Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
75.8%Operating margin2
60.8%Net margin2
70.0%Revenue growth, 20252
156.2%Return on equity2
1.65×Debt to equity2
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
United States brought in 52% of the revenue Applicad broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| United States | $1.0B | $1.7B | $2.8B |
| Outside the United States | $825.9M | $1.5B | $2.7B |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue12¢$665.1M
- Research and development4¢$226.5M
- Other costs13¢$735.6M
- Income tax9¢$519.7M
- Profit61¢$3.3B
Out of $5.5B in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Share buybacks55¢$2.2B
- Kept or used elsewhere45¢$1.8B
Out of $4.0B of cash from operations.2
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $5.5B | $3.2B | $1.8B |
| Cost of revenue | $665.1M | $520.6M | $356.6M |
| Sales and marketing | $203.7M | $252.9M | $228.0M |
| Research and development | $226.5M | $374.7M | $333.8M |
| General and administrative | $233.5M | $164.9M | $150.9M |
| Total costs and expenses | $1.3B | $1.3B | $1.1B |
| Income from operations | $4.2B | $1.9B | $772.4M |
| Interest expense and loss on settlement of debt | -$207.0M | -$317.2M | -$273.5M |
| Other income, net | $8.0M | $18.2M | $2.7M |
| Total other expense, net | -$199.0M | -$299.0M | -$270.8M |
| Income before income taxes | $4.0B | $1.6B | $501.6M |
| Provision for income taxes | $519.7M | $22.4M | $43.8M |
| Net income from continuing operations | $3.4B | $1.6B | $457.8M |
| Loss from discontinued operations, net of income taxes | -$99.4M | -$9.7M | -$101.1M |
| Net income | $3.3B | $1.6B | $356.7M |
| Continuing operations (in dollars per share) | $10 | $5 | $1 |
| Discontinued operations (in dollars per share) | -$0 | -$0 | -$0 |
| Basic net income per share (in dollars per share) | $9.84 | $4.68 | $1.01 |
| Continuing operations (in dollars per share) | $10 | $5 | $1 |
| Discontinued operations (in dollars per share) | -$0 | -$0 | -$0 |
| Diluted net income per share (in dollars per share) | $9.75 | $4.53 | $0.98 |
| Basic (in shares) | 338.8M shares | 336.9M shares | 352.0M shares |
| Diluted (in shares) | 342.0M shares | 347.8M shares | 362.6M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $2.5B | $697.0M | |
| Accounts receivable, net | $1.8B | $1.3B | |
| Prepaid expenses and other current assets | $124.3M | $140.5M | |
| Current assets of discontinued operations | $0 | $191.4M | |
| Total current assets | $4.4B | $2.3B | |
| Property and equipment, net | $122.4M | $160.0M | |
| Operating lease right-of-use assets | $25.5M | $36.5M | |
| Goodwill | $1.5B | $1.5B | $1.5B |
| Intangible assets, net | $396.7M | $472.9M | |
| Equity method investments | $287.7M | $0 | |
| Other assets | $456.6M | $492.8M | |
| Non-current assets of discontinued operations | $0 | $937.2M | |
| Total assets | $7.3B | $5.9B | |
| Accounts payable | $747.0M | $504.3M | |
| Accrued and other current liabilities | $572.9M | $401.5M | |
| Operating lease liabilities, current | $13.9M | $14.5M | |
| Current liabilities of discontinued operations | $0 | $137.1M | |
| Total current liabilities | $1.3B | $1.1B | |
| Long-term debt | $3.5B | $3.5B | |
| Operating lease liabilities, non-current | $17.8M | $31.1M | |
| Other non-current liabilities | $260.4M | $180.5M | |
| Non-current liabilities of discontinued operations | $0 | $1.4M | |
| Total liabilities | $5.1B | $4.8B | |
| Preferred stock, $0.00003 par value100,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | |
| Class A, Class B, and Class C Common Stock, $0.00003 par value1,850,000 (Class A 1,500,000, Class B 200,000, Class C 150,000) shares authorized, 338,313 (Class A 307,955, Class B 30,358, Class C nil) and 340,042 (Class A 309,353, Class B 30,689, Class C nil) shares issued and outstanding as of December 31, 2025 and 2024, respectively | $11.0K | $11.0K | |
| Additional paid-in capital | $446.6M | $593.7M | |
| Accumulated other comprehensive loss | -$47.0M | -$103.1M | |
| Retained earnings | $1.7B | $599.2M | |
| Total stockholders equity | $2.1B | $1.1B | $1.3B |
| Total liabilities and stockholders equity | $7.3B | $5.9B | |
| Preferred stock, par value per share (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 100.0M shares | 100.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | |
| Common stock, par or stated value per share (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 1.9B shares | 1.9B shares | |
| Common stock, shares issued (in shares) | 338.3M shares | 340.0M shares | |
| Common stock, shares outstanding (in shares) | 338.3M shares | 340.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $3.3B | $1.6B | $356.7M |
| Amortization, depreciation and write-offs | $194.8M | $448.7M | $489.0M |
| Goodwill impairment | $188.9M | $0 | $0 |
| Stock-based compensation, excluding cash-settled awards | $210.4M | $369.4M | $363.1M |
| Gain on divestiture, net of transaction costs | -$106.2M | $0 | $0 |
| Impairment of investments | $50.0M | $0 | $28.0M |
| Loss on settlement of debt | $0 | $28.4M | $4.3M |
| Change in operating right-of-use assets | $12.3M | $12.7M | $17.8M |
| Other | $9.2M | $9.7M | $11.2M |
| Accounts receivable | -$542.2M | -$467.0M | -$261.3M |
| Prepaid expenses and other assets | $134.7M | -$185.3M | -$134.0M |
| Accounts payable | $232.5M | $189.6M | $98.6M |
| Operating lease liabilities | -$15.2M | -$14.1M | -$18.6M |
| Accrued and other liabilities | $268.2M | $127.3M | $106.6M |
| Net cash provided by operating activities | $4.0B | $2.1B | $1.1B |
| Purchase of intangible assets | -$28.3M | -$25.6M | -$63.9M |
| Purchase of non-marketable equity securities | -$20.2M | -$77.0M | -$17.9M |
| Proceeds from divestiture, net of cash divested | $407.3M | $0 | $0 |
| Other investing activities | -$373.0K | -$4.2M | $4.0M |
| Net cash provided by (used in) investing activities | $358.4M | -$106.8M | -$77.8M |
| Repurchases of common stock | -$2.2B | -$981.3M | -$1.2B |
| Payments of withholding taxes related to net share settlement | -$392.4M | -$1.1B | -$246.4M |
| Principal repayments of debt | -$200.0M | -$4.2B | -$498.0M |
| Payments of deferred acquisition costs | $0 | $0 | -$33.9M |
| Principal payments of finance leases | -$18.7M | -$20.9M | -$20.2M |
| Payments of licensed asset obligation | -$13.5M | $0 | -$27.1M |
| Payments of debt issuance cost | -$1.8M | -$35.6M | -$4.7M |
| Proceeds from issuance of debt | $200.0M | $4.6B | $395.3M |
| Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares | $25.3M | $41.8M | $25.8M |
| Net cash used in financing activities | -$2.6B | -$1.7B | -$1.6B |
| Effect of foreign exchange rate on cash and cash equivalents | $9.2M | -$3.2M | $778.0K |
| Net increase in cash and cash equivalents, including cash classified within current assets of discontinued operations | $1.7B | $239.3M | -$578.3M |
| Less: net decrease in cash classified within current assets of discontinued operations | -$44.4M | $0 | $0 |
| Net (decrease) increase in cash and cash equivalents | $1.8B | $239.3M | -$578.3M |
| Non-cash consideration received from divestiture | $285.0M | $0 | $0 |
| Right-of-use assets obtained in exchange for lease obligations, net of modifications | -$28.6M | $26.3M | $119.9M |
| Accrued withholding taxes related to net share settlement of restricted stock units | $0 | $8.6M | $0 |
| Cash paid for income taxes, net of refunds | $194.8M | $67.3M | $75.4M |
| Cash paid for interest | $198.8M | $270.6M | $248.8M |
Timeline
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataApplicad on Wikidata
- 2SEC EDGARApplicad 10-K for fiscal 2025
- 3SEC EDGARApplicad 10-K for fiscal 2019
- 4SEC EDGARApplicad 10-K for fiscal 2020
- 5SEC EDGARApplicad 10-K for fiscal 2021
- 6SEC EDGARApplicad 10-K for fiscal 2022
- 7SEC EDGARApplicad 10-Q for fiscal 2025
- 8SEC EDGARApplicad 10-Q for fiscal 2025
- 9SEC EDGARApplicad 10-Q for fiscal 2026
- 10SEC EDGARApplicad 10-Q for fiscal 2025