AppLovin Corp (APP) Overview

Technology • Nasdaq • CIK 0001751008

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Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms

Market Cap
$130.42B
P/E (TTM)
26.0x
Rev Growth (TTM)
+57.8%
Net Margin (TTM)
65.9%
FCF Yield (TTM)
—
FCF Margin (TTM)
—
Figures as of September 30, 2026
Data coverage notes

FCF (TTM): not computed. MetricDuck found no trailing-twelve-month capital expenditure for this company in filed XBRL. It reads the common capex concepts; a filer can tag capital spending under one it does not read, report it net of disposals, or fold it into another investing line (common for banks and broker-dealers), so this is not evidence the company has no capital spending. TTM free cash flow, FCF Yield, FCF Margin and EV/FCF are not computed, and operating cash flow is not a substitute.

Filings

Primary-source SEC disclosures, read end-to-end. SEC figures cite the filing they come from.

What your agent reads

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

Q3
12 days ago
8-K release
Revenue
$2.18B
+55.5%
Net Income
$1.44B
—
EPS
$4.30
+75.5%
Most recent quarterly earnings snapshot

Cash Flow Health

Free Cash Flow0/8 positive
TTM–
Q3 '26
–
Q2 '26
–
FCF Margin
TTM–
Sector: 10.3%
OCF Margin
64.4%
OCF/NI0.98x
CapEx Coverage
–
FCF Yield–
FCF Growth (3Y)–
Cash Conversion Cycle
-215 days
DSO: 95+DIO: –−DPO: 310
Cash flow trends & capital efficiency

Capital Allocation

Total Shareholder YieldTTM
TTM2.5%
Dividend & Payout Metrics
Dividend Yield (TTM)—
Stock Repurchases (TTM)$3.2B
Shares Outstanding (YoY)-2.1%↓ Buyback
Shows how management rewards shareholders

Valuation Metrics

Price-to-EarningsTTM
26.0x
Volatile
8Q: 37.5x-2293%
Valuation Lenses
Earnings
26.0x
vs – sector
Cash Flow
–
EV/FCF vs –
Growth-Adj
0.3xPEG
Undervalued for growth
Quality-Adj
0.3P/E per %ROIC
ROIC: 83.0%
Shareholder Returns
Dividend
–
Buyback
2.5%
Total Yield
2.5%
Market Cap$130.42B
EV$130.77B

Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. iex.io/legal/hist-data-terms

Multi-angle valuation analysis with sector context

Margins & Efficiency

ROIC 75th pctile
Profitability Cascade
Gross
88.8%
Operating
77.8%
Top 25% in sector
Net
65.9%
Margins Unknown
Return on Invested CapitalTTM
83.0%
Moderate
+0.1% YoY8Q: 77.4%+20.6%
P25MedianP75
75th pctl (med: 4.4%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
65.7%
8Q: 65.9%
Asset Turnover
0.99x
8Q: 0.94x
Leverage (1+D/E)
2.07x
D/E: 1.07x
DuPont: 134.6% ≈ 83.0% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
64.58x
8Q:47.77x
+5538.0%
Invested Cap Turn
1.38x
8Q:1.33x
+35.2%
Margin trends, ROIC, and capital efficiency

Balance Sheet & Solvency

ND/EBITDA 0.1x
Net Debt / EBITDA
0.1xNet Debt: $342.40M
Interest Coverage
28.9x
+Strong interest coverage: 28.9x
Leverage Metrics
Debt-to-Equity
1.07x
Balance sheet risk & solvency analysis