APP Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), APP reported revenue of $1.7B, gross profit of $1.5B (88.9% gross margin), operating income of $1.3B, and net income of $1.1B (66.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
APP was profitable; revenue grew 18.0% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +18.0% | +31.9% | +7.0 pp |
Consensus estimate data is not available for this report.
APP Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $1.7B | 100% |
| Cost of Revenue | −$184M | 11.1% |
| Gross Profit | $1.5B | 88.9% |
| Research & Development | −$82M | 5.0% |
| Selling, General & Administrative | −$117M | 7.1% |
| Operating Income | $1.3B | 76.9% |
| Interest Expense | −$51M | 3.1% |
| Other Income, net | $29M | 1.8% |
| Income Tax Expense | −$151M | 9.1% |
| Net Income | $1.1B | 66.5% |
Source: original SEC filing (filed 2026-02-11). Accession 0001751008-26-000005. Data normalized by EarningsFyi.