Every 10-Q that Applovin Corporation (APP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow APP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full APP filings page.
AppLovin (APP) reported a strong Q3 2025, highlighting rapid growth and profitability after divesting its Apps Business. Revenue rose 68% year over year to $1.405 billion as advertisers increased spend on its Axon-platform solutions. Income from continuing operations reached $835.5 million, reflecting sizable operating leverage with total costs at $326.0 million against revenue of $1.405 billion.
The company generated substantial cash this year, with $2.657 billion provided by operating activities for the nine months ended September 30, 2025, and Free Cash Flow of $2.643 billion. Management returned capital by repurchasing $1.8 billion of Class A shares year to date and later expanded the authorization in October. Following the June 30 sale of its Apps Business to Tripledot for $430.6 million in cash plus equity valued at $285.0 million, results are presented as a single advertising-focused segment. The divestiture produced a $106.2 million pre‑tax gain, while discontinued operations reflected a $188.9 million goodwill impairment earlier in the year. Cash and cash equivalents ended the quarter at $1.667 billion, with long‑term debt of $3.512 billion.
AppLovin (APP) Q2-25 10-Q highlights
- Revenue jumped 77% YoY to $1.26 billion as advertisers increased spend on AppDiscovery, MAX and Adjust.
- Operating leverage: Total costs fell 8% YoY to $301 million, driving income from operations up 149% to $958 million and a 61% net margin from continuing ops.
- Net income from continuing ops rose to $772 million ($2.26 diluted EPS) from $301 million ($0.86).
- Discontinued ops: Sale of the Apps Business to Tripledot closed 30-Jun-25 for $400 million cash + $285 million equity (≈22% stake). Deal produced a $106 million pre-tax gain but the unit booked a $189 million goodwill impairment earlier in the year; six-month loss from disc. ops totals $99 million.
- Cash flow & liquidity: H1-25 operating cash flow $1.60 billion (↑89%); free cash flow $1.59 billion. Cash & equivalents now $1.19 billion vs $0.70 billion YE-24. Long-term debt steady at $3.51 billion.
- Capital returns: Repurchased $1.27 billion of Class A shares; $1.0 billion authorization remains.
- Balance sheet movements: Goodwill up to $1.54 billion mainly on FX; APIC down after buybacks; AOCI improved to -$5 million.
- Commitments & risks: $1.3 billion cloud spend commitment (through 2027); heightened privacy regulation (Apple/Google changes) noted; no material litigation accruals.
Management now reports one operating segment following the divestiture and continues to invest in AI-driven ad-tech while exploring strategic opportunities (e.g., indicated interest in TikTok assets).