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AppLovin APP

AppLovin scores excellent on business quality (8.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$277.04Oct 9, 2026
Business qualityExcellent
Next earningsNov 4, 2026, after the close
Insiders, 90 daysQuiet

Why it matters

  1. What AppLovin does

    AppLovin operates a technology platform that helps mobile developers monetize and market their apps, taking a cut of ad spend and driving software revenue. The company is scaling its AI-powered advertising engine, AXON, to capture higher-margin ad placement volume across global developer networks.

  2. What it does best

    AppLovin dominates mobile app monetization through its AXON engine, delivering a gross margin of 88.5% that easily outpaces software peers like Salesforce at 77.3%. This heavy software mix creates powerful scale advantages that are tough for rivals to replicate quickly.

  3. The main risk

    A recent rating downgrade from SeekingAlpha flags mounting skepticism over valuation sustainability at these multiples. If mobile ad spend stalls or developer adoption of AXON decelerates, the high debt-to-equity structure of 1.7 leaves little margin for error.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin stands at an elite 77.4% with a net margin of 64.6%. Profitability is expanding rapidly as the business scales high-margin software revenue over fixed operating costs.

MoatStrong

AppLovin holds a top decile operating margin rank of 100 in its sector, backed by a gross margin ranking in the top quartile at 98. This deep software ecosystem lock-in makes client switching costly.

GrowthFast

Revenue surged 70.0% to $6.8 billion, a massive acceleration compared to historical periods where growth was flat. The AXON advertising engine is driving this explosive top-line expansion.

Financial healthFair

Total debt sits at $3.6 billion against $2.5 billion in cash, leaving a net debt position of $1.1 billion. Interest coverage is 25.8x, meaning debt costs are well covered, and the balance sheet is holding steady.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on APP

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is APP a good business?

AppLovin scores excellent on the Cluenex quality check (8.4 of 10), measured against its own industry. Profitability is strong, moat strong, growth fast and financial health fair.

Are insiders buying APP?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does APP report earnings?

Nov 4, 2026, after the close.

For members

See APP today

  • Today's verdict on APP, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “AppLovin (APP)”, https://cluenex.com/stocks/app/, data as of Oct 10, 2026.