Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

AppLovin Corp., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Revenue	1,923,686)	1,842,449)	1,657,944)	1,405,045)	1,258,754)	1,158,974)	1,372,779)	1,198,235)	1,080,119)	1,058,115)	953,261)	864,256)	750,165)	715,405)	702,307)	713,099)	776,231)	625,421)	793,470)	726,951)	668,806)	603,877)
Cost of revenue	(225,801)	(203,632)	(183,529)	(174,855)	(155,076)	(151,680)	(320,452)	(269,659)	(282,547)	(294,148)	(273,607)	(265,049)	(258,575)	(261,960)	(369,368)	(300,988)	(303,929)	(281,780)	(265,129)	(254,052)	(245,853)	(223,061)
Gross profit	1,697,885)	1,638,817)	1,474,415)	1,230,190)	1,103,678)	1,007,294)	1,052,327)	928,576)	797,572)	763,967)	679,654)	599,207)	491,590)	453,445)	332,939)	412,111)	472,302)	343,641)	528,341)	472,899)	422,953)	380,816)
Sales and marketing	(63,394)	(60,751)	(48,776)	(48,575)	(46,917)	(59,383)	(214,662)	(205,753)	(202,107)	(226,687)	(222,963)	(212,352)	(192,427)	(202,976)	(200,536)	(196,785)	(232,096)	(290,133)	(313,692)	(285,224)	(265,463)	(265,513)
Research and development	(99,901)	(94,104)	(82,220)	(43,852)	(44,032)	(56,406)	(169,480)	(149,990)	(163,896)	(155,323)	(150,823)	(159,288)	(137,424)	(144,851)	(118,190)	(122,059)	(141,108)	(126,250)	(119,541)	(108,523)	(77,462)	(60,876)
General and administrative	(40,313)	(44,029)	(68,176)	(58,756)	(55,047)	(51,523)	(60,205)	(37,899)	(40,583)	(42,398)	(36,354)	(41,249)	(30,411)	(44,571)	(36,639)	(44,000)	(45,743)	(55,245)	(36,583)	(34,104)	(45,050)	(42,962)
Income (loss) from operations	1,494,277)	1,439,933)	1,275,243)	1,079,007)	957,682)	839,982)	607,980)	534,934)	390,986)	339,559)	269,514)	186,318)	131,328)	61,047)	(22,426)	49,267)	53,355)	(127,987)	58,525)	45,048)	34,978)	11,465)
Interest expense	(51,156)	(51,159)	(51,290)	(51,429)	(51,409)	(52,888)	(94,199)	(75,213)	(74,666)	(74,182)	(71,584)	(78,583)	(50,987)	(74,511)	(54,722)	(48,627)	(36,505)	(32,009)	(30,374)	(18,756)	(19,030)	(35,010)
Other income (expense), net	62,405)	42,634)	29,401)	(6,632)	(22,269)	7,512)	1,343)	7,948)	8,947)	2,568)	(19,034)	1,490)	15,461)	10,111)	10,976)	969)	518)	2,014)	462)	(9,217)	(1,570)	9,790)
Other income (expense), net	11,249)	(8,525)	(21,889)	(58,061)	(73,678)	(45,376)	(92,856)	(67,265)	(65,719)	(71,614)	(90,618)	(77,093)	(35,526)	(64,400)	(43,746)	(47,658)	(35,987)	(29,995)	(29,912)	(27,973)	(20,600)	(25,220)
Income (loss) before income taxes	1,505,526)	1,431,408)	1,253,354)	1,020,946)	884,004)	794,606)	515,124)	467,669)	325,267)	267,945)	178,896)	109,225)	95,802)	(3,353)	(66,172)	1,609)	17,368)	(157,982)	28,613)	17,075)	14,378)	(13,755)
(Provision for) benefit from income taxes	(238,988)	(225,795)	(151,098)	(185,401)	(112,148)	(71,068)	84,080)	(33,249)	(15,298)	(31,762)	(6,663)	(586)	(15,445)	(1,165)	(13,340)	22,053)	(39,167)	42,684)	2,794)	(16,933)	(14)	3,180)
Net income (loss) from continuing operations	1,266,538)	1,205,613)	1,102,256)	835,545)	771,856)	723,538)	599,204)	434,420)	309,969)	236,183)	172,233)	108,639)	80,357)	(4,518)	(79,512)	23,662)	(21,799)	(115,298)	31,407)	142)	14,364)	(10,575)
Income (loss) from discontinued operations, net of income taxes	—)	—)	—)	—)	47,675)	(147,119)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net income (loss)	1,266,538)	1,205,613)	1,102,256)	835,545)	819,531)	576,419)	599,204)	434,420)	309,969)	236,183)	172,233)	108,639)	80,357)	(4,518)	(79,512)	23,662)	(21,799)	(115,298)	31,407)	142)	14,364)	(10,575)
Net loss attributable to noncontrolling interest	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	109)	51)	41)	(41)	36)	59)	54)
Net income (loss) attributable to AppLovin	1,266,538)	1,205,613)	1,102,256)	835,545)	819,531)	576,419)	599,204)	434,420)	309,969)	236,183)	172,233)	108,639)	80,357)	(4,518)	(79,512)	23,771)	(21,748)	(115,257)	31,366)	178)	14,423)	(10,521)

Revenue demonstrates a strong and accelerating growth trend over the analyzed period, increasing from 603.9 million USD in March 2021 to 1.92 billion USD by June 2026. This expansion is accompanied by a significant improvement in operational efficiency and a transition from volatile earnings to sustained, high-margin profitability.

Revenue and Gross Profitability: Revenue grew consistently, with a notable inflection point occurring in 2024. Gross profit expanded from 380.8 million USD in March 2021 to 1.70 billion USD in June 2026. This expansion was driven not only by top-line growth but also by a marked reduction in the cost of revenue starting in March 2024, where quarterly costs dropped from approximately 294 million USD to a range between 151 million and 225 million USD, leading to significantly higher gross margins.
Operating Expense Optimization: A strategic shift in cost management is evident beginning in the first quarter of 2024. Sales and marketing expenses, which previously fluctuated between 196 million and 313 million USD, were sharply reduced to a range of 46 million to 63 million USD. Similarly, research and development expenses saw a substantial decline from a peak of 169 million USD in December 2023 to levels between 43 million and 99 million USD in subsequent periods. General and administrative expenses remained relatively stable, despite a temporary spike in December 2024.
Operating and Net Income Trajectory: Income from operations transitioned from narrow margins and periodic losses in 2021 and 2022 to rapid growth. Operating income climbed from 11.5 million USD in March 2021 to 1.49 billion USD by June 2026. This trajectory is mirrored in the net income attributable to AppLovin, which evolved from a net loss of 10.5 million USD in March 2021 to a net profit of 1.27 billion USD in June 2026, reflecting substantial operating leverage.
Financial Obligations and Tax Impact: Interest expenses remained a consistent quarterly burden, typically ranging between 50 million and 94 million USD. Other income and expenses showed significant volatility; however, by 2026, positive net other income began contributing meaningfully to the bottom line. Income tax provisions increased proportionally with the growth in pre-tax income, shifting from tax benefits during loss-making quarters to substantial tax expenses reaching 238.9 million USD by June 2026.

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AppLovin Corp. (NASDAQ:APP)

Income StatementQuarterly Data

Income Statement
Quarterly Data