AppLovin Corp
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 19, 2026
APP$395.51-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating Activities | |||
| Net income | $3,333,751 | $1,579,776 | $356,711 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization, depreciation and write-offs | 194,778 | 448,680 | 489,008 |
| Goodwill impairment | 188,943 | — | — |
| Stock-based compensation, excluding cash-settled awards | 210,421 | 369,367 | 363,107 |
| Gain on divestiture, net of transaction costs | (106,229) | — | — |
| Impairment of investments | 50,000 | — | 27,953 |
| Loss on settlement of debt | — | 28,375 | 4,337 |
| Change in operating right-of-use assets | 12,295 | 12,689 | 17,842 |
| Other | 9,213 | 9,663 | 11,226 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (542,219) | (467,028) | (261,279) |
| Prepaid expenses and other assets | 134,658 | (185,331) | (133,968) |
| Accounts payable | 232,486 | 189,585 | 98,574 |
| Operating lease liabilities | (15,229) | (14,106) | (18,612) |
| Accrued and other liabilities | 268,226 | 127,341 | 106,611 |
| Net cash provided by operating activities | 3,971,094 | 2,099,011 | 1,061,510 |
| Investing Activities | |||
| Purchase of intangible assets | (28,318) | (25,553) | (63,899) |
| Purchase of non-marketable equity securities | (20,178) | (76,983) | (17,934) |
| Proceeds from divestiture, net of cash divested | 407,297 | — | — |
| Other investing activities | (373) | (4,218) | 4,004 |
| Net cash provided by (used in) investing activities | 358,428 | (106,754) | (77,829) |
| Financing Activities | |||
| Repurchases of common stock | (2,191,944) | (981,297) | (1,153,593) |
| Payments of withholding taxes related to net share settlement | (392,410) | (1,143,525) | (246,435) |
| Principal repayments of debt | (200,000) | (4,225,223) | (497,994) |
| Payments of deferred acquisition costs | — | — | (33,903) |
| Principal payments of finance leases | (18,669) | (20,875) | (20,170) |
| Payments of licensed asset obligation | (13,532) | — | (27,110) |
| Payments of debt issuance cost | (1,843) | (35,563) | (4,655) |
| Proceeds from issuance of debt | 200,000 | 4,614,841 | 395,281 |
| Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares | 25,329 | 41,798 | 25,788 |
| Net cash used in financing activities | (2,593,069) | (1,749,844) | (1,562,791) |
| Effect of foreign exchange rate on cash and cash equivalents | 9,232 | (3,154) | 778 |
| Net increase in cash and cash equivalents, including cash classified within current assets of discontinued operations | 1,745,685 | 239,259 | (578,332) |
| Less: net decrease in cash classified within current assets of discontinued operations | (44,381) | — | — |
| Net (decrease) increase in cash and cash equivalents | 1,790,066 | 239,259 | (578,332) |
| Cash and cash equivalents at beginning of the period | 697,030 | 502,152 | 1,080,484 |
| Cash and cash equivalents at end of the period | $2,487,096 | $741,411 | $502,152 |
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental non-cash investing and financing activities disclosures: | |||
| Non-cash consideration received from divestiture | $285,000 | $— | $— |
| Right-of-use assets obtained in exchange for lease obligations, net of modifications | $(28,570) | $26,325 | $119,911 |
| Accrued withholding taxes related to net share settlement of restricted stock units | $— | $8,606 | $— |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for income taxes, net of refunds | $194,843 | $67,332 | $75,433 |
| Cash paid for interest | $198,788 | $270,615 | $248,828 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.