AppLovin

Financial resilience is a highlight. For 2025, free cash flow was 3.95 billion dollars on 5.48 billion dollars of revenue; cash ended at 2.49 billion dollars.

Long‑term debt consists mainly of 3.55 billion dollars of fixed‑rate senior notes (5.125 to 5.95 percent) maturing from 2029 to 2054, with 2025 total interest expense around 201 million dollars.

Net debt is roughly 1.03 billion dollars, easily covered by annual free cash flow more than three times over, and the company also has an undrawn unsecured revolver under the 2024 credit agreement. These figures indicate ample capacity to weather downturns and fund buybacks/investment.