Income Statement
Revenue$1.8B
Gross Profit$1.6B
Operating Income$1.4B
EBITDA$1.5B
Net Income$1.2B
APP
AppLovin Corporation
NMSSector: Communication ServicesIndustry: Advertising Agencies
Valuation
Market Cap
$149.81B
Enterprise Value
$150.90B
P/E
38.8
TTMFwd P/E
20.3
1YP/B
63.5
P/S
24.3
TTMPEG
1.28
EV/EBITDA
31.0
EV/Revenue
24.5
FCF Yield
2.6%
EPS (TTM)
$11.50
Fwd EPS
$21.93
Book Value
$7.03
Market Data
Beta
2.46
Avg Volume
4.9M
Shares Out
305.7M
Float
242.4M
Short % Float
4.4%
Insider %
18.3%
Institutional %
75.0%
D/E
162.9
Current Ratio
3.2
ROE
266.4%
ROA
44.2%
Rev Growth
59.0%
Net Inc Growth
113.1%
Profit Margin
64.3%
Op Margin
78.2%
Gross Margin
88.4%
Total Cash
$2.76B
Total Debt
$3.85B
Financials
Latest period financial summary
Balance Sheet
Total Assets$7.7B
Current Assets$4.8B
Cash$2.8B
Total Liabilities$5.3B
Equity$2.4B
Total Debt$3.5B
Cash Flow
Operating CF$1.3B
Investing CF$-5.2M
Financing CF$-1.0B
Free Cash Flow$1.3B
Financial Trends
Revenue$1.8B
2022/122026/3
Net Income$1.2B
2022/122026/3
EBITDA$1.5B
2022/122026/3
Free Cash Flow$1.3B
2022/122026/3
Period Analysis
Margins & Ratios
| Metric | 2021/12 | 2022/12 | 2023/12 | 2024/9 | 2024/12 | 2025/3 | 2025/6 | 2025/9 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.8B | $1.8B | — | $3.2B | $1.2B | $1.3B | $1.4B |
| Gross Margin | — | +55.4% | +80.6% | — | +83.9% | +86.9% | +87.7% | +87.6% |
| EBITDA Margin | — | +18.2% | +68.6% | — | +73.8% | +80.0% | +78.1% | +78.8% |
| Operating Margin | — | -1.7% | +41.9% | — | +59.3% | +72.5% | +76.1% | +76.8% |
| Net Margin | — | -6.8% | +24.9% | — | +49.3% | +62.4% | +61.3% | +59.5% |
| Current Ratio | — | 3.35 | 1.71 | — | 2.19 | 1.68 | 2.74 | 3.25 |
| Debt / Equity | — | 1.72 | 2.53 | — | 3.26 | 6.45 | 3.01 | 2.38 |
| Net Debt / EBITDA | — | 4.28 | 2.12 | — | 1.20 | 3.41 | 2.36 | 1.67 |
| ROE | — | -10.1% | +36.4% | — | +145.9% | +125.7% | +66.1% | +56.7% |
| ROA | — | -3.3% | +8.5% | — | +27.1% | +12.7% | +13.0% | +13.2% |
| Leverage | — | 0.67 | 0.77 | — | 0.81 | 0.90 | 0.80 | 0.77 |
Company Profile
AppLovin Corporation
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
Employees
876
Location
Palo Alto, CA
Country
US
Golden Bazaar VerifiedUpdated: Jun 26, 2026Data Source: Golden Bazaar Verified · Updated: Jun 26, 2026
Sector Peers
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This page is prepared by Golden Bazaar using publicly available data. Not investment advice.