Applovin Corporation: stock overview

APPNASDAQTechnology · Services-Computer Programming, Data Processing, Etc.

Price

$409.10

November 13, 2026Market cap $138B

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  • The full history: 7 fiscal years, from 2019
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • The share price has risen 51% since Nov 4, 2026, when the 10-Q these figures come from was filed ($271.75 then, $409.10 on Nov 13, 2026). The figures date from before that move.10-Q

In short

Applovin had revenue of $7.6B over the last 12 months and net income of $5.0B, a net margin of 65.9%. Revenue grew by 30.5% a year on average over the last 5 years. At $409.10 the shares trade at a P/E of 27.6, against a median of 69.1 over the last 3 fiscal years. It has net debt of $342M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$138B
338M shares
P/E
27.6
Today27.6
Median69.1
Revenue, 12 months
$7.6B
+30.5% a year over 5 years
Net margin
65.9%
2025: 60.8%, above 99% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+72.5% a year over 2 years

  • 202510-K
    Revenue$5.5B
  • 202410-K
    Revenue$3.2B
  • 202310-K
    Revenue$1.8B

Fiscal years in figures

APP's revenue, profit, cash flow and dividend with each year-end price, from 2019 to 2022, 4 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $110B
$138B
Enterprise value 
$139B
P/E 3-year median: 69.1
27.6
EV / EBIT 
23.4
EV / Revenue 
18.2
P/B 3-year median: 101.0
42.0
FCF yield 
–
Earnings yield 3-year median: 1.4%
3.6%

Profitability

Gross margin 
88.8%
Operating margin 
77.8%
Net margin 3-year median: 49.0%
65.9%
ROIC 
83.3%
ROIC, 5-year average 
21.3%
ROE 
201.6%

Growth

Revenue, yearly change 
+70.0%
EPS, yearly change 
+115.2%
FCF, yearly change 
+98.1%
Revenue, average a year 
+30.5%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$3.2B
Total debt 
$3.5B
Net debt 
$342M
Net debt / EBITDA 
0.1x
Interest cover 
29.9x
Current ratio 
3.80

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
1.58%
Total returned 
1.58%
Shares, yearly change 
-0.5%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Operating margin

75.8%

Above 100% of the 462 companies in its industry, and 100% of all.

Net margin

60.8%

Above 99% of the 473 companies in its industry, and 99% of all.

ROE

156.2%

Above 98% of the 398 companies in its industry, and 99% of all.

ROA

45.9%

Above 99% of the 462 companies in its industry, and 99% of all.

Revenue growth

70.0%

Above 97% of the 461 companies in its industry, and 97% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
AppLovin Corp
CIK
1751008
Exchange
NASDAQ
Industry (SIC)
7370 · Services-Computer Programming, Data Processing, Etc.
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
338M

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The full analysis

What do Applovin's filings show?

These are Applovin's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about APP

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What is APP's market cap?

Applovin Corporation's market cap is $138B, at a price of $409.10 on November 13, 2026 and 338M shares.

What is APP's P/E?

APP's P/E is 27.6, on earnings per share of $14.86 over the last 12 months. The median over the last 3 fiscal years was 69.1.

How much revenue does APP have?

Applovin had revenue of $7.6B over the last 12 months. Over the last 5 years it changed by +30.5% a year on average.

Does APP pay a dividend?

No. Applovin paid no regular dividend over the last 12 months.

Where do the figures come from?

From Applovin Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.