AppLovin Corporation (APP)
NASDAQ: APP · Real-Time Price · USD
351.52
+79.77 (29.35%)
Nov 5, 2026, 11:05 AM EST - Market open
AppLovin Ratios and Metrics
Market cap in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Total Valuation
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 5, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 117,636 | 173,086 | 134,237 | 227,721 | 243,046 | 118,462 | 90,079 | 108,675 | 43,636 | 27,381 | 22,802 | 13,382 | 13,898 | 8,952 | 5,928 | 3,914 | 7,223 | 13,020 | 20,697 | 35,274 | 26,947 | |
Market Cap Growth (YoY) | -44.98% | 46.11% | 49.02% | 109.54% | 456.98% | 332.65% | 295.04% | 712.12% | 213.98% | 205.87% | 284.63% | 241.90% | 92.41% | -31.25% | -71.36% | -88.90% | -73.19% | -52.50% | - | - | - |
Enterprise Value | 118,098 | 173,841 | 135,417 | 229,850 | 245,552 | 121,834 | 93,050 | 111,617 | 46,693 | 30,470 | 25,642 | 16,236 | 16,281 | 10,968 | 8,197 | 6,256 | 9,564 | 14,908 | 22,538 | 36,059 | 27,606 |
Last Close Price | 271.75 | 515.23 | 398.00 | 673.82 | 718.54 | 350.08 | 264.97 | 323.83 | 130.55 | 83.22 | 69.22 | 39.85 | 39.96 | 25.73 | 15.75 | 10.53 | 19.49 | 34.44 | 55.07 | 94.26 | 72.37 |
Price Ratios
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 5, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
PE Ratio | 27.03 | 39.25 | 33.88 | 68.32 | 85.89 | 48.78 | 46.94 | 68.90 | 37.94 | 33.24 | 38.40 | 37.72 | 133.84 | 455.37 | - | - | -84.81 | - | - | 1132.69 | -1703.24 |
Forward PE | 18.78 | 29.67 | 25.29 | 50.39 | 61.00 | 38.59 | 40.09 | 58.54 | 33.35 | 25.70 | 28.14 | 28.37 | 36.28 | 67.94 | 51.86 | 41.87 | 22.70 | 42.71 | 30.88 | 57.55 | 59.09 |
PS Ratio | 13.32 | 25.35 | 21.78 | 41.55 | 50.40 | 27.86 | 24.32 | 33.71 | 13.73 | 8.54 | 7.03 | 4.08 | 4.58 | 3.11 | 2.04 | 1.39 | 2.48 | 4.46 | 7.35 | 12.63 | 10.74 |
PB Ratio | 28.81 | 54.72 | 56.80 | 106.68 | 164.90 | 101.50 | 156.54 | 99.72 | 46.51 | 33.60 | 30.00 | 10.65 | 12.68 | 5.90 | 3.12 | 2.06 | 3.84 | 6.83 | 10.28 | 16.50 | 13.15 |
P/TBV Ratio | 70.56 | 134.30 | 284.74 | 1150.27 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
P/FCF Ratio | 20.09 | 38.23 | 30.24 | 56.71 | 71.43 | 40.85 | 42.50 | 66.08 | 34.01 | - | 19.63 | 12.66 | 15.78 | 10.46 | 8.09 | 9.50 | 21.66 | 45.92 | - | 97.86 | 71.74 |
P/OCF Ratio | 20.09 | 38.23 | 30.24 | 56.71 | 71.43 | 40.85 | 42.50 | 66.08 | 33.89 | - | 19.56 | 12.61 | 15.78 | 10.46 | 8.09 | 9.48 | 21.59 | 45.74 | - | 97.48 | 71.48 |
PEG Ratio | 0.47 | 0.80 | 0.68 | 0.94 | 1.25 | 0.72 | 2.00 | 2.34 | 1.00 | 1.29 | 1.41 | 1.42 | 1.81 | 3.40 | 1.10 | 0.80 | 0.38 | 0.67 | 1.67 | 2.88 | 1.95 |
EV Ratios
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 5, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
EV/Sales Ratio | 13.38 | 25.46 | 21.97 | 41.94 | 50.92 | 28.65 | 25.12 | 34.62 | 14.69 | 9.50 | 7.90 | 4.95 | 5.37 | 3.81 | 2.82 | 2.22 | 3.29 | 5.10 | 8.01 | 12.91 | 11.00 |
EV/EBITDA Ratio | 16.88 | 32.12 | 27.78 | 53.80 | 67.68 | 39.52 | 35.96 | 50.92 | 24.40 | 18.41 | 18.15 | 14.42 | 19.49 | 14.73 | 11.68 | 11.86 | 15.47 | 26.33 | 43.99 | 60.33 | 53.47 |
EV/EBIT Ratio | 17.28 | 32.87 | 28.50 | 55.36 | 70.06 | 41.16 | 38.98 | 58.41 | 30.06 | 25.28 | 26.93 | 24.99 | 44.73 | 47.42 | 52.81 | - | 167.68 | 302.16 | - | 216.34 | 267.68 |
EV/FCF Ratio | 20.19 | 38.40 | 30.50 | 57.24 | 72.16 | 42.01 | 43.91 | 67.87 | 36.39 | - | 22.08 | 15.36 | 18.49 | 12.82 | 11.19 | 15.18 | 28.68 | 52.58 | - | 100.04 | 73.49 |
Financial Efficiency
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 5, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Debt / Equity Ratio | 1.11 | 1.11 | 1.49 | 1.72 | 2.58 | 3.17 | 6.82 | 3.26 | 3.74 | 4.32 | 4.64 | 2.53 | 2.91 | 2.15 | 1.72 | 1.76 | 1.75 | 1.73 | 1.64 | 1.57 | 0.90 |
Debt / EBITDA Ratio | 0.65 | 0.58 | 0.60 | 0.70 | 0.85 | 0.94 | 1.12 | 1.34 | 1.55 | 1.78 | 1.85 | 2.07 | 2.55 | 3.20 | 4.22 | 9.26 | 3.63 | 3.80 | 33.46 | 4.52 | 2.69 |
Debt / FCF Ratio | 0.78 | 0.78 | 0.79 | 0.91 | 1.12 | 1.27 | 1.85 | 2.16 | 2.74 | - | 3.04 | 3.01 | 3.62 | 3.82 | 4.47 | 8.14 | 9.85 | 11.61 | - | 9.33 | 4.90 |
Net Debt / Equity Ratio | 0.15 | 0.15 | 0.32 | 0.55 | 1.45 | 2.15 | 5.86 | 2.62 | 3.14 | 3.75 | 4.06 | 2.13 | 2.60 | 1.57 | 1.06 | 1.19 | 1.24 | 1.23 | 0.94 | 0.86 | 0.38 |
Net Debt / EBITDA Ratio | 0.09 | 0.09 | 0.16 | 0.28 | 0.59 | 0.81 | 1.30 | 1.30 | 1.54 | 1.85 | 2.19 | 2.38 | 3.42 | 3.20 | 2.87 | 4.30 | 3.79 | 4.14 | 3.69 | 3.08 | 1.52 |
Net Debt / FCF Ratio | 0.10 | 0.10 | 0.17 | 0.29 | 0.63 | 0.86 | 1.59 | 1.74 | 2.29 | - | 2.66 | 2.53 | 3.24 | 2.79 | 2.75 | 5.51 | 7.02 | 8.26 | 7.08 | 5.11 | 2.09 |
Asset Turnover | 0.96 | 0.96 | 0.92 | 0.84 | 0.82 | 0.76 | 0.68 | 0.57 | 0.61 | 0.60 | 0.58 | 0.33 | 0.56 | 0.51 | 0.48 | 0.47 | 0.56 | 0.56 | 0.64 | 0.67 | - |
Quick Ratio | 4.17 | 4.17 | 3.16 | 3.23 | 3.05 | 2.54 | 1.51 | 1.87 | 2.25 | 2.10 | 1.93 | 1.54 | 1.47 | 2.62 | 3.06 | 3.09 | 2.96 | 2.55 | 2.67 | 3.18 | 2.58 |
Current Ratio | 4.30 | 4.30 | 3.24 | 3.32 | 3.25 | 2.74 | 1.68 | 2.19 | 2.41 | 2.28 | 2.11 | 1.71 | 1.62 | 2.87 | 3.31 | 3.35 | 3.36 | 2.82 | 2.93 | 5.05 | 2.85 |
Return on Equity (ROE) | 203.69% | 203.69% | 266.44% | 212.94% | 242.70% | 254.76% | 307.53% | 135.50% | 114.62% | 72.14% | 46.68% | 28.98% | 7.05% | 1.17% | -4.20% | -9.55% | -4.17% | -5.41% | -7.37% | 3.57% | - |
Return on Assets (ROA) | 46.46% | 46.46% | 44.28% | 39.53% | 37.18% | 32.95% | 27.20% | 21.27% | 18.58% | 14.01% | 10.64% | 8.62% | 4.20% | 2.53% | 1.61% | -0.20% | 0.69% | 0.59% | 0.58% | 2.50% | - |
Return on Invested Capital (ROIC) | 132.73% | 122.63% | 114.75% | 99.30% | 83.18% | 72.21% | 57.77% | 45.96% | 36.85% | 29.16% | 22.66% | 15.24% | 8.37% | 5.16% | 0.78% | -3.54% | -1.92% | -3.50% | -0.15% | 4.38% | 2.03% |
Return on Capital Employed (ROCE) | 75.40% | 75.40% | 76.50% | 70.10% | 66.50% | 60.80% | 55.50% | 39.70% | 33.30% | 26.50% | 21.20% | 14.70% | 8.70% | 4.70% | 2.90% | -0.40% | 1.10% | 0.90% | 0.80% | 3.00% | 2.60% |
Yields
Fiscal Quarter | Current | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Nov '26 Nov 5, 2026 | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
Earnings Yield | 3.70% | 2.55% | 2.95% | 1.46% | 1.17% | 2.05% | 2.13% | 1.45% | 2.64% | 3.02% | 2.62% | 2.67% | 0.76% | 0.22% | -1.38% | -4.92% | -1.13% | -0.81% | -0.34% | 0.10% | -0.06% |
FCF Yield | 4.98% | 2.62% | 3.31% | 1.76% | 1.40% | 2.45% | 2.35% | 1.51% | 2.94% | - | 5.09% | 7.90% | 6.34% | 9.56% | 12.36% | 10.53% | 4.62% | 2.18% | 1.29% | 1.02% | 1.39% |
Buyback Yield / Dilution | 1.81% | 1.51% | 1.78% | 1.88% | 2.08% | 1.66% | 1.09% | 0.31% | 2.43% | 5.02% | 6.56% | 6.35% | 5.70% | 2.02% | -0.32% | 4.44% | 1.52% | -5.67% | -67.25% | -75.90% | -79.06% |