$428.69
+0.96%
N/A+$4.09
Technology
Software - Application
NASDAQ
Active Trading
AppLovin Corporation provides a specialized software platform focused on empowering mobile application developers to enhance the marketing and revenue generation of their ...
Financial highlights
Latest / TTM · 6 periods
Snapshot
Latest / TTM: 2026-07-22
Gross Margin
—
Net Margin
—
P/E Ratio
—
Debt / Equity
—
Profitability
Profitability table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Gross MarginGross profit as a percentage of revenue. | 64.6% | 55.4% | 80.6% | 83.9% | 87.9% | — |
| Operating MarginOperating income as a percentage of revenue. | 5.4% | -1.7% | 41.9% | 59.3% | 75.8% | — |
| Net MarginNet income as a percentage of revenue. | 1.3% | -6.8% | 19.4% | 49.0% | 60.8% | — |
| EBITDA MarginEBITDA divided by revenue. | 20.8% | 18.2% | 68.6% | 73.8% | 79.5% | — |
| Pre-tax MarginPre-tax profit as a percentage of revenue. | 1.7% | -7.3% | 27.2% | 50.0% | 72.1% | — |
Liquidity & leverage
Liquidity & leverage table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Current RatioCurrent assets divided by current liabilities. | 5.05 | 3.35 | 1.71 | 2.19 | 3.32 | — |
| Quick RatioLiquid assets divided by current liabilities. | 5.05 | 3.35 | 1.71 | 2.19 | 3.32 | — |
| Cash RatioCash and equivalents divided by current liabilities. | 2.38 | 1.87 | 0.53 | 0.70 | 1.86 | — |
| Debt / AssetsDebt as a share of total assets. | 54.0% | 56.1% | 59.3% | 60.6% | 48.8% | — |
| Debt / EquityDebt compared with shareholder equity. | 1.56 | 1.72 | 2.53 | 3.26 | 1.66 | — |
Operating efficiency
Operating efficiency table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Receivables TurnoverHow often receivables are collected in a year. | 5.43x | 4.01x | 1.93x | 2.28x | 3.01x | — |
| Inventory TurnoverHow often inventory is sold in a year. | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | — |
| Payables TurnoverHow often payables are paid in a year. | 3.83x | 4.60x | 0.96x | 0.92x | 0.89x | — |
| Asset TurnoverRevenue generated per dollar of assets. | 0.45x | 0.48x | 0.34x | 0.55x | 0.75x | — |
| Working Capital TurnoverRevenue generated per dollar of working capital. | 2.10x | 1.42x | 1.81x | 3.35x | 2.52x | — |
Valuation ratios
Valuation ratios table
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| P/E RatioPrice paid for each dollar of earnings. | 965.78x | -20.25x | 39.46x | 69.19x | 68.48x | — |
| P/B RatioPrice paid for each dollar of book value. | 14.32x | 2.06x | 11.16x | 100.11x | 106.94x | — |
| P/S RatioPrice paid for each dollar of sales. | 10.96x | 1.39x | 7.62x | 33.84x | 41.65x | — |
| P/FCF RatioPrice paid for each dollar of free cash flow. | 84.94x | 9.49x | 13.27x | 52.10x | 57.90x | — |
| Dividend YieldAnnual dividend divided by current share price. | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |