Overview Dividends

(APP) Applovin - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US03831W1080

Advertising Platform, Mobile Games, Analytics, Connected TV

APP EPS (Earnings per Share)

EPS Growth (3Y CAGR): 265.19%
EPS Trend (3Y Correlation): 99.5%

APP Revenue

Revenue Growth (3Y CAGR): 28.68%
Revenue Trend (3Y Correlation): 83.3%

Risk via 10d forecast
Volatility	80.8%
Value at Risk 5%th	113%
Relative Tail Risk	-15.18%

Reward TTM
Sharpe Ratio	1.19
Alpha	67.69

Character TTM
Hurst Exponent	0.524
Beta	2.162
Beta Downside	2.361

Drawdowns 3y
Max DD	57.00%
Mean DD	12.20%
Median DD	8.47%

Description: APP Applovin October 14, 2025

AppLovin Corp. (NASDAQ: APP) operates a software-based platform that helps advertisers acquire users and monetize digital content across mobile and connected-TV (CTV) environments worldwide. The business is split into two primary segments-Advertising, which runs demand-side solutions, and Apps, which includes its portfolio of free-to-play games and related services.

Key offerings include AppDiscovery (demand-side advertising), MAX (in-app bidding that runs real-time auctions for publishers), Adjust (measurement and analytics), and Wurl (CTV distribution and ad-tech). Complementary tools such as SparkLabs (app-store optimization), the AppLovin Exchange (RTB marketplace for mobile and CTV inventory), and Array (end-to-end app management for carriers) expand the ecosystem, while the Apps segment generates recurring revenue from its own and partner-developed games.

According to the most recent Form 10-K (FY 2023), AppLovin reported revenue of roughly **$2.2 billion**, up about **12 % YoY**, driven primarily by a **~68 % gross margin** on its advertising stack. Mobile ad spend is projected to grow 9-10 % annually through 2027, and CTV ad spend is accelerating at ~15 % CAGR, both of which underpin the company’s growth outlook. However, the firm posted an operating loss of $210 million, reflecting heavy investment in scaling its AI-driven bidding and measurement capabilities; this loss margin is a risk factor if ad-spend growth stalls or pricing pressure intensifies.

For a deeper, data-driven comparison of AppLovin’s valuation and risk metrics, the ValueRay platform provides a transparent dashboard that may help you extend your analysis.

APP Stock Overview

Market Cap in USD	187,954m
Sub-Industry	Application Software
IPO / Inception	2021-04-15
Return 12m vs S&P 500	71.0%
Analyst Rating	4.27 of 5

APP Dividends

Currently no dividends paid

APP Growth Ratios

CAGR 3y	245.89%
CAGR/Max DD Calmar Ratio	4.31
CAGR/Mean DD Pain Ratio	20.15
Current Volume	4173.2k
Average Volume	4199.9k

Piotroski VR‑10 (Strict, 0-10) 8.5

Net Income (2.83b TTM) > 0 and > 6% of Revenue (6% = 331.2m TTM)

FCFTA 0.53 (>2.0%) and ΔFCFTA 20.81pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 43.73% (prev 30.80%; Δ 12.93pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.53 (>3.0%) and CFO 3.36b > Net Income 2.83b (YES >=105%, WARN >=100%)

Net Debt (1.85b) to EBITDA (3.58b) ratio: 0.52 <= 3.0 (WARN <= 3.5)

Current Ratio 3.25 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (341.0m) change vs 12m ago -2.08% (target <= -2.0% for YES)

Gross Margin 83.31% (prev 77.22%; Δ 6.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 93.68% (prev 65.37%; Δ 28.32pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 13.16 (EBITDA TTM 3.58b / Interest Expense TTM 249.9m) >= 6 (WARN >= 3)

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 (Balance) 1.05b / Total Assets 6.34b

(D) 0.21 = Book Value of Equity 1.05b / Total Liabilities 4.87b

Total Rating: 7.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 90.59

1. Piotroski 8.50pt = 3.50

2. FCF Yield 1.77% = 0.88

3. FCF Margin 60.75% = 7.50

4. Debt/Equity 2.38 = 0.18

5. Debt/Ebitda 0.52 = 2.30

6. ROIC - WACC (= 44.29)% = 12.50

7. RoE 262.9% = 2.50

8. Rev. Trend 83.33% = 6.25

9. EPS Trend 99.48% = 4.97

What is the price of APP shares?

As of November 16, 2025, the stock is trading at USD 557.70 with a total of 4,173,194 shares traded.
Over the past week, the price has changed by -10.04%, over one month by -5.48%, over three months by +28.70% and over the past year by +96.04%.

Is Applovin a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Applovin (NASDAQ:APP) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 90.59 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of APP is around 636.84 USD . This means that APP is currently undervalued and has a potential upside of +14.19% (Margin of Safety).

Is APP a buy, sell or hold?

Applovin has received a consensus analysts rating of 4.27. Therefore, it is recommended to buy APP.

Strong Buy: 16
Buy: 4
Hold: 4
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the APP price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	718.7	28.9%
Analysts Target Price	718.7	28.9%
ValueRay Target Price	743.5	33.3%

APP Fundamental Data Overview November 15, 2025

Market Cap USD = 187.95b (187.95b USD * 1.0 USD.USD)
P/E Trailing = 65.8166
P/E Forward = 40.6504
P/S = 29.7987
P/B = 134.1025
P/EG = 1.2683
Beta = 2.501
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 = 189.80b USD (187.95b + Debt 3.51b - CCE 1.67b)
Interest Coverage Ratio = 13.16 (Ebit TTM 3.29b / Interest Expense TTM 249.9m)
FCF Yield = 1.77% (FCF TTM 3.35b / Enterprise Value 189.80b)
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 = 29.92 (Enterprise Value 189.80b / 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 = 44.63% (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 = 13.75% (E(187.95b)/V(191.47b) * Re(13.98%) + D(3.51b)/V(191.47b) * Rd(1.46%) * (1-Tc(0.18)))
Discount Rate = 13.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.94%
[DCF Debug] Terminal Value 64.51% ; FCFE base≈2.71b ; Y1≈3.34b ; Y5≈5.70b
Fair Price DCF = 140.2 (DCF Value 43.12b / Shares Outstanding 307.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 99.48 | EPS CAGR: 265.2% | SUE: 0.39 | # QB: 0
Revenue Correlation: 83.33 | Revenue CAGR: 28.68% | SUE: 0.34 | # QB: 0

Additional Sources for APP Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle