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Where the tokens are
Trade APPStandardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.92B | $1.84B | $1.66B | $1.41B | $1.26B | $1.16B | $999.49M | $835.19M |
| Cost of revenue | $225.80M | $203.63M | $183.53M | $174.86M | $155.08M | $151.68M | $153.39M | $120.92M |
| Gross profit | $1.70B | $1.64B | $1.47B | $1.23B | $1.10B | $1.01B | $846.09M | $714.27M |
| Gross margin | 88.3% | 88.9% | 88.9% | 87.6% | 87.7% | 86.9% | 84.7% | 85.5% |
| Research and development | $99.90M | $94.10M | $82.22M | $43.85M | $44.03M | $56.41M | $105.86M | $80.78M |
| Selling, general and administrative | $103.71M | $104.78M | $116.95M | $107.33M | $101.96M | $110.91M | $111.90M | $99.19M |
| Operating expenses | $203.61M | $198.88M | $199.17M | $151.18M | $146.00M | $167.31M | $217.76M | $179.97M |
| Operating income | $1.49B | $1.44B | $1.28B | $1.08B | $957.68M | $839.98M | $628.33M | $534.30M |
| Operating margin | 77.7% | 78.2% | 76.9% | 76.8% | 76.1% | 72.5% | 62.9% | 64.0% |
| EBITDA | $1.53B | $1.47B | $1.31B | $1.11B | $1.00B | $919.87M | $756.17M | $633.93M |
| Interest expense | −$51.16M | −$51.16M | −$51.29M | −$51.43M | −$51.41M | −$52.89M | −$93.93M | −$74.94M |
| Income before taxes | $1.51B | $1.43B | $1.25B | $1.02B | $884.00M | $794.61M | $534.73M | $467.73M |
| Income taxes | $238.99M | $225.80M | $151.10M | $185.40M | $112.15M | $71.07M | −$61.38M | $34.66M |
| Net income | $1.27B | $1.21B | $1.10B | $835.55M | $819.53M | $576.42M | $599.20M | $434.42M |
| Net margin | 65.8% | 65.4% | 66.5% | 59.5% | 65.1% | 49.7% | 60.0% | 52.0% |
| EPS, basic | $3.77 | $3.57 | $3.26 | $2.47 | $2.42 | $1.70 | $1.77 | $1.29 |
| EPS, diluted | $3.76 | $3.56 | $3.24 | $2.45 | $2.39 | $1.67 | $1.73 | $1.25 |
| Diluted shares | 337.03M | 338.73M | 339.83M | 340.97M | 342.19M | 344.88M | 346.45M | 348.23M |
Figures describe AppLovin shares, not any token. As of Aug 5, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.