AppLovin (APP) EV to CFO (2021 - 2026)
AppLovin's (APP) quarterly EV to CFO came in at 195.27 in Q2 2026, up 28.44% year-over-year from 152.04 in Q2 2025, and up 92.37% quarter-over-quarter from 101.51 in Q1 2026.
Analysis
AppLovin (APP) EV to CFO (2021 - 2026) Analysis & Trends
AppLovin (APP) has reported EV to CFO for 6 consecutive years, with 195.27 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to CFO rose 28.44% year-over-year to 195.27 in Q2 2026; TTM through Jun 2026 was 37.48, a 8.84% decrease from a year earlier, with the FY2025 full-year figure at 56.78, up 8.92% from the prior year.
- EV to CFO was 195.27 for Q2 2026 at AppLovin, up from 101.51 in the prior quarter.
- Over five years, EV to CFO peaked at 229.33 in Q3 2025 and troughed at 607.01 in Q1 2022.
- A 5-year average of 56.74 and a median of 72.12 in 2023 frame the typical range for EV to CFO.
- Across the five-year window, EV to CFO slumped 95.6% in 2022 and soared 311.68% in 2024, its largest moves.
- Over 5 years, EV to CFO stood at 17.5 in 2022, then jumped by 116.63% to 37.92 in 2023, then surged by 311.68% to 156.09 in 2024, then gained by 9.96% to 171.63 in 2025, then gained by 13.78% to 195.27 in 2026.
- The last three EV to CFO figures came in at 195.27 (Q2 2026), 101.51 (Q1 2026), and 171.63 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,074.35 Bn | 3,645.31 Bn | 73.85 Bn |
| 2 | AppLovin | 107.48 Bn | 104.43 Bn | 1.70 Bn |
| 3 | Trade Desk | 6.78 Bn | 5.29 Bn | 530.72 Mn |
| 4 | Magnite | 3.46 Bn | 3.13 Bn | 130.79 Mn |
| 5 | DoubleVerify Holdings | 2.07 Bn | 1.86 Bn | 161.31 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - |
| 7 | Quinstreet | 1.06 Bn | 929.83 Mn | 49.81 Mn |
| 8 | Taboola.com | 972.14 Mn | 839.09 Mn | 139.48 Mn |
| 9 | Mntn | 960.26 Mn | 722.98 Mn | 66.30 Mn |
| 10 | Viant Technology | 907.77 Mn | 920.10 Mn | 45.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 195.27 |
| Mar 31, 2026 | 101.51 |
| Dec 31, 2025 | 171.63 |
| Sep 30, 2025 | 229.33 |
| Jun 30, 2025 | 152.04 |
| Mar 31, 2025 | 107.13 |
| Dec 31, 2024 | 156.09 |
| Sep 30, 2024 | 78.50 |
| Jun 30, 2024 | 60.17 |
| Mar 31, 2024 | 56.86 |
| Dec 31, 2023 | 37.92 |
| Sep 30, 2023 | 65.73 |
| Jun 30, 2023 | 35.21 |
| Mar 31, 2023 | 15.94 |
| Dec 31, 2022 | 17.50 |
| Sep 30, 2022 | 36.11 |
| Jun 30, 2022 | 111.42 |
| Mar 31, 2022 | -607.01 |
| Dec 31, 2021 | 398.00 |
| Sep 30, 2021 | 208.66 |