AppLovin Corp

APP

Services computer programming data processing etc

Last filing · Quarter 2 · Jun 30, 2026

2 more years with Pro

AppLovin Corp back to 2021, every line as filed.

USD ($) $ in Thousands	LTM	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Operating Activities
Net income	$ 4,409,952	$ 3,333,751	$ 1,579,776	$ 356,711
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization, depreciation and write-offs	134,066	194,778	448,680	489,008
Goodwill impairment	0	188,943	-	-
Stock-based compensation, excluding cash-settled awards	282,376	210,421	369,367	363,107
Gain on divestiture, net of transaction costs	0	(106,229)	-	-
Impairment of investments	50,000	50,000	0	27,953
Lease modification and abandonment of leasehold improvements	-	-	-	-
Loss on extinguishments of acquisition related contingent consideration	-	-	-	-
Loss on extinguishments of acquisition related contingent consideration	-	-	-	-
Loss on settlement of debt	0	0	28,375	-
Change in operating right-of-use assets	12,295	12,295	12,689	17,842
Amortization of debt issuance costs and discount	-	-	5,460	9,363
Loss on disposal of long-lived assets	-	-	1,646	-
Impairment and loss in connection with sale of long-lived assets	-	-	-	0
Other	(74,534)	9,213	2,557	6,200
Net unrealized gains on fair value remeasurement of financial instruments	-	-	-	-
Net loss (gain) on foreign currency remeasurement	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable	(603,225)	(542,219)	(467,028)	(261,279)
Prepaid expenses and other assets	57,077	134,658	4,056	(12,280)
Other assets	-	-	(189,387)	(121,688)
Accounts payable	223,063	232,486	189,585	98,574
Operating lease liabilities	(15,229)	(15,229)	(14,106)	(18,612)
Accrued and other liabilities	51,748	268,226	133,974	92,754
Deferred revenue	-	-	(6,633)	13,857
Net cash provided by operating activities	4,527,589	3,971,094	2,099,011	1,061,510
Investing Activities
Purchase of intangible assets	(28,318)	(28,318)	-	-
Acquisitions of businesses and intangible assets	-	-	(25,553)	(63,899)
Purchase of non-marketable equity securities	(1,500)	(20,178)	(76,983)	(17,934)
Proceeds from divestiture, net of cash divested	(17,405)	407,297	-	-
Other investing activities	19,079	(373)	-	-
Purchase of property and equipment	-	-	(4,776)	(4,246)
Capitalized software development costs	-	-	-	-
Proceeds from sale of assets and other	-	-	558	8,250
Net cash provided by (used in) investing activities	(28,144)	358,428	(106,754)	(77,829)
Financing Activities
Repurchases of common stock	(2,452,467)	(2,191,944)	(981,297)	(1,153,593)
Payments of withholding taxes related to net share settlement	(182,211)	(392,410)	(1,143,525)	(246,435)
Principal repayments of debt	0	(200,000)	(4,225,223)	(497,994)
Payments of deferred acquisition costs	0	0	0	(33,903)
Principal payments of finance leases	(18,669)	(18,669)	(20,875)	(20,170)
Payments of licensed asset obligation	0	(13,532)	0	(27,110)
Payments of debt issuance cost	(1,843)	(1,843)	(35,563)	(4,655)
Proceeds from issuance of debt	0	200,000	4,614,841	395,281
Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares	-	25,329	41,798	20,932
Proceeds from issuance of common stock	-	-	-	-
Proceeds from the issuance of common stock through ESPP	-	-	-	4,856
Proceeds from issuance of common stock in initial public offering, net of issuance costs as adjusted for cost reimbursement	-	-	-	0
Payments of related party notes	-	-	-	0
Payments of deferred IPO costs	-	-	-	-
Net cash used in financing activities	(2,636,126)	(2,593,069)	(1,749,844)	(1,562,791)
Effect of foreign exchange rate on cash and cash equivalents	(2,621)	9,232	(3,154)	778
Net increase in cash and cash equivalents, including cash classified within current assets of discontinued operations	1,860,698	1,745,685	239,259	(578,332)
Less: net decrease in cash classified within current assets of discontinued operations	0	(44,381)	-	-
Net (decrease) increase in cash and cash equivalents	1,860,698	1,790,066	-	-
Supplemental non-cash investing and financing activities disclosures:
Non-cash consideration received from divestiture	0	285,000	-	-
Right-of-use assets obtained in exchange for lease obligations, net of modifications	64,937	(28,570)	-	-
Right-of-use assets acquired under finance leases	-	-	20,874	113,440
Right-of-use assets acquired under operating leases	-	-	5,451	6,471
Accrued withholding taxes related to net share settlement of restricted stock units	0	0	8,606	-
Conversion of convertible securities to Class A common stock	-	-	-	0
Issuance of convertible securities related to acquisitions	-	-	-	0
Issuance of common stock and common stock warrants in connection with acquisitions	-	-	0	0
Acquisitions not yet paid	-	-	0	0
Assets acquired not yet paid	-	-	510	0
Proceeds from sale of long-lived assets not yet received	-	-	0	0
Settlement of bonus compensation through issuance of common stock	-	-	-	0
Settlement of contingent consideration through issuance of common stock	-	-	-	-
Deferred IPO costs not yet paid	-	-	-	-
Accretion of interest on related party promissory notes	-	-	-	0
Common stock issued in exchange for redeemable noncontrolling interest	-	-	-	-
Repurchases of common stock from related parties financed by promissory notes	-	-	-	-
Interest expense offset by non-cash financing activities	-	-	-	-
Common stock warrant issued in connection with lease modification	-	-	-	-
Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds	734,042	194,843	67,332	75,433
Cash paid for interest	$ 198,888	$ 198,788	$ 270,615	$ 248,828