Applovin Corp - Class A
Research Applovin Corp - Class A (APP) on Bullrun: valuation model: 26.1% undervalued, market cap USD 104.12B, P/E 23.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerAPP
- ExchangeNASDAQ
- CountryUnited States
- SectorCommunication Services
- IndustryAdvertising Agencies
- CurrencyUSD
- Valuation signal26.1% undervalued
- Market capUSD 104.12B
- P/E23.9
- Financial periodQ2 2026
- RevenueUSD 1.92B
- Net incomeUSD 1.27B
- Free cash flowUSD 869.04M
- Gross margin88.3%
Valuation Snapshot
Bullrun's latest valuation model marks Applovin Corp - Class A as 26.1% undervalued; latest market cap is USD 104.12B; P/E is 23.9.
Peer valuation comparison
Latest P/E is 23.87x versus a Communication Services sector median of 16.43x (45.3% above).
Latest P/E is 23.87x versus a United States median of 24.87x (4.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 5.48B | USD 3.33B | USD 3.94B | 87.9% | 9.75 | USD 2.49B | USD 3.51B | USD 2.13B |
| FY2024 | USD 3.22B | USD 1.58B | USD 2.09B | 83.9% | 4.53 | USD 697.03M | USD 3.51B | USD 1.09B |
| FY2023 | USD 1.84B | USD 357.00M | USD 1.06B | 80.6% | 0.98 | USD 502.15M | USD 3.12B | USD 1.26B |
| FY2022 | USD 2.82B | -USD 193.00M | USD 412.11M | 55.4% | -0.52 | USD 1.08B | USD 3.21B | USD 1.90B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 104.12B | 23.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 227.96B | 71.3 | n/a | n/a |
| 2024 | 2024-12-31 | USD 110.12B | 71.3 | n/a | n/a |
| 2023 | 2023-12-29 | USD 13.38B | 137.4 | n/a | n/a |
| 2022 | 2022-12-30 | USD 3.91B | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 35.36B | 1047.3 | n/a | n/a |
About Applovin Corp - Class A
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction;
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Frequently asked questions
Is Applovin Corp - Class A overvalued or undervalued?
Bullrun's valuation model currently marks Applovin Corp - Class A as 26.1% undervalued.
What is Applovin Corp - Class A's market cap?
Applovin Corp - Class A's market capitalization is USD 104.12B.
What is Applovin Corp - Class A's P/E ratio?
Applovin Corp - Class A's price-to-earnings (P/E) ratio is 23.9.
What does Applovin Corp - Class A do?
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps.