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): 68.34%
EPS Trend (3Y Correlation): 66.5%

APP Revenue

Revenue Growth (3Y CAGR): 22.95%
Revenue Trend (3Y Correlation): 96.4%

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	209,715m
Sub-Industry	Application Software
IPO / Inception	2021-04-15

APP Stock Ratings

Growth Rating	81.5%
Fundamental	88.5%
Dividend Rating	-
Return 12m vs S&P 500	231%
Analyst Rating	4.27 of 5

APP Dividends

Currently no dividends paid

APP Growth Ratios

Growth Correlation 3m	74%
Growth Correlation 12m	69.4%
Growth Correlation 5y	53.2%
CAGR 5y	254.32%
CAGR/Max DD 3y (Calmar Ratio)	4.46
CAGR/Mean DD 3y (Pain Ratio)	19.54
Sharpe Ratio 12m	2.28
Alpha	229.27
Beta	2.527
Volatility	73.90%
Current Volume	4312.1k
Average Volume 20d	4100.4k
Stop Loss	604.6 (-5.1%)
Signal	0.27

Piotroski VR‑10 (Strict, 0-10) 8.5

Net Income (2.43b TTM) > 0 and > 6% of Revenue (6% = 318.8m TTM)

FCFTA 0.48 (>2.0%) and ΔFCFTA 21.53pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 35.73% (prev 23.53%; Δ 12.21pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.48 (>3.0%) and CFO 2.86b > Net Income 2.43b (YES >=105%, WARN >=100%)

Net Debt (2.32b) to EBITDA (3.11b) ratio: 0.74 <= 3.0 (WARN <= 3.5)

Current Ratio 2.74 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (342.2m) change vs 12m ago -1.66% (target <= -2.0% for YES)

Gross Margin 80.87% (prev 71.80%; Δ 9.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 94.64% (prev 75.07%; Δ 19.58pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 10.08 (EBITDA TTM 3.11b / Interest Expense TTM 273.7m) >= 6 (WARN >= 3)

Altman Z'' 5.95

(A) 0.32 = (Total Current Assets 2.99b - Total Current Liabilities 1.09b) / Total Assets 5.96b

(B) 0.12 = Retained Earnings (Balance) 723.4m / Total Assets 5.96b

(D) 0.15 = Book Value of Equity 718.2m / Total Liabilities 4.79b

Total Rating: 5.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 88.52

1. Piotroski 8.50pt = 3.50

2. FCF Yield 1.34% = 0.67

3. FCF Margin 53.59% = 7.50

4. Debt/Equity 3.01 = -0.78

5. Debt/Ebitda 0.74 = 2.08

6. ROIC - WACC (= 38.40)% = 12.50

7. RoE 257.7% = 2.50

8. Rev. Trend 96.38% = 7.23

9. EPS Trend 66.46% = 3.32

What is the price of APP shares?

As of November 03, 2025, the stock is trading at USD 637.33 with a total of 4,312,142 shares traded.
Over the past week, the price has changed by -0.90%, over one month by -6.77%, over three months by +61.35% and over the past year by +300.56%.

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 88.52 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 681.37 USD . This means that APP is currently overvalued and has a potential downside of 6.91%.

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	648.8	1.8%
Analysts Target Price	648.8	1.8%
ValueRay Target Price	804.7	26.3%

APP Fundamental Data Overview October 28, 2025

Market Cap USD = 209.71b (209.71b USD * 1.0 USD.USD)
P/E Trailing = 85.5172
P/E Forward = 50.5051
P/S = 36.5511
P/B = 198.1285
P/EG = 1.8373
Beta = 2.527
Revenue TTM = 5.31b USD
EBIT TTM = 2.76b USD
EBITDA TTM = 3.11b USD
Long Term Debt = 3.51b USD (from longTermDebt, last quarter)
Short Term Debt = 14.8m USD (from shortTermDebt, last fiscal year)
Debt = 3.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.32b USD (from netDebt column, last quarter)
Enterprise Value = 212.03b USD (209.71b + Debt 3.51b - CCE 1.19b)
Interest Coverage Ratio = 10.08 (Ebit TTM 2.76b / Interest Expense TTM 273.7m)
FCF Yield = 1.34% (FCF TTM 2.85b / Enterprise Value 212.03b)
FCF Margin = 53.59% (FCF TTM 2.85b / Revenue TTM 5.31b)
Net Margin = 45.72% (Net Income TTM 2.43b / Revenue TTM 5.31b)
Gross Margin = 80.87% ((Revenue TTM 5.31b - Cost of Revenue TTM 1.02b) / Revenue TTM)
Gross Margin QoQ = 87.68% (prev 81.72%)
Tobins Q-Ratio = 35.58 (Enterprise Value 212.03b / Total Assets 5.96b)
Interest Expense / Debt = 1.46% (Interest Expense 51.4m / Debt 3.51b)
Taxrate = 12.69% (112.1m / 884.0m)
NOPAT = 2.41b (EBIT 2.76b * (1 - 12.69%))
Current Ratio = 2.74 (Total Current Assets 2.99b / Total Current Liabilities 1.09b)
Debt / Equity = 3.01 (Debt 3.51b / totalStockholderEquity, last quarter 1.17b)
Debt / EBITDA = 0.74 (Net Debt 2.32b / EBITDA 3.11b)
Debt / FCF = 0.81 (Net Debt 2.32b / FCF TTM 2.85b)
Total Stockholder Equity = 942.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 40.77% (Net Income 2.43b / Total Assets 5.96b)
RoE = 257.7% (Net Income TTM 2.43b / Total Stockholder Equity 942.6m)
RoCE = 61.95% (EBIT 2.76b / Capital Employed (Equity 942.6m + L.T.Debt 3.51b))
RoIC = 53.50% (NOPAT 2.41b / Invested Capital 4.50b)
WACC = 15.10% (E(209.71b)/V(213.23b) * Re(15.33%) + D(3.51b)/V(213.23b) * Rd(1.46%) * (1-Tc(0.13)))
Discount Rate = 15.33% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.77%
[DCF Debug] Terminal Value 61.25% ; FCFE base≈2.26b ; Y1≈2.79b ; Y5≈4.76b
Fair Price DCF = 103.4 (DCF Value 31.82b / Shares Outstanding 307.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 66.46 | EPS CAGR: 68.34% | SUE: -4.0 | # QB: 0
Revenue Correlation: 96.38 | Revenue CAGR: 22.95% | SUE: 0.86 | # QB: 4

Additional Sources for APP Stock

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