SECdecoded Read filings, not jargon.

AppLovin Corp FY 2025 10-K, explained in plain English

APP · 10-K for the period ending December 31, 2025, filed February 19, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$5.5B
Gross margin87.9%
Operating income$4.2B
Net income$3.3B
Diluted EPS$9.75
Cash & equivalents$2.5B
Total assets$7.3B
Long-term debt$3.5B

Key takeaway

AppLovin posted $5.48B in revenue and $3.33B in net income for fiscal 2025, with an operating margin near 76%.

🔒 4 more takeaways in the full analysis

Beneath the surface

Net cash position is strong but not as strong as it looks: $2.49B cash versus $3.51B long-term debt leaves the company in a net debt position of roughly $1.0B despite headline cash growth.

🔒 4 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for APP.

Read the full analysis free Free account · 5 full analyses included · no card required