AppLovin (APP) Financials

$236.07 -13.88 (-5.55%)

As of 04:00 PM Eastern

Annual Income Statements for AppLovin

This table shows AppLovin's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	76	-125	32	-193	355	1,577
Consolidated Net Income / (Loss)	119	-126	35	-193	357	1,580
Net Income / (Loss) Continuing Operations	119	-126	35	-193	357	1,580
Total Pre-Tax Income	126	-136	46	-205	381	1,576
Total Operating Income	194	-62	150	-48	648	1,873
Total Gross Profit	753	896	1,805	1,561	2,224	3,542
Total Revenue	994	1,451	2,793	2,817	3,283	4,709
Operating Revenue	994	1,451	2,793	2,817	3,283	4,709
Total Cost of Revenue	241	556	988	1,256	1,059	1,167
Operating Cost of Revenue	241	556	988	1,256	1,059	1,167
Total Operating Expenses	558	958	1,655	1,609	1,576	1,669
Selling, General & Admin Expense	32	66	159	182	153	181
Marketing Expense	482	628	1,130	920	831	849
Research & Development Expense	45	181	366	508	592	639
Total Other Income / (Expense), net	-68	-74	-104	-157	-268	-297
Interest Expense	74	78	103	172	276	318
Other Income / (Expense), net	5.82	4.21	-0.54	14	8.03	21
Income Tax Expense	7.19	-9.77	11	-12	24	-3.77
Net Income / (Loss) Attributable to Noncontrolling Interest	43	-0.75	3.64	-0.20	1.77	2.72
Basic Earnings per Share	$0.36	($0.58)	$0.10	($0.52)	$1.01	$4.68
Weighted Average Basic Shares Outstanding	210.94M	214.94M	324.84M	371.57M	351.95M	336.92M
Diluted Earnings per Share	$0.36	($0.58)	$0.09	($0.52)	$0.98	$4.53
Weighted Average Diluted Shares Outstanding	212.37M	214.94M	342.76M	371.57M	362.59M	347.81M
Weighted Average Basic & Diluted Shares Outstanding	-	-	375.83M	376.40M	342.00M	339.96M

This table shows AppLovin's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	24	-79	-4.52	80	108	172	235	310	434	598
Consolidated Net Income / (Loss)	24	-80	-4.52	80	109	172	236	310	434	599
Net Income / (Loss) Continuing Operations	24	-80	-4.52	80	109	172	236	310	434	599
Total Pre-Tax Income	1.61	-66	-3.35	96	109	179	268	325	468	515
Total Operating Income	49	-22	61	131	186	270	340	391	535	608
Total Gross Profit	412	333	453	492	599	680	764	798	929	1,052
Total Revenue	713	702	715	750	864	953	1,058	1,080	1,198	1,373
Operating Revenue	713	702	715	750	864	953	1,058	1,080	1,198	1,373
Total Cost of Revenue	301	369	262	259	265	274	294	283	270	320
Operating Cost of Revenue	301	369	262	259	265	274	294	283	270	320
Total Operating Expenses	363	355	392	360	413	410	424	407	394	444
Selling, General & Admin Expense	44	37	45	30	41	36	42	41	38	60
Marketing Expense	197	201	203	192	212	223	227	202	206	215
Research & Development Expense	122	118	145	137	159	151	155	164	150	169
Total Other Income / (Expense), net	-48	-44	-64	-36	-77	-91	-72	-66	-67	-93
Interest Expense	49	55	75	51	79	72	74	75	75	94
Other Income / (Expense), net	0.97	11	10	15	1.49	-19	2.57	8.95	7.95	1.34
Income Tax Expense	-22	13	1.17	15	0.59	6.66	32	15	33	-84
Net Income / (Loss) Attributable to Noncontrolling Interest	0.01	-0.12	0.00	0.32	0.80	0.65	1.45	0.08	0.11	1.08
Basic Earnings per Share	$0.06	($0.21)	($0.01)	$0.22	$0.32	$0.48	$0.70	$0.92	$1.29	$1.77
Weighted Average Basic Shares Outstanding	369.39M	371.57M	373.16M	356.96M	341.44M	351.95M	335.79M	335.68M	336.93M	336.92M
Diluted Earnings per Share	$0.06	($0.21)	($0.01)	$0.22	$0.30	$0.47	$0.67	$0.89	$1.25	$1.72
Weighted Average Diluted Shares Outstanding	378.46M	371.57M	373.16M	366.34M	356.91M	362.59M	348.60M	347.96M	348.23M	347.81M
Weighted Average Basic & Diluted Shares Outstanding	371.69M	376.40M	364.48M	347.80M	335.80M	342.00M	329.01M	334.25M	335.59M	339.96M

This table details how cash moves in and out of AppLovin's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	120	-79	2,253	-1,490	-578	239
Net Cash From Operating Activities	198	223	362	413	1,062	2,099
Net Cash From Continuing Operating Activities	198	223	362	413	1,062	2,099
Net Income / (Loss) Continuing Operations	119	-126	35	-193	357	1,580
Consolidated Net Income / (Loss)	119	-126	35	-193	357	1,580
Depreciation Expense	93	255	431	547	489	449
Amortization Expense	4.98	8.15	13	13	9.36	5.46
Non-Cash Adjustments To Reconcile Net Income	13	154	159	337	413	412
Changes in Operating Assets and Liabilities, net	-31	-69	-277	-291	-207	-347
Net Cash From Investing Activities	-412	-680	-1,215	-1,371	-78	-107
Net Cash From Continuing Investing Activities	-412	-680	-1,215	-1,371	-78	-107
Purchase of Property, Plant & Equipment	-3.36	-3.24	-1.39	-0.66	-4.25	-4.78
Acquisitions	-404	-675	-1,211	-1,346	-64	-26
Sale of Property, Plant & Equipment	-	0.00	12	41	8.25	0.56
Other Investing Activities, net	0.00	0.00	-15	-66	-18	-77
Net Cash From Financing Activities	333	378	3,110	-527	-1,563	-1,750
Net Cash From Continuing Financing Activities	333	378	3,110	-527	-1,563	-1,750
Repayment of Debt	-11	-64	-746	-26	-503	-4,261
Repurchase of Common Equity	-0.01	-4.51	0.00	-339	-1,154	-981
Issuance of Debt	389	481	2,344	0.00	395	4,615
Issuance of Common Equity	0.00	9.32	1,748	31	26	42
Other Financing Activities, net	-44	-44	-236	-193	-328	-1,164
Effect of Exchange Rate Changes	0.06	0.14	-3.20	-4.48	0.78	-3.15
Cash Interest Paid	62	59	77	166	249	271
Cash Income Taxes Paid	30	13	91	86	75	67

This table details how cash moves in and out of AppLovin's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-8.05	137	165	-370	-544	170	-66	24	107	174
Net Cash From Operating Activities	174	163	289	230	199	344	393	455	551	701
Net Cash From Continuing Operating Activities	174	163	289	230	199	344	393	455	551	701
Net Income / (Loss) Continuing Operations	24	-80	-4.52	80	109	172	236	310	434	599
Consolidated Net Income / (Loss)	24	-80	-4.52	80	109	172	236	310	434	599
Depreciation Expense	164	102	128	120	122	119	113	109	100	128
Non-Cash Adjustments To Reconcile Net Income	45	179	83	81	111	138	95	99	82	137
Changes in Operating Assets and Liabilities, net	-61	-41	82	-52	-142	-95	-51	-63	-65	-168
Net Cash From Investing Activities	-42	22	-13	-42	-16	-6.80	-32	-68	-6.40	-0.37
Net Cash From Continuing Investing Activities	-42	22	-13	-42	-16	-6.80	-32	-68	-6.40	-0.37
Acquisitions	-41	-10	-	-	-13	-12	-	-	-3.20	-7.26
Other Investing Activities, net	-	-9.80	3.86	-3.86	-2.27	-16	-3.30	-5.27	-2.55	-66
Net Cash From Financing Activities	-136	-55	-111	-557	-724	-171	-425	-361	-441	-523
Net Cash From Continuing Financing Activities	-136	-55	-111	-557	-724	-171	-425	-361	-441	-523
Repayment of Debt	-8.33	-8.33	-15	-18	-490	20	-674	-14	-14	-3,558
Repurchase of Common Equity	-95	-	-65	-507	-581	-	-752	-	-228	-0.63
Issuance of Debt	-	-	0.00	-	395	-	1,072	-	-	3,543
Issuance of Common Equity	-	27	-	-	11	5.91	-	-	9.70	13
Other Financing Activities, net	-33	-74	-32	-40	-59	-197	-70	-366	-208	-520
Effect of Exchange Rate Changes	-4.13	6.90	1.14	-0.55	-2.82	3.00	-2.35	-1.06	3.92	-3.66
Cash Interest Paid	46	58	67	52	66	64	71	74	75	50
Cash Income Taxes Paid	39	27	1.82	4.99	5.94	63	3.58	29	29	5.51

This table presents AppLovin's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Total Assets	2,155	6,164	5,848	5,359	5,869
Total Current Assets	663	3,235	1,939	1,616	2,312
Cash & Equivalents	317	1,521	1,080	502	741
Accounts Receivable	297	515	703	954	1,414
Prepaid Expenses	49	150	156	160	157
Plant, Property, & Equipment, net	29	64	79	173	161
Total Noncurrent Assets	1,463	2,865	3,830	3,570	3,397
Goodwill	250	966	1,824	1,843	1,803
Intangible Assets	1,086	1,709	1,678	1,293	897
Other Noncurrent Operating Assets	127	189	329	434	696
Total Liabilities & Shareholders' Equity	2,155	6,164	5,848	5,359	5,869
Total Liabilities	2,313	4,025	3,945	4,103	4,779
Total Current Liabilities	598	640	579	944	1,057
Short-Term Debt	15	26	33	215	0.00
Accounts Payable	147	258	273	372	563
Accrued Expenses	95	134	148	265	409
Current Deferred Revenue	87	79	64	79	70
Other Current Liabilities	254	143	61	14	15
Total Noncurrent Liabilities	1,715	3,377	3,339	3,159	3,722
Long-Term Debt	1,584	3,202	3,178	2,906	3,509
Other Noncurrent Operating Liabilities	131	175	161	253	213
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-159	2,138	1,903	1,256	1,090
Total Preferred & Common Equity	-159	2,138	1,903	1,256	1,090
Preferred Stock	400	0.00	0.00	0.00	0.00
Total Common Equity	-558	2,138	1,903	1,256	1,090
Common Stock	454	3,160	3,156	2,135	594
Retained Earnings	-1,012	-977	-1,170	-813	599
Accumulated Other Comprehensive Income / (Loss)	0.60	-45	-83	-65	-103

This table presents AppLovin's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	5,805	5,848	5,916	5,482	5,005	5,359	5,263	5,269	5,442	5,869
Total Current Assets	1,824	1,939	2,048	1,696	1,301	1,616	1,608	1,660	1,875	2,312
Cash & Equivalents	944	1,080	1,246	876	332	502	436	460	568	741
Accounts Receivable	665	703	638	670	849	954	1,035	1,074	1,187	1,414
Prepaid Expenses	215	156	165	150	119	160	136	125	120	157
Plant, Property, & Equipment, net	71	79	119	115	102	173	173	169	177	161
Total Noncurrent Assets	3,910	3,830	3,749	3,670	3,602	3,570	3,482	3,440	3,390	3,397
Goodwill	1,763	1,824	1,834	1,831	1,814	1,843	1,827	1,822	1,852	1,803
Intangible Assets	1,889	1,678	1,575	1,494	1,387	1,293	1,198	1,102	1,024	897
Other Noncurrent Operating Assets	257	329	341	346	402	434	456	516	514	696
Total Liabilities & Shareholders' Equity	5,805	5,848	5,916	5,482	5,005	5,359	5,263	5,269	5,442	5,869
Total Liabilities	3,923	3,945	4,017	3,965	3,909	4,103	4,502	4,455	4,504	4,779
Total Current Liabilities	544	579	620	592	805	944	763	730	780	1,057
Short-Term Debt	33	33	33	33	215	215	36	36	36	0.00
Accounts Payable	262	273	283	261	281	372	390	388	428	563
Accrued Expenses	137	148	166	159	182	265	256	232	240	409
Current Deferred Revenue	91	64	67	74	78	79	80	74	76	70
Other Current Liabilities	20	61	71	64	50	14	-	-	-	15
Total Noncurrent Liabilities	3,380	3,339	3,386	3,361	3,092	3,159	3,740	3,725	3,725	3,722
Long-Term Debt	3,184	3,178	3,173	3,167	2,912	2,906	3,490	3,482	3,474	3,509
Other Noncurrent Operating Liabilities	196	161	213	194	180	253	250	243	250	213
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,882	1,903	1,899	1,517	1,096	1,256	760	815	938	1,090
Total Preferred & Common Equity	1,882	1,903	1,899	1,517	1,096	1,256	760	815	938	1,090
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,882	1,903	1,899	1,517	1,096	1,256	760	815	938	1,090
Common Stock	3,112	3,156	3,146	2,688	2,175	2,135	1,421	1,172	993	594
Retained Earnings	-1,090	-1,170	-1,174	-1,094	-985	-813	-577	-267	0.00	599
Accumulated Other Comprehensive Income / (Loss)	-140	-83	-73	-77	-94	-65	-84	-91	-54	-103

This table displays calculated financial ratios and metrics derived from AppLovin's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	45.97%	92.48%	0.86%	16.54%	43.44%
EBITDA Growth	0.00%	-31.11%	189.07%	-11.28%	119.32%	103.39%
EBIT Growth	0.00%	-128.89%	358.47%	-122.29%	2,069.85%	188.66%
NOPAT Growth	0.00%	-123.69%	363.58%	-129.22%	1,916.15%	209.09%
Net Income Growth	0.00%	-205.79%	128.06%	-646.00%	284.88%	342.87%
EPS Growth	0.00%	-261.11%	115.52%	-677.78%	288.46%	362.24%
Operating Cash Flow Growth	0.00%	12.31%	62.35%	14.07%	157.17%	97.74%
Free Cash Flow Firm Growth	0.00%	0.00%	-34.11%	17.53%	161.46%	138.93%
Invested Capital Growth	0.00%	0.00%	149.48%	44.85%	-4.58%	-0.46%
Revenue Q/Q Growth	0.00%	0.00%	11.30%	-3.13%	8.28%	9.78%
EBITDA Q/Q Growth	0.00%	0.00%	16.60%	-13.95%	33.36%	18.88%
EBIT Q/Q Growth	0.00%	0.00%	77.11%	-189.74%	66.43%	23.37%
NOPAT Q/Q Growth	0.00%	0.00%	88.98%	-244.12%	120.15%	31.57%
Net Income Q/Q Growth	0.00%	0.00%	334.93%	-135.22%	239.83%	37.04%
EPS Q/Q Growth	0.00%	0.00%	212.50%	-147.62%	226.67%	38.11%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-4.02%	23.37%	20.53%	20.49%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	6.71%	49.83%	30.82%
Invested Capital Q/Q Growth	0.00%	0.00%	1.98%	-2.29%	-0.70%	-0.60%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	75.73%	61.71%	64.62%	55.41%	67.74%	75.22%
EBITDA Margin	29.97%	14.15%	21.24%	18.69%	35.17%	49.87%
Operating Margin	19.55%	-4.28%	5.37%	-1.70%	19.74%	39.78%
EBIT Margin	20.14%	-3.99%	5.35%	-1.18%	19.99%	40.22%
Profit (Net Income) Margin	11.97%	-8.68%	1.27%	-6.85%	10.87%	33.55%
Tax Burden Percent	94.30%	92.80%	76.31%	94.04%	93.73%	100.24%
Interest Burden Percent	63.06%	234.65%	30.98%	615.89%	57.99%	83.20%
Effective Tax Rate	5.70%	0.00%	23.69%	0.00%	6.27%	-0.24%
Return on Invested Capital (ROIC)	0.00%	-7.73%	5.83%	-0.97%	15.31%	48.57%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-20.60%	-2.30%	-12.27%	4.81%	37.50%
Return on Net Nonoperating Assets (RNNOA)	0.00%	166.90%	-2.26%	-8.57%	7.27%	86.10%
Return on Equity (ROE)	0.00%	159.17%	3.57%	-9.55%	22.58%	134.67%
Cash Return on Invested Capital (CROIC)	0.00%	-207.73%	-79.71%	-37.61%	19.99%	49.03%
Operating Return on Assets (OROA)	0.00%	-2.68%	3.59%	-0.55%	11.71%	33.74%
Return on Assets (ROA)	0.00%	-5.84%	0.85%	-3.21%	6.37%	28.14%
Return on Common Equity (ROCE)	0.00%	561.44%	2.85%	-9.55%	22.58%	134.67%
Return on Equity Simple (ROE_SIMPLE)	0.00%	79.43%	1.65%	-10.14%	28.39%	144.96%
Net Operating Profit after Tax (NOPAT)	183	-43	114	-33	608	1,878
NOPAT Margin	18.44%	-2.99%	4.10%	-1.19%	18.51%	39.88%
Net Nonoperating Expense Percent (NNEP)	0.00%	12.87%	8.13%	11.30%	10.50%	11.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-0.65%	13.88%	40.84%
Cost of Revenue to Revenue	24.27%	38.29%	35.38%	44.59%	32.26%	24.78%
SG&A Expenses to Revenue	3.19%	4.58%	5.68%	6.45%	4.65%	3.85%
R&D to Revenue	4.52%	12.45%	13.12%	18.02%	18.04%	13.56%
Operating Expenses to Revenue	56.18%	65.99%	59.25%	57.11%	47.99%	35.44%
Earnings before Interest and Taxes (EBIT)	200	-58	149	-33	656	1,894
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	298	205	593	526	1,155	2,348
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	16.50	2.06	10.65	99.72
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.01	1.38	12.63	1.39	4.08	23.08
Price to Earnings (P/E)	26.19	0.00	1,112.64	0.00	37.70	68.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.82%	0.00%	0.09%	0.00%	2.65%	1.45%
Enterprise Value to Invested Capital (EV/IC)	0.00	3.28	12.82	1.49	4.13	28.89
Enterprise Value to Revenue (EV/Rev)	0.00	2.54	12.86	2.15	4.87	23.66
Enterprise Value to EBITDA (EV/EBITDA)	0.00	17.94	60.55	11.48	13.86	47.45
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	240.37	0.00	24.38	58.83
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	313.89	0.00	26.34	59.34
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	16.52	99.30	14.65	15.07	53.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	20.17	58.79
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	-10.11	1.51	1.69	2.48	3.22
Long-Term Debt to Equity	0.00	-10.01	1.50	1.67	2.31	3.22
Financial Leverage	0.00	-8.10	0.98	0.70	1.51	2.30
Leverage Ratio	0.00	-13.62	4.20	2.97	3.55	4.79
Compound Leverage Factor	0.00	-31.95	1.30	18.31	2.06	3.98
Debt to Total Capital	0.00%	110.98%	60.15%	62.80%	71.30%	76.30%
Short-Term Debt to Total Capital	0.00%	1.06%	0.48%	0.65%	4.91%	0.00%
Long-Term Debt to Total Capital	0.00%	109.93%	59.67%	62.15%	66.39%	76.30%
Preferred Equity to Total Capital	0.00%	27.73%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-38.73%	39.85%	37.20%	28.70%	23.70%
Debt to EBITDA	0.00	7.79	5.44	6.10	2.70	1.49
Net Debt to EBITDA	0.00	6.25	1.11	4.05	2.27	1.18
Long-Term Debt to EBITDA	0.00	7.72	5.40	6.04	2.52	1.49
Debt to NOPAT	0.00	-36.82	28.20	-96.01	5.14	1.87
Net Debt to NOPAT	0.00	-29.52	5.74	-63.71	4.31	1.47
Long-Term Debt to NOPAT	0.00	-36.47	27.97	-95.01	4.78	1.87
Altman Z-Score	0.00	0.48	6.07	1.06	2.91	15.91
Noncontrolling Interest Sharing Ratio	0.00%	-252.72%	20.21%	0.01%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	1.11	5.05	3.35	1.71	2.19
Quick Ratio	0.00	1.03	3.18	3.08	1.54	2.04
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,167	-1,565	-1,291	793	1,896
Operating Cash Flow to CapEx	5,910.13%	6,876.98%	0.00%	0.00%	0.00%	49,763.18%
Free Cash Flow to Firm to Interest Expense	0.00	-14.99	-15.17	-7.51	2.88	5.96
Operating Cash Flow to Interest Expense	2.68	2.86	3.51	2.40	3.85	6.60
Operating Cash Flow Less CapEx to Interest Expense	2.64	2.82	3.61	2.64	3.87	6.58
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	0.67	0.67	0.47	0.59	0.84
Accounts Receivable Turnover	0.00	4.89	6.88	4.63	3.96	3.98
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	50.76	60.59	39.63	26.07	28.21
Accounts Payable Turnover	0.00	3.77	4.87	4.73	3.28	2.50
Days Sales Outstanding (DSO)	0.00	74.70	53.02	78.86	92.09	91.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	96.76	74.89	77.21	111.12	146.26
Cash Conversion Cycle (CCC)	0.00	-22.06	-21.87	1.65	-19.03	-54.49
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	1,124	2,803	4,061	3,875	3,857
Invested Capital Turnover	0.00	2.58	1.42	0.82	0.83	1.22
Increase / (Decrease) in Invested Capital	0.00	1,124	1,680	1,257	-186	-18
Enterprise Value (EV)	0.00	3,682	35,931	6,045	16,000	111,442
Market Capitalization	2,000	2,000	35,274	3,914	13,382	108,675
Book Value per Share	$0.00	($2.60)	$5.71	$5.12	$3.74	$3.25
Tangible Book Value per Share	$0.00	($8.81)	($1.44)	($4.30)	($5.60)	($4.80)
Total Capital	0.00	1,441	5,366	5,114	4,377	4,599
Total Debt	0.00	1,599	3,228	3,212	3,121	3,509
Total Long-Term Debt	0.00	1,584	3,202	3,178	2,906	3,509
Net Debt	0.00	1,282	657	2,131	2,619	2,768
Capital Expenditures (CapEx)	3.36	3.24	-11	-41	-4.00	4.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-237	50	313	385	513
Debt-free Net Working Capital (DFNWC)	0.00	80	2,621	1,393	887	1,255
Net Working Capital (NWC)	0.00	65	2,595	1,360	672	1,255
Net Nonoperating Expense (NNE)	64	83	79	159	251	298
Net Nonoperating Obligations (NNO)	0.00	1,282	665	2,158	2,619	2,768
Total Depreciation and Amortization (D&A)	98	263	444	560	498	454
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-16.34%	1.80%	11.11%	11.72%	10.90%
Debt-free Net Working Capital to Revenue	0.00%	5.52%	93.83%	49.46%	27.02%	26.64%
Net Working Capital to Revenue	0.00%	4.48%	92.91%	48.28%	20.47%	26.64%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.10	($0.52)	$1.01	$4.68
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	324.84M	371.57M	351.95M	336.92M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.09	($0.52)	$0.98	$4.53
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	342.76M	371.57M	362.59M	347.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	375.83M	376.40M	342.00M	339.96M
Normalized Net Operating Profit after Tax (NOPAT)	183	-43	114	-33	608	1,311
Normalized NOPAT Margin	18.44%	-2.99%	4.10%	-1.19%	18.51%	27.85%
Pre Tax Income Margin	12.70%	-9.35%	1.66%	-7.28%	11.59%	33.47%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	2.71	-0.74	1.45	-0.19	2.38	5.95
NOPAT to Interest Expense	2.48	-0.56	1.11	-0.19	2.20	5.90
EBIT Less CapEx to Interest Expense	2.66	-0.78	1.55	0.04	2.40	5.94
NOPAT Less CapEx to Interest Expense	2.43	-0.60	1.21	0.04	2.22	5.89
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.01%	-3.58%	0.00%	-175.63%	323.40%	62.12%

This table displays calculated financial ratios and metrics derived from AppLovin's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.91%	-11.49%	14.39%	-3.36%	21.20%	35.73%	47.90%	43.98%	38.64%	44.01%
EBITDA Growth	37.41%	-47.83%	3,083.74%	26.91%	42.72%	296.90%	128.12%	90.67%	107.53%	99.45%
EBIT Growth	40.20%	-119.41%	156.49%	172.47%	273.85%	2,287.60%	380.80%	172.45%	189.06%	143.26%
NOPAT Growth	193,296.40%	-124.44%	147.70%	264.49%	-74.42%	1,752.90%	600.42%	238.25%	168.13%	172.56%
Net Income Growth	16,563.38%	-353.17%	96.08%	468.63%	359.13%	316.61%	5,327.60%	285.74%	299.87%	247.90%
EPS Growth	0.00%	-310.00%	96.77%	466.67%	400.00%	323.81%	6,800.00%	304.55%	316.67%	265.96%
Operating Cash Flow Growth	40.08%	91.96%	1,010.06%	115.14%	14.09%	110.78%	36.07%	97.80%	176.64%	103.79%
Free Cash Flow Firm Growth	75.17%	21.19%	99.88%	125.97%	164.30%	134.98%	10,084.36%	-19.02%	18.19%	62.80%
Invested Capital Growth	51.18%	44.85%	1.20%	-7.81%	-6.10%	-4.58%	-0.55%	0.50%	-0.56%	-0.46%
Revenue Q/Q Growth	-8.13%	-1.51%	1.87%	4.86%	15.21%	10.30%	11.00%	2.08%	10.94%	14.57%
EBITDA Q/Q Growth	3.23%	-57.07%	114.10%	33.76%	16.10%	19.38%	23.15%	11.80%	26.36%	14.73%
EBIT Q/Q Growth	-6.75%	-122.79%	721.47%	106.29%	27.94%	33.37%	36.59%	16.90%	35.74%	12.24%
NOPAT Q/Q Growth	1,181.91%	-102.17%	372.22%	157.78%	68.23%	40.02%	15.35%	24.49%	33.36%	42.32%
Net Income Q/Q Growth	208.55%	-436.03%	94.32%	1,878.60%	35.20%	58.54%	37.13%	31.24%	40.15%	37.93%
EPS Q/Q Growth	200.00%	-450.00%	95.24%	2,300.00%	36.36%	56.67%	42.55%	32.84%	40.45%	37.60%
Operating Cash Flow Q/Q Growth	63.36%	-6.47%	76.88%	-20.39%	-13.37%	72.80%	14.18%	15.72%	21.16%	27.29%
Free Cash Flow Firm Q/Q Growth	59.38%	-86.54%	99.75%	13,689.04%	0.57%	1.47%	-28.00%	10.22%	46.78%	39.76%
Invested Capital Q/Q Growth	-0.55%	-2.29%	-4.69%	-0.46%	1.29%	-0.70%	-0.66%	0.59%	0.22%	-0.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.79%	47.41%	63.38%	65.53%	69.33%	71.30%	72.20%	73.84%	77.50%	76.66%
EBITDA Margin	30.42%	13.26%	27.87%	35.55%	35.82%	38.77%	42.98%	47.08%	53.62%	53.70%
Operating Margin	6.91%	-3.19%	8.53%	17.51%	21.56%	28.27%	32.09%	36.20%	44.64%	44.29%
EBIT Margin	7.04%	-1.63%	9.95%	19.57%	21.73%	26.28%	32.33%	37.03%	45.31%	44.39%
Profit (Net Income) Margin	3.32%	-11.32%	-0.63%	10.71%	12.57%	18.07%	22.32%	28.70%	36.26%	43.65%
Tax Burden Percent	1,470.60%	120.16%	134.75%	83.88%	99.46%	96.28%	88.15%	95.30%	92.89%	116.32%
Interest Burden Percent	3.20%	577.92%	-4.71%	65.27%	58.16%	71.42%	78.32%	81.33%	86.15%	84.54%
Effective Tax Rate	-1,370.60%	0.00%	0.00%	16.12%	0.54%	3.72%	11.85%	4.70%	7.11%	-16.32%
Return on Invested Capital (ROIC)	85.59%	-1.83%	4.51%	10.53%	16.14%	22.52%	26.57%	35.33%	45.71%	62.75%
ROIC Less NNEP Spread (ROIC-NNEP)	38.45%	-6.36%	2.02%	9.24%	13.12%	18.87%	24.08%	33.01%	43.54%	58.74%
Return on Net Nonoperating Assets (RNNOA)	29.09%	-4.44%	1.95%	12.43%	22.38%	28.53%	45.83%	76.32%	123.06%	134.86%
Return on Equity (ROE)	114.67%	-6.27%	6.46%	22.97%	38.52%	51.05%	72.40%	111.65%	168.78%	197.61%
Cash Return on Invested Capital (CROIC)	-40.08%	-37.61%	1.38%	12.04%	13.14%	19.99%	22.55%	28.32%	37.24%	49.03%
Operating Return on Assets (OROA)	3.95%	-0.76%	4.79%	9.88%	12.19%	15.40%	20.98%	27.25%	37.21%	37.23%
Return on Assets (ROA)	1.86%	-5.31%	-0.30%	5.41%	7.05%	10.59%	14.48%	21.12%	29.77%	36.61%
Return on Common Equity (ROCE)	114.67%	-6.27%	6.46%	22.96%	38.52%	51.05%	72.40%	111.65%	168.78%	197.61%
Return on Equity Simple (ROE_SIMPLE)	-4.36%	0.00%	-4.33%	1.32%	9.58%	0.00%	78.59%	101.50%	122.87%	0.00%
Net Operating Profit after Tax (NOPAT)	725	-16	43	110	185	259	299	373	497	707
NOPAT Margin	101.60%	-2.24%	5.97%	14.68%	21.44%	27.22%	28.29%	34.50%	41.47%	51.52%
Net Nonoperating Expense Percent (NNEP)	47.14%	4.52%	2.50%	1.29%	3.02%	3.65%	2.49%	2.32%	2.17%	4.01%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.31%	-	-	-	5.93%	-	-	-	15.38%
Cost of Revenue to Revenue	42.21%	52.59%	36.62%	34.47%	30.67%	28.70%	27.80%	26.16%	22.50%	23.34%
SG&A Expenses to Revenue	6.17%	5.22%	6.23%	4.05%	4.77%	3.81%	4.01%	3.76%	3.16%	4.39%
R&D to Revenue	17.12%	16.83%	20.25%	18.32%	18.43%	15.82%	14.68%	15.17%	12.52%	12.35%
Operating Expenses to Revenue	50.88%	50.60%	54.85%	48.02%	47.77%	43.02%	40.11%	37.64%	32.85%	32.37%
Earnings before Interest and Taxes (EBIT)	50	-11	71	147	188	250	342	400	543	609
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	217	93	199	267	310	370	455	508	643	737
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.84	2.06	3.12	6.18	12.68	10.65	30.58	33.60	46.51	99.72
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.48	1.39	2.04	3.26	4.58	4.08	6.41	6.92	10.17	23.08
Price to Earnings (P/E)	0.00	0.00	0.00	474.12	133.68	37.70	39.12	33.23	37.93	68.91
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.21%	0.75%	2.65%	2.56%	3.01%	2.64%	1.45%
Enterprise Value to Invested Capital (EV/IC)	2.29	1.49	2.04	3.04	4.28	4.13	6.84	7.86	12.00	28.89
Enterprise Value to Revenue (EV/Rev)	3.27	2.15	2.71	4.06	5.51	4.87	7.26	7.69	10.86	23.66
Enterprise Value to EBITDA (EV/EBITDA)	15.52	11.48	11.11	15.19	19.28	13.86	18.80	18.53	23.58	47.45
Enterprise Value to EBIT (EV/EBIT)	255.83	0.00	48.15	45.58	42.33	24.38	28.40	25.79	30.34	58.83
Enterprise Value to NOPAT (EV/NOPAT)	409.14	0.00	79.78	74.47	60.49	26.34	31.01	27.34	32.63	59.34
Enterprise Value to Operating Cash Flow (EV/OCF)	28.38	14.65	10.76	13.67	18.95	15.07	22.59	21.89	26.74	53.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	149.04	24.21	31.52	20.17	30.25	27.82	32.14	58.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.71	1.69	1.69	2.11	2.85	2.48	4.64	4.32	3.74	3.22
Long-Term Debt to Equity	1.69	1.67	1.67	2.09	2.66	2.31	4.59	4.27	3.70	3.22
Financial Leverage	0.76	0.70	0.97	1.35	1.71	1.51	1.90	2.31	2.83	2.30
Leverage Ratio	2.64	2.97	3.09	3.33	3.63	3.55	4.20	4.61	5.14	4.79
Compound Leverage Factor	0.08	17.18	-0.15	2.18	2.11	2.53	3.29	3.75	4.42	4.05
Debt to Total Capital	63.10%	62.80%	62.81%	67.83%	74.05%	71.30%	82.26%	81.19%	78.91%	76.30%
Short-Term Debt to Total Capital	0.65%	0.65%	0.65%	0.71%	5.09%	4.91%	0.83%	0.82%	0.80%	0.00%
Long-Term Debt to Total Capital	62.44%	62.15%	62.15%	67.13%	68.96%	66.39%	81.43%	80.37%	78.11%	76.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.90%	37.20%	37.19%	32.17%	25.95%	28.70%	17.74%	18.81%	21.09%	23.70%
Debt to EBITDA	5.26	6.10	4.51	4.15	3.61	2.70	2.52	2.14	1.78	1.49
Net Debt to EBITDA	3.72	4.05	2.76	3.02	3.23	2.27	2.21	1.86	1.49	1.18
Long-Term Debt to EBITDA	5.20	6.04	4.47	4.11	3.36	2.52	2.49	2.12	1.76	1.49
Debt to NOPAT	138.62	-96.01	32.43	20.36	11.33	5.14	4.15	3.16	2.46	1.87
Net Debt to NOPAT	97.97	-63.71	19.82	14.79	10.13	4.31	3.64	2.75	2.06	1.47
Long-Term Debt to NOPAT	137.18	-95.01	32.09	20.15	10.55	4.78	4.11	3.13	2.43	1.87
Altman Z-Score	1.64	1.07	1.43	2.00	2.71	2.66	4.04	4.83	7.17	15.19
Noncontrolling Interest Sharing Ratio	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.36	3.35	3.31	2.87	1.61	1.71	2.11	2.28	2.41	2.19
Quick Ratio	2.96	3.08	3.04	2.61	1.47	1.54	1.93	2.10	2.25	2.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-682	-1,273	-3.21	436	439	445	321	353	519	725
Operating Cash Flow to CapEx	26,277.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-14.03	-23.27	-0.04	8.56	5.58	6.22	4.32	4.73	6.90	7.70
Operating Cash Flow to Interest Expense	3.59	2.98	3.87	4.51	2.53	4.81	5.29	6.09	7.32	7.44
Operating Cash Flow Less CapEx to Interest Expense	3.57	3.75	3.87	4.51	2.53	4.81	5.29	6.09	7.32	7.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.47	0.48	0.50	0.56	0.59	0.65	0.74	0.82	0.84
Accounts Receivable Turnover	5.39	4.63	4.40	4.23	4.00	3.96	4.33	4.54	4.21	3.98
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	43.32	39.63	31.90	32.40	34.95	26.07	24.87	27.80	30.73	28.21
Accounts Payable Turnover	4.90	4.73	3.79	4.38	4.26	3.28	3.24	3.44	3.16	2.50
Days Sales Outstanding (DSO)	67.67	78.86	83.00	86.20	91.16	92.09	84.21	80.47	86.64	91.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	74.48	77.21	96.34	83.40	85.74	111.12	112.54	106.09	115.52	146.26
Cash Conversion Cycle (CCC)	-6.81	1.65	-13.34	2.79	5.42	-19.03	-28.34	-25.62	-28.88	-54.49
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,156	4,061	3,871	3,853	3,902	3,875	3,849	3,872	3,881	3,857
Invested Capital Turnover	0.84	0.82	0.76	0.72	0.75	0.83	0.94	1.02	1.10	1.22
Increase / (Decrease) in Invested Capital	1,407	1,257	46	-326	-254	-186	-21	19	-22	-18
Enterprise Value (EV)	9,497	6,045	7,888	11,702	16,693	16,000	26,333	30,438	46,579	111,442
Market Capitalization	7,223	3,914	5,928	9,378	13,898	13,382	23,244	27,381	43,636	108,675
Book Value per Share	$5.08	$5.12	$5.04	$4.16	$3.15	$3.74	$2.26	$2.48	$2.81	$3.25
Tangible Book Value per Share	($4.78)	($4.30)	($4.01)	($4.96)	($6.05)	($5.60)	($6.75)	($6.41)	($5.80)	($4.80)
Total Capital	5,099	5,114	5,104	4,717	4,223	4,377	4,286	4,333	4,448	4,599
Total Debt	3,218	3,212	3,206	3,200	3,127	3,121	3,525	3,518	3,510	3,509
Total Long-Term Debt	3,184	3,178	3,173	3,167	2,912	2,906	3,490	3,482	3,474	3,509
Net Debt	2,274	2,131	1,960	2,324	2,795	2,619	3,089	3,057	2,942	2,768
Capital Expenditures (CapEx)	0.66	-42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	370	313	216	261	378	385	445	506	564	513
Debt-free Net Working Capital (DFNWC)	1,314	1,393	1,462	1,138	710	887	881	966	1,131	1,255
Net Working Capital (NWC)	1,281	1,360	1,429	1,104	495	672	845	931	1,096	1,255
Net Nonoperating Expense (NNE)	701	64	47	30	77	87	63	63	62	108
Net Nonoperating Obligations (NNO)	2,274	2,158	1,972	2,335	2,807	2,619	3,089	3,057	2,942	2,768
Total Depreciation and Amortization (D&A)	167	105	128	120	122	119	113	109	100	128
Debt-free, Cash-free Net Working Capital to Revenue	12.74%	11.11%	7.44%	9.07%	12.46%	11.72%	12.26%	12.79%	13.14%	10.90%
Debt-free Net Working Capital to Revenue	45.18%	49.46%	50.30%	39.49%	23.43%	27.02%	24.30%	24.43%	26.38%	26.64%
Net Working Capital to Revenue	44.03%	48.28%	49.15%	38.33%	16.34%	20.47%	23.32%	23.53%	25.55%	26.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.06	($0.21)	($0.01)	$0.22	$0.32	$0.48	$0.70	$0.92	$1.29	$1.77
Adjusted Weighted Average Basic Shares Outstanding	369.39M	371.57M	373.16M	356.96M	341.44M	351.95M	335.79M	335.68M	336.93M	336.92M
Adjusted Diluted Earnings per Share	$0.06	($0.21)	($0.01)	$0.22	$0.30	$0.47	$0.67	$0.89	$1.25	$1.72
Adjusted Weighted Average Diluted Shares Outstanding	378.46M	371.57M	373.16M	366.34M	356.91M	362.59M	348.60M	347.96M	348.23M	347.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	371.69M	376.40M	364.48M	347.80M	335.80M	342.00M	329.01M	334.25M	335.59M	339.96M
Normalized Net Operating Profit after Tax (NOPAT)	34	-16	43	110	185	259	299	373	497	426
Normalized NOPAT Margin	4.84%	-2.24%	5.97%	14.68%	21.44%	27.22%	28.29%	34.50%	41.47%	31.00%
Pre Tax Income Margin	0.23%	-9.42%	-0.47%	12.77%	12.64%	18.77%	25.32%	30.11%	39.03%	37.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.03	-0.21	0.96	2.88	2.39	3.50	4.61	5.36	7.22	6.47
NOPAT to Interest Expense	14.90	-0.29	0.57	2.16	2.36	3.62	4.03	4.99	6.61	7.51
EBIT Less CapEx to Interest Expense	1.02	0.56	0.96	2.88	2.39	3.50	4.61	5.36	7.22	6.47
NOPAT Less CapEx to Interest Expense	14.89	0.48	0.57	2.16	2.36	3.62	4.03	4.99	6.61	7.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-413.13%	-175.63%	-438.23%	3,336.67%	1,099.02%	323.40%	308.15%	161.27%	85.07%	62.12%

Frequently Asked Questions About AppLovin's Financials

When does AppLovin's financial year end?

According to the most recent income statement we have on file, AppLovin's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has AppLovin's net income changed over the last 5 years?

AppLovin's net income appears to be on an upward trend, with a most recent value of $1.58 billion in 2024, rising from $119.04 million in 2019. The previous period was $356.71 million in 2023.

What is AppLovin's operating income?

AppLovin's total operating income in 2024 was $1.87 billion, based on the following breakdown:

Total Gross Profit: $3.54 billion
Total Operating Expenses: $1.67 billion

How has AppLovin revenue changed over the last 5 years?

Over the last 5 years, AppLovin's total revenue changed from $994.10 million in 2019 to $4.71 billion in 2024, a change of 373.7%.

How much debt does AppLovin have?

AppLovin's total liabilities were at $4.78 billion at the end of 2024, a 16.5% increase from 2023, and a 106.6% increase since 2020.

How much cash does AppLovin have?

In the past 4 years, AppLovin's cash and equivalents has ranged from $317.24 million in 2020 to $1.52 billion in 2021, and is currently $741.41 million as of their latest financial filing in 2024.

How has AppLovin's book value per share changed over the last 5 years?

Over the last 5 years, AppLovin's book value per share changed from 0.00 in 2019 to 3.25 in 2024, a change of 324.8%.

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This page (NASDAQ:APP) was last updated on 4/14/2025 by MarketBeat.com Staff

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AppLovin (APP) Financials

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