APP
AppLovin CorporationEvidence as of 2026-09-02Overview · AppLovin Corporation
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile ap…
Management team
- Mr. Jordan Satok · Vice President of Corporate DevelopmentFind on LinkedIn
- Mr. Matt Stumpf · Chief Financial OfficerFind on LinkedIn
- Ms. Kihorany P. Jansen · Chief Marketing OfficerFind on LinkedIn
- Ms. Victoria Valenzuela · Chief Legal Officer & Corporate SecretaryFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
What the evidence shows
Evidence balance: Mixed (+0.1 of a possible +2; was +0.1 before debate) · confidence high. Revenue rose from 1,842,449,000 USD in fiscal Q1 2026 (fiscal quarter ended 2026-03-31) to 1,923,686,000 USD in fiscal Q2 2026 (fiscal quarter ended 2026-06-30). Gross margin compressed slightly from approximately 88.9% to approximately 88.3% and operating margin edged down from about 78.2% to about 77.6% while operating income moved from 1,439,933,000 USD to 1,494,277,000 USD; net income rose from 1,205,613,000 USD to 1,266,538,000 USD and diluted EPS from 3.56 USD to 3.76 USD. Weighted average diluted shares declined from 338,729,000 to 337,031,000 shares with repurchases of 1,000,911,000 USD reported in Q1, and the model shows price-to-FCF (TTM) at 37.47, PE (TTM) at 25.64, FCF (TTM) 2,803,870,000 USD and cash of 3,053,306,000 USD versus long‑term debt of 3,512,987,000 USD (FY 2025).
What the debate changed
Analysts argued over market and ownership signals but did not drop or weaken any surviving fundamental claims; the desk left the company’s quarter‑to‑quarter revenue, margin, income, EPS and repurchase figures intact. The debate did highlight parsing gaps in several Form 4s (multiple filings marked “skipped”) and reinforced the market‑data observations — notably weak momentum ( six‑month momentum −29.0%, three‑month −48.5%, 12‑month relative strength −54.0%) and a price sitting 22.5% below the 50‑day SMA and 36.3% below the 200‑day SMA — but those points did not change the core accounting read.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue increased from 1,842,449,000 USD in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) to 1,923,686,000 USD in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo).
XBRL companyfacts · 0001751008-26-000044Gross margin (Revenue minus CostOfRevenue) was approximately 88.9% in fiscal Q1 2026 (Revenue 1,842,449,000 USD; CostOfRevenue 203,632,000 USD) and approximately 88.3% in fiscal Q2 2026 (Revenue 1,923,686,000 USD; CostOfRevenue 225,801,000 USD), a small compression quarter-over-quarter.
XBRL companyfacts · 0001751008-26-000059Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Form 4 with the 4 filed 21 August 2026 was filed on 2026-08-21 and is listed with parse_status "skipped" in the evidence set.
4 filed 2026-08-21Form 4 with the 4 filed 21 August 2026 was filed on 2026-08-21 and is listed with parse_status "skipped" in the evidence set.
4 filed 2026-08-21Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
As of 2026-09-01, the 6‑month momentum is -29.0% (ranked in the 4th percentile of the 547‑stock research universe), indicating one of the weakest 6‑month returns in the universe.
Moneyta signal set · 2026-09-01weakened in debateAs of 2026-09-01, the 3‑month momentum is -48.5% and the 12‑month relative strength is -54.0%, showing large recent and year‑to‑date underperformance versus the research universe.
Moneyta signal set · 2026-09-01weakened in debateReads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, the largest reported ETF membership weight for APP was 0.49% of the VGT fund.
ETF constituents · market dataAdditional ETF membership weights reported as of 2026-09-02 include 0.27% of IWF, 0.21% of IVV, 0.15% of SCHB, and 0.13% of SCHX.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A 13F filing reported Wellington Management Group LLP decreased its holdings in AppLovin Corporation by 77.5% during the second quarter, according to a headline published 2 September 2026.
News · thelincolnianonline.com · 2026-09-02A headline on 31 August 2026 reported Fundsmith LLP acquired a new position of 696,568 shares in AppLovin Corporation, valued at about $358.89 million during the second quarter.
News · thelincolnianonline.com · 2026-08-31Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
On 2026-08-20, Cacovean Corina I (Chief Legal Officer) reported acquiring 1,540 shares valued at "$476k" in a transaction coded F; the filing shows no trading-plan flag.
Form 4 · Cacovean Corina I (Chief Legal Officer) · $476k code F · 2026-08-20On 2026-08-20, Stumpf Matthew (Chief Financial Officer (CFO)) reported acquiring 2,021 shares valued at "$624k" in a transaction coded F; the filing shows no trading-plan flag.
Form 4 · Stumpf Matthew (Chief Financial Officer (CFO)) · $624k code F · 2026-08-20Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports an implied free cash flow (FCF) growth rate of 25.03% that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-FCF (TTM) is 37.47 as of the price date 2026-09-01.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence set shows sequential revenue, net income, and EPS growth between fiscal Q1 and Q2 2026 alongside a modest decline in diluted shares, which together indicate improving reported profitability on a per-share basis and ongoing share-repurchase activity. Multiple insider Form 4s within a narrow window show significant officer and director purchases (C-suite and director buys totaling material dollar amounts), and at least one large external asset manager (Fundsmith) initiated a sizable reported position during Q2 — these items support a favorable interpretation of internal and select external conviction. Valuation and cash-flow metrics (PE ~25.6, price/FCF ~37.5, TTM FCF of ~$2.8B, and over $3.0B cash on the balance sheet versus long-term debt) provide concrete context for relative cash-generation capacity and leverage. While market-signal metrics indicate recent price weakness and elevated volatility, the company-level fundamentals and concentrated insider buying together create a coherent bullish read when prioritizing operational results and insider behavior over short-term market momentum.
Chair's verdict, claim by claim
Fragility · computed, not argued
diversified0.24
38 surviving claims rest on 24 distinct sources; the heaviest analyst carries 16% of them, and 97% of what the desk raised survived the debate.
The read is supported by a moderate breadth of sources (24) but a relatively large set of surviving claims (38), so each source is carrying multiple assertions. No single analyst dominates (the heaviest carries 16%), which reduces single‑point reliance, but the very high debate survival rate (97%) suggests the desk largely retained initial views after review — a pattern that can signal limited pushback or confirmation bias. Treat the collection as informational but somewhat fragile where it leans on clustered filings and a few key computed signals.
Peer context · computed, not argued
12-1 momentum ranks 6th of 25 in Software—Application (as of 2026-09-01).
6-month relative strength ranks 25th of 25 in Software—Application (as of 2026-09-01).
90-day volatility ranks 12th of 25 in Software—Application (as of 2026-09-01).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
13 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.7 to the score
6 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.8 to the score
2 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
6 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot+1.5 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on APP Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.