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Discontinued — last reported Q4 '24

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Other financials

Income statement

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Revenue$1.8B+59.0%
Gross profit$1.6B+62.7%
Operating income$1.4B+71.4%
Net income$1.2B+109%
EPS (diluted)$3.56+113%

Balance sheet

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Cash & equivalents$2.8B+408%
Total debt$3.5B-5.3%
Total equity$2.4B+311%
Total assets$7.7B+35.1%

Cash flow

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Operating cash flow$1.3B+55.3%
CapEx$1.2M+389%

Valuation

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Market cap$149.81B+36.3%
Enterprise value$150.56B+33.2%
P/E37.8×-19.4×
P/S24.3×-5.4×

Profitability

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Gross margin88.4%+3.2pp
Operating margin77.1%+12.7pp
Net margin64.3%+12.5pp
FCF margin58.1%

Returns & leverage

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Return on equity269.7%-17.8pp
Debt / equity1.5×-5.0×
Current ratio3.2×+1.6×

Where this comes from

Calculated from Applovin Corporation’s reported figures.

The official record: Applovin Corporation’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Applovin Corporation's free cash flow?
Applovin Corporation (APP) reported free cash flow of $523.56M in Q4 2024.
How has Applovin Corporation's free cash flow changed year-over-year?
Applovin Corporation's free cash flow increased by 52.3% year-over-year, from $343.74M to $523.56M.
What is the long-term trend for Applovin Corporation's free cash flow?
Over 3 years (2021 to 2024), Applovin Corporation's free cash flow has grown at a 79.8% compound annual growth rate (CAGR), from $360.46M to $2.09B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.