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AppLovin CorpAPP

Sector
Technology
Industry
Services-Computer Programming, Data Processing, Etc.
Exchange
Nasdaq

Stock Price $APP

Latest filings

You are here#42 of 67 in Technology by market cap

Filing record · 2021–202610-K510-Q178-K58

APP filed 5 annual reports (10-K), 17 quarterly reports (10-Q) and 58 current reports (8-K) between 2021 and 2026.

  1. Deal closed8-K · Apr ’21Apr ’21
  2. Leadership change8-K · Aug ’22Aug ’22
  3. Leadership change8-K · Nov ’23Nov ’23
  4. FY2025 annual report10-K · Feb ’26Feb ’26

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  7. $5.48B
YoY changeLargest recent move+92.5%in FY21Latest +70.0%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All APP Financial Metrics58 metrics

Income Statement16

Balance Sheet24

Cash Flow14

Per Share4

02—Overview

AppLovin Corp Financial Overview 2021–2025

Updated Jul 10, 2026

AppLovin generated an 82.3%a Adjusted EBITDA margin in FY2025, driven by the immense scale of its AI-powered Axon advertising engine. By deliberately pivoting away from first-party mobile games to become a pure-play advertising technology provider, the company transformed into a highly efficient cash generator. This strategic shift worked flawlessly, allowing management to slash research and development expenses by 40% and sales and marketing expenses by 19% year-over-year in FY2025 while maintaining aggressive top-line expansion.

The business evolved dramatically as total revenue grew from $2.79 billion in FY2021 to $5.48 billionb in FY2025. This expansion culminated in a record $3.33 billion in net income during FY2025, a massive leap from just $35.3 million four years prior. Capitalizing on its divestiture of the Apps segment—which finalized in mid-2025 for $715.6 million—AppLovin aggressively returned capital to shareholders, repurchasing $2.2 billion of its own stock over the year. Investors rewarded this operational discipline heavily. At the close of FY2025, the stock was priced at $673.82, commanding a 69.1x P/E ratio and a $228.0 billion market cap.

Recent Developments (Q4 2025 and Q1 2026)

AppLovin sustained its exceptional momentum into Q1 2026, delivering $1.84 billionc in revenue, a 59% year-over-year increase. Profitability further accelerated, with the company generating $1.21 billion in net income and achieving an 84.5% Adjusted EBITDA margin for the quarter. This growth was directly fueled by the Axon Ads Manager, which posted a remarkable 93% spike in net revenue per installation. Alongside these results, the company announced major leadership transitions effective in mid-2026, promoting Giovanni Ge to Chief Technology Officer to replace Basil Shikin, and appointing Craig Billings as independent Chairperson.

Bulls contend that aggressive capital returns, highlighted by $1 billiond in Q1 2026 share repurchases and $1.29 billion in quarterly free cash flow, underscore a highly durable, cash-rich business model. Conversely, bears warn that reliance on a single advertising engine exposes the firm to external platform changes, which could pressure its valuation of 48.1x earnings as of May 6, 2026.

What to watch: integration of new executive leadership over the summer; expansion of the Axon advertising ecosystem into Connected TV environments.

03—Filings

Recent SEC Filings

  1. 8-KAppLovin Corp 8-K Report, Financial Results (Aug 5, 2026)AppLovin Corporation (APP) has filed an 8-K report on August 5, 2026, to announce its financial results for the quarter ended June 30, 2026. The primary driver of this filing is the accompanying press release, which contains the company's performance metrics for the period. Investors should note that this information is furnished and not deemed "filed" under the Securities Exchange Act of 1934, meaning it does not carry the same legal liabilities as formally filed information but serves as an important disclosure of recent operational and financial outcomes. While the specific financial figures are detailed within the press release (Exhibit 99.1), this filing indicates the company's commitment to timely communication of its quarterly performance. Investors are encouraged to review the attached press release for comprehensive details on revenue, profitability, key performance indicators, and management's commentary on the business environment and outlook. This disclosure is crucial for understanding AppLovin's ongoing trajectory in the mobile technology and advertising sectors.
  2. 8-KAppLovin Corp 8-K Report, Shareholder Vote Results (Jun 5, 2026)AppLovin Corporation (APP) filed an 8-K on June 5, 2026, detailing the results of its Annual Meeting of Stockholders held on June 3, 2026. The meeting focused on routine corporate governance matters, with all five proposals presented receiving significant support from stockholders, with one exception. The election of directors, ratification of Deloitte & Touche LLP as the independent auditor, and advisory approval of executive compensation all passed overwhelmingly, indicating continued confidence in the company's leadership and financial oversight. A notable outcome was the approval of an amendment to the Certificate of Incorporation to provide for officer exculpation, a measure often sought to protect officers from personal liability in certain situations, aligning with Delaware law. Conversely, a stockholder proposal seeking enhanced disclosure of voting results by share class was not approved, suggesting that the current disclosure practices are deemed sufficient by the majority of shareholders.
  3. 8-KAppLovin Corp 8-K Report, Financial Results (May 6, 2026)AppLovin Corporation (APP) filed an 8-K on May 6, 2026, to report its financial results for the quarter ended March 31, 2026. While the filing itself does not contain the detailed financial figures, it directs investors to a press release (Exhibit 99.1) for the comprehensive results. Investors should refer to this press release for information regarding revenue, profitability, user growth, and any forward-looking guidance provided by the company for the upcoming periods. This 8-K serves as an official notification of the earnings release. Investors are advised to examine the attached press release for critical insights into the company's operational performance, key growth drivers, and management's outlook. The filing also includes the interactive data file for enhanced analysis of the financial information.
  4. 8-KAppLovin Corp 8-K Report, Executive Changes (Apr 7, 2026)AppLovin Corporation (APP) announced significant executive and board transitions designed to ensure continued leadership and strategic direction. The filing details the upcoming retirement of Chief Administrative & Legal Officer Victoria Valenzuela and the transition of Chief Technology Officer Basil Shikin to a non-executive role. These departures are being managed with internal promotions and a structured handover, including Ms. Valenzuela's potential nomination to the Board and a consulting role. Additionally, Craig Billings has been appointed as the independent Chairperson of the Board, succeeding Adam Foroughi, who remains CEO. These changes aim to provide stability and leverage existing talent as the company navigates future growth. Investors should note the planned succession for key technology and legal leadership roles. Giovanni Ge will assume the CTO position, bringing his product and engineering expertise, while Corina Cacovean steps into the Chief Legal Officer role. The strategic appointment of Craig Billings as independent Chairperson, a role he has been preparing for since the IPO, suggests a focus on governance and independent oversight. The departure of Alyssa Harvey Dawson from the Board is noted as amicable. Overall, the company appears to be proactively managing leadership changes to maintain operational continuity and strategic focus.
  5. 8-KAppLovin Corp 8-K Report, Financial Results (Feb 11, 2026)AppLovin Corporation (APP) filed an 8-K on February 11, 2026, primarily to announce its financial results for the fourth quarter and full year ended December 31, 2025. The core of this filing is the accompanying press release (Exhibit 99.1), which details the company's operational and financial performance during this period. Investors should refer to this press release for specific figures and commentary on revenue, profitability, and other key performance indicators. While the 8-K itself is largely procedural, it serves as the official notification of the release of AppLovin's latest financial update. The company's ability to meet or exceed its targets, its outlook for the upcoming periods, and any strategic developments discussed in the press release will be critical for evaluating the company's trajectory and future prospects. Investors are encouraged to review the attached press release thoroughly for comprehensive details.
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04—See also

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