What is the 13F Pro Quality Score for APP?

13F Pro ranks AppLovin Corp (APP) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View APP's current score at https://13fpro.ai/company/APP (free sign-up required for the full ranking).

Which hedge funds own the most APP stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of APP include BlackRock,, VANGUARD CAPITAL MANAGEMENT, FMR. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/APP as soon as new 13F filings post.

Where does 13F Pro source APP data?

All AppLovin Corp fundamentals and ownership data come directly from SEC EDGAR. AppLovin Corp files with the SEC under CIK 1751008. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is APP in?

AppLovin Corp (APP) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives APP's revenue?

Per AppLovin Corp's latest 10-Q filed with the SEC on 2026-08-05, the biggest revenue drivers are: United States ($989.6M); Rest of the world ($934.1M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/APP.

What are APP's largest expenses?

AppLovin Corp's latest 10-Q reports these as the largest expense items: Cost of revenue ($225.8M, +46% YoY); Research and development ($99.9M, +127% YoY); Sales and marketing ($63.4M, +35% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is APP research updated on 13F Pro?

APP's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

AppLovin Corp(APP)Stock Analysis

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SEC EDGAR: CIK 1751008 APP stock profile & AI dashboard →

13F Pro Quality Score

84.4/100

Rank #9 of 2,961 stocksTOP 1%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

91.4/100

Profitability

98.8/100

Balance Sheet

99.6/100

Earnings Quality

40.9/100

Free Cash Flow

97.9/100

Institutional Flow

78.4/100

Revenue Scale

82.5/100

Dilution Risk

28.4/100

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Why APP Scores 84/100

exact factor attribution · 2026-09-11

APP's composite is driven by revenue growth and profitability, held back by shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+8.3 pts

91th pct

Profitability

+7.3 pts

99th pct

Free cash flow

+7.2 pts

98th pct

Capital efficiency

+5.0 pts

100th pct

Scale

+4.9 pts

83th pct

Earnings growth

+2.4 pts

97th pct

Institutional flow

+1.4 pts

78th pct

Earnings quality

-0.9 pts

41th pct

Shareholder dilution

-1.1 pts

28th pct

Latest change (2026-08-07): 87 → 85 · ↓ Institutional flow 18→9

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

APP Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for AppLovin Corp (APP), a Technology sector company. 13F Pro's AI-powered ranking engine scores APP at 84.4/100 on a 32-signal composite quality model, placing it at rank #9 of 2,961 stocks — the top 1% of the AI-ranked universe. APP scores in the top quartile across balance sheet strength (99.6), profitability (98.8), free cash flow (97.9). Shareholder dilution risk is elevated at 28.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), AppLovin Corp reports quarterly revenue of $1.9B, net income of $1.3B, an operating margin of 77.7%. Top institutional holders of APP by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, FMR, based on the most recent SEC filings. APP trades on the Nasdaq exchange and files with the SEC under CIK 1751008. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate APP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AppLovin Corp directly from SEC EDGAR. AppLovin Corp's 13F Pro composite quality score has ranged between 51 and 91 since 2022, currently 84.4 — an improving long-term trajectory across 64 quarterly and live scoring snapshots.

✦

Fun facts about AppLovin Corp

Quirks, history, and lore behind APP — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. technology company · large-cap · listed on Nasdaq · headquartered in California.
2
The Numbers
Annual revenue has surged past $4 billion, and its stock was one of the best-performing large-caps in recent years — up hundreds of percent in a single year.
3
The History
Founded in the early 2010s, it started as a mobile app monetization platform and quietly built an empire while the flashier ad-tech names grabbed the headlines.
4
The Secret
Its real superpower is an AI-driven advertising engine that matches ads to users across millions of mobile apps — think of it as the plumbing behind mobile gaming revenue.
5
The Lore
It made a jaw-dropping unsolicited bid for TikTok in early 2025, instantly turning a behind-the-scenes ad-tech firm into front-page news.
6
The Giveaway
Its ticker is literally a three-letter abbreviation for its product — mobile apps — and its platform powers the in-app advertising economy for game developers worldwide.

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What's Driving APP's Business? Latest 10-Q Breakdown

✓ 29/29 datapoints verified

AI-extracted from AppLovin Corp's 10-Q filed 2026-08-05 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue rose 53% YoY to $1.92B as AppLovin Ads net revenue per installation increased 58%, offsetting a 2% decline in installation volume; net income was $1.27B.

Biggest Revenue Drivers

United States$989.6M

Revenue disaggregated by geography based on user location; company operates as a single reportable segment

Rest of the world$934.1M

Revenue disaggregated by geography based on user location; substantially all revenue from AppLovin Ads

Biggest Revenue Drivers

Total revenue: $1.92B+53% YoY

United States$989.6M

Revenue disaggregated by geography based on user location; company operates as a single reportable segment

Rest of the world$934.1M

Revenue disaggregated by geography based on user location; substantially all revenue from AppLovin Ads

Largest Expense Items

Cost of revenue$225.8M+46% YoY

Increase of $52.1 million in expenses associated with operating our network infrastructure driven by the growth in our operations

Research and development$99.9M+127% YoY

Increase of $54.8 million in personnel-related expenses related to an increase in stock-based compensation-related payroll costs

Sales and marketing$63.4M+35% YoY

Increase of $17.2 million in advertising and marketing program costs, partially offset by a $3.5 million decrease in personnel-related expenses

General and administrative$40.3M-27% YoY

Decrease of $9.5 million in bad debt expense and $5.2 million in professional services costs associated with transaction-related expenses

Margins: Income from operations was 78% of revenue versus 76% a year ago, as total costs fell to 22% of revenue from 24%. Adjusted EBITDA margin rose to 83.9% from 80.9%.

Watch Items from the Filing

Installation volume declined 2% YoY; growth relied entirely on a 58% increase in net revenue per installation from Axon AI-driven AppLovin Ads performance.
Securities class action and consolidated derivative suits allege false statements on advertising solutions and growth; company cannot estimate maximum exposure or range of possible loss.
Cloud computing commitment of $1.3 billion over three years signed August 2024; $953.5 million paid through June 30, 2026, leaving a sizable remaining obligation.
Stock-based compensation more than doubled to $85.8 million from $34.6 million, with R&D alone at $68.9 million versus $17.2 million a year ago.
$3.6 billion of senior unsecured notes outstanding; $1.5 billion of stock repurchased in six months leaves $1.8 billion of authorization remaining.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.9B

Net Income

Q2 2026

$1.3B

Operating Margin

Q2 2026

77.7%

D/E Ratio

Q2 2026

1.11

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+70.0% YoY

$5.48BFY 2025

FY22 $2.82BFY23 $1.84BFY24 $3.22BFY25 $5.48B

Net Income

+111.0% YoY

$3.33BFY 2025

FY22 $-192.7MFY23 $356.7MFY24 $1.58BFY25 $3.33B

Operating Income

+117.3% YoY

$4.15BFY 2025

FY22 $-47.8MFY23 $772.4MFY24 $1.91BFY25 $4.15B

EPS (Diluted)

+115.2% YoY

$9.75FY 2025

FY22 $-0.52FY23 $0.98FY24 $4.53FY25 $9.75

Total Assets

+23.7% YoY

$7.26BFY 2025

FY22 $5.85BFY23 $5.36BFY24 $5.87BFY25 $7.26B

Total Debt

+0.1% YoY

$3.51BFY 2025

FY22 $3.28BFY23 $3.55BFY24 $3.51BFY25 $3.51B

Op. Cash Flow

+89.2% YoY

$3.97BFY 2025

FY22 $412.8MFY23 $1.06BFY24 $2.10BFY25 $3.97B

Free Cash Flow

—FY 2025

FY22 $412.1MFY23 $1.06BFY24 $2.09BFY25 —

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$5.48B +70.0%	$3.22B +75.1%	$1.84B -34.6%	$2.82B +0.9%	$2.79B +92.5%	$1.45B
Net Income	$3.33B +111.0%	$1.58B +342.9%	$356.7M +285.1%	$-192.7M -643.8%	$35.4M +128.3%	$-125.2M
Operating Income	$4.15B +117.3%	$1.91B +147.4%	$772.4M +1716.2%	$-47.8M -131.9%	$150.0M +341.8%	$-62.0M
EPS (Diluted)	$9.75 +115.2%	$4.53 +362.2%	$0.98 +288.5%	$-0.52 -677.8%	$0.09 +115.5%	$-0.58
Total Assets	$7.26B +23.7%	$5.87B +9.5%	$5.36B -8.4%	$5.85B -5.1%	$6.16B +186.1%	$2.15B
Total Debt	$3.51B +0.1%	$3.51B -1.2%	$3.55B +8.3%	$3.28B -0.0%	$3.28B +105.1%	$1.60B
Operating Cash Flow	$3.97B +89.2%	$2.10B +97.7%	$1.06B +157.2%	$412.8M +14.1%	$361.9M +62.4%	$222.9M
Free Cash Flow	—	$2.09B +98.1%	$1.06B +156.5%	$412.1M +14.3%	$360.5M +64.1%	$219.6M

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Available Research

13F Pro tracks comprehensive data for AppLovin Corp including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of APP

BlackRock, Inc.
$12.4B24,040,619 sh
VANGUARD CAPITAL MANAGEMENT LLC
$9.1B17,744,980 sh
FMR LLC
$8.9B17,293,553 sh
STATE STREET CORP
$6.2B12,101,830 sh
Invesco Ltd.
$5.7B10,975,993 sh
Capital World Investors
$4.2B8,150,954 sh
GEODE CAPITAL MANAGEMENT, LLC
$3.8B7,362,995 sh
BAILLIE GIFFORD & CO
$3.3B6,471,615 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$3.3B6,350,652 sh
MORGAN STANLEY
$3.0B5,791,247 sh

Fund	Value	Shares
BlackRock, Inc.	$12.4B	24,040,619
VANGUARD CAPITAL MANAGEMENT LLC	$9.1B	17,744,980
FMR LLC	$8.9B	17,293,553
STATE STREET CORP	$6.2B	12,101,830
Invesco Ltd.	$5.7B	10,975,993
Capital World Investors	$4.2B	8,150,954
GEODE CAPITAL MANAGEMENT, LLC	$3.8B	7,362,995
BAILLIE GIFFORD & CO	$3.3B	6,471,615
VANGUARD PORTFOLIO MANAGEMENT LLC	$3.3B	6,350,652
MORGAN STANLEY	$3.0B	5,791,247

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Is APP a good stock to buy?

13F Pro's AI-powered analysis of AppLovin Corp (APP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for APP are available on the APP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. APP is classified as a large company.

Which hedge funds own APP?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling APP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of AppLovin Corp's investment landscape.