Overview Dividends

(APP) Applovin - Ratings and Ratios

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

AdTech, Measurement, CTV, Gaming, Exchange

Application Software
Market Cap in USD: 222,274m

IPO / Inception: 2021-04-15
Return 12m vs S&P 500: 89.9%

EPS (Earnings per Share)

EPS CAGR: 149.05%
EPS Trend: 95.1%

Last SUE: 0.39
Qual. Beats: 0

Revenue

Rev. CAGR: 16.46%
Rev. Trend: 81.6%

Last SUE: 0.34
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	67.9%
Value at Risk 5%th	96.0%
Relative Tail Risk	-14.02%

Reward TTM
Sharpe Ratio	1.26
Alpha	79.14
CAGR/Max DD	5.59

Character TTM
Hurst Exponent	0.607
Beta	2.145
Beta Downside	2.520

Drawdowns 3y
Max DD	57.00%
Mean DD	11.30%
Median DD	7.31%

Description: APP Applovin December 17, 2025

AppLovin Corp. (NASDAQ: APP) operates a software platform that helps advertisers acquire and monetize mobile and connected-TV audiences worldwide. Its business is split between an Advertising segment-offering solutions such as AppDiscovery, the MAX in-app bidding engine, the Adjust analytics suite, and the Wurl CTV distribution network-and an Apps segment that runs free-to-play games developed in-house or with partners.

Key recent metrics (FY 2023) include ≈ $2.2 billion in total revenue, a 30 % year-over-year increase driven largely by growth in the MAX bidding product, and an adjusted EBITDA margin of roughly 22 %. The Adjust platform now tracks over 1 billion monthly active devices, underscoring its data-network effect.

The mobile advertising market remains a primary sector driver, with global mobile ad spend projected to grow at a 12 % CAGR through 2027. A parallel shift toward connected-TV (CTV) inventory-accelerated by cord-cutting and higher CPMs on CTV-offers AppLovin a diversification lever via its Wurl and AppLovin Exchange offerings.

For a deeper quantitative view, the ValueRay analysis of APP provides additional context on valuation and risk factors.

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) 90.10

1. Piotroski 8.50pt

2. FCF Yield 1.50%

3. FCF Margin 60.75%

4. Debt/Equity 2.38

5. Debt/Ebitda 0.52

6. ROIC - WACC (= 44.32)%

7. RoE 262.9%

8. Rev. Trend 81.60%

9. EPS Trend 95.07%

What is the price of APP shares?

As of December 19, 2025, the stock is trading at USD 694.37 with a total of 3,594,800 shares traded.
Over the past week, the price has changed by -3.15%, over one month by +32.01%, over three months by +11.72% and over the past year by +121.79%.

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	740	6.6%
Analysts Target Price	740	6.6%
ValueRay Target Price	896.2	29.1%

APP Fundamental Data Overview December 19, 2025

Market Cap USD = 222.27b (222.27b USD * 1.0 USD.USD)
P/E Trailing = 77.4918
P/E Forward = 45.4545
P/S = 35.2399
P/B = 150.6733
P/EG = 1.4186
Beta = 2.509
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 = 224.12b USD (222.27b + Debt 3.51b - CCE 1.67b)
Interest Coverage Ratio = 13.16 (Ebit TTM 3.29b / Interest Expense TTM 249.9m)
FCF Yield = 1.50% (FCF TTM 3.35b / Enterprise Value 224.12b)
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 = 35.33 (Enterprise Value 224.12b / 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 = 13.72% (E(222.27b)/V(225.79b) * Re(13.92%) + D(3.51b)/V(225.79b) * Rd(1.46%) * (1-Tc(0.18)))
Discount Rate = 13.92% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.94%
[DCF Debug] Terminal Value 64.66% ; FCFE base≈2.71b ; Y1≈3.34b ; Y5≈5.70b
Fair Price DCF = 141.0 (DCF Value 43.37b / Shares Outstanding 307.6m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 95.07 | EPS CAGR: 149.1% | SUE: 0.39 | # QB: 0
Revenue Correlation: 81.60 | Revenue CAGR: 16.46% | SUE: 0.34 | # QB: 0
EPS next Quarter (2026-03-31): EPS=3.14 | Chg30d=+0.007 | Revisions Net=+2 | Analysts=12
EPS next Year (2026-12-31): EPS=14.55 | Chg30d=+0.233 | Revisions Net=+5 | Growth EPS=+55.6% | Growth Revenue=+35.6%

Additional Sources for APP Stock

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