AppLovin Corp (APP) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does AppLovin Corp Do?
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California. AppLovin Corp (APP) is classified as a large-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Adam Foroughi and employs approximately 1,710 people. With a market capitalization of $130.8B, APP is one of the prominent companies in the Technology sector.
AppLovin Corp (APP) Stock Rating — Reduce (April 2026)
As of April 2026, AppLovin Corp receives a Reduce rating with a composite score of 41.8/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.APP ranks #2,820 out of 4,446 stocks in our coverage universe. Within the Technology sector, AppLovin Corp ranks #310 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
APP Stock Price and 52-Week Range
AppLovin Corp (APP) currently trades at $391.50. The stock gained $12.36 (3.3%) in the most recent trading session. The 52-week high for APP is $745.61, which means the stock is currently trading -47.5% from its annual peak. The 52-week low is $200.50, putting the stock 95.3% above its annual trough. Recent trading volume was 4.8M shares, reflecting moderate market activity.
Is APP Overvalued or Undervalued? — Valuation Analysis
AppLovin Corp (APP) carries a value factor score of 52/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 51.93x, compared to the Technology sector average of 45.27x — a premium of 15%. The price-to-book ratio stands at 64.85x, versus the sector average of 3.16x. The price-to-sales ratio is 25.89x, compared to 1.06x for the average Technology stock. On an enterprise value basis, APP trades at 43.88x EV/EBITDA, versus 12.79x for the sector.
Overall, APP's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
AppLovin Corp Profitability — ROE, Margins, and Quality Score
AppLovin Corp (APP) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 124.9%, compared to the Technology sector average of -1.4%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 36.7% versus the sector average of -1.0%.
On a margin basis, AppLovin Corp reports gross margins of 83.6%, compared to 50.9% for the sector. The operating margin is 60.6% (sector: -0.5%). Net profit margin stands at 49.9%, versus -1.5% for the average Technology stock. Revenue growth is running at 30.1% on a trailing basis, compared to 14.2% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
APP Debt, Balance Sheet, and Financial Health
AppLovin Corp has a debt-to-equity ratio of 165.0%, compared to the Technology sector average of 43.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 3.32x, indicating strong short-term liquidity. Total debt on the balance sheet is $3.51B. Cash and equivalents stand at $1.67B.
APP has a beta of 2.05, meaning it is more volatile than the broader market — a $10,000 investment in APP would be expected to move 104.9% more than the S&P 500 on any given day. The stability factor score for AppLovin Corp is 26/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
AppLovin Corp Revenue and Earnings History — Quarterly Trend
In TTM 2026, AppLovin Corp reported revenue of $5.35B and earnings per share (EPS) of $9.84. Net income for the quarter was $2.67B. Gross margin was 83.6%. Operating income came in at $3.24B.
In FY 2025, AppLovin Corp reported revenue of $5.48B and earnings per share (EPS) of $9.84. Net income for the quarter was $3.33B. Gross margin was 87.9%. Revenue grew 70.0% year-over-year compared to FY 2024. Operating income came in at $4.15B.
In Q3 2025, AppLovin Corp reported revenue of $1.41B and earnings per share (EPS) of $2.47. Net income for the quarter was $836M. Gross margin was 87.6%. Revenue grew 17.3% year-over-year compared to Q3 2024. Operating income came in at $1.08B.
In Q2 2025, AppLovin Corp reported revenue of $1.26B and earnings per share (EPS) of $2.42. Net income for the quarter was $820M. Gross margin was 87.7%. Revenue grew 16.5% year-over-year compared to Q2 2024. Operating income came in at $958M.
Over the past 8 quarters, AppLovin Corp has demonstrated a growth trajectory, with revenue expanding from $1.08B to $5.35B. Investors analyzing APP stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
APP Dividend Yield and Income Analysis
AppLovin Corp (APP) does not currently pay a dividend. This is common among growth-oriented companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.
APP Momentum and Technical Analysis Profile
AppLovin Corp (APP) has a momentum factor score of 40/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 40/100 reflects moderate short selling activity.
APP vs Competitors — Technology Sector Ranking and Peer Comparison
Within the Technology sector, AppLovin Corp (APP) ranks #310 out of 584 stocks based on the Blank Capital composite score. This places APP in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.
Comparing APP against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full APP vs S&P 500 (SPY) comparison to assess how AppLovin Corp stacks up against the broader market across all factor dimensions.
APP Next Earnings Date
No upcoming earnings date has been announced for AppLovin Corp (APP) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy APP? — Investment Thesis Summary
The quantitative profile for AppLovin Corp suggests caution. High volatility (stability score 26/100) increases portfolio risk.
In summary, AppLovin Corp (APP) earns a Reduce rating with a composite score of 41.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on APP stock.
Related Resources for APP Investors
Explore more research and tools: APP vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare APP head-to-head with peers: APP vs IHS, APP vs VRSN, APP vs ESE.