Symbols / APP Stock $443.99 -4.54% AppLovin Corporation

Communication Services • Advertising Agencies • United States • NMS
APP (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Communication Services
Industry Advertising Agencies
CEO Mr. Adam Arash Foroughi
Exch · Country NMS · United States
Market Cap 149.15B
Enterprise Value 157.29B
Income 3.91B
Sales 6.16B
FCF (ttm) 3.18B
Book/sh 7.03
Cash/sh 8.21
Employees 876
Insider 10d —
IPO Apr 15, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 38.68
Forward P/E 20.25
PEG 1.28
P/S 24.20
P/B 63.17
P/C —
EV/EBITDA 32.28
EV/Sales 25.52
Quick Ratio 3.16
Current Ratio 3.24
Debt/Eq 162.89
LT Debt/Eq —
EPS (ttm) 11.48
EPS next Y 21.93
EPS Growth 113.10%
Revenue Growth 59.00%
EPS Gr Q/Q 109.20%
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-06
ROA 44.24%
ROE 266.44%
ROIC —
Gross Margin 88.37%
Oper. Margin 78.15%
Profit Margin 64.29%
Shs Outstand 305.73M
Shs Float 242.41M
Insider Own 18.30%
Instit Own 75.03%
Short Float 4.39%
Short Ratio 2.49
Short Interest 12.83M
52W High 745.61
vs 52W High -40.45%
52W Low 325.58
vs 52W Low 36.37%
Beta 2.46
Impl. Vol. 69.64%
Rel Volume 0.54
Avg Volume 4.91M
Volume 2.63M
Target (mean) $650.30
Tgt Median $660.00
Tgt Low $406.00
Tgt High $860.00
# Analysts 30
Recom Strong_buy
Prev Close $465.13
Price $443.99
Change -4.54%
About

AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$650.30
Mean price target
2. Current target
$443.99
Latest analyst target
3. DCF / Fair value
$187.23
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$443.99
Low
$406.00
High
$860.00
Mean
$650.30

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-01 main Citigroup Buy → Buy $710
2026-05-28 reit Needham Buy → Buy $700
2026-05-07 main Macquarie Outperform → Outperform $730
2026-05-07 main UBS Buy → Buy $750
2026-05-07 main JP Morgan Neutral → Neutral $515
2026-05-07 reit Wedbush Outperform → Outperform $640
2026-05-07 main Wells Fargo Overweight → Overweight $571
2026-05-07 main Piper Sandler Overweight → Overweight $665
2026-05-07 reit Needham Buy → Buy $700
2026-05-07 reit BTIG Buy → Buy $640
2026-05-05 main UBS Buy → Buy $716
2026-04-14 init Argus Research — → Buy $520
2026-04-06 main Wells Fargo Overweight → Overweight $560
2026-03-11 reit Needham Buy → Buy $700
2026-03-05 main Oppenheimer Outperform → Outperform $660
2026-02-12 main Jefferies Buy → Buy $700
2026-02-12 main Citigroup Buy → Buy $710
2026-02-12 main UBS Buy → Buy $740
2026-02-12 reit RBC Capital Outperform → Outperform $700
2026-02-12 main Goldman Sachs Neutral → Neutral $585
News
RSS: Latest APP news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-16 VIVAS EDUARDO Director — 163,910 $494.84 $82,620,804
2026-06-12 FOROUGHI ARASH ADAM Chief Executive Officer — 52,165 $473.92 $25,307,532
2026-06-12 FOROUGHI ARASH ADAM Chief Executive Officer — 22,544 $489.94 $11,158,868
2026-06-11 FOROUGHI ARASH ADAM Chief Executive Officer — 29,457 $473.55 $14,605,504
2026-06-10 FOROUGHI ARASH ADAM Chief Executive Officer — 16,667 $0.00 $0
2026-06-05 WEBB MAYNARD GEORGE JR Director — 3,076 $577.83 $1,790,365
2026-06-04 VALENZUELA VICTORIA Officer — 20,000 $555.63 $11,317,856
2026-06-03 WEBB MAYNARD GEORGE JR Director — 525 $0.00 $0
2026-06-03 CHEN HERALD Y Director — 525 $0.00 $0
2026-06-03 GEORGIADIS MARY MARGARET HASTINGS Director — 525 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
5,480.72
+69.99%
3,224.06
+75.05%
1,841.76
-34.62%
2,817.06
Operating Revenue
5,480.72
+69.99%
3,224.06
+75.05%
1,841.76
-34.62%
2,817.06
Cost Of Revenue
665.14
+27.76%
520.61
+45.99%
356.61
-71.61%
1,256.07
Reconciled Cost Of Revenue
665.14
+27.76%
520.61
+45.99%
356.61
-71.61%
1,256.07
Gross Profit
4,815.58
+78.13%
2,703.45
+82.03%
1,485.15
-4.86%
1,560.99
Operating Expense
663.66
-16.26%
792.49
+11.19%
712.74
-55.70%
1,608.78
Research And Development
226.51
-39.55%
374.71
+12.26%
333.78
-34.24%
507.61
Selling General And Administration
437.15
+4.64%
417.78
+10.24%
378.96
-65.59%
1,101.18
Selling And Marketing Expense
203.65
-19.46%
252.86
+10.89%
228.03
-75.20%
919.55
General And Administrative Expense
233.50
+41.59%
164.92
+9.27%
150.93
-16.90%
181.63
Other Gand A
233.50
+41.59%
164.92
+9.27%
150.93
-16.90%
181.63
Total Expenses
1,328.80
+1.20%
1,313.10
+22.79%
1,069.35
-62.67%
2,864.85
Operating Income
4,151.91
+117.27%
1,910.96
+147.40%
772.41
+1716.23%
-47.79
Total Operating Income As Reported
4,151.91
+117.27%
1,910.96
+147.40%
772.41
+1716.23%
-47.79
EBITDA
4,354.70
+83.14%
2,377.83
+88.10%
1,264.12
+146.05%
513.77
Normalized EBITDA
4,354.70
+83.14%
2,377.83
+88.10%
1,264.12
+146.05%
513.77
Reconciled Depreciation
194.78
-56.59%
448.68
-8.25%
489.01
-10.62%
547.08
EBIT
4,159.93
+115.63%
1,929.15
+148.89%
775.11
+2426.68%
-33.31
Total Unusual Items
—
—
—
0.00
Total Unusual Items Excluding Goodwill
—
—
—
0.00
Special Income Charges
—
—
—
0.00
Restructuring And Mergern Acquisition
—
—
—
0.00
Net Income
3,333.76
+111.03%
1,579.79
+342.26%
357.21
+285.33%
-192.75
Pretax Income
3,952.91
+145.23%
1,611.94
+221.36%
501.60
+344.47%
-205.18
Net Non Operating Interest Income Expense
-207.02
+34.74%
-317.21
-15.98%
-273.51
-59.14%
-171.86
Interest Expense Non Operating
207.02
-34.74%
317.21
+15.98%
273.51
+59.14%
171.86
Net Interest Income
-207.02
+34.74%
-317.21
-15.98%
-273.51
-59.14%
-171.86
Interest Expense
207.02
-34.74%
317.21
+15.98%
273.51
+59.14%
171.86
Other Income Expense
8.01
-55.97%
18.20
+574.18%
2.70
-81.36%
14.48
Other Non Operating Income Expenses
8.01
-55.97%
18.20
+574.18%
2.70
-81.36%
14.48
Tax Provision
519.72
+2218.19%
22.42
-48.79%
43.78
+457.94%
-12.23
Tax Rate For Calcs
0.00
+845.33%
0.00
-84.06%
0.00
+46.41%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
3,333.76
+111.03%
1,579.79
+342.26%
357.21
+285.13%
-192.95
Net Income From Continuing Operation Net Minority Interest
3,433.20
+115.99%
1,589.52
+247.19%
457.83
+337.53%
-192.75
Net Income From Continuing And Discontinued Operation
3,333.76
+111.03%
1,579.79
+342.26%
357.21
+285.33%
-192.75
Net Income Continuous Operations
3,433.20
+115.99%
1,589.52
+247.19%
457.83
+337.28%
-192.95
Net Income Discontinuous Operations
-99.43
-921.48%
-9.73
+90.33%
-100.61
—
Minority Interests
—
0.00
0.00
-100.00%
0.20
Normalized Income
3,433.20
+115.99%
1,589.52
+247.19%
457.83
+337.53%
-192.75
Net Income Common Stockholders
3,333.29
+111.36%
1,577.06
+344.32%
354.94
+284.15%
-192.75
Otherunder Preferred Stock Dividend
0.48
-82.50%
2.73
+20.31%
2.27
0.00
Diluted EPS
9.75
+115.23%
4.53
+362.24%
0.98
+288.46%
-0.52
Basic EPS
9.84
+110.26%
4.68
+363.37%
1.01
+294.23%
-0.52
Basic Average Shares
338.78
+0.55%
336.92
-4.27%
351.95
-5.28%
371.57
Diluted Average Shares
341.97
-1.68%
347.81
-4.08%
362.59
-2.42%
371.57
Diluted NI Availto Com Stockholders
3,333.29
+111.35%
1,577.14
+344.27%
354.99
+284.18%
-192.75
Average Dilution Earnings
0.00
-95.29%
0.09
+63.46%
0.05
0.00
Line Item Trend 2023-12-31
Total Assets
5,359.19
Current Assets
1,616.16
Cash Cash Equivalents And Short Term Investments
502.15
Cash And Cash Equivalents
502.15
Receivables
953.81
Accounts Receivable
953.81
Prepaid Assets
—
Restricted Cash
—
Assets Held For Sale Current
—
Other Current Assets
160.20
Total Non Current Assets
3,743.02
Net PPE
221.54
Gross PPE
293.55
Accumulated Depreciation
-72.01
Properties
0.00
Buildings And Improvements
—
Machinery Furniture Equipment
11.29
Other Properties
264.70
Leases
17.55
Goodwill And Other Intangible Assets
3,135.49
Goodwill
1,842.85
Other Intangible Assets
1,292.63
Investments And Advances
—
Long Term Equity Investment
—
Other Non Current Assets
386.00
Total Liabilities Net Minority Interest
4,102.86
Current Liabilities
944.12
Payables And Accrued Expenses
588.70
Payables
513.56
Accounts Payable
371.70
Current Accrued Expenses
75.14
Pensionand Other Post Retirement Benefit Plans Current
48.26
Total Tax Payable
141.85
Current Debt And Capital Lease Obligation
228.60
Current Debt
215.00
Other Current Borrowings
215.00
Current Capital Lease Obligation
13.61
Current Deferred Liabilities
78.56
Current Deferred Revenue
78.56
Other Current Liabilities
13.05
Total Non Current Liabilities Net Minority Interest
3,158.74
Liabilities Heldfor Sale Non Current
—
Long Term Debt And Capital Lease Obligation
2,948.81
Long Term Debt
2,905.91
Long Term Capital Lease Obligation
42.91
Other Non Current Liabilities
209.93
Preferred Securities Outside Stock Equity
—
Stockholders Equity
1,256.33
Common Stock Equity
1,256.33
Capital Stock
0.01
Common Stock
0.01
Preferred Stock
0.00
Share Issued
339.89
Ordinary Shares Number
339.89
Treasury Shares Number
0.00
Additional Paid In Capital
2,134.58
Retained Earnings
-812.99
Gains Losses Not Affecting Retained Earnings
-65.27
Minority Interest
0.00
Other Equity Adjustments
-65.27
Total Equity Gross Minority Interest
1,256.33
Total Capitalization
4,162.23
Working Capital
672.04
Invested Capital
4,377.23
Total Debt
3,177.42
Net Debt
2,618.75
Capital Lease Obligations
56.51
Net Tangible Assets
-1,879.16
Tangible Book Value
-1,879.16
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
3,971.09
+89.19%
2,099.01
+97.74%
1,061.51
+157.17%
412.77
Cash Flow From Continuing Operating Activities
3,971.09
+89.19%
2,099.01
+97.74%
1,061.51
+157.17%
412.77
Net Income From Continuing Operations
3,333.75
+111.03%
1,579.78
+342.87%
356.71
+284.88%
-192.95
Depreciation Amortization Depletion
194.78
-56.59%
448.68
-8.25%
489.01
-10.62%
547.08
Amortization Cash Flow
194.78
-56.59%
448.68
-8.25%
489.01
-10.62%
547.08
Depreciation And Amortization
194.78
-56.59%
448.68
-8.25%
489.01
-10.62%
547.08
Amortization Of Intangibles
194.78
-56.59%
448.68
-8.25%
489.01
-10.62%
547.08
Other Non Cash Items
21.51
-3.78%
22.35
-23.10%
29.07
-7.93%
31.57
Stock Based Compensation
210.42
-43.03%
369.37
+1.72%
363.11
+89.50%
191.61
Asset Impairment Charge
238.94
0.00
-100.00%
27.95
0.00
Operating Gains Losses
-106.23
-474.38%
28.38
+554.25%
4.34
-96.61%
127.89
Unrealized Gain Loss On Investment Securities
—
—
—
—
Net Foreign Currency Exchange Gain Loss
—
—
—
—
Gain Loss On Sale Of PPE
—
1.65
0.00
-100.00%
127.89
Change In Working Capital
77.92
+122.29%
-349.54
-67.50%
-208.67
+28.64%
-292.44
Change In Receivables
-542.22
-16.10%
-467.03
-78.75%
-261.28
-49.45%
-174.83
Changes In Account Receivables
-542.22
-16.10%
-467.03
-78.75%
-261.28
-49.45%
-174.83
Change In Prepaid Assets
134.66
+172.66%
-185.33
-38.34%
-133.97
-3496.46%
-3.73
Change In Payables And Accrued Expense
500.71
+57.99%
316.93
+54.46%
205.19
+7095.74%
-2.93
Change In Accrued Expense
268.23
+110.64%
127.34
+19.44%
106.61
+1762.68%
-6.41
Change In Payable
232.49
+22.63%
189.59
+92.33%
98.57
+2733.40%
3.48
Change In Account Payable
232.49
+22.63%
189.59
+92.33%
98.57
+2733.40%
3.48
Change In Other Working Capital
—
-6.63
-147.87%
13.86
+194.19%
-14.71
Change In Other Current Assets
—
-189.39
-55.63%
-121.69
-57.34%
-77.34
Change In Other Current Liabilities
-15.23
-7.96%
-14.11
+24.21%
-18.61
+1.51%
-18.90
Investing Cash Flow
358.43
+435.75%
-106.75
-37.16%
-77.83
+94.33%
-1,371.47
Cash Flow From Continuing Investing Activities
358.43
+435.75%
-106.75
-37.16%
-77.83
+94.33%
-1,371.47
Net PPE Purchase And Sale
—
-4.78
-12.48%
-4.25
-541.39%
-0.66
Purchase Of PPE
—
-4.78
-12.48%
-4.25
-541.39%
-0.66
Sale Of PPE
—
—
—
37.00
Capital Expenditure
-28.32
-10.82%
-25.55
+60.01%
-63.90
-9552.42%
-0.66
Capital Expenditure Reported
—
—
—
-5.95
Net Investment Purchase And Sale
-20.18
+73.79%
-76.98
-329.26%
-17.93
+72.97%
-66.34
Purchase Of Investment
-20.18
+73.79%
-76.98
-329.26%
-17.93
+72.97%
-66.34
Net Business Purchase And Sale
407.30
0.00
0.00
+100.00%
-1,345.78
Purchase Of Business
—
-25.55
+60.01%
-63.90
+95.25%
-1,345.78
Gain Loss On Sale Of Business
-106.23
0.00
0.00
—
Net Intangibles Purchase And Sale
-28.32
-10.82%
-25.55
+60.01%
-63.90
—
Purchase Of Intangibles
-28.32
-10.82%
-25.55
+60.01%
-63.90
—
Net Other Investing Changes
-0.37
+91.16%
-4.22
-205.34%
4.00
-90.31%
41.31
Financing Cash Flow
-2,593.07
-48.19%
-1,749.84
-11.97%
-1,562.79
-196.63%
-526.85
Cash Flow From Continuing Financing Activities
-2,593.07
-48.19%
-1,749.84
-11.97%
-1,562.79
-196.63%
-526.85
Net Issuance Payments Of Debt
-18.67
-105.06%
368.74
+400.08%
-122.88
-146.29%
-49.89
Issuance Of Debt
200.00
-95.67%
4,614.84
+1067.48%
395.28
0.00
Repayment Of Debt
-218.67
+94.85%
-4,246.10
-719.45%
-518.16
-938.55%
-49.89
Long Term Debt Issuance
200.00
-95.67%
4,614.84
+1067.48%
395.28
0.00
Long Term Debt Payments
-218.67
+94.85%
-4,246.10
-719.45%
-518.16
-938.55%
-49.89
Net Long Term Debt Issuance
-18.67
-105.06%
368.74
+400.08%
-122.88
-146.29%
-49.89
Net Common Stock Issuance
-2,191.94
-123.37%
-981.30
+14.94%
-1,153.59
-240.41%
-338.88
Common Stock Payments
-2,191.94
-123.37%
-981.30
+14.94%
-1,153.59
-240.41%
-338.88
Repurchase Of Capital Stock
-2,191.94
-123.37%
-981.30
+14.94%
-1,153.59
-240.41%
-338.88
Proceeds From Stock Option Exercised
25.33
-39.40%
41.80
+62.08%
25.79
-16.86%
31.02
Net Other Financing Charges
-407.79
+65.42%
-1,179.09
-277.79%
-312.10
-84.57%
-169.09
Changes In Cash
1,780.83
+634.63%
242.41
+141.86%
-579.11
+61.02%
-1,485.54
Effect Of Exchange Rate Changes
9.23
+392.71%
-3.15
-505.40%
0.78
+117.38%
-4.48
Beginning Cash Position
697.03
+38.81%
502.15
-53.53%
1,080.48
-57.97%
2,570.50
End Cash Position
2,487.10
+235.45%
741.41
+47.65%
502.15
-53.53%
1,080.48
Free Cash Flow
3,942.78
+90.15%
2,073.46
+107.84%
997.61
+142.07%
412.11
Interest Paid Supplemental Data
198.79
-26.54%
270.62
+8.76%
248.83
+49.93%
165.96
Income Tax Paid Supplemental Data
194.84
+189.38%
67.33
-10.74%
75.43
-12.56%
86.26
Common Stock Issuance
—
—
0.00
0.00
Issuance Of Capital Stock
—
—
0.00
0.00
Sale Of Business
407.30
0.00
0.00
—
Cash Flow From Discontinued Operation
44.38
0.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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