Is it safe?
Can APP take a bad year?
AppLovin carries $462M of net debt at 0.09× EBITDA: a load its earnings can carry.
$462M
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.09×
Net debt / EBITDA · 0.72× a year ago · the load is coming down
- Altman Z-score
- 21.93
Altman Z-score · safe zone, above 3
- Debt / equity
- 1.11×
Debt / equity
Details›
- Total debtQ2 2026
- $3.52B
- Cash and short-term investments
- $3.05B
- Net debt
- $462M
- EBITDA, trailing twelve months
- $5.41B
- Operating profit, trailing twelve months
- $5.29B
- Debt / equity
- 1.11×
- Total debt / EBITDA
- 0.65×
- Annualised volatilitytwo years of daily moves
- 85%
- Worst drawdown on file
- −92%
- Below its 52-week high
- −58%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
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Ranks #1 of 9 by Smart Score