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Gross margin at other companies

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56.9%+4.9pp
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50.8%+1.2pp
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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%
Free cash flow$523.6M+52.3%

Valuation

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Market cap$133B-0.5%
Enterprise value$133.75B-1.6%
P/E33.6×-21.5×
P/S21.6×-9.9×

Profitability

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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.

Based on trailing twelve months.

The source filing: Applovin Corporation’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 6, 2026, 5:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001751008-26-000044

FAQ

What is Applovin Corporation's gross margin?
Applovin Corporation (APP) reported gross margin of 88.4% in Q1 2026.
How has Applovin Corporation's gross margin changed year-over-year?
Applovin Corporation's gross margin increased by 3.7% year-over-year, from 85.2% to 88.4%.
What is the long-term trend for Applovin Corporation's gross margin?
Over 4 years (2020 to 2025), Applovin Corporation's gross margin has grown at a 9.2% compound annual growth rate (CAGR), from 61.7% to 87.9%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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