Applovin Corp
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimiz… Read more
Applovin Corp (APP) - Net Assets
Latest net assets as of December 2025: $2.13 Billion USD
Based on the latest financial reports, Applovin Corp (APP) has net assets worth $2.13 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.26 Billion) and total liabilities ($5.12 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.13 Billion |
| % of Total Assets | 29.4% |
| Annual Growth Rate | N/A |
| 5-Year Change | -0.17% |
| 10-Year Change | N/A |
| Growth Volatility | 50.72 |
Applovin Corp - Net Assets Trend (2018–2025)
This chart illustrates how Applovin Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Applovin Corp (2018–2025)
The table below shows the annual net assets of Applovin Corp from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.13 Billion | +95.87% |
| 2024-12-31 | $1.09 Billion | -13.25% |
| 2023-12-31 | $1.26 Billion | -33.97% |
| 2022-12-31 | $1.90 Billion | -11.02% |
| 2021-12-31 | $2.14 Billion | +1451.33% |
| 2020-12-31 | $-158.24 Million | +38.33% |
| 2019-12-31 | $-256.57 Million | +32.19% |
| 2018-12-31 | $-378.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Applovin Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 274135000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.74 Billion | 81.28% |
| Common Stock | $11.00K | 0.00% |
| Other Comprehensive Income | $-46.99 Million | -2.20% |
| Other Components | $446.55 Million | 20.92% |
| Total Equity | $2.13 Billion | 100.00% |
Applovin Corp Competitors by Market Cap
The table below lists competitors of Applovin Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Constellation Energy Corp
NASDAQ:CEG
|
$107.51 Billion |
|
L'Air Liquide S.A
PINK:AIQUF
|
$107.70 Billion |
|
Crowdstrike Holdings Inc
NASDAQ:CRWD
|
$108.59 Billion |
|
Altria Group
NYSE:MO
|
$109.00 Billion |
|
T-Mobile US Inc
NASDAQ:TMUS
|
$106.51 Billion |
|
Lockheed Martin Corporation
NYSE:LMT
|
$106.03 Billion |
|
Boston Scientific Corp
NYSE:BSX
|
$105.38 Billion |
|
Starbucks Corporation
NASDAQ:SBUX
|
$105.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Applovin Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,089,818,000 to 2,134,670,999, a change of 1,044,852,999 (95.9%).
- Net income of 3,333,751,000 contributed positively to equity growth.
- Share repurchases of 2,191,944,000 reduced equity.
- Other comprehensive income increased equity by 56,109,000.
- Other factors decreased equity by 153,063,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.33 Billion | +156.17% |
| Share Repurchases | $2.19 Billion | -102.68% |
| Other Comprehensive Income | $56.11 Million | +2.63% |
| Other Changes | $-153.06 Million | -7.17% |
| Total Change | $- | 95.87% |
Book Value vs Market Value Analysis
This analysis compares Applovin Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 70.90x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-2.00 | $442.57 | x |
| 2019-12-31 | $-1.21 | $442.57 | x |
| 2020-12-31 | $-0.74 | $442.57 | x |
| 2021-12-31 | $6.24 | $442.57 | x |
| 2022-12-31 | $5.12 | $442.57 | x |
| 2023-12-31 | $3.46 | $442.57 | x |
| 2024-12-31 | $3.13 | $442.57 | x |
| 2025-12-31 | $6.24 | $442.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Applovin Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 156.17%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.83%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 3.40x
- Recent ROE (156.17%) is above the historical average (40.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -53.79% | 0.90x | 0.00x | $-222.16 Million |
| 2019 | 0.00% | 11.97% | 0.83x | 0.00x | $144.70 Million |
| 2020 | 0.00% | -8.63% | 0.67x | 0.00x | $-109.33 Million |
| 2021 | 1.66% | 1.27% | 0.45x | 2.88x | $-178.36 Million |
| 2022 | -10.13% | -6.84% | 0.48x | 3.07x | $-383.01 Million |
| 2023 | 28.39% | 10.87% | 0.61x | 4.27x | $231.08 Million |
| 2024 | 144.96% | 33.55% | 0.80x | 5.39x | $1.47 Billion |
| 2025 | 156.17% | 60.83% | 0.75x | 3.40x | $3.12 Billion |
Industry Comparison
This section compares Applovin Corp's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $123,009,276
- Average return on equity (ROE) among peers: -8.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Applovin Corp (APP) | $2.13 Billion | 0.00% | 2.40x | $107.18 Billion |
| Adaptive Ad Systems Inc (AATV) | $4.67 Million | 44.68% | 0.14x | $1.79K |
| ACCESS Newswire Inc. (ACCS) | $-205.53K | 0.00% | 0.00x | $14.00 Million |
| Artec Consulting Corp (ACTL) | $3.96K | -153.62% | 0.03x | $69.28K |
| Advantage Solutions Inc (ADV) | $1.10 Billion | -5.74% | 2.42x | $114.90 Million |
| Airnet Technology Inc (ANTE) | $-18.96 Million | 0.00% | 0.00x | $46.30 Million |
| Advantex Marketing International Inc (ATXMF) | $-1.40 Million | 0.00% | 0.00x | $36.32K |
| Baosheng Media Group Holdings Ltd (BAOS) | $32.18 Million | 34.72% | 1.63x | $2.49 Million |
| Bang Holdings Corp (BXNG) | $-808.98K | 0.00% | 0.00x | $406.52 |
| Beyond Commerce Inc (BYOC) | $-12.48 Million | 0.00% | 0.00x | $1.65 Million |