App Lovin Corp - Understand $app stock

$APP Market Cap: $127.2 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$4.290B

TTM

Gross Margin

73.71%

TTM

Net Earnings

$1.152B

TTM

Current Assets

$1.875B

Q3 2024

Current Liabilities

$779.5M

Q3 2024

Current Ratio

240.58%

Q3 2024

Total Assets

$5.442B

Q3 2024

Total Liabilities

$4.504B

Q3 2024

Book Value

$938.2M

Q3 2024

Cash

$567.6M

Q3 2024

P/E

110.4

Nov 29, 2024 EST

Free Cash Flow

$350.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018
Revenue	$3.283B	$2.817B	$2.793B	$1.451B	$994.1M	$483.4M
YoY Change	16.54%	0.86%	92.48%	45.97%	105.65%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$3.283B	$2.817B	$2.793B	$1.451B	$994.1M	$483.4M
Cost Of Revenue	$1.059B	$1.256B	$988.1M	$555.6M	$241.3M	$53.80M
Gross Profit	$2.224B	$1.561B	$1.805B	$895.5M	$752.8M	$429.6M
Gross Profit Margin	67.74%	55.41%	64.62%	61.71%	75.73%	88.87%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018
Selling, General & Admin	$983.3M	$1.101B	$1.289B	$694.2M	$513.5M	$181.2M
YoY Change	-10.7%	-14.54%	85.62%	35.2%	183.38%
% of Gross Profit	44.22%	70.54%	71.39%	77.52%	68.21%	42.18%
Research & Development	$592.4M	$507.6M	$366.4M	$180.7M	$44.97M	$16.30M
YoY Change	16.7%	38.54%	102.82%	301.75%	175.87%
% of Gross Profit	26.64%	32.52%	20.3%	20.17%	5.97%	3.79%
Depreciation & Amortization	$489.0M	$547.1M	$431.1M	$255.0M	$92.81M	$16.10M
YoY Change	-10.62%	26.92%	69.08%	174.71%	476.43%
% of Gross Profit	21.99%	35.05%	23.88%	28.47%	12.33%	3.75%
Operating Expenses	$1.576B	$1.609B	$1.655B	$874.9M	$558.5M	$197.9M
YoY Change	-2.06%	-2.79%	89.17%	56.66%	182.19%
Operating Profit	$648.2M	-$47.79M	$150.0M	-$62.04M	$194.4M	$231.7M
YoY Change	-1456.34%	-131.86%	-341.8%	-131.92%	-16.11%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	-$271.3M	-$171.9M	-$86.27M	-$77.90M	-$68.30M	-$484.8M
YoY Change	57.87%	99.22%	10.74%	14.06%	-85.91%
% of Operating Profit	-41.86%		-57.51%		-35.14%	-209.24%
Other Income/Expense, Net	-$267.6M	-$157.4M	-$103.7M	-$73.66M	-$68.14M	$2.100M
YoY Change	70.05%	51.76%	40.78%	8.11%	-3344.62%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018
Pretax Income	$380.6M	-$205.2M	$46.31M	-$135.7M	$126.2M	-$240.3M
YoY Change	-285.48%	-543.04%	-134.13%	-207.5%	-152.53%
Income Tax	$23.86M	-$12.23M	$10.97M	-$9.772M	$7.194M	$19.70M
% Of Pretax Income	6.27%		23.69%		5.7%
Net Earnings	$356.7M	-$192.7M	$35.45M	-$125.2M	$119.0M	-$260.0M
YoY Change	-285.07%	-643.77%	-128.31%	-205.16%	-145.78%
Net Earnings / Revenue	10.87%	-6.84%	1.27%	-8.63%	11.97%	-53.79%
Basic Earnings Per Share	$1.01	-$0.52	$0.10	-$0.58	$0.36
Diluted Earnings Per Share	$0.98	-$0.52	$0.09	-$0.58	$0.36	-$726.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018
Cash & Short-Term Investments	$502.2M	$1.080B	$1.521B	$317.2M	$396.2M	$276.1M
YoY Change	-53.53%	-28.94%	379.35%	-19.94%	43.5%
Cash & Equivalents	$502.2M	$1.080B	$1.521B	$317.2M	$396.2M	$276.1M
Short-Term Investments
Other Short-Term Assets	$160.2M	$155.8M	$1.200B	$48.80M	$28.60M	$9.000M
YoY Change	2.83%	-87.02%	2359.1%	70.63%	217.78%
Inventory
Prepaid Expenses
Receivables	$953.8M	$702.8M	$514.5M	$297.0M	$161.3M	$122.5M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.616B	$1.939B	$3.235B	$663.0M	$586.2M	$407.5M
YoY Change	-16.65%	-40.06%	387.94%	13.1%	43.85%
Property, Plant & Equipment	$221.5M	$138.9M	$134.6M	$112.9M	$22.80M	$8.500M
YoY Change	59.47%	3.22%	19.21%	395.18%	168.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$386.0M	$268.4M	$118.2M	$42.60M	$15.40M	$8.900M
YoY Change	43.8%	127.18%	177.37%	176.62%	73.03%
Total Long-Term Assets	$3.743B	$3.909B	$2.929B	$1.492B	$616.3M	$129.4M
YoY Change	-4.24%	33.47%	96.33%	142.02%	376.28%
Total Assets	$5.359B	$5.848B	$6.164B	$2.155B	$1.203B	$536.9M
YoY Change
Accounts Payable	$371.7M	$273.2M	$258.2M	$147.3M	$70.50M	$59.50M
YoY Change	36.06%	5.8%	75.3%	108.94%	18.49%
Accrued Expenses	$246.1M	$139.8M	$130.2M	$114.4M	$33.10M	$9.300M
YoY Change	76.02%	7.43%	13.78%	245.62%	255.91%
Deferred Revenue
YoY Change
Short-Term Debt	$13.05M	$15.25M	$17.37M	$18.80M	$0.00	$0.00
YoY Change	-14.42%	-12.2%	-7.59%
Long-Term Debt Due	$234.7M	$55.61M	$47.81M	$18.00M	$13.60M	$0.00
YoY Change	321.99%	16.33%	165.61%	32.35%
Total Short-Term Liabilities	$944.1M	$579.0M	$640.1M	$598.1M	$238.9M	$113.9M
YoY Change	63.07%	-9.55%	7.02%	150.36%	109.75%
Long-Term Debt	$3.050B	$3.250B	$3.234B	$1.586B	$1.169B	$792.7M
YoY Change	-6.15%	0.5%	103.87%	35.66%	47.51%
Other Long-Term Liabilities	$108.7M	$116.1M	$151.2M	$128.4M	$50.90M	$8.600M
YoY Change	-6.41%	-23.24%	17.78%	152.26%	491.86%
Total Long-Term Liabilities	$3.159B	$3.366B	$3.385B	$1.715B	$1.220B	$801.3M
YoY Change	-6.16%	-0.56%	97.42%	40.53%	52.28%
Total Liabilities	$4.103B	$3.945B	$4.025B	$2.313B	$1.459B	$915.2M
YoY Change	4.0%	-2.0%	74.03%	58.53%	59.43%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	352.0M shares	371.6M shares	324.8M shares	214.9M shares	210.9M shares
Diluted Shares Outstanding	362.6M shares	371.6M shares	342.8M shares	214.9M shares	212.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $127.21 Billion

About AppLovin Corp

AppLovin Corp. engages in the development and operation of a mobile marketing platform. The company is headquartered in Palo Alto, California and currently employs 1,717 full-time employees. The company went IPO on 2021-04-15. The firm operates through two segments: Software Platform, and Apps. Its Software Platform is primarily made up of four key solutions, such as AppDiscovery, MAX, Adjust, and Wurl. AppDiscovery is powered by AXON, its AI-powered advertising engine, and matches advertiser demand with publisher supply through auctions at vast scale and at microsecond-level speeds. MAX is a monetization solution, utilizing an advanced in-app bidding technology that optimizes the value of a publishers advertising inventory by running a real-time competitive auction. Adjust is a measurement and analytics marketing platform which provides marketers with the visibility, insights, and data needed to scale their apps marketing results. Wurl is connected TV (CTV) platform that both distributes streaming video for content companies and provides advanced advertising and publishing solutions to attract viewers and maximize revenue.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: Zendesk, Inc. AVALARA, INC. BENTLEY SYSTEMS INC Dayforce, Inc. DROPBOX, INC. Informatica Inc. MANHATTAN ASSOCIATES INC PROCORE TECHNOLOGIES, INC. Salesforce, Inc.