | 39.17M | -42.68M | -2.79M | 16.93M | 14.00K | -3.18M | -7.45M | -4.49M | -703.00K | 2.86M | -12.05M | 5.55M | 8.60M | 5.09M |
Effective tax rate | 17.49% | 15.87% | 15.77% | 12.06% | 18.16% | 12.69% | 8.94% | -16.32% | 7.41% | 5.31% | |||||||||||||||||||||
| 1.44B | 1.27B | 1.21B | 1.10B | 835.55M | 819.53M | 576.42M | 599.20M | 434.42M | 309.97M | 236.18M | 172.23M | 108.64M | 80.36M | -4.52M | -79.51M | 23.77M | -21.75M | -115.26M | 31.37M | 178.00K | 14.42M | -10.52M | -18.77M | -89.69M | -21.39M | 4.66M | 39.03M | 23.01M | 35.48M | 21.52M | |
Net income growth | +72.21% | +54.54% | +109.16% | +83.96% | +92.34% | +164.39% | +144.06% | +247.90% | +299.87% | +285.74% | |||||||||||||||||||||
Net marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs. | 65.86% | 65.84% | 65.44% | 66.48% | 59.47% | 65.11% | 49.74% | 43.65% | 52.01% | 43.60% | |||||||||||||||||||||
Basic shares | 333.63M | 336.60M | 337.40M | 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 | 222.41M | 220.75M | 213.54M | 213.44M | 210.90M | 200.95M | 200.95M | 200.95M | 200.95M |
Diluted sharesWhat are shares outstanding? Shares outstanding are all the shares a company has issued that investors hold, insiders included. Their number times the share price is the market value. | 334.77M | 337.88M | 338.73M | 339.90M | 340.97M | 342.19M | 344.88M | 346.42M | 348.23M | 347.96M | 348.60M | 347.49M | 356.91M | 366.34M | 373.16M | 375.02M | 378.46M | 373.91M | 371.97M | 342.76M | 384.32M | 353.86M | 222.41M | 220.75M | 214.64M | 213.44M | 210.90M | 200.95M | 200.95M | 200.95M | 200.95M |
Change in diluted shares | -1.82% | -1.26% | -1.78% | -1.88% | -2.08% | -1.66% | -1.07% | -0.31% | -2.43% | -5.02% | |||||||||||||||||||||
EPS (basic) | 4.31 | 3.77 | 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 | -0.05 | -0.09 | -0.42 | -0.10 | 0.01 | 0.19 | 0.11 | 0.18 | 0.11 |
EPS (diluted)What is EPS (earnings per share)? EPS (earnings per share) is a company's net income divided by its number of shares: the profit that belongs to each share over a period. | 4.30 | 3.76 | 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 | -0.05 | -0.09 | -0.42 | -0.10 | 0.02 | 0.19 | 0.11 | 0.18 | 0.11 |
EPS growth | +75.51% | +57.32% | +113.17% | +87.28% | +96.00% | +168.54% | +149.25% | +253.06% | +316.67% | +304.55% | |||||||||||||||||||||
EBITDAWhat is EBITDA? EBITDA is earnings before interest, taxes, depreciation and amortization: operating profit with the yearly cost of wearing out assets added back. | 1.83B | 1.59B | 1.52B | 1.34B | 1.11B | 982.47M | 927.38M | 737.16M | 642.30M | 500.84M | 454.79M | 369.59M | 309.61M | 266.68M | 199.37M | 90.13M | 214.07M | 206.56M | 3.02M | 174.64M | 155.27M | 140.56M | 110.07M | 91.63M | -770.00K | 47.82M | 58.44M | 75.29M | 73.47M | 81.26M | 52.61M |
EBITDA margin | 83.72% | 82.61% | 82.29% | 80.67% | 78.82% | 78.05% | 80.02% | 53.70% | 76.91% | 70.44% | |||||||||||||||||||||
EBIT | 1.80B | 1.56B | 1.48B | 1.30B | 1.07B | 935.41M | 847.49M | 609.32M | 542.67M | 392.29M | 342.13M | 250.48M | 187.81M | 146.79M | 71.16M | -11.45M | 50.24M | 53.87M | -125.97M | 58.99M | 35.83M | 33.41M | 21.26M | -6.10M | -74.29M | -3.61M | 26.16M | 46.34M | 49.49M | 63.33M | 41.03M |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
Common questions about Applovin's income statement
Source: Financial Modeling Prep