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AppLovin Corporation logo

AppLovin Corporation

APP

NASDAQTechnologySoftware - Application

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Previous close

$305.77

−$3.00 · -0.97%

Aug 21, 4:00 PM ET

APP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

79

Undervalued

Momentum

48

Neutral

Sentiment

54

Mixed

Risk resilience

35

High Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

AppLovin Corporation provides a specialized software platform focused on empowering mobile application developers to enhance the marketing and revenue generation of their products. With operations spanning the United States and international markets, the company assists mobile app developers worldwide. Among its core software offerings is AppDiscovery, a marketing solution that intelligently connects advertiser demand with publisher supply through an auction-based model. Another key product is Adjust, an analytics platform that enables marketers to scale their mobile apps by offering capabilities for performance measurement, campaign optimization, and user data protection. Additionally, MAX is an in-app bidding software engineered to maximize the value derived from an app's advertising inventory by facilitating real-time competitive auctions. Its client base is broad, serving advertisers, publishers, internet platforms, and other stakeholders. Founded in 2011, the enterprise maintains its headquarters in Palo Alto, California.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Adam Arash Foroughi
Listed since
Apr 15, 2021
Employees
887

Market position

Day range

Current $305.77

52-week range

Current $305.77

Open
$304.05
Previous close
$308.77
Volume
5.49M
0.98× average
Average volume
5.63M
Average daily volume
Market cap
102.72B USD
Beta
2.53
Market reference 1
50-day average
$427.25
-28.43% below average
200-day average
$500.17
-38.87% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
229.34B USD
P/E (TTM)
23.39×
P/B (TTM)
32.54×
P/S (TTM)
15.04×
EV / EBITDA
52.66×
Earnings yield
1.46%
Free cash flow yield
1.73%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
88.46%
Operating margin
77.44%
Net margin
64.58%
Return on equity
156.17%
Return on assets
45.92%
Return on invested capital
60.71%

Financial health

Debt / equity
1.11×
Current ratio
3.32×
Altman Z-score
16.11
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends97%59%22%-16%Gross margin, FY2021: 64.62%Gross margin, FY2022: 55.41%Gross margin, FY2023: 80.64%Gross margin, FY2024: 83.85%Gross margin, FY2025: 87.86%Operating margin, FY2021: 5.37%Operating margin, FY2022: -1.70%Operating margin, FY2023: 41.94%Operating margin, FY2024: 59.27%Operating margin, FY2025: 75.75%Net margin, FY2021: 1.27%Net margin, FY2022: -6.84%Net margin, FY2023: 19.40%Net margin, FY2024: 49.00%Net margin, FY2025: 60.83%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 64.62%. Gross margin FY2022 55.41%. Gross margin FY2023 80.64%. Gross margin FY2024 83.85%. Gross margin FY2025 87.86%. Operating margin FY2021 5.37%. Operating margin FY2022 -1.70%. Operating margin FY2023 41.94%. Operating margin FY2024 59.27%. Operating margin FY2025 75.75%. Net margin FY2021 1.27%. Net margin FY2022 -6.84%. Net margin FY2023 19.40%. Net margin FY2024 49.00%. Net margin FY2025 60.83%.

Income trends

Revenue

5.48B USD+69.99%

Operating income

4.15B USD+117.27%

Net income

3.33B USD+111.03%
Income trends across reported periods6.05B USD3.78B USD1.51B USD−760.09M USDRevenue, FY2021: 2.79B USDRevenue, FY2022: 2.82B USDRevenue, FY2023: 1.84B USDRevenue, FY2024: 3.22B USDRevenue, FY2025: 5.48B USDOperating income, FY2021: 150.02M USDOperating income, FY2022: −47.79M USDOperating income, FY2023: 772.41M USDOperating income, FY2024: 1.91B USDOperating income, FY2025: 4.15B USDNet income, FY2021: 35.45M USDNet income, FY2022: −192.75M USDNet income, FY2023: 357.21M USDNet income, FY2024: 1.58B USDNet income, FY2025: 3.33B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.79B USD. Revenue FY2022 2.82B USD. Revenue FY2023 1.84B USD. Revenue FY2024 3.22B USD. Revenue FY2025 5.48B USD. Operating income FY2021 150.02M USD. Operating income FY2022 −47.79M USD. Operating income FY2023 772.41M USD. Operating income FY2024 1.91B USD. Operating income FY2025 4.15B USD. Net income FY2021 35.45M USD. Net income FY2022 −192.75M USD. Net income FY2023 357.21M USD. Net income FY2024 1.58B USD. Net income FY2025 3.33B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue5.48B USD3.22B USD1.84B USD2.82B USD2.79B USD
Cost of goods sold665.14M USD520.61M USD356.61M USD1.26B USD988.1M USD
Gross profit4.82B USD2.7B USD1.49B USD1.56B USD1.81B USD
Research and development226.51M USD374.71M USD333.78M USD507.61M USD366.4M USD
Selling, general, and administrative437.15M USD417.78M USD378.96M USD1.1B USD1.29B USD
Operating expenses663.66M USD792.49M USD712.74M USD1.61B USD1.65B USD
Interest expense207.02M USD317.21M USD273.51M USD171.86M USD103.17M USD
Depreciation and amortization194.78M USD448.68M USD489.01M USD547.08M USD431.06M USD
Operating income4.15B USD1.91B USD772.41M USD−47.79M USD150.02M USD
Net income3.33B USD1.58B USD357.21M USD−192.75M USD35.45M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 0 misses, 1 met estimate
Average EPS surprise
+19.57%
11 comparable reports
Latest EPS result
3.76
Estimate 3.76 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.283.172.060.95Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MetQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 1.73, estimate 1.12, surprise +54.46%, Beat. Q2 2025, reported May 7, 2025: actual 1.67, estimate 1.44, surprise +15.97%, Beat. Q3 2025, reported Aug 6, 2025: actual 2.26, estimate 1.96, surprise +15.31%, Beat. Q4 2025, reported Nov 5, 2025: actual 2.45, estimate 2.38, surprise +2.94%, Beat. Q1 2026, reported Feb 11, 2026: actual 3.24, estimate 2.95, surprise +9.83%, Beat. Q2 2026, reported May 6, 2026: actual 3.56, estimate 3.4, surprise +4.71%, Beat. Q3 2026, reported Aug 5, 2026: actual 3.76, estimate 3.76, surprise 0.00%, Met estimate. Q4 2026, reported Nov 4, 2026: actual —, estimate 4.05, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.16B1.82B1.48B1.14BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 1.37B USD, estimate 1.26B USD, surprise +8.82%, Beat. Q2 2025, reported May 7, 2025: actual 1.48B USD, estimate 1.38B USD, surprise +7.46%, Beat. Q3 2025, reported Aug 6, 2025: actual 1.26B USD, estimate 1.22B USD, surprise +2.81%, Beat. Q4 2025, reported Nov 5, 2025: actual 1.41B USD, estimate 1.34B USD, surprise +4.68%, Beat. Q1 2026, reported Feb 11, 2026: actual 1.66B USD, estimate 1.61B USD, surprise +2.84%, Beat. Q2 2026, reported May 6, 2026: actual 1.84B USD, estimate 1.77B USD, surprise +3.87%, Beat. Q3 2026, reported Aug 5, 2026: actual 1.92B USD, estimate 1.94B USD, surprise -0.94%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 2.07B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$528.87

72.96% upside
Past 12 months12-month forecastHigh $790Average $528.87Low $325

Rating distribution

26 ratings
Strong buy00%
Buy2077%
Hold519%
Sell14%
Strong sell00%

Recent analyst actions

12 institutions

APP news

zacks.com

Can Shopify Integration Drive AppLovin's Next Growth Wave?

APP's Shopify push could sharpen AXON with transaction data, expand merchant adoption and fuel an e-commerce growth flywheel in late 2026.

Read source
invezz.com

Piper Sandler cautions against buying the dip in AppLovin stock

AppLovin (APP) shares opened lower on August 21st after a senior Piper Sandler analyst – James Callahan – issued a dovish note in favor of the mobile technology company. Callahan maintained his Neutral rating on APP this…

Read source
proactiveinvestors.com

AppLovin sentiment turns negative as bull case grows harder to find, Jefferies says

AppLovin Corp (NASDAQ:APP) faces a mostly negative investor mood heading into the back half of the year, with few able to make a clear bullish case, according to a new Jefferies note summarizing recent investor…

Read source
proactiveinvestors.com

AppLovin sentiment turns negative as bull case grows harder to find, Jefferies says

AppLovin Corp (NASDAQ:APP) faces a mostly negative investor mood heading into the back half of the year, with few able to make a clear bullish case,...

Read source
defenseworld.net

Abacus FCF Advisors LLC Purchases Shares of 18,838 AppLovin Corporation $APP

Abacus FCF Advisors LLC acquired a new position in AppLovin Corporation (NASDAQ: APP) in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission…

Read source
fool.com

AppLovin vs. CoreWeave: What Recent Revenue Trends Tell Investors

CoreWeave currently demonstrates stronger absolute revenue generation than AppLovin, having surpassed its counterpart's quarterly totals during recent reporting periods. Both companies have posted consistently higher…

Read source

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ETFs holding APP

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
3.47B
Weight
0.15%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard S&P 500 ETF logoVanguard S&P 500 ETFVOO
Market value
2.8B
Weight
0.17%
AUM
1.7T USD
Expense ratio
0.03%
Price / 1D
$703.71+0.39%
Invesco QQQ Trust, Series 1 logoInvesco QQQ Trust, Series 1QQQ
Market value
2.03B
Weight
0.42%
AUM
485.41B USD
Expense ratio
0.18%
Price / 1D
$713.44+0.35%
Vanguard Morningstar Growth ETF logoVanguard Morningstar Growth ETFVUG
Market value
1.18B
Weight
0.32%
AUM
372B USD
Expense ratio
0.03%
Price / 1D
$87.50+0.38%
iShares Core S&P 500 ETF logoiShares Core S&P 500 ETFIVV
Market value
1.12B
Weight
0.13%
AUM
891.84B USD
Expense ratio
0.03%
Price / 1D
$769.31+0.39%
State Street SPDR S&P 500 ETF logoState Street SPDR S&P 500 ETFSPY
Market value
1.03B
Weight
0.13%
AUM
817.87B USD
Expense ratio
0.09%
Price / 1D
$765.72+0.41%
Invesco NASDAQ 100 ETF logoInvesco NASDAQ 100 ETFQQQM
Market value
433.9M
Weight
0.42%
AUM
104.09B USD
Expense ratio
0.15%
Price / 1D
$293.76+0.33%
iShares Expanded Tech-Software Sector ETF logoiShares Expanded Tech-Software Sector ETFIGV
Market value
361.97M
Weight
2.57%
AUM
14.26B USD
Expense ratio
0.38%
Price / 1D
$103.37+1.43%

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