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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	349.4%—	346.2%—	339.2%—	——	——
Operating margin	295.1%—	282.5%—	259.1%—	——	——
Net margin	241%—	228.5%—	211.5%—	——	——
EBITDA margin	315.5%—	311.6%—	297.1%—	——	——
Returns
Return on equity	956.3%+350pp	974.2%+610pp	902.1%+650pp	780.7%+635pp	606.5%+531pp
Return on assets	201.2%+101pp	177.1%+101pp	154.5%+99.9pp	128.5%+94.1pp	100.6%+81.2pp
Return on invested capital	393.2%+215pp	337.9%+198pp	286.7%+176pp	228.1%+147pp	178.6%+123pp
Efficiency
Asset turnover	3.3×—	3.1×—	2.9×—	——	——
Liquidity
Current ratio	12.6×+4.0×	11×+2.0×	9.9×+1.4×	9×+1.3×	8.5×+0.2×
Quick ratio	12.6×+4.0×	11×+2.0×	9.9×+1.4×	9×+1.3×	8.5×+0.2×
Cash ratio	6.4×+4.0×	4.9×+2.3×	3.7×+1.2×	2.9×+0.7×	2.4×-0.6×
Leverage
Debt-to-equity	8.6×-9.3×	13.6×-2.5×	15.2×-0.1×	16.6×+2.1×	17.9×+5.6×
Debt-to-assets	2.1×-0.5×	2.3×-0.3×	2.4×-0.2×	2.5×-0.1×	2.6×+0.1×
Net debt / EBITDA	1.6×-3.9×	2.6×-3.9×	3.6×-3.8×	4.5×-4.9×	5.6×-5.4×
Interest coverage	68.1×+44.0×	53×+33.2×	38.9×+22.2×	30.5×+18.0×	24×+15.0×
Per Share
Book value per share	$20.95+113%	$15.64+51.1%	$12.54+17.4%	$10.91-1.4%	$9.84-23.5%
Valuation
Market capitalization	$723.26B+168%	$679.11B+235%	$560.06B+422%	$360.65B+365%	$269.77B+356%
Enterprise value	$729.36B+159%	$687.62B+220%	$570.41B+378%	$372.09B+316%	$281.95B+301%
Price / earnings	236.7×+50.1×	249.8×+71.6×	250.2×+103×	202.2×-39.2×	186.7×-467×
Price / sales	141.5×—	144.1×—	132.7×—	——	——
Price / book	429.7×+93.3×	529.4×+319×	522.5×+402×	404.1×+317×	336.4×+277×
EV / EBITDA	181.1×+60.5×	186.8×+82.4×	182×+113×	139.7×+72.3×	120.6×+54.9×
EV / sales	142.8×—	146.1×—	135.3×—	——	——
Earnings yield	7.6%-1.6pp	6.8%-2.9pp	6.8%-4.1pp	8.3%-0.8pp	9.2%+3.0pp
PEG ratio	1.8×+1.3×	1.7×—	1.3×—	0.7×—	0.5×—

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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.