Filing Flows › AppLovin (APP) › Q4 2025
AppLovin (APP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 19, 2026
AppLovin (APP) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +66% from a year earlier and +18% from the quarter before. Operating margin was 76.9%, net earnings $1.1B (66.5% of revenue).
AppLovin, Q4 2025: revenue $1.7B (+66% year over year), operating margin 76.9%, net earnings $1.1B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7B | +18% | +66% |
| Operating profit | $1.3B | +18% | +103% |
| Net earnings | $1.1B | +32% | +84% |
| Operating cash flow | $1.3B | +25% | +87% |
| Free cash flow | $1.3B | — | +88% |
What changed
Revenue was $1.7B in Q4 2025, up 66% year over year and up 18% from the previous quarter.
Operating profit was $1.3B, a 76.9% margin (up 14.1 points year over year). Of the extra revenue versus a year earlier, 98% reached operating profit, above the 63% margin then. Total costs grew 3% against revenue growth of 66%. The fastest-growing cost line was General & admin (+37%). Net earnings were $1.1B, up 84% year over year. The effective tax rate was 12.1%.
Operating cash flow was $1.3B (up 87% year over year), 119% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items added $0.10B. After principal payments on finance leases ($4.4M) and purchase of property and equipment ($188K), free cash flow as the company reports it was $1.3B.
Questions
What was AppLovin's revenue in the fourth quarter 2025?
AppLovin (APP) reported revenue of $1.7B for the fourth quarter 2025 (Q4 2025), +66% from a year earlier and +18% from the quarter before.
Was AppLovin profitable in the fourth quarter 2025?
Operating profit was $1.3B (76.9% of revenue) and net earnings $1.1B.
Source: AppLovin 10-K on SEC EDGAR.