AppLovin
APP stock analysis · Communication Services · Advertising
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -65.1% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
13 sector peers · median 13.5×
How this is calculated ↗Historical multiples
Requires three annual historical market caps and eligible filed earnings.
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Parent-earnings fallback versus consolidated cash flow · scope limitation
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $225.60 | $246.16 | $268.25 |
| 10.0% | $165.32 | $179.87 | $195.49 |
| 12.0% | $130.43 | $141.52 | $153.42 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 5.5B | 3.3B | 4B | 473K | 7.3B |
| 2024-12-31 | 3.2B | 1.6B | 2.1B | 4.8M | 5.9B |
| 2023-12-31 | 1.8B | 356.7M | 1.1B | 4.2M | 5.4B |
| 2022-12-31 | 2.8B | -192.9M | 412.8M | 662K | 5.8B |
| 2021-12-31 | 2.8B | 35.3M | 361.9M | 1.4M | 6.2B |
| 2020-12-31 | 1.5B | -125.9M | 222.9M | 3.2M | 2.2B |
| 2019-12-31 | 994.1M | 119M | 198.5M | 3.4M | — |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 5.5B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-02-19 |
| netIncome | 3.3B | NetIncomeLoss Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-19 |
| Parent/common earnings proxy | 3.3B | NetIncomeLossAvailableToCommonStockholdersBasic | 2026-02-19 |
| cfo | 4B | NetCashProvidedByUsedInOperatingActivities | 2026-02-19 |
| capex | 473K | Reviewed manual correction Free cash flow reconciliation separately reports cash PP&E purchases in thousands. Finance lease principal and purchased intangibles are excluded from PenguinSolver PP&E cash-flow proxy; this is not the company-adjusted FCF. | 2026-02-19 |
| operatingIncome | 4.2B | OperatingIncomeLoss | 2026-02-19 |
| assets | 7.3B | Assets | 2026-02-19 |
| equity | 2.1B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-02-19 |
| Parent book equity proxy | 2.1B | StockholdersEquity | 2026-02-19 |
| debt | 3.5B | LongTermDebt | 2026-02-19 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 2.5B | CashAndCashEquivalentsAtCarryingValue | 2026-02-19 |
| shares | 342M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-02-19 |
| dividends | 0 | Reviewed manual correction This issuer explicitly confirms in its annual filing that it has never declared or paid cash dividends on its common/capital stock. Reviewed cash-dividend zero, bounded to fiscal period ending 2025-12-31. The exact statement and source filing are retained in the evidence record. This is explicit filing evidence, not an assumption from an absent cash-flow line. Surrounding source passage reviewed as the registrant’s own common-stock policy, not a subsidiary or predecessor statement. | 2026-02-19 |
| buybacks | 2.2B | PaymentsForRepurchaseOfCommonStock | 2026-02-19 |
| issuance | 25.3M | Reviewed manual correction Bounded FY2025-12-31 consolidated financing-statement extraction. Proceeds from issuance of common stock upon exercise of stock options and purchase of ESPP shares: 25329000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 9 financing lines reconcile exactly to reported financing cash flow -2593069000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: issuance follows the separately reported common cash-inflow lines; it is not an independent verification of every gross equity transaction. | 2026-02-19 |