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Side-by-side financial comparison of AppLovin Corp (APP) and monday.com Ltd. (MNDY), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
AppLovin Corp is the larger business by last-quarter revenue ($1.3B vs $704.0M, roughly 1.9× monday.com Ltd.). AppLovin Corp runs the higher net margin — 82.7% vs 1.3%, a 81.4% gap on every dollar of revenue.
AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California. Founded in 2012, the company helps developers market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms, SSP MAX; DSP AppDiscovery; and SparkLabs creative studio. The company also invests in various mobile game publishers.
Monday.com Ltd. is an Israeli-based cloud-based platform that allows users to create their own applications and project management software. The product was launched in 2014 and in July 2019, the company raised $150 million, based on a $1.9 billion valuation. The company went public in June 2021 and is based in Tel Aviv, Israel.
APP vs MNDY — Head-to-Head
Income Statement — Q4 2025 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $704.0M |
| Net Profit | $1.1B | $9.4M |
| Gross Margin | 95.2% | 89.6% |
| Operating Margin | — | -4.4% |
| Net Margin | 82.7% | 1.3% |
| Revenue YoY | -2.9% | — |
| Net Profit YoY | 84.0% | — |
| EPS (diluted) | $3.24 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $704.0M | ||
| Q2 25 | $1.3B | $453.0M | ||
| Q1 25 | $1.5B | $216.9M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.2B | $527.1M | ||
| Q2 24 | $1.1B | $337.9M | ||
| Q1 24 | $1.1B | $162.3M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $835.5M | $9.4M | ||
| Q2 25 | $819.5M | $21.4M | ||
| Q1 25 | $576.4M | $7.1M | ||
| Q4 24 | $599.2M | — | ||
| Q3 24 | $434.4M | $-14.2M | ||
| Q2 24 | $310.0M | $-21.7M | ||
| Q1 24 | $236.2M | $-14.7M |
| Q4 25 | 95.2% | — | ||
| Q3 25 | 87.6% | 89.6% | ||
| Q2 25 | 87.7% | 89.6% | ||
| Q1 25 | 81.7% | 89.2% | ||
| Q4 24 | 76.7% | — | ||
| Q3 24 | 77.5% | 89.0% | ||
| Q2 24 | 73.8% | 89.2% | ||
| Q1 24 | 72.2% | 89.5% |
| Q4 25 | — | — | ||
| Q3 25 | 76.8% | -4.4% | ||
| Q2 25 | 76.1% | -0.7% | ||
| Q1 25 | 44.7% | -2.3% | ||
| Q4 24 | 44.3% | — | ||
| Q3 24 | 44.6% | -7.1% | ||
| Q2 24 | 36.2% | -10.3% | ||
| Q1 24 | 32.1% | -14.0% |
| Q4 25 | 82.7% | — | ||
| Q3 25 | 59.5% | 1.3% | ||
| Q2 25 | 65.1% | 4.7% | ||
| Q1 25 | 38.8% | 3.3% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 36.3% | -2.7% | ||
| Q2 24 | 28.7% | -6.4% | ||
| Q1 24 | 22.3% | -9.0% |
| Q4 25 | $3.24 | — | ||
| Q3 25 | $2.45 | — | ||
| Q2 25 | $2.39 | — | ||
| Q1 25 | $1.67 | — | ||
| Q4 24 | $1.72 | — | ||
| Q3 24 | $1.25 | — | ||
| Q2 24 | $0.89 | — | ||
| Q1 24 | $0.67 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $1.4B |
| Total DebtLower is stronger | $3.5B | — |
| Stockholders' EquityBook value | $2.1B | $1.0B |
| Total Assets | $7.3B | $1.7B |
| Debt / EquityLower = less leverage | 1.65× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $2.5B | — | ||
| Q3 25 | $1.7B | $1.4B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $551.0M | $1.4B | ||
| Q4 24 | $741.4M | — | ||
| Q3 24 | $567.6M | $1.1B | ||
| Q2 24 | $460.4M | $1.3B | ||
| Q1 24 | $436.3M | $1.1B |
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $575.4M | $1.0B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $938.2M | $813.5M | ||
| Q2 24 | $814.8M | $910.1M | ||
| Q1 24 | $760.2M | $813.5M |
| Q4 25 | $7.3B | — | ||
| Q3 25 | $6.3B | $1.7B | ||
| Q2 25 | $6.0B | $2.0B | ||
| Q1 25 | $5.7B | $1.7B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $5.4B | $1.3B | ||
| Q2 24 | $5.3B | $1.5B | ||
| Q1 24 | $5.3B | $1.3B |
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $234.4M |
| Free Cash FlowOCF − Capex | — | $224.6M |
| FCF MarginFCF / Revenue | — | 31.9% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 1.4% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 1.19× | 25.02× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.3M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $234.4M | ||
| Q2 25 | $772.2M | $147.7M | ||
| Q1 25 | $831.7M | $92.0M | ||
| Q4 24 | $701.0M | — | ||
| Q3 24 | $550.7M | $156.9M | ||
| Q2 24 | $454.5M | $90.3M | ||
| Q1 24 | $392.8M | $42.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | $224.6M | ||
| Q2 25 | — | $141.8M | ||
| Q1 25 | — | $90.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $151.4M | ||
| Q2 24 | — | $85.6M | ||
| Q1 24 | — | $39.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 24.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.26× | 25.02× | ||
| Q2 25 | 0.94× | 6.91× | ||
| Q1 25 | 1.44× | 12.99× | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.66× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
