# AppLovin Corp: overview

APP · Nasdaq · CIK 1751008 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/app.md) · [Financials](/companies/app/financials.md) · [Filings](/companies/app/filings.md) · [Insiders](/companies/app/insiders.md)

Latest reported revenue: [$1.92bn](/filings/0001751008-26-000059.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001751008-26-000059).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [835](/filings/0001751008-25-000081.md) | [999 d](/filings/0001751008-26-000010.md) | [1,159](/filings/0001751008-26-000044.md) | [1,259](/filings/0001751008-26-000059.md) | [1,405](/filings/0001751008-25-000081.md) | [1,658 d](/filings/0001751008-26-000010.md) | [1,842](/filings/0001751008-26-000044.md) | [1,924](/filings/0001751008-26-000059.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [64.0%](/filings/0001751008-25-000081.md) | [62.9% d](/filings/0001751008-26-000010.md) | [72.5%](/filings/0001751008-26-000044.md) | [76.1%](/filings/0001751008-26-000059.md) | [76.8%](/filings/0001751008-25-000081.md) | [76.9% d](/filings/0001751008-26-000010.md) | [78.2%](/filings/0001751008-26-000044.md) | [77.7%](/filings/0001751008-26-000059.md) |
| Net margin | % | [52.0%](/filings/0001751008-25-000081.md) | [60.0% d](/filings/0001751008-26-000010.md) | [49.7%](/filings/0001751008-26-000059.md) | [65.1%](/filings/0001751008-26-000059.md) | [59.5%](/filings/0001751008-25-000081.md) | [66.5% d](/filings/0001751008-26-000010.md) | [65.4%](/filings/0001751008-26-000059.md) | [65.8%](/filings/0001751008-26-000059.md) |
| Diluted EPS | $ per share | [1.25](/filings/0001751008-25-000081.md) | not reported | [1.67](/filings/0001751008-26-000044.md) | [2.39](/filings/0001751008-26-000059.md) | [2.45](/filings/0001751008-25-000081.md) | not reported | [3.56](/filings/0001751008-26-000044.md) | [3.76](/filings/0001751008-26-000059.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,793](/filings/0001751008-24-000012.md) | [2,817](/filings/0001751008-25-000018.md) | [1,842](/filings/0001751008-26-000010.md) | [3,224](/filings/0001751008-26-000010.md) | [5,481](/filings/0001751008-26-000010.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [5.4%](/filings/0001751008-24-000012.md) | [(1.7%)](/filings/0001751008-25-000018.md) | [41.9%](/filings/0001751008-26-000010.md) | [59.3%](/filings/0001751008-26-000010.md) | [75.8%](/filings/0001751008-26-000010.md) |
| Net margin | % | [1.3%](/filings/0001751008-24-000012.md) | [(6.8%)](/filings/0001751008-25-000018.md) | [19.4%](/filings/0001751008-26-000010.md) | [49.0%](/filings/0001751008-26-000010.md) | [60.8%](/filings/0001751008-26-000010.md) |
| Diluted EPS | $ per share | [0.09](/filings/0001751008-24-000012.md) | [(0.52)](/filings/0001751008-25-000018.md) | [0.98](/filings/0001751008-26-000010.md) | [4.53](/filings/0001751008-26-000010.md) | [9.75](/filings/0001751008-26-000010.md) |
| Free cash flow | $m | [360](/filings/0001751008-24-000012.md) | [412](/filings/0001751008-25-000018.md) | [1,057](/filings/0001751008-26-000010.md) | [2,094](/filings/0001751008-26-000010.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/app/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 200 | $329.06 | $65.8k | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 5,841 | $327.8824 | $1.9m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 34,757 | $326.9238 | $11.4m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 98,528 | $325.8405 | $32.1m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 178,893 | $324.9386 | $58.1m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 217,168 | $323.9004 | $70.3m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 104,577 | $322.9805 | $33.8m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 53,121 | $321.9088 | $17.1m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 75,952 | $321.0192 | $24.4m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 164,923 | $319.8089 | $52.7m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 212,136 | $318.7972 | $67.6m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 120,493 | $317.8428 | $38.3m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 113,953 | $316.8924 | $36.1m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 71,838 | $315.6889 | $22.7m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 23,291 | $315.0444 | $7.3m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 6,900 | $313.8212 | $2.2m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 5,122 | $312.8281 | $1.6m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 4,897 | $311.8395 | $1.5m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 5,410 | $310.1575 | $1.7m | [Form 4](/filings/0001140361-24-047768.md) |
| 2024-11-21 | [KKR Group Partnership L.P.](/insiders/1472698.md) | 10% owner | Sale (S) | 2,000 | $309.001 | $618.0k | [Form 4](/filings/0001140361-24-047768.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $12.39bn | 24,040,619 |  | Added +400,447 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $9.14bn | 17,744,980 |  | Added +994,096 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $8.91bn | 17,293,553 |  | Added +1,602,139 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $6.24bn | 12,101,830 |  | Added +334,501 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $5.66bn | 10,975,993 |  | Added +6,831,277 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $4.20bn | 8,150,954 |  | Added +4,971,394 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $3.78bn | 7,362,995 |  | Added +74,623 |
| [BAILLIE GIFFORD & CO](/funds/1088875.md) | 2026-06-30 | $3.33bn | 6,471,615 |  | Reduced −228,517 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $3.27bn | 6,350,652 |  | Added +414,759 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $2.98bn | 5,791,247 |  | Added +186,406 |

## Recent filings

[All 804 filings](/companies/app/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-05 | 21:01 ET | [10-Q](/filings/0001751008-26-000059.md) | Quarterly report, period 2026-06-30 | 0001751008-26-000059 |
| 2026-08-05 | 20:06 ET | [8-K](/filings/0001751008-26-000057.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001751008-26-000057 |
| 2026-06-05 | 20:30 ET | [8-K](/filings/0001751008-26-000050.md) | 5.07 Shareholder vote results | 0001751008-26-000050 |
| 2026-05-06 | 21:00 ET | [10-Q](/filings/0001751008-26-000044.md) | Quarterly report, period 2026-03-31 | 0001751008-26-000044 |
| 2026-05-06 | 20:07 ET | [8-K](/filings/0001751008-26-000042.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001751008-26-000042 |
| 2026-04-21 | 11:02 ET | [DEF 14A](/filings/0001751008-26-000028.md) | Proxy statement, period 2026-06-03 | 0001751008-26-000028 |
| 2026-04-07 | 20:35 ET | [8-K](/filings/0001751008-26-000014.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001751008-26-000014 |
| 2026-02-19 | 21:02 ET | [10-K](/filings/0001751008-26-000010.md) | Annual report, period 2025-12-31 | 0001751008-26-000010 |
| 2026-02-11 | 21:07 ET | [8-K](/filings/0001751008-26-000005.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001751008-26-000005 |
| 2025-11-05 | 22:01 ET | [10-Q](/filings/0001751008-25-000081.md) | Quarterly report, period 2025-09-30 | 0001751008-25-000081 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001751008-26-000010.md), filed Feb 19, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/5dda8995-257d-4c8d-9077-6d17af0b15db)

## About the filer

- CIK: 1751008
- Tickers: APP
- Exchange: Nasdaq
- SIC code: 7370 Services-Computer Programming, Data Processing, Etc.
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:47 ET. No prices; not investment advice.