Technology
Price
$527.06
-6.65%Market Cap
$177.06B
Day High
$576.46
Day Low
$524.82
AppLovin (APP) delivered exceptional Q1 FY2026 results with revenue surging 59% YoY to $1.84B and net income more than doubling to $1.21B, driven by powerful operating leverage that pushed operating margins above 78%.
Key risk: High Leverage Relative to Historical Equity
AppLovin carries $3.51B in long-term debt against stockholders' equity of $2.36B, resulting in a debt-to-equity ratio of 2.26x. While equity has grown 310.7% YoY due to retained earnings, the debt load remains substantial and could constrain financial flexibility if business conditions deteriorate.
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