AppLovin (APP) EV to FCF (2021 - 2026)
AppLovin's (APP) quarterly EV to FCF 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 FCF (2021 - 2026) Analysis & Trends
AppLovin (APP) has reported EV to FCF for 6 consecutive years, with 195.27 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF 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, down 0.91% from the prior year.
- EV to FCF was 195.27 for Q2 2026 at AppLovin, up from 101.51 in the prior quarter.
- Over five years, EV to FCF peaked at 229.33 in Q3 2025 and troughed at 576.86 in Q1 2022.
- A 5-year average of 60.88 and a median of 84.27 in 2023 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF plunged 97.07% in 2022 and surged 254.09% in 2024, its largest moves.
- Over 5 years, EV to FCF stood at 31.57 in 2022, then jumped by 47.28% to 46.5 in 2023, then soared by 235.67% 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 FCF 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 | 46.50 |
| Sep 30, 2023 | 90.05 |
| Jun 30, 2023 | 35.56 |
| Mar 31, 2023 | 16.06 |
| Dec 31, 2022 | 31.57 |
| Sep 30, 2022 | 37.76 |
| Jun 30, 2022 | 106.73 |
| Mar 31, 2022 | -576.86 |
| Dec 31, 2021 | 1,079.36 |
| Sep 30, 2021 | 204.62 |