AppLovin (APP) Stock Price vs Net Income
Open the interactive overlay on autario.com.
AppLovin's net income for Q1 2026 (ended March 31) reached $1.21 billion, up 9.2% from $576.4 million in Q1 2025. Over that same year-long period, the stock price declined from $264.97 to $398, a 50.2% increase. Despite net income growth, the stock's valuation compressed relative to earnings, meaning the price-to-earnings multiple contracted between these two periods. From April 2021 through June 2026, AppLovin demonstrated a strong 0.84 correlation between net income and stock price, with both metrics generally moving in the same direction over the longer window.
Net Income was $1.2B as of 2026-03-31, +109% year over year. The stock moved +50% over the same window ($264.97 -> $398.00). The stock is now cheaper relative to Net Income than a year ago (multiple compression).
Latest close: 604.29 USD (2026-06-02).
Net Income | recent SEC reports
| Report date | Net Income | Period |
|---|
| 2026-03-31 | 1.2B USD | Q1 10-Q |
| 2025-09-30 | 835.5M USD | Q3 10-Q |
| 2025-06-30 | 819.5M USD | Q3 10-Q |
| 2025-03-31 | 576.4M USD | Q1 10-Q |
| 2024-09-30 | 434.4M USD | Q3 10-Q |
| 2024-06-30 | 310.0M USD | Q3 10-Q |
| 2024-03-31 | 236.2M USD | Q3 10-Q |
| 2023-09-30 | 108.6M USD | Q3 10-Q |
Sources: autario.com/data/stock-app-applovin-daily-prices · autario.com/data/applovin-net-income-sec-filings | data verified and hosted on autario.com.