PerpEquitiesEquity
APP perpetual futures
AppLovin Corporation tracked across crypto venues with normalized contract specs.
Price chart
543.22▲ 8.95%
500.00520.00540.00560.00
Jun 30Jul 1Jul 3Jul 4Jul 6
24/7 perp mark · BingX (APP-USDT)
Auto: market closed → highest-volume perp venue
Trading data
Perpetual market activity
Venues
2
Live markets
2/2
24h volume
$2.0M
Open interest
$755k
Best liquidity
$259k
BingX
Tightest spread
+7.9 bps
Bitget
Highest volume
$1.2M
BingX
Settlement mix
USDT · 2/2
Best Liquidity
APPTightest Spread
APPHighest Volume
APPCompany data
Company fundamentals
Market cap
$182.3B
Updated 3h ago
Revenue
$6.2B
Trailing 12 months
Net income
$4.0B
Trailing 12 months
Free cash flow
$4.4B
Trailing 12 months
Profit margin
64.3%
P/E
46.3
P/S
29.6
Revenue estimate
$8.2B
Next fiscal year
Revenue growth
+50%
Next fiscal year
Fundamental detail
Annual + quarterlyLatest revenue$5.5B
Net margin+60.8%
Free cash flow$3.9B
Net debt$1.1B
PeriodRevenueGrowthNet incomeFCF
2020$1.5B+46%$-125.2M$219.6M
2021$2.8B+92%$35.4M$360.5M
2022$2.8B+1%$-192.7M$412.1M
2023$1.8B-35%$357.2M$1.1B
2024$3.2B+75%$1.6B$2.1B
2025$5.5B+70%$3.3B$3.9B
PeriodGross marginOperating marginNet marginROEROA
2020+61.7%-4.3%-8.6%+79.0%-5.8%
2021+64.6%+5.4%+1.3%+1.7%+0.6%
2022+55.4%-1.7%-6.8%-10.1%-3.3%
2023+80.6%+41.9%+19.4%+28.4%+6.7%
2024+83.9%+59.3%+49.0%+145.0%+26.9%
2025+87.9%+75.8%+60.8%+156.2%+45.9%
PeriodCashDebtNet debtCurrent ratio
2020$317.2M$1.7B$1.4B1.11
2021$1.5B$3.3B$1.8B5.05
2022$1.1B$3.3B$2.2B3.35
2023$502.2M$3.2B$2.7B1.71
2024$741.4M$3.6B$2.8B2.19
2025$2.5B$3.5B$1.1B3.32
PeriodMarket capEnterprise valueP/SP/E
2020$14.0B$15.4B9.7-112.4
2021$30.6B$32.4B11.0965.8
2022$3.9B$6.1B1.4-20.2
2023$14.0B$16.7B7.639.5
2024$109.1B$111.9B33.869.2
2025$228.3B$229.3B41.768.5
PeriodRevenueGrowthNet incomeFCF
Q2 2024$711.0M-5%$310.0M$454.5M
Q3 2024$835.2M-3%$434.4M$547.5M
Q4 2024$1.4B+44%$599.2M$696.2M
Q1 2025$1.2B+10%$576.4M$831.7M
Q2 2025$1.3B+77%$819.5M$772.2M
Q3 2025$1.4B+68%$835.5M$1.1B
Q4 2025$1.7B+21%$1.1B$1.3B
Q1 2026$1.8B+59%$1.2B$1.3B
PeriodGross marginOperating marginNet marginROEROA
Q2 2024+82.9%+54.1%+43.6%+38.0%+5.9%
Q3 2024+85.5%+64.0%+52.0%+46.3%+8.0%
Q4 2024+76.7%+44.3%+43.6%+55.0%+10.2%
Q1 2025+86.9%+72.5%+49.7%+100.2%+10.1%
Q2 2025+87.7%+76.1%+65.1%+70.2%+13.8%
Q3 2025+87.6%+76.8%+59.5%+56.7%+13.2%
Q4 2025+88.9%+76.9%+66.5%+51.6%+15.2%
Q1 2026+88.9%+78.2%+65.4%+51.0%+15.6%
PeriodCashDebtNet debtCurrent ratio
Q2 2024$460.4M$3.5B$3.1B2.28
Q3 2024$567.6M$3.5B$2.9B2.41
Q4 2024$741.4M$3.6B$2.8B2.19
Q1 2025$551.0M$3.7B$3.2B1.68
Q2 2025$1.2B$3.5B$2.3B2.74
Q3 2025$1.7B$3.5B$1.8B3.25
Q4 2025$2.5B$3.5B$1.1B3.32
Q1 2026$2.8B$3.5B$755.4M3.24
PeriodMarket capEnterprise valueP/SP/E
Q2 2024$28.5B$31.5B40.023.0
Q3 2024$44.0B$46.9B52.725.3
Q4 2024$109.8B$112.6B80.045.7
Q1 2025$90.0B$93.2B77.739.0
Q2 2025$118.5B$120.9B94.236.2
Q3 2025$243.2B$245.1B173.172.7
Q4 2025$227.9B$228.9B137.451.7
Q1 2026$134.3B$135.0B72.927.9
Refreshed 3h ago
Research data
Estimates, events and peers
Estimates
6 periodsFY 2026$8.2B+50%21 analysts
FY 2027$10.7B+96%23 analysts
FY 2028$13.8B+153%17 analysts
FY 2029$13.7B+150%14 analysts
FY 2030$15.3B+179%8 analysts
Q1 2027$2.4B+32%11 analysts
Events
Earnings · dividends · splits2026-08-06EarningsRevenue est. $1.9B
2026-08-05EarningsRevenue est. $1.9B
2026-05-06EarningsRevenue est. $1.8B
2026-02-11EarningsRevenue est. $1.6B
2025-11-05EarningsRevenue est. $1.3B
2025-08-06EarningsRevenue est. $1.2B