Applovin Corporation Financial Ratios — 6RV Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-9.54	22.62	134.67	206.78
Return on Assets (%)	- -	-7.46	0.85	-3.21	6.37	28.14	50.79
Return on Capital (%)	- -	- -	3.26	- -	12.62	41.7	68.07
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	13.29	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 (%)	- -	- -	9.64	- -	- -	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 (%)	- -	- -	- -	-9.54	22.62	134.67	206.78

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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	8.79	5.73	6.57	2.52	1.51	0.82
Net Debt/EBITDA	2.73	6.65	2.94	4.27	2.08	1.19	0.24
Total Debt/EBIT	6.15	-27.34	22.2	-68.64	4.11	1.86	0.85
Net Debt/EBIT	4.04	-20.66	11.38	-44.59	3.39	1.47	0.25
EBITDA to Interest Expense	3.88	2.48	5.63	2.91	4.61	7.44	21
EBITDA-CapEx/Interest Expense	3.84	2.44	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	-54.57	-25.9	34.69	32.54	23.44	18.57	29.4
Long-Term Debt/Equity (%)	- -	- -	152.66	169.9	234.72	324.83	165.4
Long-Term Debt/Capital (%)	125.75	107.67	59.69	62.37	66.51	76.22	62.17
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 (%)	127.32	110.29	60.9	63.29	71.66	76.53	62.41
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 (%)	144.44	105.04	43.24	51.95	66.61	71.24	32.14
EBITDA	287	193	581	499	1,261	2,360	4,347
EBITDA-CapEx	284	190	580	499	1,193	2,329	4,318
Operating Income (Loss)	194	21	150	-48	772	1,911	4,152

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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	-54.57	-25.9	34.69	32.54	23.44	18.57	29.4
Long-Term Debt/Equity (%)	- -	- -	152.66	169.9	234.72	324.83	165.4
Long-Term Debt/Capital (%)	125.75	107.67	59.69	62.37	66.51	76.22	62.17
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 (%)	127.32	110.29	60.9	63.29	71.66	76.53	62.41
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	- -	- -	6.51	1.72	3.81	17.04	32.28

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	33,995	3,864	13,601	111,719	235,122
- 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	- -	- -	35,805	6,064	16,276	114,576	236,179
Total Capital	939	1,538	5,469	5,183	4,434	4,644	5,679
Total Debt/Capital (%)	127.32	110.29	60.9	63.29	71.66	76.53	62.41
Total Debt / EV	- -	- -	0.09	0.54	0.2	0.03	0.02
EV/Sales	- -	- -	12.82	2.15	8.84	35.54	43.09
EV/EBITDA	- -	- -	61.62	12.14	12.9	48.56	54.34
EV/EBIT	- -	- -	238.67	- -	21.07	59.96	56.88
EV/Cash Flow to Firm	- -	- -	81.27	- -	12.41	47.51	56.9
EV/Free Cash Flow to Firm	- -	- -	81.53	- -	13.09	48.11	57.29
Diluted Market Cap	- -	- -	31,065	3,840	14,509	114,270	237,663
Diluted Enterprise Value	- -	- -	32,875	6,040	17,184	117,128	238,721
EV per Share	- -	- -	95.46	16.22	47.89	336.95	698.11
TTM Sales	994	1,451	2,793	2,817	1,842	3,224	5,481
TTM EBITDA	287	193	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	- -	441	- -	1,311	2,412	4,151
TTM Free Cash Flow to Firm	265	- -	439	- -	1,243	2,381	4,123

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	86.18	9.32	14.61	55.24	60.28
EV/EBIT	- -	- -	238.67	- -	21.07	59.96	56.88
Enterprise Value	- -	- -	35,805	6,064	16,276	114,576	236,179
Low Price	- -	- -	50.32	9.15	9.47	37.45	193.89
EV/Sales	- -	- -	12.82	2.15	8.84	35.54	43.09
EV/EBITDA	- -	- -	61.62	12.14	12.9	48.56	54.34
Price/Earnings	- -	- -	830.57	- -	39.43	70.07	70.62
Price/Earnings Average	- -	- -	698.01	- -	26.55	24.94	44.6
Price/Earnings High	- -	- -	1,038.53	- -	45.68	87.8	74.53
Price/Earnings Low	- -	- -	461.11	- -	9.33	7.99	19.7
Price/Book Value	- -	- -	15.9	2.03	10.83	102.51	110.14
Price/Book Value Average	- -	- -	13.36	7.23	7.29	36.49	69.56
Price/Book Value High	- -	- -	19.88	18.52	12.54	128.46	116.24
Price/Book Value Low	- -	- -	8.83	1.8	2.56	11.68	30.73
Price/Tangible Book Value	- -	- -	-63.22	-2.42	-7.24	-132.89	1,187.66
Price/Tangible Book Value Average	- -	- -	-53.13	-8.61	-4.87	-47.3	750.05
Price/Tangible Book Value High	- -	- -	-79.06	-22.04	-8.39	-166.52	1,253.38
Price/Tangible Book Value Low	- -	- -	-35.1	-2.14	-1.71	-15.15	331.33
Price/Sales	- -	- -	10.54	1.36	7.65	34.33	42.96
Price/Sales Average	- -	- -	8.86	4.85	5.15	12.22	27.13
Price/Sales High	- -	- -	13.18	12.43	8.86	43.02	45.34
Price/Sales Low	- -	- -	5.85	1.21	1.81	3.91	11.98
Price/Cash Flow	- -	- -	81.36	9.3	13.27	52.74	59.29
Price/Cash Flow Average	- -	- -	68.38	33.13	8.93	18.77	37.44
Price/Cash Flow High	- -	- -	101.73	84.86	15.37	66.08	62.57
Price/Cash Flow Low	- -	- -	45.17	8.24	3.14	6.01	16.54
Price/Free Cash Flow Average	- -	- -	72.43	33.18	9.83	19.66	38.07
Price/Free Cash Flow High	- -	- -	107.76	84.99	16.92	69.22	63.61
Price/Free Cash Flow Low	- -	- -	47.85	8.25	3.46	6.3	16.82
EV/Sales Average	- -	- -	10.88	5.66	6.42	13.22	27.29
EV/Sales High	- -	- -	15.87	13.29	10.01	44.31	45.47
EV/Sales Low	- -	- -	7.41	2	3.2	4.84	12.16
EV/EBITDA Average	- -	- -	52.28	31.96	9.38	18.06	34.4
EV/EBITDA High	- -	- -	76.27	74.99	14.61	60.54	57.33
EV/EBITDA Low	- -	- -	35.59	11.26	4.67	6.61	15.33
EV/EBIT Average	- -	- -	202.51	- -	15.32	22.3	36.02
EV/EBIT High	- -	- -	295.41	- -	23.86	74.75	60.02
EV/EBIT Low	- -	- -	137.87	- -	7.63	8.16	16.05
Last Price	- -	- -	90.63	10.34	40.02	328.54	694.98
High Price	- -	- -	113.32	94.27	46.36	411.7	733.44
Enterprise Value Average	- -	- -	30,380	15,958	11,833	42,622	149,547
Enterprise Value High	- -	- -	44,317	37,443	18,433	142,853	249,191
Enterprise Value Low	- -	- -	20,683	5,621	5,893	15,591	66,652

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

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	0.54	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	1.11	0.89	4.05	2.89	1.48	2.05	7.35
Book Value per Share	-1.83	-1.56	5.7	5.09	3.7	3.2	6.31
Tangible Book Value per Share	-3.45	-5.29	-1.43	-4.28	-5.53	-2.47	0.59