Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Applovin Corp

APP · Nasdaq · Technology

Fundamental quality

ATTRACTIVE

95

out of 100

Breakdown by area

I.GrowthEPS growth: 115.2% · Revenue growth: 27.3%
95
II.ProfitabilityNet margin: 64.3% · ROE: 167.7%
95
III.Financial healthNet debt/EBITDA: 0.15x · FCF: 71.8%
95

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Strengths

  • High net margin (64.3%), a sign of a very profitable business.
  • Strong return on equity (ROE of 167.7%).
  • Growing revenue (27.3% annualized).
  • Growing earnings per share (115.2% annualized).
  • Strong free-cash-flow generation (FCF margin of 71.8%).
  • Low leverage (net debt of 0.15× EBITDA).

Risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$2,793M$35M$360M$1,707M
2022$2,817M-$193M$412M$2,131M
2023$1,842M$357M$1,057M$2,619M
2024$3,224M$1,580M$2,094M$2,812M
2025$5,481M$3,334M$1,026M

Between 2021 and 2025, revenue went from $2,793M to $5,481M (+96%) and net income went from $35M to $3,334M (+9305%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Applovin Corp a profitable company?

Yes. Applovin Corp shows a net margin of 64.3% and an ROE of 167.7%, a sign of a profitable business.

Does Applovin Corp have a lot of debt?

Not particularly. Its net debt is 0.15 times its EBITDA, a low level.

Is Applovin Corp growing?

Its revenue has grown 27.3% annualized in recent years and its earnings per share 115.2%.

Does Applovin Corp generate cash?

Yes. It converts about 71.8% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Applovin Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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