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Investlytic score: 2/5 criteria met. Data as of 01/11/2026.
- ✅ Price trend passed
- ⚠️ Mixed growth
- ❌ Debt failed
- ✅ P/E passed
- ❌ Correction failed
Price trend
Overall trend (8 years): the price has been multiplied by at least 1.5.
Price change 2021 → 2022: -88.83%
Price change 2022 → 2023: 278.44%
Price change 2023 → 2024: 712.62%
Price change 2024 → 2025: 108.08%
Price change 2025 → 2026: -66.09%
Price change 2026 (year to date): -63.05%
Financial growth
Revenue CAGR (8 years): 41.47%
Earnings CAGR (8 years): N/A
Growth status: positive trend (>1%/yr) in revenue, earnings data insufficient/N/A.
Debt
Debt-to-equity ratio: 1.66
Debt/equity > 0.5 (maximum threshold).
P/E (Price/Earnings)
P/E ratio: 17.56
P/E < 25.0 (maximum threshold).
Correction (6 months)
Current correction: 62.77% from the high over 6 months.
Excessive correction (> 20.0%).
Criteria of the Investlytic model
- / 5Free with the Investlytic logo. Paste this line into your page: options.
<script src="https://investlytic.co/encart.js" data-symbole="APP" data-lang="en"></script>Price trend
Price & trend
Interactive chart →💰 Dividend
Dividend ranking →⚖️ Comparison with the market
All stocks →| Stock | P/E | Dette/FP | Revenue growth | Rating |
|---|---|---|---|---|
| AppLovin Corporation | 30.1 | 1.66 | +41.5 % | 🔒 |
| Sandisk Corporation | 11.9 | 0.22 | +15.7 % | ★ 4/5 |
| Marvell Technology, Inc. | 42.8 | 0.32 | +6.9 % | – |
| ServiceNow, Inc. | 27.8 | 0.18 | +46.5 % | – |
| Seagate Technology Holdings plc | 37.1 | – | +0.4 % | – |
Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.
Detailed analysis · Price trend
-
Revenues & profits
Revenue and net income
Financial indicators
Annual financial statements
| Fiscal year | Revenue | Net income | Net margin | EPS | Revenue growth |
|---|
Key reported figures
Revenue, net income and net margin reported by AppLovin Corporation over the latest fiscal years.
| Fiscal year | Revenue | Net income | Net margin | Revenue growth |
|---|---|---|---|---|
| 2020 | 1.5 bn | -125 m | -8.6 % | n/a |
| 2021 | 2.8 bn | 35.4 m | 1.3 % | +92.5 % |
| 2022 | 2.8 bn | -193 m | -6.8 % | +0.9 % |
| 2023 | 3.3 bn | 357 m | 10.9 % | +16.5 % |
| 2024 | 4.7 bn | 1.6 bn | 33.5 % | +43.4 % |
| 2025 | 5.5 bn | 3.3 bn | 60.8 % | +16.4 % |
Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.
Accounts and financial health
Balance sheet and cash flow published by AppLovin Corporation over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and investments | 1.5 bn | 1.1 bn | 502 m | 741 m | 2.5 bn |
| Total Debt | 3.3 bn | 3.3 bn | 3.2 bn | 3.6 bn | 3.5 bn |
| Net Debt | 1.8 bn | 2.2 bn | 2.7 bn | 2.8 bn | 1.1 bn |
| Equity | 2.1 bn | 1.9 bn | 1.3 bn | 1.1 bn | 2.1 bn |
| Total assets | 6.2 bn | 5.8 bn | 5.4 bn | 5.9 bn | 7.3 bn |
| Operating cash flow | 362 m | 413 m | 1.1 bn | 2.1 bn | 4.0 bn |
| Investments (capex) | 1.4 m | 662,000 | 4.2 m | 4.8 m | 28.3 m |
| Free cash-flow | 360 m | 412 m | 1.1 bn | 2.1 bn | 3.9 bn |
| Share buybacks | 0 | 339 m | 1.2 bn | 981 m | 2.2 bn |
| Dividends paid | 0 | 0 | 0 | 0 | 0 |
Amounts in USD, currency of the published accounts.
Trailing 12-month ratios
Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.
Valuation and competitors
AppLovin Corporation compared with its sector on the same exchange and with its main competitors.
Direct competitors
| Company | Market cap (USD) | P/E | Net margin |
|---|---|---|---|
| AppLovin Corporation | 76.8 bn | 17.6 | 60.8 % |
| Aurora Mobile Limited JG | 38.9 m | 40.9 | 0.1 % |
| Digital Turbine, Inc. APPS | 1.1 bn | 13.0 | -18.8 % |
| Perion Network Ltd. PERI | 359 m | 7.6 | -1.8 % |
| Criteo S.A. CRTO | 718 m | 3.5 | 7.4 % |
| Zeta Global Holdings Corp. ZETA | 7.8 bn | 36.7 | -2.4 % |
| DoubleVerify Holdings, Inc. DV | 2.1 bn | 36.6 | 6.8 % |
| Braze, Inc. BRZE | 5.2 bn | 111.6 | -17.5 % |
| Amplitude, Inc. AMPL | 2.3 bn | 569.3 | -25.8 % |
| Sector median (Nasdaq) | 38.2 |
Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.
Analyst consensus and forecasts
What the financial analysts covering AppLovin Corporation publish: ratings, price targets and earnings forecasts.
Breakdown of ratings
Analysts' average target 490.00 USD, DCF value 120.54 USD, share price 228.50 USD.
Average target over the last 3 months: 483.28 USD (25 targets).
Analyst forecasts
| Fiscal year | Revenue | Net income | Expected EPS (range) | P/E on this EPS | Analysts |
|---|---|---|---|---|---|
| 2026 | 8.1 bn | 5.3 bn | 15.71 (15.06 / 16.12) | 14.5 | 20 |
| 2027 | 10.1 bn | 6.7 bn | 19.72 (18.19 / 20.98) | 11.6 | 21 |
| 2028 | 12.2 bn | 9.1 bn | 24.43 (18.46 / 27.25) | 9.4 | 15 |
Amounts in USD, the reporting currency.
Track record against expectations: reported EPS above consensus 11 times over the last 12 releases.
Rating changes (12 months)
| Date | Firm | Before | After |
|---|---|---|---|
| 28/10/2026 | RBC Capital | Outperform | Outperform |
| 28/10/2026 | UBS | Buy | Buy |
| 19/10/2026 | Citigroup | Buy | Buy |
| 14/10/2026 | Goldman Sachs | Neutral | Neutral |
| 14/10/2026 | Wedbush | Outperform | Outperform |
Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.
Dividends and earnings
AppLovin Corporation: dividend history, last distributions, stock splits and earnings releases.
No known dividend for this company.
Earnings releases
| Date | Published EPS | Expected EPS | Surprise |
|---|---|---|---|
| 04/08/2026 | 3.76 | 3.76 | 0.0 % |
| 06/05/2026 | 3.56 | 3.40 | +4.7 % |
| 11/02/2026 | 3.24 | 2.95 | +9.8 % |
| 05/11/2025 | 2.45 | 2.38 | +2.9 % |
| 06/08/2025 | 2.26 | 1.96 | +15.3 % |
| 07/05/2025 | 1.67 | 1.44 | +16.0 % |
Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.
Who owns the stock
Free float, institutional investors, large funds, executives and elected officials: declared positions in AppLovin Corporation.
Indices: S&P 500 (since 22/09/2025), Nasdaq 100 (since 18/11/2024).
Large funds tracked
| Fund | Shares | Value (USD) | Weight in the fund | Change | Quarter |
|---|---|---|---|---|---|
| Vanguard Group | 25.1 m | 16.9 bn | 0.2 % | +0.7 % | 2025Q4 |
| State Street | 24.2 m | 12.5 bn | 0.2 % | +105.7 % | 2026Q2 |
| BlackRock | 24.0 m | 12.4 bn | 0.2 % | +1.7 % | 2026Q2 |
| Fidelity | 17.3 m | 8.9 bn | 0.4 % | +10.2 % | 2026Q2 |
| Invesco | 11.0 m | 5.7 bn | 0.5 % | +3.7 % | 2026Q2 |
| Capital World Investors | 8.2 m | 4.2 bn | 0.5 % | +156.4 % | 2026Q2 |
| Geode Capital Management | 7.4 m | 3.8 bn | 0.2 % | +1.0 % | 2026Q2 |
| Baillie Gifford | 6.5 m | 3.3 bn | 3.0 % | -3.4 % | 2026Q2 |
Elected officials' disclosures
| Date | Official | Side | Amount |
|---|---|---|---|
| 18/09/2026 | Gilbert Cisneros | purchase | $1,001 - $15,000 |
| 25/09/2026 | Ro Khanna | purchase | $1,001 - $15,000 |
| 11/09/2026 | Ro Khanna | purchase | $1,001 - $15,000 |
| 04/09/2026 | Ro Khanna | purchase | $1,001 - $15,000 |
| 18/08/2026 | Gilbert Cisneros | sale | $1,001 - $15,000 |
Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 08/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.
PEA and practical information
Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.
Frequently asked questions about AppLovin Corporation
What is the AppLovin Corporation share price?
Latest recorded price: 391.22 USD on 06/11/2026, for a market cap of 119 bn USD.
What is the revenue of AppLovin Corporation?
5.5 bn USD for fiscal year 2025, with net income of 3.3 bn USD (net margin 60.8 %).
What do analysts say about AppLovin Corporation?
Out of 27 analysts: 21 buy or strong buy, 5 hold, 1 sell or strong sell. Average price target: 490.00 USD, i.e. +114.4 % from the share price.
What is the P/E ratio of AppLovin Corporation?
Trailing 12-month P/E of 30.1, against 38.2 for the sector median on the same exchange (10-year median: 43.0).
Is AppLovin Corporation stock eligible for the French PEA?
No: the company is headquartered outside the European Union and the European Economic Area (ISIN US03831W1080).
How many employees does AppLovin Corporation have?
1,533 full-time employees according to the latest published profile.
Who runs AppLovin Corporation?
Adam Arash Foroughi is the company's chief executive.
Which large funds own AppLovin Corporation?
As of 2026Q2, among the large funds tracked: Vanguard Group, State Street, BlackRock, Fidelity, Invesco.