Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
APP · Nasdaq · Technology
Fundamental quality
95
out of 100
Applovin Corp fits the profile of a quality compounder: it pairs high return on capital (ROE 167.7%) with wide margins (net margin 64.3%) and a business that keeps growing (31.8% a year). On fundamental quality it scores 95 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
AppLovin is a mobile-app advertising platform: its AI engine decides which ad to show each user to maximize installs and purchases, mostly in games. It went from being a game studio to selling the advertising machinery to everyone else.
EPS growth: 150% · Revenue growth: 31.8%
Net margin: 64.3% · ROE: 167.7% · ROIC: 122.1%
Net debt/EBITDA: 0.19x
Source: SEC EDGAR · TTM through 31/03/2026
The score combines growth, profitability and financial strength, and here its pillars hold up evenly.
Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 1,451 | -125 | 220 | 1,282 |
| 2021 | 2,793 | 35 | 360 | 1,707 |
| 2022 | 2,817 | -193 | 412 | 2,131 |
| 2023 | 1,842 | 357 | 1,057 | 2,619 |
| 2024 | 3,224 | 1,580 | 2,094 | 2,812 |
| 2025 | 5,481 | 3,334 | — | 1,026 |
Between 2020 and 2025, revenue went from $1,451M to $5,481M (+278%) and net income went from -$125M to $3,334M (+2763%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
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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).
Compute the valuation →Is Applovin Corp a good company to invest in?
In terms of business quality, Applovin Corp scores 95 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Applovin Corp a profitable company?
Very. Applovin Corp shows a net margin of 64.3% and an ROE of 167.7%, typical of a highly profitable business.
Does Applovin Corp have a lot of debt?
Not particularly. Its net debt is 0.19 times its EBITDA, a low level.
Is Applovin Corp growing?
Its revenue has grown 31.8% annualized in recent years and its earnings per share 150%.
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.
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Who's behind the methodology and model · how the score is computed
Data: see Applovin Corp's filings on EDGAR
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