AppLovin APP
NASDAQ APP
$320.56 +6.98 (+2.23%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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