AppLovin Corporation (APP) Q2 FY2026 Financial Statements: Revenue $1.92B, Net income $1.27B
More for AppLovin: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ2 FY2026
Published
AppLovin reported $1.92 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 52.8% from a year earlier, and net income of $1.27 billion, up 54.5%. Costs rose far more slowly than sales at the advertising software company, lifting operating income to $1.49 billion and adjusted EBITDA to $1.61 billion, while diluted earnings per share reached $3.76 against $2.39 a year earlier. The year-ago quarter was the last to include the Apps business AppLovin sold at the end of June 2025, so its net income included a contribution from discontinued operations that the current quarter does not.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $1,923,686,000 | up 52.8% |
| Net income | $1,266,538,000 | up 54.5% |
| Diluted EPS | $3.76 | up 57.3% |
| Operating income | $1,494,277,000 | up 56.0% |
| Adjusted EBITDA | $1,613,823,000 | up 58.5% |
About this file
| Ticker | APP |
|---|---|
| CIK | 0001751008 |
| Company | AppLovin Corporation |
| Business type | technology - digital advertising software |
| Schema template | standard (revenue / cost of revenue / operating income / net income), extended with the company's own Adjusted EBITDA and Free Cash Flow reconciliations |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not thousands); share counts in actual shares; per-share figures in actual dollars |
APP annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001751008-26-000010 | 0001751008-26-000010 | 0001751008-26-000010 |
| Income statement | |||
| Revenue | 5,480,717,000 | 3,224,058,000 | 1,841,762,000 |
| Cost of revenue | 665,140,000 | 520,613,000 | 356,613,000 |
| Gross profit | 4,815,577,000 | 2,703,445,000 | 1,485,149,000 |
| Sales and marketing | 203,651,000 | 252,863,000 | 228,025,000 |
| Research and development | 226,510,000 | 374,710,000 | 333,781,000 |
| General and administrative | 233,502,000 | 164,916,000 | 150,932,000 |
| Total costs and expenses | 1,328,803,000 | 1,313,102,000 | 1,069,351,000 |
| Operating income | 4,151,914,000 | 1,910,956,000 | 772,411,000 |
| Interest expense | -207,016,000 | -317,209,000 | -273,508,000 |
| Other income net | 8,012,000 | 18,196,000 | 2,699,000 |
| Income before income taxes | 3,952,910,000 | 1,611,943,000 | 501,602,000 |
| Provision for income taxes | 519,715,000 | 22,419,000 | 43,776,000 |
| Net income from continuing operations | 3,433,195,000 | 1,589,524,000 | 457,826,000 |
| Discontinued operations net of tax | -99,444,000 | -9,748,000 | -101,115,000 |
| Net income | 3,333,751,000 | 1,579,776,000 | 356,711,000 |
| Basic EPS | 9.84 | 4.68 | 1.01 |
| Diluted EPS | 9.75 | 4.53 | 0.98 |
| Basic shares | 338,781,000 | 336,922,000 | 351,952,000 |
| Diluted shares | 341,970,000 | 347,808,000 | 362,589,000 |
| Adjusted EBITDA | 4,512,452,000 | 2,411,764,000 | 1,236,284,000 |
| Balance sheet | |||
| Cash and cash equivalents | 2,487,096,000 | 697,030,000 | |
| Accounts receivable net | 1,819,366,000 | 1,283,335,000 | |
| Total current assets | 4,430,792,000 | 2,312,190,000 | |
| Goodwill | 1,539,986,000 | 1,457,685,000 | |
| Intangible assets net | 396,714,000 | 472,851,000 | |
| Total assets | 7,259,610,000 | 5,869,259,000 | |
| Total current liabilities | 1,333,788,000 | 1,057,472,000 | |
| Total debt | 3,512,987,000 | 3,508,983,000 | |
| Total liabilities | 5,124,939,000 | 4,779,441,000 | |
| Total equity | 2,134,671,000 | 1,089,818,000 | |
| Cash flow | |||
| Operating cash flow | 3,971,094,000 | 2,099,011,000 | 1,061,510,000 |
| Purchases of property and equipment | -473,000 | -4,776,000 | -4,246,000 |
| Principal payments of finance leases | -18,669,000 | -20,875,000 | -20,170,000 |
| Capex | 19,142,000 | 25,651,000 | 24,416,000 |
| Free cash flow | 3,951,952,000 | 2,073,360,000 | 1,037,094,000 |
| Net cash from investing activities | 358,428,000 | -106,754,000 | -77,829,000 |
| Net cash used in financing activities | -2,593,069,000 | -1,749,844,000 | -1,562,791,000 |
| Repurchases of common stock | -2,191,944,000 | -981,297,000 | -1,153,593,000 |
APP quarterly income statement, balance sheet and cash flow
| Q2 FY2026 | Q2 FY2025 | |
|---|---|---|
| Label | Q2 FY2026 | Q2 FY2025 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001751008-26-000059 | 0001751008-26-000059 |
| Income statement | ||
| Revenue | 1,923,686,000 | 1,258,754,000 |
| Cost of revenue | 225,801,000 | 155,076,000 |
| Gross profit | 1,697,885,000 | 1,103,678,000 |
| Sales and marketing | 63,394,000 | 46,917,000 |
| Research and development | 99,901,000 | 44,032,000 |
| General and administrative | 40,313,000 | 55,047,000 |
| Total costs and expenses | 429,409,000 | 301,072,000 |
| Operating income | 1,494,277,000 | 957,682,000 |
| Interest expense | -51,156,000 | -51,409,000 |
| Other income net | 62,405,000 | -22,269,000 |
| Income before income taxes | 1,505,526,000 | 884,004,000 |
| Provision for income taxes | 238,988,000 | 112,148,000 |
| Net income from continuing operations | 1,266,538,000 | 771,856,000 |
| Discontinued operations net of tax | 0 | 47,675,000 |
| Net income | 1,266,538,000 | 819,531,000 |
| Basic EPS | 3.77 | 2.42 |
| Diluted EPS | 3.76 | 2.39 |
| Basic shares | 335,800,000 | 338,617,000 |
| Diluted shares | 337,031,000 | 342,194,000 |
| Adjusted EBITDA | 1,613,823,000 | 1,018,347,000 |
| Balance sheet | ||
| Cash and cash equivalents | 3,053,306,000 | |
| Accounts receivable net | 2,171,017,000 | |
| Total current assets | 5,392,316,000 | |
| Goodwill | 1,518,587,000 | |
| Intangible assets net | 355,661,000 | |
| Total assets | 8,269,131,000 | |
| Total current liabilities | 1,253,958,000 | |
| Total debt | 3,515,072,000 | |
| Total liabilities | 5,106,115,000 | |
| Total equity | 3,163,016,000 | |
| Cash flow | ||
| Operating cash flow | 869,040,000 | 772,226,000 |
| Purchases of property and equipment | -1,427,000 | -42,000 |
| Principal payments of finance leases | -4,296,000 | -4,121,000 |
| Capex | 5,723,000 | 4,163,000 |
| Free cash flow | 863,317,000 | 768,063,000 |
| Net cash from investing activities | -2,441,000 | 401,548,000 |
| Net cash used in financing activities | -570,419,000 | -537,377,000 |
| Source accession | 0001751008-26-000057 | 0001751008-26-000057 |
APP year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001751008-26-000059 |
| Income statement | |
| Revenue | 3,766,135,000 |
| Cost of revenue | 429,433,000 |
| Gross profit | 3,336,702,000 |
| Sales and marketing | 124,145,000 |
| Research and development | 194,005,000 |
| General and administrative | 84,342,000 |
| Total costs and expenses | 831,925,000 |
| Operating income | 2,934,210,000 |
| Interest expense | -102,315,000 |
| Other income net | 105,039,000 |
| Income before income taxes | 2,936,934,000 |
| Provision for income taxes | 464,783,000 |
| Net income from continuing operations | 2,472,151,000 |
| Discontinued operations net of tax | 0 |
| Net income | 2,472,151,000 |
| Basic EPS | 7.34 |
| Diluted EPS | 7.32 |
| Basic shares | 336,595,000 |
| Diluted shares | 337,875,000 |
| Adjusted EBITDA | 3,170,742,000 |
| Cash flow | |
| Operating cash flow | 2,160,433,000 |
| Purchases of property and equipment | -1,840,000 |
| Principal payments of finance leases | -8,528,000 |
| Capex | 10,368,000 |
| Free cash flow | 2,150,065,000 |
| Net cash from investing activities | -7,688,000 |
| Net cash used in financing activities | -1,582,651,000 |
| Repurchases of common stock | -1,532,952,000 |
| Prior year comparative | |
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001751008-26-000059 |
| Income statement | |
| Revenue | 2,417,728,000 |
| Cost of revenue | 306,756,000 |
| Gross profit | 2,110,972,000 |
| Sales and marketing | 106,300,000 |
| Research and development | 100,438,000 |
| General and administrative | 106,570,000 |
| Total costs and expenses | 620,064,000 |
| Operating income | 1,797,664,000 |
| Interest expense | -104,297,000 |
| Other income net | -14,757,000 |
| Income before income taxes | 1,678,610,000 |
| Provision for income taxes | 183,216,000 |
| Net income from continuing operations | 1,495,394,000 |
| Discontinued operations net of tax | -99,444,000 |
| Net income | 1,395,950,000 |
| Basic EPS | 4.11 |
| Diluted EPS | 4.06 |
| Basic shares | 339,224,000 |
| Diluted shares | 343,529,000 |
| Adjusted EBITDA | 1,956,119,000 |
| Cash flow | |
| Operating cash flow | 1,603,938,000 |
| Purchases of property and equipment | -180,000 |
| Principal payments of finance leases | -9,964,000 |
| Capex | 10,144,000 |
| Free cash flow | 1,593,794,000 |
| Net cash from investing activities | 378,884,000 |
| Net cash used in financing activities | -1,539,594,000 |
| Repurchases of common stock | -1,272,429,000 |
APP trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Label | Trailing twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 0001751008-26-000059 |
| Income statement | |
| Revenue | 6,829,124,000 |
| Cost of revenue | 787,817,000 |
| Gross profit | 6,041,307,000 |
| Sales and marketing | 221,496,000 |
| Research and development | 320,077,000 |
| General and administrative | 211,274,000 |
| Total costs and expenses | 1,540,664,000 |
| Operating income | 5,288,460,000 |
| Interest expense | -205,034,000 |
| Other income net | 127,808,000 |
| Income before income taxes | 5,211,234,000 |
| Provision for income taxes | 801,282,000 |
| Net income from continuing operations | 4,409,952,000 |
| Discontinued operations net of tax | 0 |
| Net income | 4,409,952,000 |
| Adjusted EBITDA | 5,727,075,000 |
| Cash flow | |
| Operating cash flow | 4,527,589,000 |
| Purchases of property and equipment | -2,133,000 |
| Principal payments of finance leases | -17,233,000 |
| Capex | 19,366,000 |
| Free cash flow | 4,508,223,000 |
| Net cash from investing activities | -28,144,000 |
| Net cash used in financing activities | -2,636,126,000 |
| Repurchases of common stock | -2,452,467,000 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | None. AppLovin reports in U.S. dollars. |
Notes
- Periods reported here are exactly the ones these two filings print on the face of their statements: the FY2025 10-K (accession 0001751008-26-000010) shows three years of statements of operations and cash flows (2025, 2024, 2023) but only two balance sheets (December 31, 2025 and December 31, 2024), and the Q2 2026 10-Q (accession 0001751008-26-000059) shows the three months and six months ended June 30, 2026 and 2025 plus a June 30, 2026 balance sheet.
- FY2023 therefore carries an income statement and a cash flow statement but no balance sheet: the 10-K does not present a December 31, 2023 balance sheet.
- Discontinued operations: on June 30, 2025 AppLovin completed the sale of the subsidiaries operating its Apps business, receiving $715.6 million in total consideration ($430.6 million in cash and 596.9 million Tripledot ordinary shares valued at $285.0 million, about 22% of Tripledot's outstanding ordinary shares, accounted for as an equity method investment). The Apps business is presented as discontinued operations for every period shown, so revenue, cost of revenue, operating expenses and operating income in this record are continuing-operations (advertising) figures for all years, including 2023 and 2024. Net income is after the discontinued-operations result, which is reported separately as 'discontinued_operations_net_of_tax'.
- Following that divestiture the company operates as a single operating and reportable segment providing end-to-end advertising solutions, so there is no segment breakdown to report.
- Gross profit is not presented on the face of the statements of operations; it is stated here as revenue less cost of revenue.
- 'capex' is the sum of purchases of property and equipment and principal payments of finance leases, which is how AppLovin itself defines the deduction in its Free Cash Flow reconciliation ('net cash provided by operating activities less purchases of property and equipment and principal payment of finance leases'). Free cash flow shown here matches the company's own reconciliation exactly for every period ($3,951,952 thousand in FY2025, $2,073,360 thousand in FY2024, $1,037,094 thousand in FY2023, $2,150,065 thousand for the six months ended June 30, 2026). Note the company's purchases of property and equipment are not a separate line within investing activities on the face of the cash flow statement; they are disclosed in that reconciliation and are very small ($0.5 million in FY2025).
- The quarterly entries carry an income statement and a cash flow summary. The Q2 2026 10-Q (accession 0001751008-26-000059) presents cash flows on a six-month basis only, so the three-month cash flow figures shown here are taken from AppLovin's second quarter 2026 earnings release (accession 0001751008-26-000057, Exhibit 99.1), which prints net cash provided by operating activities, purchases of property and equipment, principal payments of finance leases, Free Cash Flow, and net cash from investing and financing activities for the quarters ended June 30, 2026 and June 30, 2025. Repurchases of common stock are not broken out on a quarterly basis in that release, so they are omitted from the quarterly cash flow blocks.
- 'total_debt' is the long-term debt line on the balance sheet, which is the company's senior unsecured notes carried net of unamortized issuance costs. At June 30, 2026 the aggregate principal amount outstanding was $3.6 billion; no current portion is presented and there were no borrowings outstanding under the $1.0 billion revolving credit facility.
- The trailing-twelve-month block is derived as FY2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. Per-share amounts and weighted-average share counts are deliberately omitted from it, because weighted-average share counts are not additive across periods.
- Balance-sheet presentation changed between the two filings without changing any total: the 10-Q's December 31, 2025 comparative column folds operating lease right-of-use assets into other non-current assets ($25,457 + $456,550 = $482,007 thousand) and operating lease liabilities into accrued and other current liabilities and other non-current liabilities. Total assets, total liabilities and total stockholders' equity at December 31, 2025 are identical in both filings, so nothing was restated.
- Adjusted EBITDA is the company's own non-GAAP measure and is taken from its published reconciliation of net income to Adjusted EBITDA in each filing; it is shown alongside, not in place of, the GAAP figures.
- No stock splits, ADR conversion or currency translation applies: AppLovin reports in U.S. dollars, is a domestic filer, and has no split history over the period covered.
- The December 31, 2024 balance sheet in the FY2025 10-K (accession 0001751008-26-000010) reports the Apps business within assets and liabilities of discontinued operations: $191,355 thousand of current assets and $937,249 thousand of non-current assets, and $137,113 thousand of current liabilities and $1,414 thousand of non-current liabilities. FY2024 total assets of $5,869,259 thousand therefore are not comparable with FY2025 total assets of $7,259,610 thousand without removing those amounts; the December 31, 2025 balance sheet has no discontinued-operations assets or liabilities, the Apps business having been sold on June 30, 2025.
- The annual 'interest_expense' figures come from the FY2025 10-K line captioned 'Interest expense and loss on settlement of debt' (accession 0001751008-26-000010), which reports $207,016, $317,209 and $273,508 thousand for 2025, 2024 and 2023. That caption includes the loss on settlement of debt disclosed separately in the cash flow statement and debt note of $28,375 thousand in 2024 and $4,337 thousand in 2023 (none in 2025). The quarterly and six-month 'interest_expense' figures come from the Q2 2026 10-Q's plain 'Interest expense' line (accession 0001751008-26-000059).
Uncertainties
- Purchases of property and equipment and principal payments of finance leases for the six months ended June 30, 2026 and 2025 are taken from the Free Cash Flow reconciliation in the 10-Q's management discussion rather than from the face of the condensed cash flow statement, which aggregates them into 'Other investing activities' and 'Other financing activities'. The resulting free cash flow ties to the company's published figure, but the two components are not separately shown on the statement itself.
- Total debt excludes finance lease obligations, which the balance sheet does not present as a separate line in either filing.
- Discontinued operations for the three and six months ended June 30, 2026 are printed as a dash and are recorded here as zero.
Company details
| Value | |
|---|---|
| Name | AppLovin Corp |
| Ticker | APP |
| CIK | 0001751008 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 7370 |
| Office | Technology |
| Industry | Services-Computer Programming, Data Processing, Etc. |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001751008-26-000059 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-19 | 0001751008-26-000010 | https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/0001751008-26-000010-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-08-05 | 0001751008-26-000059 | https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/0001751008-26-000059-index.htm | facts |
FAQ · AppLovin financial statements
How much revenue did AppLovin report in Q2 FY2026?
AppLovin reported $1.92 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026. That is up 52.8% from $1.26 billion in the same quarter a year earlier.
What was AppLovin's net income in Q2 FY2026?
AppLovin earned $1.27 billion in net income in Q2 FY2026, up 54.5% from $819.53 million a year earlier. The year-ago figure included earnings from the Apps business AppLovin sold at the end of June 2025, which the current quarter does not.
What was AppLovin's earnings per share in Q2 FY2026?
AppLovin reported diluted earnings per share of $3.76 for Q2 FY2026, the quarter ended June 30, 2026, compared with $2.39 in the same quarter a year earlier.
How profitable is AppLovin?
AppLovin turned $1.92 billion of Q2 FY2026 revenue into $1.49 billion of operating income and $1.27 billion of net income. The company also reported adjusted EBITDA of $1.61 billion, up 58.5% from $1.02 billion a year earlier.
Where can I get AppLovin Corporation (APP) financial data in machine-readable form?
Ticker Scout publishes AppLovin Corporation's financial statements as JSON at https://tickerscout.ai/app/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/app/narrative.md and https://tickerscout.ai/app/events.md. AppLovin Corporation's SEC CIK is 0001751008. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does AppLovin Corporation (APP) next file with the SEC?
AppLovin Corporation (APP) is expected to file its next Form 10-Q with the SEC on or around November 4, 2026. That date is a projection rather than a company-announced date: it is derived from AppLovin Corporation's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001751008-26-000059.
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How this page was built
This page was built from three of AppLovin Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names three such gaps.
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