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AppLovin Corporation (APP) Stock: Price, Forecast & Analyst Target

AppLovin Corporation (APP) — MoonshotScore 96/100 (Exceptional band), calculated Oct 5, 2026. Price $281.97 (+5.13%), as of the Oct 6, 2026 trading session; market cap $94.7B. Expected results Nov 4, 2026.

Educational signal · not a buy or sell recommendation · How to read this

$281.97 +$13.75 (+5.13%) Market Cap $94.7B

AppLovin Corporation · APP · NASDAQ · Technology · Software - Application

Research dated 2026-09-12: AppLovin runs advertising infrastructure for mobile applications: AppDiscovery matches advertiser demand with publisher supply, MAX auctions in-app inventory, and Adjust measures campaign performance. Revenue and profit are expanding rapidly, so the case rests on whether auction-driven growth and exceptional margins can persist while training and inference costs rise.

Price as of Oct 6, 2026

Key Statistics

96 of 100

MoonshotScore v2 · AppLovin (APP)

Exceptional
Business Quality Elite (99)
Financial Safety Fortress (94)
Valuation Full (45)
Growth Durability Compounding (98)
Momentum Falling (18)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite quality, a fortress balance sheet and elite growth, with no real weak spot — fairly priced, so not a bargain entry, and the price trend has turned against it. Business Quality: Elite; Financial Safety: Fortress; Valuation: Full; Growth Durability: Compounding; Momentum: Falling.

  • quarterly revenue $1.92B (Q2 FY2026, quarter ended Jun 2026)
  • EPS beat 7 of 8
  • Altman Z 14.63 · Piotroski F 8

Holding back: weak price trend

Helping: business quality, balance-sheet strength, durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for APP (30 recorded, newest six shown)
RecordedScoreBand
97Exceptional
97Exceptional
97Exceptional
96Exceptional
96Exceptional
96Exceptional

The score was 96 in the stored Oct 4, 2026 snapshot and remains 96 in the current publication computed Oct 5, 2026 (0).

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$281.97
Change on the day+5.13%
52-week range$266.84–$738.01
Market capitalisation$94.7B
Price / earnings (trailing)21.52
Beta (volatility vs the S&P 500)2.53

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 6, 2026: low $268, high $721, latest $282. 4 reported quarters marked, 3 above and 0 below the recorded estimate. $721 $268 high $721 Nov 5, 2025 · Earnings results · reported above the recorded estimate · close $6201Feb 11, 2026 · Earnings results · reported above the recorded estimate · close $3912May 6, 2026 · Earnings results · reported above the recorded estimate · close $4693Aug 5, 2026 · Earnings results · reported in line with the recorded estimate · close $3474 Sep 5, 2025 Oct 6, 2026 · $282 $490Sep 5, 2025$650Sep 19, 2025$683Oct 3, 2025$599Oct 17, 2025$637Oct 31, 2025$558Nov 14, 2025$599Nov 28, 2025$671Dec 12, 2025$714Dec 26, 2025$648Jan 9, 2026$524Jan 23, 2026$407Feb 6, 2026$419Feb 20, 2026$502Mar 6, 2026$442Mar 20, 2026$386Apr 2, 2026$477Apr 17, 2026$460May 1, 2026$501May 15, 2026$613May 29, 2026$497Jun 12, 2026$477Jun 26, 2026$507Jul 10, 2026$392Jul 24, 2026$347Aug 7, 2026$306Aug 21, 2026$321Sep 4, 2026$308Sep 18, 2026$268Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · in line with the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

The provider's estimated date can change.

What to watch next

Other perspectives

Council score for AppLovin (APP): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Strong
Momentum Weak
Business Quality Strong
Financial Safety Strong
Valuation Neutral

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Neutral read
Simons-style lens (simulated) Jim Simons Unfavorable read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Favorable read

Read on: Oct 2, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Strong
Margin of Safety Fairly Valued
Profit Margin Strong
Revenue Growth Strong
Debt/Equity Negative
ROE Strong
Gross Margin Strong

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 6, 2026, except a card that shows its own read date.

Watch the APP film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is AppLovin (APP), and what does it report?

Short answer · as of

AppLovin sells the machinery behind mobile advertising rather than the applications themselves.

Research dated 2026-09-12.

AppLovin sells the machinery behind mobile advertising rather than the applications themselves. Advertisers use AppDiscovery to bid for users, publishers use MAX to auction inventory, and marketers use Adjust to measure and optimize campaigns while protecting user data.

The accounts combine these activities within a consolidated reportable segment. Investors therefore see the economics of the platform as a whole, not separate revenue or profit contributions from AppDiscovery, MAX, and Adjust.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy); Revenue by segment

2 · Latest results

What do the latest results show for AppLovin (APP)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $1.92B.

Research dated 2026-09-12.

The latest quarter extended the rise in revenue, gross profit, operating income, net income, and diluted earnings. That strength followed a sharp annual expansion in revenue and profitability, although operating cash flow retreated from the previous quarter.

The latest revenue result came in below the market estimate while diluted earnings matched expectations, breaking with a run in which reported results generally exceeded estimates. Management guided to continued sequential revenue growth, said higher training and inference costs were incorporated in that outlook, and expected cash conversion to improve.

Sources (as of 2026-09-12): Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026Not availableNot availableNot availableNot available
Mar 31, 2026Not availableNot availableNot availableNot available
Dec 31, 2025Not availableNot availableNot availableNot available
Sep 30, 2025Not availableNot availableNot availableNot available

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$1.92B Aug 5, 2026
Latest report · revenue estimate
$1.94B Aug 5, 2026
Latest report · revenue vs estimate
Below estimate Aug 5, 2026
Latest report · EPS vs estimate
In line Aug 5, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 5, 2026$1.92B$1.94B$3.7600$3.7600
May 6, 2026$1.84B$1.77B$3.5600$3.4000
Feb 11, 2026$1.66B$1.61B$3.2400$2.9500
Nov 5, 2025$1.41B$1.34B$2.4500$2.3800

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$1.92B$1.27B$3.75 (diluted)
Q1 FY2026$1.84B$1.21B$3.56 (diluted)
Q4 FY2025$1.66B$1.10B$3.24 (diluted)
Q3 FY2025$1.41B$836M$2.45 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for AppLovin (APP)?

Short answer

Cash and short-term investments were $0.00 at the Jun 30, 2026 balance-sheet date. This figure does not establish a cash runway.

Research dated 2026-09-12.

AppLovin combines unusually high gross, operating, and net margins with substantial operating cash generation and minimal reported capital expenditure. Cash and short-term investments have climbed markedly, while liquidity and quality screens indicate ample near-term financial capacity.

Cash and investments remain slightly below total debt, so the balance sheet is not net-cash funded. More important operationally, weaker advertiser demand, poorer publisher monetization, or higher model-training and inference costs could pressure the auction economics that support revenue and cash conversion; the elevated sales and book multiples leave less room for such deterioration.

Sources (as of 2026-09-12): Business description; Operating cash flow by quarter (USD millions); Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash against market value; Trailing twelve-month ratio set; Distress and quality screens; Management outlook — dated call excerpts

4 · What to check next?

What should you watch next at AppLovin (APP)?

Short answer · as of

The next earnings report is expected on Nov 4, 2026.

Research dated 2026-09-12.

The upcoming report needs to be read across revenue, earnings, and cash conversion. Revenue should sustain its sequential advance toward management guidance and market expectations, while operating cash flow should recover if management's normalization claim is taking hold.

Training and inference expense is the sharper margin test because management has already included higher costs in its outlook. Buyback pace and the cash balance will also show whether weaker recent free cash flow was temporary enough to preserve management's stated capital-allocation posture.

Sources (as of 2026-09-12): Next earnings report; Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts

What the records here don't tell us

  • No forward revenue or earnings estimate is on file.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does AppLovin compare with its peers?

Short answer

AppLovin's score ranks 1st of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-12.

AppLovin is not best understood as ordinary application software sold by user seat. Its economics sit inside the advertising transaction: AppDiscovery routes demand, MAX creates competitive auctions for publisher inventory, and Adjust closes the measurement and optimization loop.

That integrated position links growth to the volume and value of advertiser demand matched with publisher supply. The tradeoff is limited product-level visibility because the financial statements present the platform through a consolidated reportable segment.

Sources (as of 2026-09-12): Business description; Sector / industry (provider taxonomy); Revenue by segment; Trailing twelve-month ratio set

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
AppLovin (APP) — this page$281.97$94.7B96
Manhattan Associates, Inc. (MANH) Same industry, near in market value$205.45 Oct 5, 2026$12.0B92 5-pillar Oct 5, 2026
Zoom Communications, Inc. (ZM) Same industry, near in market value$93.62 Oct 5, 2026$27.5B89 5-pillar Oct 5, 2026
DocuSign (DOCU) Same industry, near in market value$70.03 Oct 5, 2026$13.3B86 5-pillar Oct 5, 2026
SAP SE (SAP) Same industry, near in market value$207.74 Oct 5, 2026$243B85 5-pillar Oct 5, 2026
PTC Inc. (PTC) Same industry, near in market value$192.26 Oct 5, 2026$22.2B85 5-pillar Oct 5, 2026
Intuit Inc. (INTU) Named competitor$284.68 Oct 5, 2026$77.4B82 5-pillar Oct 5, 2026
Fair Isaac Corporation (FICO) Same industry, near in market value$689.61 Oct 5, 2026$14.9B81 5-pillar Oct 5, 2026
Shopify Inc. (SHOP) Named competitor$160.11 Oct 5, 2026$207B76 5-pillar Oct 5, 2026
Workday, Inc. (WDAY) Named competitor$188.96 Oct 5, 2026$49.5B76 5-pillar Oct 5, 2026
Cadence Design Systems, Inc. (CDNS) Same industry, near in market value$353.48 Oct 5, 2026$97.6B76 5-pillar Oct 5, 2026
Autodesk, Inc. (ADSK) Same industry, near in market value$221.56 Oct 5, 2026$46.8B75 5-pillar Oct 5, 2026
Dynatrace, Inc. (DT) Same industry, near in market value$60.21 Oct 5, 2026$17.3B75 5-pillar Oct 5, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Technology stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$325.00 – $790.00
Consensus target
$532.25
Median target
$512.50

Consensus record · Captured .

Measured against a quoted price of $281.97 (as of Oct 6, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Aug 20, 2026

Transactions
98
Identified insiders
9
Purchases
0
Sales
85
Other transactions
13

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

What has been published about AppLovin (APP)?

Read these with our analysis →

AppLovin Technology Stock: Key Questions Answered

Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

How do AppDiscovery and MAX fit together inside AppLovin?

AppDiscovery connects advertiser demand with publisher supply through auctions, while MAX runs competitive bidding for advertising inventory inside applications. Together they place AppLovin between campaign spending and publisher monetization.

Sources (as of 2026-09-12): Business description

What does Adjust add to AppLovin's advertising platform?

Adjust gives marketers performance measurement, campaign optimization, and user-data protection. It complements AppDiscovery and MAX by helping customers evaluate and refine the campaigns flowing through mobile applications.

Sources (as of 2026-09-12): Business description

Why did AppLovin moderate its share repurchases?

Management attributed the slower pace to lower free cash flow during the quarter and said it did not signal weaker conviction or a change in intended use of the authorization. The decline in operating cash flow makes the promised recovery in cash conversion the relevant check.

Sources (as of 2026-09-12): Management outlook — dated call excerpts; Operating cash flow by quarter (USD millions)

Why was AppLovin's latest earnings result less clean than the preceding run?

Revenue fell below the market estimate while diluted earnings matched expectations. Earlier reports had generally exceeded expectations, even as the latest income statement continued to show sequential growth in revenue and profit.

Sources (as of 2026-09-12): Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands)

What is the APP stock price today?

The last price recorded on this page for AppLovin Corporation (APP) is $281.97, as of the Oct 6, 2026 trading session (source: Financial Modeling Prep (FMP) quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the APP price target?

The analyst consensus price target for AppLovin Corporation (APP) is $532.25 (range $325.00 to $790.00, median $512.50), per FMP data captured Oct 5, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-12): Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Trailing twelve-month ratio set; Management outlook — dated call excerpts

Sources — records for every figure on this page (44 figures)

The 44 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business addressPalo Alto, CAOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "1100 Page Mill Road, Palo Alto, CA, 94304, US".

FMP — 37 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$281.97FMPFinancial Modeling Prep (FMP) quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time.
px.changeChange on the day+5.13%FMPFinancial Modeling Prep (FMP) quote
px.mcapMarket capitalization$94.7BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-06. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
earn.nextNext earnings dateNov 4, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.change_absChange on the day, in dollars+$13.75FMPFinancial Modeling Prep (FMP) quote
fin.q_revenueRevenue, Q2 FY2026$1.92BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$266.84–$738.01FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)21.52FMPFinancial Modeling Prep (FMP) · quote
px.betaBeta2.53FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveAdam Arash ForoughiFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees887FMPFinancial Modeling Prep (FMP) company profile
fin.annualRevenue and net result by fiscal year5 fiscal years, FY1970 through FY2025: FY1970 revenue $0.00, net result $0.00; FY2022 revenue $0.00, net result $0.00; FY2023 revenue $0.00, net result $0.00; FY2024 revenue $0.00, net result $0.00; FY2025 revenue $0.00, net result $0.00FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.gross_marginGross margin (trailing twelve months)88.5%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
earn.history.depth.2026-08-05.revenue_actualRevenue · reported — report date 2026-08-05$1.92BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.revenue_estimatedRevenue · estimate — report date 2026-08-05$1.94BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_actualEPS · reported — report date 2026-08-05$3.7600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-05.eps_estimatedEPS · estimate — report date 2026-08-05$3.7600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-06.revenue_actualRevenue · reported — report date 2026-05-06$1.84BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-06.revenue_estimatedRevenue · estimate — report date 2026-05-06$1.77BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-06.eps_actualEPS · reported — report date 2026-05-06$3.5600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-06.eps_estimatedEPS · estimate — report date 2026-05-06$3.4000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-11.revenue_actualRevenue · reported — report date 2026-02-11$1.66BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-11.revenue_estimatedRevenue · estimate — report date 2026-02-11$1.61BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-11.eps_actualEPS · reported — report date 2026-02-11$3.2400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-11.eps_estimatedEPS · estimate — report date 2026-02-11$2.9500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.revenue_actualRevenue · reported — report date 2025-11-05$1.41BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.revenue_estimatedRevenue · estimate — report date 2025-11-05$1.34BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.eps_actualEPS · reported — report date 2025-11-05$2.4500Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-05.eps_estimatedEPS · estimate — report date 2025-11-05$2.3800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. The market-value ratio is undefined when the reported amount is zero.
fin.total_debtTotal debt$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value29.89×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
earn.pt_rangeAnalyst price target, low to high$325.00 – $790.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$532.25FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$512.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 5, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP98 transactions · 0 purchases, 85 sales, 13 other transactions · 9 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Aug 20, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 7 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-03 · Expired observation
fin.scoresDistress and quality screensAltman Z 14.63 · Piotroski F 8UNRECORDEDStored financial-scores observation — Captured 2026-10-03 · Expired observation

COMPUTED — 2 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.history.depth.2026-08-05.revenue_actual.comparisonLatest report · revenue vs estimateBelow estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.92B) with the recorded estimate ($1.94B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-05.eps_actual.comparisonLatest report · EPS vs estimateIn lineReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($3.7600) with the recorded estimate ($3.7600) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v296 of 100 · Exceptional · pillars 99 / 94 / 45 / 98 / 18OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement96 (stored snapshot Oct 4, 2026) → 96 (current publication computed Oct 5, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Earnings-history note. Source series as of 2026-08-05. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-05.revenue_actual, earn.history.depth.2026-08-05.revenue_estimated, earn.history.depth.2026-08-05.revenue_actual.comparison, earn.history.depth.2026-08-05.eps_actual.comparison, earn.history.depth.2026-08-05.eps_actual, earn.history.depth.2026-08-05.eps_estimated, earn.history.depth.2026-05-06.revenue_actual, earn.history.depth.2026-05-06.revenue_estimated, earn.history.depth.2026-05-06.eps_actual, earn.history.depth.2026-05-06.eps_estimated, earn.history.depth.2026-02-11.revenue_actual, earn.history.depth.2026-02-11.revenue_estimated, earn.history.depth.2026-02-11.eps_actual, earn.history.depth.2026-02-11.eps_estimated, earn.history.depth.2025-11-05.revenue_actual, earn.history.depth.2025-11-05.revenue_estimated, earn.history.depth.2025-11-05.eps_actual, earn.history.depth.2025-11-05.eps_estimated.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-12

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
AppLovin Corporation provides a specialized software platform focused on empowering mobile application developers to enhance the marketing and revenue generation of their products. With operations spanning the United States and international markets, the company assists mobile app developers worldwide. Among its core software offerings is AppDiscovery, a marketing solution that intelligently connects advertiser demand with publisher supply through an auction-based model. Another key product is Adjust, an analytics platform that enables marketers to scale their mobile apps by offering capabilities for performance measurement, campaign optimization, and user data protection. Additionally, MAX is an in-app bidding software engineered to maximize the value derived from an app's advertising inventory by facilitating real-time competitive auctions. Its client base is broad, serving advertisers, publishers, internet platforms, and other stakeholders. Founded in 2011, the enterprise maintains its headquarters in Palo Alto, California.
2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $3.76 per share, R&D: $99.90M, SG&A: $103.71M, EPS basic: $3.77 per share, EPS basis: diluted, Revenue: $1.92B, EPS diluted: $3.76 per share, Net result: $1.27B, Gross profit: $1.70B, Operating result: $1.49B
  • Quarter ended 2026-03-31 — EPS: $3.56 per share, R&D: $94.10M, SG&A: $104.78M, EPS basic: $3.57 per share, EPS basis: diluted, Revenue: $1.84B, EPS diluted: $3.56 per share, Net result: $1.21B, Gross profit: $1.64B, Operating result: $1.44B
  • Quarter ended 2025-12-31 — EPS: $3.24 per share, R&D: $82.22M, SG&A: $116.95M, EPS basic: $3.26 per share, EPS basis: diluted, Revenue: $1.66B, EPS diluted: $3.24 per share, Net result: $1.10B, Gross profit: $1.47B, Operating result: $1.28B
  • Quarter ended 2025-09-30 — EPS: $2.45 per share, R&D: $43.85M, SG&A: $107.33M, EPS basic: $2.47 per share, EPS basis: diluted, Revenue: $1.41B, EPS diluted: $2.45 per share, Net result: $835.54M, Gross profit: $1.23B, Operating result: $1.08B
  • Quarter ended 2025-06-30 — EPS: $2.39 per share, R&D: $44.03M, SG&A: $101.96M, EPS basic: $2.42 per share, EPS basis: diluted, Revenue: $1.26B, EPS diluted: $2.39 per share, Net result: $819.53M, Gross profit: $1.10B, Operating result: $957.68M
  • Quarter ended 2025-03-31 — EPS: $1.67 per share, R&D: $56.41M, SG&A: $110.91M, EPS basic: $1.7 per share, EPS basis: diluted, Revenue: $1.16B, EPS diluted: $1.67 per share, Net result: $576.42M, Gross profit: $1.01B, Operating result: $839.98M
  • Quarter ended 2024-12-31 — EPS: $1.73 per share, R&D: $169.48M, SG&A: $274.87M, EPS basic: $1.77 per share, EPS basis: diluted, Revenue: $1.37B, EPS diluted: $1.73 per share, Net result: $599.20M, Gross profit: $1.05B, Operating result: $607.98M
  • Quarter ended 2024-09-30 — EPS: $1.25 per share, R&D: $80.78M, SG&A: $99.19M, EPS basic: $1.29 per share, EPS basis: diluted, Revenue: $835.19M, EPS diluted: $1.25 per share, Net result: $434.42M, Gross profit: $714.27M, Operating result: $534.30M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $226.51M, Revenue: $5.48B, Period end: 2025-12-31, Net result: $3.33B
  • FY2024 — R&D: $374.71M, Revenue: $3.22B, Period end: 2024-12-31, Net result: $1.58B
  • FY2023 — R&D: $333.78M, Revenue: $1.84B, Period end: 2023-12-31, Net result: $357.21M
  • FY2022 — R&D: $507.61M, Revenue: $2.82B, Period end: 2022-12-31, Net result: -$192.75M
  • FY2021 — R&D: $366.40M, Revenue: $2.79B, Period end: 2021-12-31, Net result: $35.45M
2025-12-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Trailing twelve-month ratio set
Quick ratio: 4.3; Current ratio: 4.3; Debt to equity: 1.11; Net margin: 64.6%; Gross margin: 88.5%; Operating margin: 77.4%; Return on assets: 53.3%; Return on equity: 193.1%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-12FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Management outlook — dated call excerpts
Captured record · 4 entries
  • Call of 2026-08-05 — Quote: Turning to our outlook for the third quarter of 2026. We expect revenue between $2.055 billion and $2.085 billion, representing 46% to 48% year-over-year growth or 7% to 8% sequentially., Speaker: Matt Stumpf
  • Call of 2026-08-05 — Quote: These higher training and inference costs are built into our guidance for next quarter., Speaker: Adam Foroughi
  • Call of 2026-08-05 — Quote: We expect free cash flow conversion to improve in the third quarter and to normalize to roughly 75% of adjusted EBITDA for the full year., Speaker: Matt Stumpf
  • Call of 2026-08-05 — Quote: Our choice to moderate the pace of our buybacks this quarter relative to the roughly $1 billion we have deployed in the first quarter reflects consideration of our lower free cash flow during the quarter and does not indicate a change in conviction or in how we intend to use the authorization going forward., Speaker: Matt Stumpf

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-05OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Sector / industry (provider taxonomy)
Technology / Software - Application

The company's SEC filings classify it under SIC 7370 — Services-Computer Programming, Data Processing, Etc..

2026-09-12FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Reportable Segment: $5.48B
2025-12-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: $0, Operating cash flow: $869.04M
  • Quarter ended 2026-03-31 — Capital expenditure: $0, Operating cash flow: $1.29B
  • Quarter ended 2025-12-31 — Capital expenditure: -$28.32M, Operating cash flow: $1.31B
  • Quarter ended 2025-09-30 — Capital expenditure: $0, Operating cash flow: $1.05B
  • Quarter ended 2025-06-30 — Capital expenditure: $0, Operating cash flow: $772.23M
  • Quarter ended 2025-03-31 — Capital expenditure: $0, Operating cash flow: $831.71M
  • Quarter ended 2024-12-31 — Capital expenditure: -$4.78M, Operating cash flow: $701.00M
  • Quarter ended 2024-09-30 — Capital expenditure: -$3.20M, Operating cash flow: $550.70M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-05 — EPS actual: $3.76 per share, EPS estimated: $3.76 per share, Revenue actual: $1.92B, Revenue estimated: $1.94B
  • Reported 2026-05-06 — EPS actual: $3.56 per share, EPS estimated: $3.4 per share, Revenue actual: $1.84B, Revenue estimated: $1.77B
  • Reported 2026-02-11 — EPS actual: $3.24 per share, EPS estimated: $2.95 per share, Revenue actual: $1.66B, Revenue estimated: $1.61B
  • Reported 2025-11-05 — EPS actual: $2.45 per share, EPS estimated: $2.38 per share, Revenue actual: $1.41B, Revenue estimated: $1.34B
  • Reported 2025-08-06 — EPS actual: $2.26 per share, EPS estimated: $1.96 per share, Revenue actual: $1.26B, Revenue estimated: $1.22B
  • Reported 2025-05-07 — EPS actual: $1.67 per share, EPS estimated: $1.44 per share, Revenue actual: $1.48B, Revenue estimated: $1.38B
  • Reported 2025-02-12 — EPS actual: $1.73 per share, EPS estimated: $1.12 per share, Revenue actual: $1.37B, Revenue estimated: $1.26B
  • Reported 2024-11-06 — EPS actual: $1.25 per share, EPS estimated: $0.92 per share, Revenue actual: $1.20B, Revenue estimated: $1.13B
2026-08-05FMPFinancial Modeling Prep (FMP) earnings
Cash, investments and debt
Total debt: $3.52B; Liquidity basis: cash and short-term investments; Total liabilities: $5.11B; Cash and short-term investments: $3.05B; Cash and investments: $3.34B; Long-term investments: $289.96M; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and investment components
Total basis: cash short and long-term investments; Total: $3.34B; Cash and short-term investments: $3.05B; Long-term investments: $290.00M; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $3.05B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $2.76B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $2.49B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $1.67B, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $1.19B, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $551.00M, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $741.40M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $567.60M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$461.80M; Total debt: $3.52B; Cash and investments: $3.05B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Distress and quality screens
Altman Z-score: 16.83; Piotroski F-score: 8

Altman Z below 1.8 is the conventional distress zone. For a company holding large cash against negative retained earnings the score mostly reflects the retained-earnings term.

2026-09-12FMPFinancial Modeling Prep (FMP) financial scores
Next earnings report
Date: 2026-11-04; EPS estimate: $4.04 per share; Revenue estimate: $2.07B

The date is our provider's estimate until the company confirms it.

2026-09-12FMPFinancial Modeling Prep (FMP) earnings calendar
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold APP

Funds in our ETF coverage that list APP among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
iShares Expanded Tech-Software Sector ETF (IGV)4.85%
Motley Fool Innovative Growth ETF (MFIG)3.56%
NXTI ETF2.25%