Filing Flows › AppLovin (APP) › Q1 2026
AppLovin (APP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
AppLovin (APP) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +59% from a year earlier and +11% from the quarter before. Operating margin was 78.2%, net earnings $1.2B (65.4% of revenue).
AppLovin, Q1 2026: revenue $1.8B (+59% year over year), operating margin 78.2%, net earnings $1.2B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +11% | +59% |
| Operating profit | $1.4B | +13% | +71% |
| Net earnings | $1.2B | +9% | +109% |
| Operating cash flow | $1.3B | -2% | +55% |
| Free cash flow | $1.3B | — | +56% |
What changed
Revenue was $1.8B in Q1 2026, up 59% year over year and up 11% from the previous quarter.
Operating profit was $1.4B, a 78.2% margin (up 5.7 points year over year). Of the extra revenue versus Q1 2025, 88% reached operating profit, above the 72% margin then. Total costs grew 26% against revenue growth of 59%. The fastest-growing cost line was Research & development (+67%). Net earnings were $1.2B, up 109% year over year. The effective tax rate was 15.8%.
Operating cash flow was $1.3B (up 55% year over year), 107% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.08B of share-based compensation. After principal payments of finance leases ($4.2M) and purchase of property and equipment ($413K), free cash flow as the company reports it was $1.3B.
Questions
What was AppLovin's revenue in the first quarter 2026?
AppLovin (APP) reported revenue of $1.8B for the first quarter 2026 (Q1 2026), +59% from a year earlier and +11% from the quarter before.
Was AppLovin profitable in the first quarter 2026?
Operating profit was $1.4B (78.2% of revenue) and net earnings $1.2B.
Source: AppLovin 10-Q on SEC EDGAR.