Stocks股票 / Tech / APP
AppLovin · Tech
APP US listed · USD美股 · 美元
AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California.AppLovin公司是一家美国移动技术公司，总部位于加利福尼亚州帕洛阿尔托。
Large cap大盘 · $144B
Secular growth长期成长
Tech
S&P 500标普500
$424.60
+$0.06 · +0.01%
52w low52周低 $337high高 $752
Hold off — timing against you暂缓 — 时机不利
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
Engine read引擎解读 · 2026-07-21
Price chart价格图表
daily · interactive日线 · 可交互
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Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
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Technicals技术面
daily bars日线数据 · 2026-07-21
Momentum (RSI 14)动量（RSI 14）
36
Depressed偏低
vs 50-day average相对50日均线
-15.8% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-19.9% below下方
Long trend down长期向下
Volatility波动率
83th percentile第83百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-08-0516days to go天后公布
Estimates roughly stable预期基本稳定
Post-earnings drift: +8.8% (20d)财报后漂移：+8.8%（20日）
Valuation估值
Expensive vs sector相对行业偏贵| Multiple指标 | APP | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 43.09x | 40.25 | |
| P/B市净率 | 67.29x | 5.91 | |
| P/S市销率 | 26.21x | 4.85 | |
| Earnings yield盈利收益率 | 2.32% | 2.18 | |
| Shareholder yield股东收益率 | 1.53% | 2.14 | |
| EV/EBITDA企业价值/EBITDA | 33.28x | 28.83 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
5-yr growth5年复合增速 18.4%
Earnings per share每股收益
5-yr growth5年复合增速 222.6%
Free cash flow自由现金流
Operating margin营业利润率
75.8%
Net margin净利率
60.8%
FCF margin自由现金流利润率
72.5%
Balance-sheet quality财务体质 7/9
Bankruptcy risk: safe zone破产风险：安全区
Return on equity股本回报率 156%
Watch关注
Leverage杠杆
Net debt / EBITDA净债务/EBITDA0.24
Current ratio流动比率3.32
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$2.2B
Stock-based comp股权薪酬$210.4M
Share count change (1y)股数变化（1年）-0.5%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Sector / Theme行业/主题
AI Software & Platforms theme — #11 of 46 themes「AI 软件与平台」主题 — 46 个主题中第 11 位
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
APP weekly MACD crossed downAPP 周线MACD下穿
Options positioning期权持仓
as of last close截至上一收盘Market makers are net short gamma — price moves may amplify做市商净持有负伽玛，价格波动可能被放大
Expected daily move预期日波动
±5.79%
Expected weekly move预期周波动
±12.96%
Gamma flip伽玛翻转位
$481
25d risk reversal25d风险逆转
1.7%
Flow:资金流向： $44M premium traded; 44% 0DTE; 122 fresh positions; P/C 0.93; ~leans bullish (direction approx)成交权利金 $44M；0DTE占44%；122个新建仓；看跌看涨比 0.93；≈偏看涨（方向近似）
Skew: greed偏斜：贪婪
Call and put walls are plotted on the Trade levels ladder →看涨/看跌期权墙已标注在「交易点位」阶梯上 →
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$376.8M net (0 buyers, 8 sellers)-$376.8M 净值（0 买家，8 卖家）
Concentrated ownership集中持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | As of截至 |
|---|---|---|---|---|
| Dorsey Asset Management | B | New position新建仓 | 10.0% | 2026-03-31 |
| Lone Pine Capital | B | Adding加仓 | 4.7% | 2026-03-31 |
| D1 Capital Partners | A | Holding持有 | 2.4% | 2026-03-31 |
| Whale Rock Capital | A | trimtrim | 3.6% | 2026-03-31 |
| Coatue Management | A | trimtrim | 1.8% | 2026-03-31 |
| Tiger Global (Coleman) | B | trimtrim | 1.7% | 2026-03-31 |
| Durable Capital Partners | B | exitexit | 0.0% | 2026-03-31 |
Signal history信号历史
engine events引擎事件
TOPPING → DOWNTREND做顶中 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases)回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）
Jul 24, 2026
APP weekly MACD crossed downAPP 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Jul 15, 2026
NEARING A LOW → TOPPING接近低点 → 做顶中
SELL SETUP卖出预备
Jul 14, 2026
DOWNTREND → NEARING A LOW下跌趋势 → 接近低点
GET READY准备
Jul 13, 2026
NEARING A LOW → DOWNTREND接近低点 → 下跌趋势
AVOID回避
Jul 13, 2026
APP broke down vs the marketAPP 相对市场走弱
Relative strength vs SPY crossed below the 10th percentile of the last 90 days — weakness often leads price. $442.85.相对标普500的强弱下穿近90日的第10百分位 — 走弱常先于价格。$442.85。
Jul 13, 2026
APP daily MACD crossed downAPP 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $442.85.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$442.85。
Jul 10, 2026
NEARING A HIGH → NEARING A LOW接近高点 → 接近低点
GET READY准备
Jul 9, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Jul 8, 2026
NEARING A HIGH → BUY ZONE接近高点 → 买入区
BUY买入
Showing the last 15 of显示最近15条，共 95 signals条信号
Company profile公司档案
AppLovin Corporation is an American mobile technology company headquartered in Palo Alto, California.AppLovin公司是一家美国移动技术公司，总部位于加利福尼亚州帕洛阿尔托。
Demand chain:需求链： Headcount contracting (-52% YoY to ~0.4k) — the company's revealed hiring bet员工人数收缩（同比-52%，约 0.4k）——公司用招聘表达的需求押注
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Quality质量
Above market高于市场
Investment资本投入
Below market低于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Receivables stretch
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 43.1× | 40.2× | 44% |
| Price / Book市净率 | 67.3× | 5.9× | 1% |
| Price / Sales市销率 | 26.2× | 4.8× | 3% |
| EV / EBITDAEV/EBITDA | 33.3× | 28.8× | 46% |
| Earnings yield盈利收益率 | 2.3% | 2.2% | 52% |
| Free-cash-flow yield自由现金流收益率 | 2.8% | 4.2% | 33% |
| Shareholder yield股东综合回报率 | 1.5% | 2.1% | 41% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
80/100 — stronger than most强于多数
vs market, 3 months相对大盘（3个月）
22/100 — weaker than most弱于多数
vs market, 6 months相对大盘（6个月）
13/100 — weaker than most弱于多数
vs market, 12 months相对大盘（12个月）
75/100 — stronger than most强于多数
Rank in sector行业内排名
#113 / 184
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -4.1% | -0.9% |
| 1 Month近1月 | -9.6% | -0.6% |
| 3 Months近3月 | -10.3% | +5.4% |
| 6 Months近6月 | -20.3% | +8.6% |
| Year to date年初至今 | -31.3% | +8.9% |
| 1 Year近1年 | +16.5% | +19.2% |
Trading information交易信息
Beta vs market贝塔
2.18
Volatility rank波动率分位
83th pctile
Short interest空头占比
3.6% of float
Market cap市值
$144B
EPS (trailing)每股收益
$9.85
Off 52-week high距52周高点
-42.1%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|
| Revenue营业收入 | $2.8B | $2.8B | $3.3B | $4.7B | $5.5B |
| EPS每股收益 | $0.09 | $-0.52 | $0.98 | $4.53 | $9.75 |
| Free cash flow自由现金流 | $360M | $412M | $1.1B | $2.1B | — |
| Gross margin毛利率 | 64.6% | 55.4% | 67.7% | 75.2% | 87.9% |
| Net margin净利率 | 1.3% | -6.8% | 10.9% | 33.5% | 60.8% |
| FCF margin自由现金流利润率 | 12.9% | 14.6% | 32.2% | 44.5% | — |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$5.5B
Net income净利润
$3.3B
Operating cash flow经营现金流
$4.0B
Total assets总资产
$7.3B
Shareholder equity股东权益
$2.1B
Long-term debt长期负债
$3.5B
Buybacks股票回购
$2.2B
Shares outstanding总股本
0.34B
Returns & growth回报与增长
Return on equity股本回报率
156.2%
Return on assets资产回报率
45.9%
Debt / assets负债/资产
48.4%
Profit growth利润增速
+111.0%
Asset growth资产增速
+23.7%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: receivables +254% vs sales +96% — receivables outpacing sales, revenue-quality risk营运资本：应收 +254% 对销售 +96%——应收快于销售，营收质量风险
- Pricing power: gross margin +23.3pts over 5 years定价能力：毛利率 5 年上升 23.3 个百分点
- Capital discipline: assets +23.7% (aggressive expansion)资本纪律：资产 +23.7%（扩张激进）
- Balance sheet: Altman Z 20.31 — safe zone资产负债表：Altman Z 20.31——安全区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
36
RSI (2-day)RSI（2日）
7
vs 20-day average相对20日均线
-12.3%
vs 50-day average相对50日均线
-15.8%
vs 200-day average相对200日均线
-19.9%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
61/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
4
Estimate direction预期调整方向
mixed分歧
Estimate change, 90 days预期变化（90天）
+2.8%
Net upgrades, 30 days净上调（30天）
+2
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Options — full detail期权持仓 — 完整明细
Dealer positioning map做市商持仓地图
Call wall看涨期权墙
$470
Put wall看跌期权墙
$400
Gamma flip伽玛翻转位
$481
Upside magnet上方磁吸位
$450
Downside magnet下方磁吸位
$400
Net dealer gamma做市商净伽玛
-$0.0B
Distance to flip距翻转位
-13.2%
Walls and magnets are strikes with heavy open interest — price often slows or gravitates there.期权墙与磁吸位是未平仓集中的行权价 — 价格常在附近减速或被吸引。
Volatility pricing波动率定价
Implied volatility (30d)隐含波动率（30天）
1%
25-delta risk reversal25-delta风险逆转
+1.7%
Call-put IV spread看涨-看跌IV价差
+0.1pp
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Tracked funds holding it跟踪基金持仓
| Fund基金 | Grade评级 | Latest move最新动作 | % of book组合占比 | Position市值 |
|---|---|---|---|---|
| Dorsey Asset Management | B | New position新建仓 | 10.0% | $126M |
| Lone Pine Capital | B | Adding增持 | 4.7% | $583M |
| D1 Capital Partners | A | Holding持有 | 2.4% | $266M |
| Whale Rock Capital | A | Trimming减持 | 3.6% | $277M |
| Coatue Management | A | Trimming减持 | 1.8% | $513M |
| Tiger Global (Coleman) | B | Trimming减持 | 1.7% | $398M |
| Durable Capital Partners | B | Exited清仓 | 0.0% | $110M |
Fund positioning基金持仓概览
Tracked funds in the name持有该股的跟踪基金
7
Buying vs selling买入vs卖出
2 : 4
Quarterly trend季度趋势
{'direction': 'distributing', 'n_quarters': 14, 'holders_first': 1, 'holders_last': 0, 'holders_delta': -1, 'value_change_pct': -100.0, 'from_period': '2023-03-31', 'to_period': '2026-06-30', 'available_on': '', 'available_on_first': '2023-05-15', 'holders_series': [1, 1, 1, 1, 3, 3, 4, 6, 8, 8, 7, 6, 6, 0]}{'direction': 'distributing', 'n_quarters': 14, 'holders_first': 1, 'holders_last': 0, 'holders_delta': -1, 'value_change_pct': -100.0, 'from_period': '2023-03-31', 'to_period': '2026-06-30', 'available_on': '', 'available_on_first': '2023-05-15', 'holders_series': [1, 1, 1, 1, 3, 3, 4, 6, 8, 8, 7, 6, 6, 0]}
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$376.8M
Insider buyers vs sellers内部人买家vs卖家
0 : 8
Short interest空头占流通盘
3.6%
Days to cover回补天数
2.1
Short interest change空头变化
-5.7%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。