Company / Free Cash Flow
AppLovin Free Cash Flow History
FY2019-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$2.1B
FY2024
5-year range
$360.5M / $2.1B
FY2020-FY2024
Trend
+98.1%
vs FY2023
Sector context
#28 of 294
Information Technology
What the data says
Among 294 Information Technology companies, AppLovin is in the top 10% for free cash flow. Free Cash Flow has increased for 5 consecutive years, from $195M in FY2019 to $2.1B in FY2024.
Based on SEC 10-K filings.
$2.1B in FY2024 with a 5-year CAGR of +60.8%. Top quartile in the Information Technology sector.
Improved from $412M to $2.1B over the past 2 years.
Information Technology sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +79.8%
- 5-Year CAGR
- +60.8%
- 10-Year CAGR
- -
Sector benchmark
+49.3% above sector average
Key checks
Key Insights
- AppLovin's free cash flow has grown for 5 consecutive years.
- 5-year CAGR of +60.8%, indicating consistent growth.
- In FY2024, free cash flow increased 98.1% year-over-year.
- Ranks #28 out of 294 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 3.21 (safe zone, above 2.9 threshold)
- Strong profit margin: 45.3%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 192.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $2.1B | +98.1% |
| FY2023 | $1.1B | +156.5% |
| FY2022 | $412.1M | +14.3% |
| FY2021 | $360.5M | +64.1% |
| FY2020 | $219.6M | +12.6% |
| FY2019 | $195.1M | - |
As of FY2024 · SEC Form 10-K · Last checked Jun 21, 2026