AppLovin Corp · Internet and software services

APP

Low riskAI: AI softwareNext report: Around Nov 4 (est.)

View price ↗

The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 53% in the latest quarter vs a year ago
Profitable, keeps 61% of sales as profit
Sales up 70% last year

Money moves

No insider buying or selling in the last 30 days
Institutions added 7% to their holdings in the quarter ending June 2026 (808 bought, 605 sold)
Held by Philippe Laffont (Coatue), Ray Dalio (Bridgewater), Terry Smith (Fundsmith)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$260.71+0.2% that day

Company value: $87.4B; Share price times all shares
Price vs profit (P/E): 20.0x; You pay about $20 for each $1 of yearly profit
Price vs sales: 12.8x; Company value is 12.8 times a year of sales
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 4%; Debt as a share of company value

From APP's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.9B+53% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $6.8B, up 61% from the 12 months before. Over 5 years, sales grew about 30% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of APP. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +61% a yearProfit margin50%Last 12 months: 64.6%P/E at the end20xToday: 20.0x. Many steady companies trade at 12x to 25xShare count change-3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$25.4B

Profit in 5 years$12.7B

Price these guesses point to$880.65+238% vs $260.71 todayAbout +28% a year, before dividends

What today's price needs: with a 50% margin and a 20x P/E, sales would have to grow about 1.9% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/5Mixed

MissDebt under half of equityNot relying on borrowed money.1.65x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.60.8%
MissProfitable every yearSteady profits, not one good year.5 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$4.0B
PassShare count not growingNot diluting owners. Falling means buybacks.-8.0% in 3 years

Revenue: $5.5B; +70.0% vs prior year
5-year growth: +30.4%/yr; revenue, per year
Total debt: $3.5B; 1.65x equity
Current ratio: 3.32x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 5

Revenue: $1.9B; +52.8% YoY
EPS: $3.76; vs $2.39
Op. margin: 77.7%; +1.6 pts
Gross margin: 88.3%; +0.6 pts
Free cash flow: $869.0M
Share count: -1.5%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 1.0
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+7.0%

Institutions added 7.0% to their holdings. 808 bought, 605 sold.

Shares held by institutions226.6M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-1.3%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

1.1x · $3.5B debt

Shares outstandingLatest reported

335M

Earnings reports

Last 12

Next reportAround Nov 4 (est.)Estimated from the same quarter last year

Results filedAug 5
Results filedMay 6
Results filedFeb 11
Results filedNov 5, 2025
Results filedAug 6, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Stock awardMaynard G Jr WebbDirector

67 shares

+2% of holdings
Now owns 3,265 shares
Filed 1 day after trade

Oct 15Form 4 ↗

Stock awardBarbara MessingDirector

64 shares

+1% of holdings
Now owns 10,254 shares
Filed 1 day after trade

Oct 15Form 4 ↗

Planned insider saleAug 21 · Form 144 ↗

Shares withheld for taxesCorina I CacoveanChief Legal Officer

1,540 shares at $308.77 · $476K

-24% of holdings
Now owns 4,787 shares
Filed 1 day after trade

Aug 20Form 4 ↗

Shares withheld for taxesArash Adam ForoughiCEO, Director, 10% owner

2,730 shares at $308.77 · $843K

-0% of holdings
Now owns 2,324,954 shares
Filed 1 day after trade

Aug 20Form 4 ↗

Shares withheld for taxesXiaochuan GeCTO

5,459 shares at $308.77 · $1.7M

-1% of holdings
Now owns 968,735 shares
Filed 1 day after trade

Aug 20Form 4 ↗

Shares withheld for taxesMatthew StumpfChief Financial Officer (CFO)

2,021 shares at $308.77 · $624K

-1% of holdings
Now owns 175,429 shares
Filed 1 day after trade

Aug 20Form 4 ↗

Insider tradeAug 21 · Form 4 ↗Insider tradeAug 14 · Form 4 ↗Insider tradeAug 7 · Form 4 ↗Earnings resultsAug 5 · Form 8-K ↗Quarterly reportAug 5 · Form 10-Q ↗New insiderAug 3 · Form 3 ↗Insider tradeJul 17 · Form 4 ↗Insider tradeJul 17 · Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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