AppLovin (APP) Free Cash Flow (2020 - 2026)
AppLovin's (APP) quarterly Free Cash Flow came in at $869.0 million in Q2 2026, up 12.54% year-over-year from $772.2 million in Q2 2025, and down 32.71% quarter-over-quarter from $1.3 billion in Q1 2026.
Analysis
AppLovin (APP) Free Cash Flow (2020 - 2026) Analysis & Trends
AppLovin (APP) has reported Free Cash Flow for 7 consecutive years, with $869.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 12.54% year-over-year to $869.0 million in Q2 2026; TTM through Jun 2026 was $4.5 billion, a 58.55% increase from a year earlier, with the FY2025 full-year figure at $4.0 billion, up 107.95% from the prior year.
- Free Cash Flow was $869.0 million for Q2 2026 at AppLovin, down from $1.3 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $1.3 billion in Q4 2025 and troughed at -$33.4 million in Q1 2022.
- A 5-year average of $528.1 million and a median of $423.7 million in 2024 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow tumbled 153.58% in 2022 and surged 958.48% in 2023, its largest moves.
- Over 5 years, Free Cash Flow stood at $90.5 million in 2022, then surged by 210.02% to $280.5 million in 2023, then jumped by 149.93% to $701.0 million in 2024, then soared by 87.41% to $1.3 billion in 2025, then sank by 33.85% to $869.0 million in 2026.
- The last three Free Cash Flow figures came in at $869.0 million (Q2 2026), $1.3 billion (Q1 2026), and $1.3 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,184.93 Bn | 3,755.89 Bn | 73.85 Bn | -5.86 Bn |
| 2 | AppLovin | 103.29 Bn | 100.24 Bn | 1.70 Bn | 869.04 Mn |
| 3 | Trade Desk | 6.54 Bn | 5.05 Bn | 530.72 Mn | 140.37 Mn |
| 4 | Magnite | 3.61 Bn | 3.27 Bn | 130.79 Mn | 174.50 Mn |
| 5 | DoubleVerify Holdings | 2.08 Bn | 1.87 Bn | 161.31 Mn | 65.73 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - | - |
| 7 | Quinstreet | 991.48 Mn | 863.16 Mn | 49.81 Mn | 50.35 Mn |
| 8 | Ibotta | 965.22 Mn | 817.04 Mn | 69.72 Mn | 8.94 Mn |
| 9 | Taboola.com | 906.66 Mn | 773.61 Mn | 139.48 Mn | 17.32 Mn |
| 10 | Mntn | 837.08 Mn | 599.80 Mn | 66.30 Mn | 23.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 869.04 Mn |
| Mar 31, 2026 | 1.29 Bn |
| Dec 31, 2025 | 1.31 Bn |
| Sep 30, 2025 | 1.05 Bn |
| Jun 30, 2025 | 772.23 Mn |
| Mar 31, 2025 | 831.71 Mn |
| Dec 31, 2024 | 701.00 Mn |
| Sep 30, 2024 | 550.70 Mn |
| Jun 30, 2024 | 454.53 Mn |
| Mar 31, 2024 | 392.78 Mn |
| Dec 31, 2023 | 280.48 Mn |
| Sep 30, 2023 | 145.32 Mn |
| Jun 30, 2023 | 227.49 Mn |
| Mar 31, 2023 | 286.54 Mn |
| Dec 31, 2022 | 90.47 Mn |
| Sep 30, 2022 | 166.83 Mn |
| Jun 30, 2022 | 111.50 Mn |
| Mar 31, 2022 | -33.38 Mn |
| Dec 31, 2021 | 31.35 Mn |
| Sep 30, 2021 | 127.02 Mn |