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Profile & Fundamentals

AppLovin Profile & Fundamentals

Name: AppLovin financial chart data preview
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Company and Market Context

Company Profile & Ownership

AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.

Company profile record

Applovin Corp

Common Stock · Information Technology · Application Software

Official website

Company

Company / asset: Applovin Corp
Security type: Common Stock
Sector: Information Technology
Industry: Application Software
HQ: 🇺🇸 United States
Head office: 1100 Page Mill Road, Palo Alto, CA, United States, 94304

Leadership & scale

Chief executive: Mr. Adam Arash Foroughi
CEO year born: 1981
Full-time employees: 876
Fiscal year end: December
IPO date: 2021-04-15

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 104.1B
P/E: 23.6x
Revenue (Q2 26): USD 1.9B
Profit (Q2 26): USD 1.3B
Dividend Yield: --
Revenue (FY 25): USD 5.5B
Shares in public float: 253.4M
Insider ownership: 14.31%

Reporting & identifiers

Symbol: APP.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US03831W1080
Asset ID: equity_974e2550-0928-5297-b3d9-f09b22edd483

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc23,640,172 shares · 7.06% · Reported 2026-03-31
Vanguard Capital Management, LLC16,750,884 shares · 5.01% · Reported 2026-03-31
FMR Inc15,691,414 shares · 4.69% · Reported 2026-03-31
State Street Corp11,767,329 shares · 3.52% · Reported 2026-03-31
Amvescap Plc.10,589,435 shares · 3.16% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest8,761,388 shares · 2.62% · Reported 2026-07-31
Capital World Investors8,150,954 shares · 2.44% · Reported 2026-06-30

View more holders (8)

Geode Capital Management, LLC7,288,372 shares · 2.18% · Reported 2026-03-31
Vanguard 500 Index Investor7,063,011 shares · 2.11% · Reported 2026-07-31
Invesco QQQ Trust6,576,698 shares · 1.97% · Reported 2026-08-31
Baillie Gifford & Co Limited.6,471,615 shares · 1.93% · Reported 2026-06-30
Vanguard Portfolio Management, LLC5,935,893 shares · 1.77% · Reported 2026-03-31
Morgan Stanley - Brokerage Accounts5,604,841 shares · 1.67% · Reported 2026-03-31
T. Rowe Price Associates, Inc.5,434,726 shares · 1.62% · Reported 2026-03-31
WCM Investment Management5,001,600 shares · 1.49% · Reported 2026-03-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's recent financial performance has been incredibly strong, highlighted by massive revenue growth and a huge surge in net income. This explosive growth has allowed the business to generate billions of dollars in free cash flow. However, there is a clear disagreement about whether this performance can last. Some reports believe this cash-printing machine will continue to run smoothly as the company expands into online shopping. Others warn that the current hyper-growth is reaching its peak and will soon slow down. A major point of concern is that the company has significantly cut its spending on research and development, which could hurt its ability to compete in the future. Overall, while the current numbers look amazing, the future outlook is highly debated.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company is currently enjoying historically high profit margins, with operating margins reaching over seventy percent. This level of profitability is almost unheard of in the technology sector and reflects the incredible efficiency of its advertising engine. However, there is a sharp clash over whether these margins are sustainable. Optimistic views suggest that these high margins are a permanent feature of a dominant software monopoly. In contrast, cautious reports argue that these margins represent a temporary peak driven by data loopholes that will soon compress back to normal industry standards. The key signal to watch will be the profitability of the new online shopping segment, as entering this competitive market could dilute the company's overall margins.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2018-12-31	483,363,000	137,631,000	-259,995,000	88.88	50.16	-53.79	28.47
2019-12-31	994,104,000	195,104,000	119,040,000	75.73	19.55	11.97	19.63
2020-12-31	1,451,086,000	219,642,000	-125,187,000	61.71	-4.28	-8.63	15.14
2021-12-31	2,793,104,000	356,394,000	35,446,000	64.62	5.37	1.27	12.76
2022-12-31	2,817,058,000	412,111,000	-192,746,000	55.41	-1.7	-6.84	14.63
2023-12-31	1,841,762,000	1,057,264,000	357,211,000	80.64	41.94	19.4	57.41
2024-12-31	3,224,058,000	2,094,235,000	1,579,790,000	83.85	59.27	49	64.96
2025-12-31	5,480,717,000	3,942,776,000	3,333,764,000	87.86	75.75	60.83	71.94

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	68.7	Trailing four quarters
2024-12-31	71.01	Trailing four quarters
2023-12-31	38.82	Trailing four quarters
2021-12-31	911.5	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2018-01-01	324,102,600
2019-01-01	200,949,500
2020-01-01	220,751,400
2021-01-01	342,763,600
2022-01-01	375,015,100
2023-01-01	347,492,500
2024-01-01	346,423,800
2025-01-01	339,898,000
2026-01-01	337,875,000

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Dividends & Actions
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