What are Applovin Corporation's profit margins?

Applovin Corporation (APP) runs a 88.4% gross margin and a 77.1% operating margin, with a 64.3% net margin.

Where do Applovin Corporation's ratios come from?

Every ratio is computed from Applovin Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Applovin Corporation APP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	88.4%+3.2pp	87.9%+7.0pp	86.8%—	86.3%—	85.2%—
Operating margin	77.1%+12.7pp	75.8%+23.4pp	72.7%—	69.6%—	64.4%—
Net margin	64.3%+12.5pp	60.8%+17.0pp	58.7%—	57.1%—	51.8%—
Returns
Return on equity	269.7%-17.8pp	206.8%+72.1pp	234.7%+121pp	245.2%+174pp	287.5%+243pp
Return on invested capital	118.2%+55.3pp	97.2%+51.2pp	97.4%+58.6pp	80.5%+49.5pp	62.9%+38.5pp
Efficiency
Asset turnover	0.9×+0.2×	0.8×+0.2×	0.8×—	0.8×—	0.7×—
Liquidity
Current ratio	3.2×+1.6×	3.3×+1.1×	3.2×+0.8×	2.7×+0.5×	1.7×-0.4×
Leverage
Debt-to-equity	1.5×-5.0×	1.7×-1.7×	2.4×-1.4×	3×-1.3×	6.4×+1.8×
Net debt / EBITDA	0.2×-1.0×	0.3×-1.0×	0.5×-0.9×	0.7×-1.0×	1.1×-0.9×
Per Share
Book value per share	$6.98+318%	$6.24+99.2%	$4.32+60.4%	$3.41+45.7%	$1.67-23.5%
Valuation
Market capitalization	$134.24B+49.0%	$227.72B+110%	$243.05B+457%	$118.26B+332%	$90.08B+293%
Price / earnings	33.9×-13.0×	68.3×-0.5×	85.9×+48.0×	48.7×+15.6×	46.9×+8.5×
Price / sales	21.8×-2.5×	41.5×+11.4×	50.4×—	27.8×—	24.3×—
Price / book	56.8×-99.7×	106.7×+7.0×	164.9×+118×	101.3×+67.7×	156.5×+126×
EV / EBITDA	27.5×-5.7×	52.7×+4.8×	64.5×+42.3×	36.4×+19.1×	33.3×+16.2×

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Questions, answered.

What are Applovin Corporation's profit margins?: Applovin Corporation (APP) runs a 88.4% gross margin and a 77.1% operating margin, with a 64.3% net margin.
Where do Applovin Corporation's ratios come from?: Every ratio is computed from Applovin Corporation's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.