Applovin Financial Ratios

Applovin earned a net margin of 60.8% in FY 2025, up from 49.0% a year earlier. Gross margin was 87.9% compared with a median of 70.2% over the prior 6 years. Return on equity reached 156.2%, meaning Applovin generated 1.56 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.

Debt-to-equity stood at 1.65 versus 3.22 the year before, and the current ratio was 3.32. At the end of FY 2025, APP traded at 63.4 times earnings; across the 4 fiscal years shown, its year-end P/E ranged from 40.7 to 1047.3, with a median of 70.4. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.