AppLovin Corporation (APP) Financial Statements
AppLovin financial statements at a glance
AppLovin reported revenue of $4.71 billion for fiscal year 2024 (ended December 31, 2024), up 43.4% from fiscal year 2023. Net income was $1.58 billion, a net margin of 33.5%, and diluted earnings per share were $4.53.
At the end of fiscal year 2024 it had total assets of $5.87 billion, total liabilities of $4.78 billion and shareholders' equity of $1.09 billion, with cash and short-term investments of $741.41 million and total debt of $3.56 billion.
Its operations brought in $2.10 billion of cash; capital spending was $4.78 million, leaving free cash flow of $2.09 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2024.
AppLovin Corporation
Income Statement
Annual • USD
AppLovin key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | – | $4.7B | $3.3B | $2.8B | $2.8B |
| Gross profit | – | $3.5B | $2.2B | $1.6B | $1.8B |
| Operating income | – | $1.9B | $648.2M | -$47.8M | $150.0M |
| Net income | – | $1.6B | $354.9M | -$192.7M | $31.7M |
| Diluted EPS | $9.75 | $4.53 | $0.98 | -$0.52 | $0.09 |
| Total assets | – | $5.9B | $5.4B | $5.8B | $6.2B |
| Total liabilities | – | $4.8B | $4.1B | $3.9B | $4.0B |
| Shareholders' equity | – | $1.1B | $1.3B | $1.9B | $2.1B |
| Cash and short-term investments | – | $741.4M | $502.2M | $1.1B | $1.5B |
| Total debt | – | $3.6B | $3.2B | $3.3B | $3.3B |
| Operating cash flow | – | $2.1B | $1.1B | $412.8M | $361.9M |
| Capital spending | – | $4.8M | $4.2M | $662,000 | $1.4M |
| Free cash flow | – | $2.1B | $1.1B | $412.1M | $360.5M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2019.
Questions and answers
What was AppLovin's revenue in fiscal year 2024?
$4.71 billion, up 43.4% from $3.28 billion in fiscal year 2023.
How much profit does AppLovin make?
AppLovin reported net income of $1.58 billion for fiscal year 2024 (33.5% of revenue); operating income was $1.87 billion.
How much cash and debt does AppLovin have?
At the end of fiscal year 2024: cash and short-term investments of $741.41 million and total debt of $3.56 billion.
What is AppLovin's free cash flow?
$2.09 billion in fiscal year 2024 (operating cash flow of $2.10 billion minus capital spending of $4.78 million).
