← AppLovin Corp

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $994.1m $1.5b $2.8b $2.8b $3.3b $4.7b $5.5b
Cost of revenue $241.3m $555.6m $988.1m $1.3b $1.1b $1.2b $665.1m
Research and development $45.0m $180.7m $366.4m $507.6m $592.4m $638.7m $226.5m
Income from operations $194.4m ($62.0m) $150.0m ($47.8m) $648.2m $1.9b $4.2b
Sales and marketing $481.8m $627.8m $1.1b $919.5m $830.7m $849.2m $203.7m
General and administrative $31.7m $66.4m $158.7m $181.6m $152.6m $181.1m $233.5m
Other income, net $5.8m $4.2m ($535k) $14.5m $8.0m $20.8m $8.0m
Provision for income taxes $7.2m ($9.8m) $11.0m ($12.2m) $23.9m ($3.8m) $519.7m
Net income from continuing operations — — — — $457.8m $1.6b $3.4b
Loss from discontinued operations, net of income taxes — — — — ($101.1m) ($9.7m) ($99.4m)
Basic (in shares) $210.9m $214.9m $324.8m $371.6m $352.0m $336.9m $338.8m
Diluted (in shares) $212.4m $214.9m $342.8m $371.6m $362.6m $347.8m $342.0m
Income before income taxes $126.2m ($135.7m) $46.3m ($205.2m) $380.6m $1.6b $4.0b
Net income $119.0m ($125.2m) $35.4m ($192.7m) $356.7m $1.6b $3.3b
Basic net income per share (in dollars per share) $0 ($1) $0 ($1) $1 $5 $10
Diluted net income per share (in dollars per share) $0 ($1) $0 ($1) $1 $5 $10
Continuing operations (in dollars per share) — — — — $1.26 $4.56 $10.04
Discontinued operations (in dollars per share) — — — — ($0.28) ($0.03) ($0.29)
Interest expense and loss on settlement of debt ($74.0m) ($77.9m) ($103.2m) ($171.9m) ($275.7m) ($318.3m) ($207.0m)
Total costs and expenses $799.7m $1.5b $2.6b $2.9b $2.6b $2.8b $1.3b
Total other expense, net ($68.1m) ($73.7m) ($103.7m) ($157.4m) ($267.6m) ($297.5m) ($199.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.