AppLovin Corporation APP NDXSPXR3KAI
Company Overview
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.
Why Investors Should Care
Return on capital employed stands at 70.1%.
Net profit has compounded at 94.7% per year over the last five years.
Revenue has grown at a 40.7% CAGR over the past five years.
Maintains a net profit margin of 64.6%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $5.48B (+70.0% YoY); net profit $3.33B.
- Trailing 12 Months Year-on-year growth — revenue +52.8%, earnings +57.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 40.7%, profit CAGR 94.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 40.70% |
| 1 Year: | 52.80% |
Compounded Profit Growth
| 5 Years: | 94.74% |
| 1 Year: | 57.00% |
Stock Price Performance
| 1 Year: | -28.19% |
| 6 Months: | -36.16% |
| 3 Months: | -42.47% |
| 1 Month: | -4.50% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
AXON 2.0 ML ad-targeting engine drove dramatic monetization uplift; e-commerce expansion.
- AXON AI advertising engine AppLovin's AXON machine-learning engine powers its mobile-advertising recommendation and bidding — the core driver of its surging, high-margin ad revenue.
- AI-driven ad optimisation Continuous model improvement lifts advertiser ROI and AppLovin's take-rate, with expansion into e-commerce advertising.
- Self-service AI ad tools AXON Ads Manager automates campaign creation, optimisation and management for advertisers.
- AI is the product — AXON drives exceptional profitability (net margin ~64%, operating margin ~78%).
- Explosive ~6x five-year profit growth and strong free cash flow.
- Expansion beyond gaming into e-commerce ads is a large optionality leg.
- Very high beta (~2.5) and rich valuation; reliance on the AXON model is concentration risk.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 70.1%.
- Excellent profit margin of 64.6%.
- Compounding revenue at 40.7% over 5 years.
- Profit CAGR of 94.7% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 56.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | APP AppLovin Corporation NDXSPXR3KAI | 320.56 | 24.62 | $97.59B | 0.00% | 70.06% | - | 40.70% | 94.74% |
| 2 | GOOGL Alphabet Inc. NDXSPXR3KAITECH | 338.46 | 16.98 | $1.99T | 0.25% | 26.20% | 48.68% | 17.96% | 21.53% |
| 3 | META Meta Platforms, Inc. NDXSPXR3KAITECH | 616.77 | 23.23 | $1.36T | 0.36% | 25.69% | 29.85% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXR3KAI | 78.25 | 24.61 | $325.83B | 0.00% | 29.87% | 49.54% | 22.30% | 32.79% |
| 5 | VZ Verizon Communications Inc. SPXR3K | 50.35 | 13.11 | $209.19B | 6.02% | 8.56% | 15.84% | 2.33% | 6.90% |
| 6 | TMUS T-Mobile US, Inc. NDXSPXR3K | 183.36 | 19.18 | $196.69B | 2.27% | 9.39% | 17.99% | 22.63% | 28.77% |
| 7 | DIS The Walt Disney Company SPXR3K | 105.31 | 21.71 | $181.84B | 1.43% | 10.74% | 8.01% | 6.96% | 4.12% |
| 8 | T AT&T Inc. SPXR3K | 25.68 | 8.45 | $175.97B | 4.68% | 6.59% | 18.34% | 0.31% | 3.44% |
| 9 | SPOT Spotify Technology S.A. R3KAITECH | 542.43 | 29.58 | $111.53B | 0.00% | 24.61% | 44.48% | 13.59% | - |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 260.18M | 299.33M | 381.74M | 603.88M | 668.81M | 726.95M | 625.42M | 776.23M | 713.10M | 715.40M | 750.16M | 864.26M | 1.06B | 711.01M | - | 1.16B | 1.26B | 1.41B | 1.66B | 1.84B | 1.92B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 151.68M | 155.08M | 174.85M | 183.53M | 203.63M | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01B | 1.10B | 1.23B | 1.47B | 1.64B | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 167.31M | 146.00M | 151.18M | 199.17M | 198.88M | - |
| Operating Income | 25.14M | -6.76M | -75.46M | 11.46M | 34.98M | 45.05M | -127.99M | 53.35M | 49.27M | 61.05M | 131.33M | 186.32M | 339.56M | 384.42M | - | 839.98M | 957.68M | 1.08B | 1.28B | 1.44B | 1.49B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 927.38M | 982.47M | 1.11B | 1.34B | 1.52B | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 52.89M | 51.41M | 51.43M | 51.29M | 51.16M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 794.61M | 884.00M | 1.02B | 1.25B | 1.43B | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 71.07M | 112.15M | 185.40M | 151.10M | 225.79M | - |
| Net Income | 4.66M | -21.39M | -89.69M | -10.52M | 14.42M | 178.00K | -115.26M | -21.75M | 23.77M | -4.52M | 80.36M | 108.64M | 236.18M | 309.97M | - | 576.42M | 819.53M | 835.54M | 1.10B | 1.21B | 1.27B |
| Diluted EPS | 0.01 | -0.10 | -0.42 | -0.05 | 0.04 | 0.00 | -0.31 | -0.06 | 0.06 | -0.01 | 0.22 | 0.30 | 0.67 | 0.89 | - | 1.67 | 2.39 | 2.45 | 3.24 | 3.56 | 3.76 |
| R&D Expense | 19.11M | 29.70M | 51.14M | 60.88M | 77.46M | 108.52M | 126.25M | 141.11M | 122.06M | 144.85M | 137.42M | 159.29M | 155.32M | 99.12M | 80.78M | 56.41M | 44.03M | 43.85M | - | 94.10M | 99.90M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 994.10M | 1.45B | - | 2.82B | 1.84B | 3.22B | 5.48B |
| Cost of Revenue | - | - | - | 1.26B | 356.61M | 520.61M | 665.14M |
| Gross Profit | - | - | - | 1.56B | 1.49B | 2.70B | 4.82B |
| Operating Expenses | - | - | - | 1.61B | 712.74M | 792.49M | 663.66M |
| Operating Income | 194.37M | -62.04M | - | -47.79M | 772.41M | 1.91B | 4.15B |
| EBITDA | - | - | - | 513.77M | 1.26B | 2.38B | 4.35B |
| Interest Expense | - | - | - | 171.86M | 273.51M | 317.21M | 207.02M |
| Pretax Income | - | - | - | -205.18M | 501.60M | 1.61B | 3.95B |
| Tax Provision | - | - | - | -12.23M | 43.78M | 22.42M | 519.72M |
| Net Income | 119.04M | -125.19M | - | -192.75M | 357.21M | 1.58B | 3.33B |
| Diluted EPS | 0.36 | -0.58 | - | -0.52 | 0.98 | 4.53 | 9.75 |
| R&D Expense | 44.97M | 180.65M | 366.40M | 507.61M | 333.78M | 374.71M | 226.51M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 2.15B | - | 5.85B | 5.36B | 5.87B | 7.26B |
| Current Assets | - | - | - | - | 1.94B | 1.62B | 2.31B | 4.43B |
| Cash & Equivalents | - | - | 317.24M | - | 1.08B | 502.15M | 697.03M | 2.49B |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 702.81M | 953.81M | 1.28B | 1.82B |
| Total Liabilities | - | - | 2.31B | - | 3.95B | 4.10B | 4.78B | 5.12B |
| Current Liabilities | - | - | 598.05M | - | 578.96M | 944.12M | 1.06B | 1.33B |
| Long Term Debt | - | - | 1.58B | - | 3.18B | 2.91B | 3.51B | 3.51B |
| Total Debt | - | - | - | - | 3.28B | 3.18B | 3.55B | 3.54B |
| Total Equity | -378.36M | -256.57M | -158.54M | - | 1.90B | 1.26B | 1.09B | 2.13B |
| Shares Outstanding | - | - | - | - | 373.87M | 339.89M | 340.04M | 338.31M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 198.46M | 222.88M | - | 412.77M | 1.06B | 2.10B | 3.97B |
| Investing Cash Flow | -411.55M | -679.89M | - | -1.37B | -77.83M | -106.75M | 358.43M |
| Financing Cash Flow | 333.16M | 377.86M | - | -526.85M | -1.56B | -1.75B | -2.59B |
| Capital Expenditure | -3.36M | -3.24M | - | -662.00K | -63.90M | -25.55M | -28.32M |
| Free Cash Flow | 195.10M | 219.64M | - | 412.11M | 997.61M | 2.07B | 3.94B |
| Net Change in Cash | - | - | - | -1.49B | -579.11M | 242.41M | 1.78B |
| Share Buybacks | 11.00K | 1.77M | 0 | 338.88M | 1.15B | 981.30M | 2.19B |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 55.4% | 80.6% | 83.9% | 87.9% |
| Operating Margin % | 19.6% | -4.3% | - | -1.7% | 41.9% | 59.3% | 75.8% |
| Net Margin % | 12.0% | -8.6% | - | -6.8% | 19.4% | 49.0% | 60.8% |
| ROE % | -46.4% | 79.0% | - | -10.1% | 28.4% | 145.0% | 156.2% |
| ROCE % | - | -4.0% | - | -0.9% | 17.5% | 39.7% | 70.1% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.90% | 24.04M | $7.64B |
| 2 | Vanguard Capital Management LLC | 5.83% | 17.74M | $5.64B |
| 3 | FMR, LLC | 5.68% | 17.29M | $5.50B |
| 4 | State Street Corporation | 3.98% | 12.10M | $3.85B |
| 5 | Invesco Ltd. | 3.61% | 10.98M | $3.49B |
| 6 | Capital World Investors | 2.68% | 8.15M | $2.59B |
| 7 | Geode Capital Management, LLC | 2.42% | 7.36M | $2.34B |
| 8 | BAILLIE GIFFORD & CO | 2.13% | 6.47M | $2.06B |
| 9 | Vanguard Portfolio Management LLC | 2.09% | 6.35M | $2.02B |
| 10 | Morgan Stanley | 1.90% | 5.79M | $1.84B |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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APP — Frequently Asked Questions
What is the current share price of AppLovin Corporation (APP)?
As of 2026-09-07 16:24 PDT, AppLovin Corporation (APP) trades at $320.56 on NasdaqGS. Its 52-week range is $298.59 to $733.60.
What is the market capitalisation of APP?
AppLovin Corporation (APP) has a market capitalisation of $97.59B on NasdaqGS.
What is the P/E ratio of APP?
APP trades at a trailing price-to-earnings (P/E) ratio of 24.62. The industry average P/E is 19.18. Its price-to-book (P/B) ratio is 54.96.
Is APP a good stock to buy?
This page provides a data-driven analysis of AppLovin Corporation (APP), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.