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APP AppLovin Corp

Trailing twelve months to 2026-06-30 · as filed 2026-08-05, not restated
Technology

Scale

Market cap
$104.3bn
Revenue TTM
$6.5bn
Net income TTM
$4.4bn
Free cash flow
Composite score
67.5
Sector rank
#115

Valuation

P / E
23.7
EV / EBITDA
18.7
EV / sales
16.1
FCF yield
Earnings yield vs 10-yr
-0.50pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
67.8%
EBITDA margin
86.1%
ROE
139.4%
ROIC
150.8%
Revenue growth
22.4%

Insider activity, last 90 days

Net open-market
$-148.40m
Buyers
0
Sellers
4

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

We generate revenue when our advertisers achieve their return on advertising spend targets with our advertising solutions, ensuring that their success directly fuels our growth. Our Business Model We primarily generate revenue from fees paid by advertisers who use our advertising solutions to grow and monetize their content. As demand-side platforms continue to improve their recommendation systems and more apps adopt in-app advertising, we expect growth in the adoption of, and revenue from, MAX. Revenue from Adjust is primarily generated from an annual software subscription fee. …AppLovin Corp, 10-Q, period ended 2026-06-30, filed 2026-08-05

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