Companies: 10,795·Total market cap: $144.5T
AppLovin Corporation

AppLovin Corporation

APPNASDAQTechnology● Active
$569.71
+$12.51(+2.25%)
Market Cap$191.4B
P/E Ratio—
52W High$745.61
52W Low$320
Overview

AppLovin Corporation (APP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

APP · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $3.94B for FY2025 (fiscal year ending 2025-12-31), up 88.3% year-over-year The FCF margin was 71.9%. Five-year CAGR stands at +78.2%.

FY2025 Free Cash Flow$3.94B▲ +88.3% YoY
Trailing 12M (TTM)$4.40Btrailing 4 quarters sum
FCF Margin71.9%$3.94B ÷ revenue
3-Year CAGR+112.3%FY2022 → FY2025
5-Year CAGR+78.2%FY2020 → FY2025
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
app free cash flow history · app free cash flow chart · app free cash flow growth rate · app free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$3.94B▲ +88.3%71.9%
FY2024$2.09B▲ +98.1%65.0%
FY2023$1.06B▲ +156.5%57.4%
FY2022$412.1M▲ +14.3%14.6%
FY2021$360.5M▲ +64.1%12.9%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
app free cash flow 2025 · app free cash flow 2024 · app free cash flow 2023 · app operating cash flow

FCF valuation metrics

AppLovin Corporation (APP) trades at a FCF yield of 2.30% and a price-to-free-cash-flow ratio of 43.9x. FCF per share stands at $12.99, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
2.30%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$12.99
TTM FCF ÷ Shares Outstanding
Price / FCF
x43.9
Share Price ÷ FCF per Share
EV / FCF (TTM)
x43.6
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
app price to free cash flow · app free cash flow yield · app free cash flow per share · app price to cash flow ratio

Cash flow statement summary

For FY2025, AppLovin Corporation generated $3.97B in operating cash flow and spent 28M in capital expenditures, yielding $3.94B in free cash flow.

Operating Activities
+$3.97B
Cash from core business operations
2025-12-31
Investing Activities
+$402.8M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$2.59B
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($3.97B) − |CapEx| (28M) = FCF ($3.94B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
app cash flow statement · app cash flow statement 2025 · app operating cash flow · app cash flow from operations

Free cash flow vs peers (Technology)

#CompanyFree Cash FlowYoY
#1
AppLovin Corporation
AppLovin CorporationYOU
APP
$3.94B+88.3%
#2
Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited
TSM
$1.10T+26.1%#3
Apple Inc.
Apple Inc.
AAPL
$98.77B-9.2%#4
NVIDIA Corporation
NVIDIA Corporation
NVDA
$96.68B+58.9%#5
Microsoft Corporation
Microsoft Corporation
MSFT
$71.61B-3.3%#6
Broadcom Inc.
Broadcom Inc.
AVGO
$26.91B+38.6%
Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AppLovin Corporation (APP) reported free cash flow of $3.94B for FY2025 (fiscal year ending 2025-12-31), up 88.3% year-over-year. The FCF margin was 71.9%.

Based on available data, AppLovin Corporation has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $3.94B in FY2025. The 5-year CAGR stands at +78.2%.

AppLovin Corporation's FCF yield is 2.30% and price-to-FCF ratio is 43.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

APP free cash flow · 8 questions

AppLovin Corporation free cash flow was $3.94B for FY2025, up 88.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.40B.

APP free cash flowAPP FCFAPP FCF 2025APP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AppLovin Corporation · AppLovin Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026