Applovin Corp
NASDAQ:APP
Income Statement
Earnings Waterfall
Applovin Corp
Income Statement
Applovin Corp
| Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||
| Interest Expense |
74
|
78
|
78
|
77
|
57
|
57
|
56
|
86
|
100
|
118
|
148
|
172
|
214
|
229
|
259
|
271
|
275
|
299
|
295
|
290
|
296
|
273
|
250
|
|
| Revenue |
994
N/A
|
1 048
+5%
|
1 099
+5%
|
1 220
+11%
|
1 285
+5%
|
1 654
+29%
|
2 000
+21%
|
2 793
+40%
|
2 815
+1%
|
2 922
+4%
|
2 908
0%
|
2 817
-3%
|
2 907
+3%
|
2 881
-1%
|
3 032
+5%
|
3 283
+8%
|
3 626
+10%
|
3 587
-1%
|
3 921
+9%
|
4 709
+20%
|
4 766
+1%
|
5 314
+11%
|
5 521
+4%
|
|
| Gross Profit | ||||||||||||||||||||||||
| Cost of Revenue |
(241)
|
(272)
|
(334)
|
(431)
|
(504)
|
(632)
|
(723)
|
(988)
|
(1 047)
|
(1 105)
|
(1 124)
|
(1 128)
|
(1 108)
|
(1 063)
|
(1 055)
|
(1 059)
|
(1 091)
|
(955)
|
(959)
|
(1 167)
|
(983)
|
(1 016)
|
(922)
|
|
| Gross Profit |
753
N/A
|
776
+3%
|
765
-1%
|
790
+3%
|
781
-1%
|
1 022
+31%
|
1 277
+25%
|
1 805
+41%
|
1 768
-2%
|
1 817
+3%
|
1 784
-2%
|
1 689
-5%
|
1 799
+7%
|
1 818
+1%
|
1 977
+9%
|
2 224
+12%
|
2 534
+14%
|
2 632
+4%
|
2 961
+13%
|
3 542
+20%
|
3 783
+7%
|
4 297
+14%
|
4 599
+7%
|
|
| Operating Income | ||||||||||||||||||||||||
| Operating Expenses |
(558)
|
(598)
|
(646)
|
(719)
|
(769)
|
(977)
|
(1 185)
|
(1 655)
|
(1 757)
|
(1 788)
|
(1 723)
|
(1 609)
|
(1 657)
|
(1 599)
|
(1 621)
|
(1 576)
|
(1 608)
|
(1 452)
|
(1 433)
|
(1 669)
|
(1 403)
|
(1 533)
|
(1 291)
|
|
| Selling, General & Administrative |
(506)
|
(530)
|
(559)
|
(593)
|
(618)
|
(775)
|
(922)
|
(1 266)
|
(1 290)
|
(1 246)
|
(1 158)
|
(1 035)
|
(937)
|
(882)
|
(894)
|
(916)
|
(938)
|
(824)
|
(814)
|
(956)
|
(790)
|
(786)
|
(653)
|
|
| Research & Development |
(45)
|
(57)
|
(76)
|
(115)
|
(142)
|
(189)
|
(247)
|
(366)
|
(432)
|
(495)
|
(509)
|
(508)
|
(526)
|
(523)
|
(560)
|
(592)
|
(603)
|
(565)
|
(555)
|
(639)
|
(542)
|
(486)
|
(380)
|
|
| Depreciation & Amortization |
(8)
|
(10)
|
(11)
|
(11)
|
(9)
|
(12)
|
(16)
|
(23)
|
(36)
|
(46)
|
(56)
|
(66)
|
(67)
|
(67)
|
(67)
|
(67)
|
(67)
|
(64)
|
(64)
|
(74)
|
(72)
|
(72)
|
(69)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(128)
|
(128)
|
(100)
|
0
|
0
|
0
|
0
|
0
|
0
|
(189)
|
(189)
|
|
| Operating Income |
194
N/A
|
179
-8%
|
119
-34%
|
70
-41%
|
12
-83%
|
46
+287%
|
91
+100%
|
150
+64%
|
11
-93%
|
29
+174%
|
61
+110%
|
80
+32%
|
141
+76%
|
219
+55%
|
356
+63%
|
648
+82%
|
927
+43%
|
1 180
+27%
|
1 528
+30%
|
1 873
+23%
|
2 380
+27%
|
2 764
+16%
|
3 308
+20%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||
| Interest Income Expense |
(68)
|
(78)
|
(78)
|
(77)
|
(57)
|
(57)
|
(56)
|
(86)
|
(100)
|
(118)
|
(148)
|
(172)
|
(204)
|
(229)
|
(259)
|
(271)
|
(285)
|
(299)
|
(295)
|
(290)
|
(297)
|
(274)
|
(250)
|
|
| Non-Reccuring Items |
0
|
0
|
(8)
|
(83)
|
(99)
|
(92)
|
(17)
|
(17)
|
0
|
0
|
(28)
|
(128)
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
(28)
|
(189)
|
0
|
0
|
|
| Total Other Income |
0
|
6
|
8
|
7
|
14
|
9
|
(1)
|
(1)
|
(8)
|
(6)
|
4
|
14
|
12
|
38
|
38
|
8
|
11
|
(7)
|
(1)
|
21
|
25
|
(5)
|
(20)
|
|
| Pre-Tax Income |
126
N/A
|
107
-15%
|
41
-62%
|
(82)
N/A
|
(131)
-59%
|
(94)
+28%
|
18
N/A
|
46
+162%
|
(98)
N/A
|
(95)
+3%
|
(110)
-16%
|
(205)
-86%
|
(51)
+75%
|
28
N/A
|
136
+386%
|
381
+181%
|
652
+71%
|
874
+34%
|
1 232
+41%
|
1 576
+28%
|
1 919
+22%
|
2 485
+30%
|
3 038
+22%
|
|
| Net Income | ||||||||||||||||||||||||
| Tax Provision |
(7)
|
(5)
|
4
|
14
|
8
|
8
|
(14)
|
(11)
|
29
|
(11)
|
28
|
12
|
(32)
|
(8)
|
(31)
|
(24)
|
(54)
|
(56)
|
(89)
|
4
|
(8)
|
(103)
|
(255)
|
|
| Income from Continuing Operations |
119
|
102
|
45
|
(68)
|
(122)
|
(86)
|
4
|
35
|
(69)
|
(106)
|
(82)
|
(193)
|
(82)
|
20
|
105
|
357
|
597
|
818
|
1 144
|
1 580
|
1 911
|
2 382
|
2 783
|
|
| Income to Minority Interest |
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
76
N/A
|
60
-22%
|
3
-96%
|
(110)
N/A
|
(121)
-10%
|
(86)
+29%
|
4
N/A
|
32
+803%
|
(73)
N/A
|
(109)
-48%
|
(85)
+22%
|
(193)
-127%
|
(82)
+57%
|
20
N/A
|
104
+425%
|
355
+241%
|
594
+67%
|
824
+39%
|
1 150
+40%
|
1 577
+37%
|
1 919
+22%
|
2 429
+27%
|
2 830
+17%
|
|
| EPS (Diluted) |
0.21
N/A
|
0.16
-24%
|
0
N/A
|
-0.31
N/A
|
-0.34
-10%
|
-0.24
+29%
|
0.01
N/A
|
0.09
+800%
|
-0.2
N/A
|
-0.3
-50%
|
-0.24
+20%
|
-0.52
-117%
|
-0.22
+58%
|
0.06
N/A
|
0.3
+400%
|
0.98
+227%
|
1.69
+72%
|
2.36
+40%
|
3.3
+40%
|
4.53
+37%
|
5.56
+23%
|
7.09
+28%
|
8.29
+17%
|
|