Income StatementBalance SheetCash FlowSegments
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Applovin Corporation Income Statement

Revenue, expenses, and profitability over time

Applovin Corporation generated $5.8B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $4.0B with a 67.87% net margin. Gross margin stands at 89.77% and operating margin at 84.4%. Diluted EPS is $11.64, which grew 1.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$5.8BGross Profit (TTM)$5.2BOperating Income (TTM)$4.9BNet Income (TTM)$4.0BEps Diluted (TTM)$11.64
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$165.41B
P/E Ratio41.74
ROE269.69%

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$1.77$1.70$2.42$2.47$3.25$3.57
Basic EPS from discontinued operations—$-0.43$0.14$0.00$0.00$0.00
Diluted earnings per share$1.72$1.67$2.39$2.45$3.24$3.56
Continuing operations (in dollars per share)—$2.13———$3.57
Continuing operations (in dollars per share)—$2.10———$3.56
Discontinued operations (in dollars per share)—$-0.43———$0.00
Weighted-average shares, basic—339.8M338.6M338.5M—337.4M
Weighted-average shares, diluted—344.9M342.2M341M—338.7M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$60.2M$54.5M$55.0M$58.8M$65.2M$44.0M
Research and development$169.5M$122.9M$44.0M$43.9M$15.7M$94.1M
Selling and marketing$214.7M$183.0M$46.9M$48.6M—$60.8M
Total operating expenses$764.8M$820.6M$301.1M$326.0M$0.0$402.5M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.1B$1.2B$1.1B$1.2B$1.3B$1.6B
Operating income$608.0M$663.5M$957.7M$1.1B$1.5B$1.4B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$515.1M$618.4M$884.0M$1.0B$1.4B$1.4B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense-$84.1M$42.0M$112.1M$185.4M$180.2M$225.8M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$94.2M$52.9M$51.4M$51.4M$51.3M$51.2M
Other income (expense), net-$92.9M-$45.1M-$73.7M-$58.1M-$22.2M-$8.5M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$599.2M$576.4M$819.5M$835.5M$1.1B$1.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent—$723.5M———$1.2B
Other income, net (Note 6)—$7.5M———$42.6M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$320.5M$271.2M$155.1M$174.9M$64.0M$203.6M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.4B$1.5B$1.3B$1.4B$1.3B$1.8B