AppLovin (APP) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Information Technology
Services-Computer Programming, Data Processing, Etc.SEC EDGAR

AppLovin (APP) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

AppLovin FY2025 10-K Analysis

Business Overview

  • Core business: AI-powered end-to-end advertising solutions for global audience reach, monetization, and growth
  • New emphasis on Connected TV (CTV) segment via Wurl platform, expanding into streaming video and advertising solutions
+3 more insights

Management Discussion & Analysis

  • Sale of Apps business for $400M cash plus ~20% equity in Tripledot, completed June 30, 2025
  • Post-sale operates as single segment; Apps business now discontinued operations
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Risk Factors

  • Regulatory risk from evolving privacy laws, including Apple's IDFA changes and Google's Privacy Sandbox retirement impacting data tracking and advertising effectiveness
  • Geopolitical cyber threats heightened by conflicts in Ukraine and the Middle East raising risk of state-sponsored cyberattacks on systems and data
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AppLovin FY2025 Key Financial Metrics
XBRL

Revenue

$5.5B

+16.4% YoY

Net Income

$3.3B

+111.0% YoY

Operating Margin

75.8%

+3597bp YoY

Net Margin

60.8%

+2728bp YoY

ROE

156.2%

+1121bp YoY

Total Assets

$7.3B

+23.7% YoY

EPS (Diluted)

$9.75

+115.2% YoY

Operating Cash Flow

$4.0B

+89.2% YoY

Source: XBRL data from AppLovin FY2025 10-K filing on SEC EDGAR. All figures in USD.

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