(APP) Applovin - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US03831W1080
Stock: AdTech, Measurement, CTV, Gaming, Exchange
Total Rating 70
Risk 88
Buy Signal -0.99
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 121% |
| Relative Tail Risk | -16.6% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.69 |
| Alpha | 2.61 |
| Character TTM | |
|---|---|
| Beta | 2.087 |
| Beta Downside | 2.224 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.00% |
| CAGR/Max DD | 4.23 |
Description: APP Applovin December 17, 2025
AppLovin Corp. (NASDAQ: APP) operates a software platform that helps advertisers acquire and monetize mobile and connected-TV audiences worldwide. Its business is split between an Advertising segment-offering solutions such as AppDiscovery, the MAX in-app bidding engine, the Adjust analytics suite, and the Wurl CTV distribution network-and an Apps segment that runs free-to-play games developed in-house or with partners.
Key recent metrics (FY 2023) include ≈ $2.2 billion in total revenue, a 30 % year-over-year increase driven largely by growth in the MAX bidding product, and an adjusted EBITDA margin of roughly 22 %. The Adjust platform now tracks over 1 billion monthly active devices, underscoring its data-network effect.
The mobile advertising market remains a primary sector driver, with global mobile ad spend projected to grow at a 12 % CAGR through 2027. A parallel shift toward connected-TV (CTV) inventory-accelerated by cord-cutting and higher CPMs on CTV-offers AppLovin a diversification lever via its Wurl and AppLovin Exchange offerings.
For a deeper quantitative view, the ValueRay analysis of APP provides additional context on valuation and risk factors.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income: 2.83b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.53 > 0.02 and ΔFCF/TA 20.81 > 1.0 |
| NWC/Revenue: 43.73% < 20% (prev 30.80%; Δ 12.93% < -1%) |
| CFO/TA 0.53 > 3% & CFO 3.36b > Net Income 2.83b |
| Net Debt (1.85b) to EBITDA (3.58b): 0.52 < 3 |
| Current Ratio: 3.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (341.0m) vs 12m ago -2.08% < -2% |
| Gross Margin: 83.31% > 18% (prev 0.77%; Δ 8253 % > 0.5%) |
| Asset Turnover: 93.68% > 50% (prev 65.37%; Δ 28.32% > 0%) |
| Interest Coverage Ratio: 13.16 > 6 (EBITDA TTM 3.58b / Interest Expense TTM 249.9m) |
Altman Z'' 7.01
| A: 0.38 (Total Current Assets 3.49b - Total Current Liabilities 1.07b) / Total Assets 6.34b |
| B: 0.17 (Retained Earnings 1.05b / Total Assets 6.34b) |
| C: 0.56 (EBIT TTM 3.29b / Avg Total Assets 5.89b) |
| D: 0.21 (Book Value of Equity 1.05b / Total Liabilities 4.87b) |
| Altman-Z'' Score: 7.01 = AAA |
Beneish M -3.07
| DSRI: 0.87 (Receivables 1.60b/1.19b, Revenue 5.52b/3.56b) |
| GMI: 0.93 (GM 83.31% / 77.22%) |
| AQI: 0.69 (AQ_t 0.43 / AQ_t-1 0.62) |
| SGI: 1.55 (Revenue 5.52b / 3.56b) |
| TATA: -0.08 (NI 2.83b - CFO 3.36b) / TA 6.34b) |
| Beneish M-Score: -3.07 (Cap -4..+1) = AA |
What is the price of APP shares?
As of February 03, 2026, the stock is trading at USD 483.00 with a total of 6,042,657 shares traded.
Over the past week, the price has changed by -9.79%, over one month by -21.89%, over three months by -23.59% and over the past year by +32.17%.
Over the past week, the price has changed by -9.79%, over one month by -21.89%, over three months by -23.59% and over the past year by +32.17%.
Is APP a buy, sell or hold?
Applovin has received a consensus analysts rating of 4.27.
Therefore, it is recommended to buy APP.
- StrongBuy: 16
- Buy: 4
- Hold: 4
- Sell: 1
- StrongSell: 1
What are the forecasts/targets for the APP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 734.7 | 52.1% |
| Analysts Target Price | 734.7 | 52.1% |
| ValueRay Target Price | 619.3 | 28.2% |
APP Fundamental Data Overview February 03, 2026
P/E Trailing = 67.1078
P/E Forward = 39.3701
P/S = 25.3715
P/B = 130.521
P/EG = 1.2263
Revenue TTM = 5.52b USD
EBIT TTM = 3.29b USD
EBITDA TTM = 3.58b USD
Long Term Debt = 3.51b USD (from longTermDebt, last quarter)
Short Term Debt = 29.6m USD (from shortTermDebt, last fiscal year)
Debt = 3.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.85b USD (from netDebt column, last quarter)
Enterprise Value = 161.87b USD (160.03b + Debt 3.51b - CCE 1.67b)
Interest Coverage Ratio = 13.16 (Ebit TTM 3.29b / Interest Expense TTM 249.9m)
EV/FCF = 48.27x (Enterprise Value 161.87b / FCF TTM 3.35b)
FCF Yield = 2.07% (FCF TTM 3.35b / Enterprise Value 161.87b)
FCF Margin = 60.75% (FCF TTM 3.35b / Revenue TTM 5.52b)
Net Margin = 51.28% (Net Income TTM 2.83b / Revenue TTM 5.52b)
Gross Margin = 83.31% ((Revenue TTM 5.52b - Cost of Revenue TTM 921.6m) / Revenue TTM)
Gross Margin QoQ = 87.56% (prev 87.68%)
Tobins Q-Ratio = 25.52 (Enterprise Value 161.87b / Total Assets 6.34b)
Interest Expense / Debt = 1.46% (Interest Expense 51.4m / Debt 3.51b)
Taxrate = 18.16% (185.4m / 1.02b)
NOPAT = 2.69b (EBIT 3.29b * (1 - 18.16%))
Current Ratio = 3.25 (Total Current Assets 3.49b / Total Current Liabilities 1.07b)
Debt / Equity = 2.38 (Debt 3.51b / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = 0.52 (Net Debt 1.85b / EBITDA 3.58b)
Debt / FCF = 0.55 (Net Debt 1.85b / FCF TTM 3.35b)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 48.04% (Net Income 2.83b / Total Assets 6.34b)
RoE = 262.9% (Net Income TTM 2.83b / Total Stockholder Equity 1.08b)
RoCE = 71.67% (EBIT 3.29b / Capital Employed (Equity 1.08b + L.T.Debt 3.51b))
RoIC = 58.04% (NOPAT 2.69b / Invested Capital 4.64b)
WACC = 13.33% (E(160.03b)/V(163.54b) * Re(13.60%) + D(3.51b)/V(163.54b) * Rd(1.46%) * (1-Tc(0.18)))
Discount Rate = 13.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.94%
[DCF Debug] Terminal Value 65.88% ; FCFF base≈2.71b ; Y1≈3.34b ; Y5≈5.69b
Fair Price DCF = 142.2 (EV 45.59b - Net Debt 1.85b = Equity 43.74b / Shares 307.6m; r=13.33% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 89.20 | EPS CAGR: 151.7% | SUE: 0.11 | # QB: 0
Revenue Correlation: 81.60 | Revenue CAGR: 16.46% | SUE: 0.34 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.15 | Chg30d=+0.006 | Revisions Net=+2 | Analysts=15
EPS next Year (2026-12-31): EPS=14.64 | Chg30d=+0.097 | Revisions Net=+4 | Growth EPS=+56.6% | Growth Revenue=+36.3%
P/E Forward = 39.3701
P/S = 25.3715
P/B = 130.521
P/EG = 1.2263
Revenue TTM = 5.52b USD
EBIT TTM = 3.29b USD
EBITDA TTM = 3.58b USD
Long Term Debt = 3.51b USD (from longTermDebt, last quarter)
Short Term Debt = 29.6m USD (from shortTermDebt, last fiscal year)
Debt = 3.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.85b USD (from netDebt column, last quarter)
Enterprise Value = 161.87b USD (160.03b + Debt 3.51b - CCE 1.67b)
Interest Coverage Ratio = 13.16 (Ebit TTM 3.29b / Interest Expense TTM 249.9m)
EV/FCF = 48.27x (Enterprise Value 161.87b / FCF TTM 3.35b)
FCF Yield = 2.07% (FCF TTM 3.35b / Enterprise Value 161.87b)
FCF Margin = 60.75% (FCF TTM 3.35b / Revenue TTM 5.52b)
Net Margin = 51.28% (Net Income TTM 2.83b / Revenue TTM 5.52b)
Gross Margin = 83.31% ((Revenue TTM 5.52b - Cost of Revenue TTM 921.6m) / Revenue TTM)
Gross Margin QoQ = 87.56% (prev 87.68%)
Tobins Q-Ratio = 25.52 (Enterprise Value 161.87b / Total Assets 6.34b)
Interest Expense / Debt = 1.46% (Interest Expense 51.4m / Debt 3.51b)
Taxrate = 18.16% (185.4m / 1.02b)
NOPAT = 2.69b (EBIT 3.29b * (1 - 18.16%))
Current Ratio = 3.25 (Total Current Assets 3.49b / Total Current Liabilities 1.07b)
Debt / Equity = 2.38 (Debt 3.51b / totalStockholderEquity, last quarter 1.47b)
Debt / EBITDA = 0.52 (Net Debt 1.85b / EBITDA 3.58b)
Debt / FCF = 0.55 (Net Debt 1.85b / FCF TTM 3.35b)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 48.04% (Net Income 2.83b / Total Assets 6.34b)
RoE = 262.9% (Net Income TTM 2.83b / Total Stockholder Equity 1.08b)
RoCE = 71.67% (EBIT 3.29b / Capital Employed (Equity 1.08b + L.T.Debt 3.51b))
RoIC = 58.04% (NOPAT 2.69b / Invested Capital 4.64b)
WACC = 13.33% (E(160.03b)/V(163.54b) * Re(13.60%) + D(3.51b)/V(163.54b) * Rd(1.46%) * (1-Tc(0.18)))
Discount Rate = 13.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.94%
[DCF Debug] Terminal Value 65.88% ; FCFF base≈2.71b ; Y1≈3.34b ; Y5≈5.69b
Fair Price DCF = 142.2 (EV 45.59b - Net Debt 1.85b = Equity 43.74b / Shares 307.6m; r=13.33% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 89.20 | EPS CAGR: 151.7% | SUE: 0.11 | # QB: 0
Revenue Correlation: 81.60 | Revenue CAGR: 16.46% | SUE: 0.34 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.15 | Chg30d=+0.006 | Revisions Net=+2 | Analysts=15
EPS next Year (2026-12-31): EPS=14.64 | Chg30d=+0.097 | Revisions Net=+4 | Growth EPS=+56.6% | Growth Revenue=+36.3%