Applovin (APP)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from APP's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Applovin's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $2.8B | $1.8B | $3.2B | $5.5B |
| Net income | $35M | -$193M | $357M | $1.6B | $3.3B |
| Free cash flow | $356M | $406M | $1.1B | $2.1B | — |
| EPS (diluted) | $0.09 | -$0.52 | $0.98 | $4.53 | $9.75 |
| Operating margin | 5.4% | -1.7% | 41.9% | 59.3% | 75.8% |
Where the revenue comes from
Revenue by segments, fiscal 2024.
Superinvestors who own APP
From each investor's latest 13F filing (what a 13F shows). 8 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Philippe Laffont Coatue Management |
Trimmed | $603M | 1.2% | Q2 2026 |
| Stephen Mandel Lone Pine Capital |
Trimmed | $537M | 3.3% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $315M | 0.26% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Added | $90M | 0.05% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $76M | 0.18% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $64M | 0.02% | Q2 2026 |
| Jay Petschek Corsair Capital Management |
Added | $618,276 | 0.08% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Added | $142,203 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by Applovin's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 23, 2026 | Ro Khanna |
0 | $458.95 | — |
| Mar 23, 2026 | Ro Khanna |
0 | $458.95 | — |
| Mar 13, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $458.67 | — |
| Mar 13, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $458.67 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $393.22 | — |
| Feb 24, 2026 | Ro Khanna |
0 | $393.22 | — |
| Feb 5, 2026 | Ro Khanna |
0 | $375.23 | — |
| Feb 5, 2026 | Ro Khanna |
0 | $375.23 | — |
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In the full deep dive
Questions
Are Applovin insiders buying the stock?
8 open-market insider purchases of APP in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Applovin?
8 of the superinvestors Investingly tracks hold APP in their latest 13F, including Philippe Laffont, Stephen Mandel, Hersh Cohen.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.