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NASDAQ · TechnologyAppLovin Corp (APP)
AppLovin Corp brought in $6.8B of revenue over the twelve months to June 30, 2026, up 76.3% from a year earlier. Net income was $4.4B, a net margin of 64.6%. At June 30, 2026 it held $3.1B in cash against $3.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 5, 2026.
Key facts about AppLovin Corp
- Net worth
- AppLovin Corp has a market value (market cap) of $94.4B at the latest share price, and shareholders' equity of $3.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $5.5B (+70.0% year on year), with net income of $3.3B. Over the 12 months to June 30, 2026: revenue $6.8B, net income $4.4B.
- Cash flow
- In fiscal 2025 operations brought in $4B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 5, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- AppLovin Corp's next report is expected around November 4, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What AppLovin Corp does
AppLovin develops software tools and platforms for mobile app developers to market and monetize their applications. Its core product is an artificial intelligence-driven advertising engine called AXON that helps mobile game and app creators acquire new users, run targeted in-app advertisements, and manage ad revenue auctions. Its shares trade on NASDAQ under the ticker APP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $5.5B | $3.3B | $9.75 | n/a |
| 2024 | $3.2B | $1.6B | $4.53 | $2.1B |
| 2023 | $1.8B | $356.7M | $0.98 | $1.1B |
| 2022 | $2.8B | -$192.7M | -$0.52 | $412.1M |
| 2021 | $2.8B | $35.4M | $0.09 | $360.5M |
| 2021 | $1.5B | -$125.2M | -$0.58 | $219.6M |
Full financial statements: income, balance sheet and cash flow
Where APP ranks in Technology
Latest SEC filings
What AppLovin Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 53% to $1.9B versus the same quarter last year; diluted EPS $3.76 versus $2.39.
- August 5, 2026
- June 5, 2026
- May 6, 2026
- May 6, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 59% to $1.8B versus the same quarter last year; diluted EPS $3.56 versus $1.67.
- May 6, 2026
- May 6, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
- April 21, 2026
- April 21, 2026Additional proxy material DEFA14A
Insider trades
What the people running AppLovin Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 12 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 20, 2026 | Valenzuela VictoriaDirector | Shares withheld for tax | 2,730 | $842.9K |
| August 20, 2026 | Foroughi Arash AdamCEO, Director, 10% owner | Shares withheld for tax | 2,730 | $842.9K |
| August 20, 2026 | Stumpf MatthewChief Financial Officer (CFO) | Shares withheld for tax | 2,021 | $624K |
| August 20, 2026 | Cacovean Corina IChief Legal Officer | Shares withheld for tax | 1,540 | $475.5K |
| August 20, 2026 | Ge XiaochuanCTO | Shares withheld for tax | 5,459 | $1.7M |
| August 13, 2026 | Chen Herald YDirector | Exercised options | 143,791 | - |
| August 13, 2026 | Chen Herald YDirector | Gave as a gift | 100,000 | - |
| August 13, 2026 | Chen Herald YDirector | Gave as a giftindirect | 100,000 | - |
Who owns APP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Arash Adam Foroughi13G, passive | 10.6% | February 7, 2025 |
| Vanguard Capital Management13G, passive | 6.29% | April 29, 2026 |
| Angel Pride Holdings Limited13G, passive with 1 related filers | 5.8% | January 30, 2025 |
| Fmr LLC13G, passive with 1 related filers | 5.1% | May 6, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,458 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 24,040,619 | +400,447 |
| Vanguard Capital Management LLC | 17,744,980 | +994,096 |
| Fmr LLC | 17,293,553 | +1,602,139 |
| State Street Corp | 12,101,830 | +334,501 |
| Invesco Ltd. | 10,975,993 | +386,558 |
| Capital World Investors | 8,150,954 | +4,971,394 |
| Geode Capital Management, LLC | 7,362,995 | +74,623 |
| Baillie Gifford & Co | 6,471,615 | -228,517 |
| Vanguard Portfolio Management LLC | 6,350,652 | +414,759 |
| Morgan Stanley | 5,791,247 | +186,406 |
| Jpmorgan Chase & Co | 4,349,233 | +241,289 |
| Wcm Investment Management, LLC | 3,709,328 | -1,292,272 |
| Goldman Sachs Group Inc | 3,192,790 | +490,931 |
| Kensico Capital Management Corp | 3,182,850 | -101,400 |
| Capital International Investors | 2,968,827 | +144,767 |
| Norges Bank | 2,921,649 | new |
| Bank of America Corp | 2,895,451 | -259,955 |
| Northern Trust Corp | 2,398,277 | -8,914 |
| Charles Schwab Investment Management Inc | 2,104,222 | +135,662 |
| Capital Research Global Investors | 1,905,302 | -733,567 |
Insiders
15 insiders reported holding 17,224,414 shares in total, about $4.86B at the last price.
| Holder | Shares |
|---|---|
| Vivas EduardoDirector | 6,785,087213,675 held indirectly |
| Foroughi Arash AdamCEO, Director, 10% owner | 5,287,1382,962,184 held indirectly |
| Shikin VasilyChief Technology Officer | 3,207,68417,945 held indirectly |
| Ge XiaochuanCTO | 968,735 |
| Chen Herald YDirector | 251,245100,000 held indirectly |
| Valenzuela VictoriaDirector | 241,231 |
| Stumpf MatthewChief Financial Officer (CFO) | 175,429 |
| Webb Maynard G JrDirector | 123,642120,444 held indirectly |
| Dorosh DmitriyPrincipal Accounting Officer | 111,213 |
| Georgiadis Mary Margaret HastingsDirector | 36,710 |
Questions about APP
What does AppLovin Corp do?
AppLovin develops software tools and platforms for mobile app developers to market and monetize their applications. Its core product is an artificial intelligence-driven advertising engine called AXON that helps mobile game and app creators acquire new users, run targeted in-app advertisements, and manage ad revenue auctions. Its shares trade on NASDAQ under the ticker APP.
What is AppLovin Corp's net worth?
AppLovin Corp has a market value (market cap) of $94.4B at the latest share price, and shareholders' equity of $3.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is AppLovin Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $4.4B on revenue of $6.8B, a net margin of 64.6%.
How much revenue does AppLovin Corp make?
Over the twelve months to June 30, 2026 AppLovin Corp reported revenue of $6.8B. That is 76.3% more than a year earlier.
When did AppLovin Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 5, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from August 21, 2026.
When is AppLovin Corp's next earnings report?
AppLovin Corp's next report is expected around November 4, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Follow APP: get an email when it filesWhere the numbers come from
Financial figures are the values AppLovin Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.