AppLovin Corp FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $5.5B |
| Gross margin | 87.9% |
| 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.
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