FN2 Earnings Intelligence
AppLovin Corporation cash flow
AppLovin Corporation (APP) Cash Flow (annual) derived from persisted SEC financial facts.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $1,520.5 | $1,080.5 | $502.2 | $741.4 | $2,487.1 |
| + Debt | $3,227.6 | $3,211.7 | $3,120.9 | $3,509 | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $2,793.1 | $2,817.1 | $3,283.1 | $4,709.2 | $5,480.7 |
| % Growth | - | 0.9% | 16.5% | 43.4% | 16.4% |
| Gross Profit | $1,805 | $1,561 | $2,223.9 | $3,542.4 | $4,815.6 |
| % Margin | 64.6% | 55.4% | 67.7% | 75.2% | 87.9% |
| EBITDA | $581.1 | $499.3 | $1,137.2 | $2,322.1 | $4,346.7 |
| % Margin | 20.8% | 17.7% | 34.6% | 49.3% | 79.3% |
| Net Income | $35.4 | -$192.7 | $356.7 | $1,579.8 | $3,333.8 |
| % Margin | 1.3% | -6.8% | 10.9% | 33.5% | 60.8% |
| Diluted EPS | $0.09 | -$0.52 | $0.98 | $4.53 | $9.75 |
| % Growth | - | -677.8% | 288.5% | 362.2% | 115.2% |
| Operating Cash Flow | $361.9 | $412.8 | $1,061.5 | $2,099 | $3,971.1 |
| CapEx | $1.4 | $0.7 | $4.2 | $4.8 | - |
| Free Cash Flow | $360.5 | $412.1 | $1,057.3 | $2,094.2 | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue | $2,793.1 | $2,817.1 | $3,283.1 | $4,709.2 | $5,480.7 |
| Gross Profit | $1,805 | $1,561 | $2,223.9 | $3,542.4 | $4,815.6 |
| EBITDA | $581.1 | $499.3 | $1,137.2 | $2,322.1 | $4,346.7 |
| Net Income | $35.4 | -$192.7 | $356.7 | $1,579.8 | $3,333.8 |
| Diluted EPS | $0.09 | -$0.52 | $0.98 | $4.53 | $9.75 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1,520.5 | $1,080.5 | $502.2 | $741.4 | $2,487.1 |
| Short-term Debt | $25.8 | $33.3 | $215 | $0 | - |
| Long-term Debt | $3,201.8 | $3,178.4 | $2,905.9 | $3,509 | $3,513 |
| Total Debt | $3,227.6 | $3,211.7 | $3,120.9 | $3,509 | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $361.9 | $412.8 | $1,061.5 | $2,099 | $3,971.1 |
| Capital Expenditure | $1.4 | $0.7 | $4.2 | $4.8 | - |
| Free Cash Flow | $360.5 | $412.1 | $1,057.3 | $2,094.2 | - |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | - | 0.9% | 16.5% | 43.4% | 16.4% |
| Gross Margin | 64.6% | 55.4% | 67.7% | 75.2% | 87.9% |
| EBITDA Margin | 20.8% | 17.7% | 34.6% | 49.3% | 79.3% |
| Net Margin | 1.3% | -6.8% | 10.9% | 33.5% | 60.8% |
| FCF Margin | 12.9% | 14.6% | 32.2% | 44.5% | - |
| Diluted EPS Growth | - | -677.8% | 288.5% | 362.2% | 115.2% |