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%—
EBITDA margin	79.5%+3.8pp	79.3%+14.5pp	78.7%—	77.9%—	75.7%—
Returns
Return on equity	269.7%-17.8pp	206.8%+72.1pp	234.7%+121pp	245.2%+174pp	287.5%+243pp
Return on assets	59.1%+24.1pp	50.8%+22.6pp	48%+26.0pp	43.3%+27.9pp	35%+24.3pp
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×
Quick ratio	3.2×+1.6×	3.3×+1.1×	3.2×+0.8×	2.7×+0.5×	1.7×-0.4×
Cash ratio	1.8×+1.5×	1.9×+1.2×	1.6×+0.8×	1.1×+0.5×	0.4×-0.2×
Leverage
Debt-to-equity	1.5×-5.0×	1.7×-1.7×	2.4×-1.4×	3×-1.3×	6.4×+1.8×
Debt-to-assets	0.5×-0.2×	0.5×-0.1×	0.6×-0.1×	0.6×-0.1×	0.7×0.0×
Net debt / EBITDA	0.2×-1.0×	0.3×-1.0×	0.5×-0.9×	0.7×-1.0×	1.1×-0.9×
Interest coverage	23.1×+15.1×	20.1×+14.1×	14×+8.4×	10.8×+6.4×	8.1×+4.2×
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%
Enterprise value	$134.99B+44.8%	$228.9B+105%	$244.89B+426%	$120.58B+296%	$93.25B+258%
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×
EV / sales	21.9×-3.3×	41.8×+10.8×	50.8×—	28.4×—	25.2×—
Earnings yield	3%+0.8pp	1.5%0.0pp	1.2%-1.5pp	2.1%-1.0pp	2.1%-0.5pp
PEG ratio	0.3×+0.1×	0.6×+0.4×	0.6×+0.6×	0.3×+0.2×	0.2×—

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Applovin Corporation.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.