Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $994M | $1.45B | $2.79B | $2.82B | $1.84B | $3.22B | $5.48B |
| Revenue growth | — | 46.0% | 92.5% | 0.9% | -34.6% | 75.1% | 70.0% |
| Operating income | $194M | -$62.0M | $150M | -$47.8M | $772M | $1.91B | $4.15B |
| Operating margin | 19.6% | -4.3% | 5.4% | -1.7% | 41.9% | 59.3% | 75.8% |
| Net income | $119M | -$125M | $35.4M | -$193M | $357M | $1.58B | $3.33B |
| Net margin | 12.0% | -8.6% | 1.3% | -6.8% | 19.4% | 49.0% | 60.8% |
| EPS (diluted) | $0.36 | -$0.58 | $0.09 | -$0.52 | $0.98 | $4.53 | $9.75 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $198M | $223M | $362M | $413M | $1.06B | $2.10B | $3.97B |
| Capital expenditures | $3.36M | $3.24M | $1.39M | $662K | $4.25M | $4.78M | — |
| Free cash flow | $195M | $220M | $360M | $412M | $1.06B | $2.09B | — |
| Share buybacks | $11.0K | $1.77M | $0.00 | $339M | $1.15B | $981M | $2.19B |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $396M | $317M | $1.52B | $1.08B | $502M | $697M | $2.49B |
| Total assets | — | $2.15B | $6.16B | $5.85B | $5.36B | $5.87B | $7.26B |
| Total liabilities | — | $2.31B | $4.03B | $3.95B | $4.10B | $4.78B | $5.12B |
| Long-term debt | — | $1.58B | $3.20B | $3.18B | $2.91B | $3.51B | $3.51B |
| Shareholders' equity | -$257M | -$159M | $2.14B | $1.90B | $1.26B | $1.09B | $2.13B |
| Retained earnings | — | -$1.01B | -$977M | -$1.17B | -$813M | $599M | $1.74B |
| Shares (wtd avg diluted) | 212M | 215M | 343M | 372M | 363M | 348M | 342M |
Every figure is extracted from AppLovin Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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