Reading the tape
NASDAQ: APP
AppLovin Corporation
Technology · Software - Application
Market Cap
$159.72B
52w High
$745.61
52w Low
$290.96
P/E
48.18
Volume
3.71M
Outstanding Shares
336.26M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 57.37%Revenue (TTM): 45.98%FCF (TTM): 88.56%P/FCF: 53rd pct
What changed
The stock rose 57.37% over the last year. Revenue grew 45.98% over the trailing twelve months. Operating margin moved from 46.93% to 68.47%. Free cash flow grew 88.56% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 53rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 68.47%. Revenue grew 45.98% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally.
CEOAdam Arash Foroughi
SectorTechnology
IndustrySoftware - Application
Employees876
IPO dateApr 15, 2021
Valuation
Forward P/E—
EV/EBITDA52.66
Enterprise value$229.34B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth20.77%
Gross margin86.48%▲16.80%vs FY2024
Operating margin68.47%▲90.42%vs FY2024
ROE156.17%▲7.74%vs FY2024
Analyst consensus
RatingBuy
Target price$649.86▲36.81%
23
Buy
2
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $3.40 · Revenue est $1.78B
View
Congressional Activity
Congress Trades in APP
STOCK Act disclosures from senators and representatives.
Gilbert Cisneros
CAhouseDemocratSale2026-03-18$15,001 - $50,000+21d to disclose