APP
AppLovin Corp
Technology • Nasdaq • CIK 0001751008
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Market Cap
$97.38B
P/E (TTM)
22.2x
Rev Growth (TTM)
+60.6%
Net Margin (TTM)
64.6%
FCF Yield (TTM)
—
FCF Margin (TTM)
—
Figures as of June 30, 2026
Filings
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
10-Q2026 Q22026-08-05source
8-KEarnings2026-08-05source
8-KJun 20262026-06-05source
10-Q2026 Q12026-05-06source
8-KEarnings2026-05-06source
What your agent reads
Investor Relations
Company-published material — management’s own words, not SEC-audited. Each source below is labeled so your agent knows what to verify.
Company-published, not SEC-audited
Earnings
Q2
about 2 months ago
8-K releaseRevenue
$1.92B
+53.0%
Net Income
$1.27B
—
EPS
$3.76
+57.3%
Most recent quarterly earnings snapshot
Cash Flow Health
Free Cash Flow2/8 positive
TTM–
Q2 '26
$331.7M+79%
Q1 '26
$185.4M
FCF Margin
TTM–
Q2 '2617.2%+71%
Sector: 10.3%
OCF Margin
66.3%
OCF/NI1.03x
CapEx Coverage
–
FCF Yield–
FCF Growth (3Y)–
Cash Conversion Cycle
-207 days
DSO: 97+DIO: –−DPO: 304
Cash flow trends & capital efficiency
Capital Allocation
Total Shareholder YieldTTM
TTM2.5%
Dividend & Payout Metrics
Dividend Yield (TTM)—
Stock Repurchases (TTM)$2.5B
Shares Outstanding (YoY)-1.0%↓ Buyback
Shows how management rewards shareholders
Valuation Metrics
Price-to-EarningsTTM
22.2x
Volatile
8Q: 37.5x+309%
Valuation Lenses
Earnings
22.2x
vs – sector
Cash Flow
–
EV/FCF vs –
Growth-Adj
0.3xPEG
Undervalued for growth
Quality-Adj
0.3P/E per %ROIC
ROIC: 80.7%
Shareholder Returns
Dividend
–
Buyback
2.5%
Total Yield
2.5%
Market Cap$97.38B
EV$97.84B
Multi-angle valuation analysis with sector context
Margins & Efficiency
ROIC 75th pctile
Profitability Cascade
Gross
88.5%
Operating
77.4%
Top 25% in sector
Net
64.6%
Margins Unknown
Return on Invested CapitalTTM
80.7%
Moderate
+0.2% YoY8Q: 73.9%+33.4%
P25MedianP75
75th pctl (med: 3.7%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
65.5%
8Q: 65.9%
Asset Turnover
0.96x
8Q: 0.89x
Leverage (1+D/E)
2.11x
D/E: 1.11x
DuPont: 133.0% ≈ 80.7% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
55.88x
8Q:38.87x
+5096.1%
Invested Cap Turn
1.36x
8Q:1.32x
+53.0%
Margin trends, ROIC, and capital efficiency
Balance Sheet & Solvency
ND/EBITDA 0.2x
Net Debt / EBITDA
0.2xNet Debt: $461.77M
Interest Coverage
25.8x
+Strong interest coverage: 25.8x
Leverage Metrics
Debt-to-Equity
1.11x
Balance sheet risk & solvency analysis
Related Research
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