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%+0.5pp	87.9%+1.0pp	86.8%+0.5pp	86.3%+1.1pp	85.2%+4.4pp
Operating margin	77.1%+1.3pp	75.8%+3.1pp	72.7%+3.1pp	69.6%+5.2pp	64.4%+12.1pp
Net margin	64.3%+3.5pp	60.8%+2.1pp	58.7%+1.6pp	57.1%+5.3pp	51.8%+8.0pp
Returns
Return on equity	269.7%+62.9pp	206.8%-27.9pp	234.7%-10.5pp	245.2%-42.3pp	287.5%+153pp
Return on invested capital	118.2%+21.0pp	97.2%-0.2pp	97.4%+16.9pp	80.5%+17.6pp	62.9%+16.9pp
Efficiency
Asset turnover	0.9×+0.1×	0.8×0.0×	0.8×+0.1×	0.8×+0.1×	0.7×0.0×
Liquidity
Current ratio	3.2×-0.1×	3.3×+0.1×	3.2×+0.5×	2.7×+1.1×	1.7×-0.5×
Leverage
Debt-to-equity	1.5×-0.2×	1.7×-0.7×	2.4×-0.6×	3×-3.4×	6.4×+3.0×
Net debt / EBITDA	0.2×-0.1×	0.3×-0.2×	0.5×-0.2×	0.7×-0.4×	1.1×-0.2×
Per Share
Book value per share	$6.98+11.8%	$6.24+44.4%	$4.32+26.7%	$3.41+104%	$1.67-46.8%
Valuation
Market capitalization	$134.24B-41.1%	$227.72B-6.3%	$243.05B+106%	$118.26B+31.3%	$90.08B-17.1%
Price / earnings	33.9×-34.4×	68.3×-17.6×	85.9×+37.2×	48.7×+1.8×	46.9×-21.9×
Price / sales	21.8×-19.8×	41.5×-8.9×	50.4×+22.6×	27.8×+3.5×	24.3×-5.8×
Price / book	56.8×-49.9×	106.7×-58.2×	164.9×+63.6×	101.3×-55.2×	156.5×+56.8×
EV / EBITDA	27.5×-25.1×	52.7×-11.9×	64.5×+28.2×	36.4×+3.1×	33.3×-14.6×

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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.