AppLovin Corporation

APP

APPAppLovin Corporation US flag

NASDAQ Global Select

570.83

USD

-34.80

- -

191.76BMarket Cap

Profitability (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	285.63
Return on Assets (%)	- -	-7.46	0.85	-3.21	6.37	28.14	50.79
Return on Capital (%)	- -	- -	6.65	- -	27.12	58.07	74.49
Return on Invested Capital (%)	- -	- -	3.22	- -	14.33	39.74	65.33
Gross Margin (%)	75.73	61.71	64.62	55.41	80.64	83.85	87.86
EBITDA Margin (%)	28.89	18.99	20.8	17.72	68.49	73.19	79.31
Operating Margin (%)	19.55	1.42	5.37	-1.7	41.94	59.27	75.75
Incremental Operating Margin (%)	- -	-38.02	9.64	- -	-84.1	82.37	99.3
Pretax Margin (%)	12.7	-9.35	1.66	-7.28	27.23	50	72.12
Profit Margin (%)	11.97	-8.63	1.27	-6.84	19.4	49	60.83
Net Income to Common Margin (%)	11.97	-8.63	1.27	-6.84	19.4	49	60.83
Effective Tax Rate (%)	5.7	- -	23.69	- -	8.73	1.39	13.15
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	285.63

Credit (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	1,196	1,696	3,331	3,280	3,177	3,555	3,545
ST Debt	15	40	66	48	229	15	14
LT Debt	1,181	1,656	3,264	3,233	2,949	3,540	3,531
Total Debt/EBITDA	4.16	6.15	5.73	6.57	2.52	1.51	0.82
Net Debt/EBITDA	2.73	4.65	2.94	4.27	2.08	1.19	0.24
Total Debt/EBIT	6.15	82.21	22.2	-68.64	4.11	1.86	0.85
Net Debt/EBIT	4.04	62.14	11.38	-44.59	3.39	1.47	0.25
EBITDA to Interest Expense	3.88	3.54	5.63	2.91	4.61	7.44	21
EBITDA-CapEx/Interest Expense	3.84	3.5	5.62	2.9	4.36	7.34	20.86
EBIT to Interest Expense	2.63	0.26	1.45	-0.28	2.82	6.02	20.06
Interest Expense	74	78	103	172	274	317	207
Common Equity/Total Assets	-73.78	-46.99	-15.85	-20	-15.17	10.21	23.9
Long-Term Debt/Equity (%)	- -	- -	152.66	169.9	234.72	324.83	165.4
Long-Term Debt/Capital (%)	166.77	152.82	138.68	153.16	124.72	85.22	66.87
Long-Term Debt/Total Assets (%)	98.22	76.85	52.96	55.28	55.02	60.32	48.64
Total Debt/Equity (%)	-466.09	-1,071.81	155.76	172.4	252.91	326.17	166.06
Total Debt/Capital (%)	168.85	156.53	141.5	155.42	134.38	85.57	67.14
Total Debt/Total Assets (%)	99.45	78.71	54.04	56.09	59.29	60.56	48.83
Net Debt to Equity	-305.7	-810.16	79.84	112.01	208.44	258.02	48.06
Net Debt/Capital (%)	251.41	167.3	204.87	206.91	140.62	81.35	36.73
EBITDA	287	276	581	499	1,261	2,360	4,347
EBITDA-CapEx	284	272	580	499	1,193	2,329	4,318
Operating Income (Loss)	194	21	150	-48	772	1,911	4,152

Liquidity (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	1.66	0.53	2.38	1.87	0.53	0.66	1.86
Current Ratio	2.45	1.11	5.05	3.35	1.71	2.19	3.32
Quick Ratio	2.33	1.03	3.18	3.08	1.54	1.87	3.23
CFO/Avg Current Liab	- -	0.53	0.58	0.68	1.39	2.1	3.32
Common Equity/Total Assets	-73.78	-46.99	-15.85	-20	-15.17	10.21	23.9
Long-Term Debt/Equity (%)	- -	- -	152.66	169.9	234.72	324.83	165.4
Long-Term Debt/Capital (%)	166.77	152.82	138.68	153.16	124.72	85.22	66.87
Long-Term Debt/Total Assets (%)	98.22	76.85	52.96	55.28	55.02	60.32	48.64
Total Debt/Equity (%)	-466.09	-1,071.81	155.76	172.4	252.91	326.17	166.06
Total Debt/Capital (%)	168.85	156.53	141.5	155.42	134.38	85.57	67.14
Total Debt/Total Assets (%)	99.45	78.71	54.04	56.09	59.29	60.56	48.83
CFO/Total Liabilities	13.6	9.64	8.99	10.46	25.87	43.92	77.49
CFO/CapEx	59.1	68.77	260.32	623.52	15.58	69.21	140.23
Altman's Z-Score	1.3	0.22	6.01	1.73	3.88	16.71	31.48

Working Capital (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	6.33	6.88	4.63	2.22	2.88	3.53
Days Sales Outstanding	- -	57.64	53.02	78.86	164.15	126.64	103.32
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	5.1	4.87	4.73	1.11	1.19	1.06
Accounts Payable Turnover Days	- -	71.54	74.89	77.21	330.03	307.08	343.32
Cash Conversion Cycle	- -	-13.9	-21.87	1.65	-165.88	-180.45	-240.01
Inventory to Cash Days	- -	57.64	53.02	78.86	164.15	126.64	103.32
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	30,619	3,913	14,025	109,105	228,277
- Cash & Cash Equivalents	396	317	1,521	1,080	502	697	2,487
+ Preferred Equity and Hybrid Capital	400	400	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,196	1,696	3,331	3,280	3,177	3,555	3,545
Enterprise Value	1,199	1,779	32,429	6,112	16,701	111,963	229,335
Total Capital	708	1,083	2,354	2,111	2,364	4,154	5,280
Total Debt/Capital (%)	168.85	156.53	141.5	155.42	134.38	85.57	67.14
Total Debt / EV	1	0.95	0.1	0.54	0.19	0.03	0.02
EV/Sales	1.21	1.23	11.61	2.17	9.07	34.73	41.84
EV/EBITDA	4.18	6.45	55.81	12.24	13.24	47.45	52.76
EV/EBIT	6.17	86.22	216.17	- -	21.62	58.59	55.24
EV/Cash Flow to Firm	4.47	6.03	73.61	10.64	12.74	46.42	55.25
EV/Free Cash Flow to Firm	4.42	5.96	73.38	10.63	12.11	45.85	54.88
Diluted Market Cap	- -	- -	32,309	3,913	14,449	112,631	230,426
Diluted Enterprise Value	1,199	1,779	34,119	6,112	17,124	115,488	231,484
EV per Share	3.7	4.97	99.83	16.45	47.45	332.31	676.94
TTM Sales	994	1,451	2,793	2,817	1,842	3,224	5,481
TTM EBITDA	287	276	581	499	1,261	2,360	4,347
TTM Operating Income	194	21	150	-48	772	1,911	4,152
TTM Cash Flow to Firm	268	295	441	574	1,311	2,412	4,151
TTM Free Cash Flow to Firm	272	298	442	575	1,379	2,442	4,179

Multiples (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	88.95	9.46	12.79	52.89	57.62
EV/EBIT	6.17	86.22	216.17	- -	21.62	58.59	55.24
Enterprise Value	1,199	1,779	32,429	6,112	16,701	111,963	229,335
Low Price	- -	- -	49.41	9.14	9.22	37.4	200.5
EV/Sales	1.21	1.23	11.61	2.17	9.07	34.73	41.84
EV/EBITDA	4.18	6.45	55.81	12.24	13.24	47.45	52.76
Price/Earnings	- -	- -	863.82	- -	39.26	69.06	68.47
Price/Earnings Average	- -	- -	706.98	-71.23	26.79	25.51	44.96
Price/Earnings High	- -	- -	1,063.88	-189.19	44.44	89.07	75.77
Price/Earnings Low	- -	- -	452.81	-17.62	9.08	7.98	20.38
Price/Book Value	- -	- -	-31.34	-3.35	-17.25	182.08	131.56
Price/Book Value Average	- -	- -	-25.65	-11.74	-11.77	67.27	86.39
Price/Book Value High	- -	- -	-38.6	-31.18	-19.53	234.83	145.58
Price/Book Value Low	- -	- -	-16.43	-2.9	-3.99	21.03	39.15
Price/Tangible Book Value	- -	- -	-56.97	-2.45	-7.46	-129.78	1,153.09
Price/Tangible Book Value Average	- -	- -	-46.62	-8.59	-5.09	-47.94	757.18
Price/Tangible Book Value High	- -	- -	-70.16	-22.81	-8.45	-167.37	1,275.94
Price/Tangible Book Value Low	- -	- -	-29.86	-2.12	-1.73	-14.99	343.11
Price/Sales	- -	- -	10.96	1.39	7.62	33.84	41.65
Price/Sales Average	- -	- -	8.97	4.87	5.2	12.5	27.35
Price/Sales High	- -	- -	13.5	12.94	8.62	43.64	46.09
Price/Sales Low	- -	- -	5.75	1.21	1.76	3.91	12.39
Price/Cash Flow	- -	- -	84.62	9.48	13.21	51.98	57.48
Price/Cash Flow Average	- -	- -	69.25	33.26	9.02	19.2	37.75
Price/Cash Flow High	- -	- -	104.21	88.34	14.95	67.04	63.61
Price/Cash Flow Low	- -	- -	44.36	8.23	3.06	6	17.11
Price/Free Cash Flow Average	- -	- -	72.8	33.21	8.73	19.54	37.83
Price/Free Cash Flow High	- -	- -	109.55	88.2	14.48	68.22	63.75
Price/Free Cash Flow Low	- -	- -	46.62	8.21	2.96	6.11	17.14
EV/Sales Average	1.21	1.23	9.62	5.65	6.65	13.39	27.54
EV/Sales High	1.21	1.23	14.15	13.73	10.07	44.53	46.28
EV/Sales Low	1.21	1.23	6.39	1.99	3.21	4.79	12.59
EV/EBITDA Average	4.18	6.45	46.24	31.9	9.71	18.29	34.73
EV/EBITDA High	4.18	6.45	68.01	77.44	14.71	60.84	58.36
EV/EBITDA Low	4.18	6.45	30.74	11.21	4.69	6.55	15.87
EV/EBIT Average	6.17	86.22	179.11	-333.29	15.85	22.59	36.36
EV/EBIT High	6.17	86.22	263.44	-809.05	24.02	75.13	61.09
EV/EBIT Low	6.17	86.22	119.06	-117.09	7.66	8.09	16.61
Last Price	- -	- -	94.26	10.53	39.85	323.83	673.82
High Price	- -	- -	116.09	98.14	45.1	417.64	745.61
Enterprise Value Average	1,199	1,779	26,870	15,928	12,246	43,164	150,957
Enterprise Value High	1,199	1,779	39,520	38,665	18,550	143,569	253,656
Enterprise Value Low	1,199	1,779	17,860	5,596	5,919	15,458	68,983

Profitability (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	285.63
Return on Assets (%)	- -	-7.46	0.85	-3.21	6.37	28.14	50.79
Return on Capital (%)	- -	- -	6.65	- -	27.12	58.07	74.49
Return on Invested Capital (%)	- -	- -	3.22	- -	14.33	39.74	65.33
Gross Margin (%)	75.73	61.71	64.62	55.41	80.64	83.85	87.86
EBITDA Margin (%)	28.89	18.99	20.8	17.72	68.49	73.19	79.31
Operating Margin (%)	19.55	1.42	5.37	-1.7	41.94	59.27	75.75
Incremental Operating Margin (%)	- -	-38.02	9.64	- -	-84.1	82.37	99.3
Pretax Margin (%)	12.7	-9.35	1.66	-7.28	27.23	50	72.12
Profit Margin (%)	11.97	-8.63	1.27	-6.84	19.4	49	60.83
Net Income to Common Margin (%)	11.97	-8.63	1.27	-6.84	19.4	49	60.83
Effective Tax Rate (%)	5.7	- -	23.69	- -	8.73	1.39	13.15
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	285.63

Credit (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	1,196	1,696	3,331	3,280	3,177	3,555	3,545
ST Debt	15	40	66	48	229	15	14
LT Debt	1,181	1,656	3,264	3,233	2,949	3,540	3,531
Total Debt/EBITDA	4.16	6.15	5.73	6.57	2.52	1.51	0.82
Net Debt/EBITDA	2.73	4.65	2.94	4.27	2.08	1.19	0.24
Total Debt/EBIT	6.15	82.21	22.2	-68.64	4.11	1.86	0.85
Net Debt/EBIT	4.04	62.14	11.38	-44.59	3.39	1.47	0.25
EBITDA to Interest Expense	3.88	3.54	5.63	2.91	4.61	7.44	21
EBITDA-CapEx/Interest Expense	3.84	3.5	5.62	2.9	4.36	7.34	20.86
EBIT to Interest Expense	2.63	0.26	1.45	-0.28	2.82	6.02	20.06
Interest Expense	74	78	103	172	274	317	207
Common Equity/Total Assets	-73.78	-46.99	-15.85	-20	-15.17	10.21	23.9
Long-Term Debt/Equity (%)	- -	- -	152.66	169.9	234.72	324.83	165.4
Long-Term Debt/Capital (%)	166.77	152.82	138.68	153.16	124.72	85.22	66.87
Long-Term Debt/Total Assets (%)	98.22	76.85	52.96	55.28	55.02	60.32	48.64
Total Debt/Equity (%)	-466.09	-1,071.81	155.76	172.4	252.91	326.17	166.06
Total Debt/Capital (%)	168.85	156.53	141.5	155.42	134.38	85.57	67.14
Total Debt/Total Assets (%)	99.45	78.71	54.04	56.09	59.29	60.56	48.83
Net Debt to Equity	-305.7	-810.16	79.84	112.01	208.44	258.02	48.06
Net Debt/Capital (%)	251.41	167.3	204.87	206.91	140.62	81.35	36.73
EBITDA	287	276	581	499	1,261	2,360	4,347
EBITDA-CapEx	284	272	580	499	1,193	2,329	4,318
Operating Income (Loss)	194	21	150	-48	772	1,911	4,152

Liquidity (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	1.66	0.53	2.38	1.87	0.53	0.66	1.86
Current Ratio	2.45	1.11	5.05	3.35	1.71	2.19	3.32
Quick Ratio	2.33	1.03	3.18	3.08	1.54	1.87	3.23
CFO/Avg Current Liab	- -	0.53	0.58	0.68	1.39	2.1	3.32
Common Equity/Total Assets	-73.78	-46.99	-15.85	-20	-15.17	10.21	23.9
Long-Term Debt/Equity (%)	- -	- -	152.66	169.9	234.72	324.83	165.4
Long-Term Debt/Capital (%)	166.77	152.82	138.68	153.16	124.72	85.22	66.87
Long-Term Debt/Total Assets (%)	98.22	76.85	52.96	55.28	55.02	60.32	48.64
Total Debt/Equity (%)	-466.09	-1,071.81	155.76	172.4	252.91	326.17	166.06
Total Debt/Capital (%)	168.85	156.53	141.5	155.42	134.38	85.57	67.14
Total Debt/Total Assets (%)	99.45	78.71	54.04	56.09	59.29	60.56	48.83
CFO/Total Liabilities	13.6	9.64	8.99	10.46	25.87	43.92	77.49
CFO/CapEx	59.1	68.77	260.32	623.52	15.58	69.21	140.23
Altman's Z-Score	1.3	0.22	6.01	1.73	3.88	16.71	31.48

Working Capital (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	6.33	6.88	4.63	2.22	2.88	3.53
Days Sales Outstanding	- -	57.64	53.02	78.86	164.15	126.64	103.32
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	5.1	4.87	4.73	1.11	1.19	1.06
Accounts Payable Turnover Days	- -	71.54	74.89	77.21	330.03	307.08	343.32
Cash Conversion Cycle	- -	-13.9	-21.87	1.65	-165.88	-180.45	-240.01
Inventory to Cash Days	- -	57.64	53.02	78.86	164.15	126.64	103.32
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	30,619	3,913	14,025	109,105	228,277
- Cash & Cash Equivalents	396	317	1,521	1,080	502	697	2,487
+ Preferred Equity and Hybrid Capital	400	400	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,196	1,696	3,331	3,280	3,177	3,555	3,545
Enterprise Value	1,199	1,779	32,429	6,112	16,701	111,963	229,335
Total Capital	708	1,083	2,354	2,111	2,364	4,154	5,280
Total Debt/Capital (%)	168.85	156.53	141.5	155.42	134.38	85.57	67.14
Total Debt / EV	1	0.95	0.1	0.54	0.19	0.03	0.02
EV/Sales	1.21	1.23	11.61	2.17	9.07	34.73	41.84
EV/EBITDA	4.18	6.45	55.81	12.24	13.24	47.45	52.76
EV/EBIT	6.17	86.22	216.17	- -	21.62	58.59	55.24
EV/Cash Flow to Firm	4.47	6.03	73.61	10.64	12.74	46.42	55.25
EV/Free Cash Flow to Firm	4.42	5.96	73.38	10.63	12.11	45.85	54.88
Diluted Market Cap	- -	- -	32,309	3,913	14,449	112,631	230,426
Diluted Enterprise Value	1,199	1,779	34,119	6,112	17,124	115,488	231,484
EV per Share	3.7	4.97	99.83	16.45	47.45	332.31	676.94
TTM Sales	994	1,451	2,793	2,817	1,842	3,224	5,481
TTM EBITDA	287	276	581	499	1,261	2,360	4,347
TTM Operating Income	194	21	150	-48	772	1,911	4,152
TTM Cash Flow to Firm	268	295	441	574	1,311	2,412	4,151
TTM Free Cash Flow to Firm	272	298	442	575	1,379	2,442	4,179

Multiples (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	88.95	9.46	12.79	52.89	57.62
EV/EBIT	6.17	86.22	216.17	- -	21.62	58.59	55.24
Enterprise Value	1,199	1,779	32,429	6,112	16,701	111,963	229,335
Low Price	- -	- -	49.41	9.14	9.22	37.4	200.5
EV/Sales	1.21	1.23	11.61	2.17	9.07	34.73	41.84
EV/EBITDA	4.18	6.45	55.81	12.24	13.24	47.45	52.76
Price/Earnings	- -	- -	863.82	- -	39.26	69.06	68.47
Price/Earnings Average	- -	- -	706.98	-71.23	26.79	25.51	44.96
Price/Earnings High	- -	- -	1,063.88	-189.19	44.44	89.07	75.77
Price/Earnings Low	- -	- -	452.81	-17.62	9.08	7.98	20.38
Price/Book Value	- -	- -	-31.34	-3.35	-17.25	182.08	131.56
Price/Book Value Average	- -	- -	-25.65	-11.74	-11.77	67.27	86.39
Price/Book Value High	- -	- -	-38.6	-31.18	-19.53	234.83	145.58
Price/Book Value Low	- -	- -	-16.43	-2.9	-3.99	21.03	39.15
Price/Tangible Book Value	- -	- -	-56.97	-2.45	-7.46	-129.78	1,153.09
Price/Tangible Book Value Average	- -	- -	-46.62	-8.59	-5.09	-47.94	757.18
Price/Tangible Book Value High	- -	- -	-70.16	-22.81	-8.45	-167.37	1,275.94
Price/Tangible Book Value Low	- -	- -	-29.86	-2.12	-1.73	-14.99	343.11
Price/Sales	- -	- -	10.96	1.39	7.62	33.84	41.65
Price/Sales Average	- -	- -	8.97	4.87	5.2	12.5	27.35
Price/Sales High	- -	- -	13.5	12.94	8.62	43.64	46.09
Price/Sales Low	- -	- -	5.75	1.21	1.76	3.91	12.39
Price/Cash Flow	- -	- -	84.62	9.48	13.21	51.98	57.48
Price/Cash Flow Average	- -	- -	69.25	33.26	9.02	19.2	37.75
Price/Cash Flow High	- -	- -	104.21	88.34	14.95	67.04	63.61
Price/Cash Flow Low	- -	- -	44.36	8.23	3.06	6	17.11
Price/Free Cash Flow Average	- -	- -	72.8	33.21	8.73	19.54	37.83
Price/Free Cash Flow High	- -	- -	109.55	88.2	14.48	68.22	63.75
Price/Free Cash Flow Low	- -	- -	46.62	8.21	2.96	6.11	17.14
EV/Sales Average	1.21	1.23	9.62	5.65	6.65	13.39	27.54
EV/Sales High	1.21	1.23	14.15	13.73	10.07	44.53	46.28
EV/Sales Low	1.21	1.23	6.39	1.99	3.21	4.79	12.59
EV/EBITDA Average	4.18	6.45	46.24	31.9	9.71	18.29	34.73
EV/EBITDA High	4.18	6.45	68.01	77.44	14.71	60.84	58.36
EV/EBITDA Low	4.18	6.45	30.74	11.21	4.69	6.55	15.87
EV/EBIT Average	6.17	86.22	179.11	-333.29	15.85	22.59	36.36
EV/EBIT High	6.17	86.22	263.44	-809.05	24.02	75.13	61.09
EV/EBIT Low	6.17	86.22	119.06	-117.09	7.66	8.09	16.61
Last Price	- -	- -	94.26	10.53	39.85	323.83	673.82
High Price	- -	- -	116.09	98.14	45.1	417.64	745.61
Enterprise Value Average	1,199	1,779	26,870	15,928	12,246	43,164	150,957
Enterprise Value High	1,199	1,779	39,520	38,665	18,550	143,569	253,656
Enterprise Value Low	1,199	1,779	17,860	5,596	5,919	15,458	68,983

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	358	358	375	374	340	340	338
Diluted Weighted Avg Shares	324	358	343	372	363	348	342
Basic Weighted Avg Shares	324	358	325	372	352	337	339
Revenue per Share	3.07	4.05	8.6	7.58	5.23	9.57	16.18
EBITDA per Share	0.89	0.77	1.79	1.34	3.58	7	12.83
Operating Income per Share	0.6	0.06	0.46	-0.13	2.19	5.67	12.26
Basic EPS, GAAP	0.37	-0.35	0.11	-0.52	1.01	4.69	9.84
Basic EPS from Cont Ops	0.37	-0.35	0.11	-0.52	1.3	4.72	10.13
Diluted EPS, GAAP	0.37	-0.35	0.1	-0.52	0.99	4.54	9.75
Diluted EPS from Cont Ops	0.37	-0.35	0.1	-0.52	1.26	4.57	10.04
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.61	0.62	1.11	1.11	3.02	6.23	11.72
Free Cash Flow per Basic Share	0.6	0.61	1.11	1.11	2.82	6.14	11.64
Cash & Equivalents per Share	1.22	0.89	4.68	2.91	1.43	2.07	7.34
Book Value per Share	-2.74	-2.83	-3.01	-3.15	-2.31	1.78	5.12
Tangible Book Value per Share	-3.81	-5.29	-1.65	-4.3	-5.34	-2.5	0.58

AppLovin Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)