AppLovin (APP) Price to FCF (2021 - 2026)
AppLovin's (APP) quarterly Price to FCF came in at 198.78 in Q2 2026, up 29.43% year-over-year from 153.58 in Q2 2025, and up 91.8% quarter-over-quarter from 103.64 in Q1 2026.
Analysis
AppLovin (APP) Price to FCF (2021 - 2026) Analysis & Trends
AppLovin (APP) has reported Price to FCF for 6 consecutive years, with 198.78 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to FCF rose 29.43% year-over-year to 198.78 in Q2 2026; TTM through Jun 2026 was 38.16, a 8.13% decrease from a year earlier, with the FY2025 full-year figure at 57.41, changed 0.45% from the prior year.
- Price to FCF was 198.78 for Q2 2026 at AppLovin, up from 103.64 in the prior quarter.
- Over five years, Price to FCF peaked at 230.91 in Q3 2025 and troughed at 619.2 in Q1 2022.
- A 5-year average of 61.53 and a median of 85.93 in 2023 frame the typical range for Price to FCF.
- Across the five-year window, Price to FCF slumped 96.14% in 2022 and soared 225.29% in 2024, its largest moves.
- Over 5 years, Price to FCF stood at 43.52 in 2022, then advanced by 10.97% to 48.29 in 2023, then soared by 225.29% to 157.08 in 2024, then grew by 10.47% to 173.52 in 2025, then rose by 14.56% to 198.78 in 2026.
- The last three Price to FCF figures came in at 198.78 (Q2 2026), 103.64 (Q1 2026), and 173.52 (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 | 198.78 |
| Mar 31, 2026 | 103.64 |
| Dec 31, 2025 | 173.52 |
| Sep 30, 2025 | 230.91 |
| Jun 30, 2025 | 153.58 |
| Mar 31, 2025 | 107.80 |
| Dec 31, 2024 | 157.08 |
| Sep 30, 2024 | 79.53 |
| Jun 30, 2024 | 61.18 |
| Mar 31, 2024 | 57.97 |
| Dec 31, 2023 | 48.29 |
| Sep 30, 2023 | 92.33 |
| Jun 30, 2023 | 39.42 |
| Mar 31, 2023 | 20.41 |
| Dec 31, 2022 | 43.52 |
| Sep 30, 2022 | 43.42 |
| Jun 30, 2022 | 115.27 |
| Mar 31, 2022 | -619.20 |
| Dec 31, 2021 | 1,127.85 |
| Sep 30, 2021 | 212.88 |