# APP · AppLovin Corp Snapshot 2026-10-26 · CIK 0001751008 · Nasdaq · Services-Computer Programming, Data Processing, Etc. Price 260.25 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 87.09 B Machine-readable: https://theclaudetrader.com/s/APP.json · index: https://theclaudetrader.com/llms.txt ## Scores ### Graham Defensive: 35.0 (partial: 3, 5) · complete: False · missing tests: 3, 5 · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2019–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 16, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham - 1 Adequate size: 5.48 revenue $B · threshold >= 1 · points 5.0/5 - 2a Current ratio: 4.3 · threshold >= 2.0 · points 15.0/15 - 2b Long-term debt vs working capital: 0.85 LTD / WC · threshold <= 1.0 · points 15.0/15 - 3 Positive earnings each of 10 years: 7 years reported · threshold 10 of 10 · points None/15 - 4 Dividends every year for 20 years: 0 of 20 · threshold 20 of 20 · points 0.0/15 - 5 EPS growth, 3-yr avg now vs 10 yrs ago: None · threshold >= +33% · points None/10 - 6 P/E on 3-year average EPS: 51.2 · threshold <= 15 · points 0.0/15 - 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 27.53, product 1408.8 · threshold <= 1.5 or <= 22.5 · points 0.0/10 Inputs: - Price (close, per traded unit): 260.25 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Revenue: 5480717000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - current_assets: 5392316000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - current_liabilities: 1253958000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - lt_debt: 3515072000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - equity: 3163016000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - Net income FY2019: 119040000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100822000005/ · unverified - Net income FY2020: -125187000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100823000006/ · unverified - Net income FY2021: 35446000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Net income FY2022: -192746000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Net income FY2023: 356711000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2024: 1579776000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2025: 3333751000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/APP/history?filter=div · unverified - EPS diluted FY2023: 0.98 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - EPS diluted FY2024: 4.53 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - EPS diluted FY2025: 9.75 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Shares outstanding: 334651000.0 · 2026-07-31 · SEC cover page 10-Q 0001751008-26-000059 (sum of classes (Class A Common Stock 304,443,000 x 1; Class B Common Stock 30,208,000 x 1; class economics verified in https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/app-20251231.htm)); filing document https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/app-20260630.htm · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/R1.htm ### Magic Formula: — (insufficient data (no fresh property, plant and equipment (PropertyPlantAndEquipmentNet) reported)) · complete: None · missing tests: none · current inputs as of None · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula ### Momentum: 7.8 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum - 12-1 month return: -46.5 % · threshold · points 1.4/50 - 6 month return: -42.7 % · threshold · points 0.1/20 - Price / 52-week high: 0.355 · threshold · points 5.3/15 - Volatility penalty (60d annualised): 62.5 % · threshold · points 0.9/15 Inputs: - Adjusted close series (14 months): 260.25 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · ### Insider: 0.0 (no open-market transactions in window) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider - Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold · points 0.0/35 - Distinct buyers: 0 · threshold · points 0.0/25 - Buyer seniority: 0.0 · threshold · points 0.0/20 - Recency (half-life 30d): 0.0 · threshold · points 0.0/10 - Sales penalty (excludes 10b5-1 plan sales): 0.0 bp · threshold · points -0.0/0 ### Buffett Quality: 80.7 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2019–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 38, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett - 1 Average return on equity (net income / year-end equity): 64.2% over 5 yrs · threshold >= 15% · points 25.0/25 - 2 Profitable every year: 5 of 7 · threshold all years · points 10.7/15 - 3 Net income growth, 3-yr average now vs start of window: +266.2% a year · threshold >= +10% · points 10.0/10 - 4 Borrowings / 3-yr average earnings (years to repay): 2.0 years · threshold <= 4 · points 15.0/15 - 5 Operating margin, 5-yr average: 36.1% · threshold >= 20% · points 10.0/10 - 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 1.54 · threshold >= 1.0 · points 10.0/10 - 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 2.7% · threshold >= 7% · points 0.0/15 Inputs: - Price (close, per traded unit): 260.25 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - Net income FY2021: 35446000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Equity at FY2021 end: 2138090000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Net income FY2022: -192746000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Equity at FY2022 end: 1902677000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2023: 356711000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Equity at FY2023 end: 1256329000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2024: 1579776000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Equity at FY2024 end: 1089818000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - Net income FY2025: 3333751000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Equity at FY2025 end: 2134671000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - Net income FY2019: 119040000.0 · 2019-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100822000005/ · unverified - Net income FY2020: -125187000.0 · 2020-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100823000006/ · unverified - Net income FY2021: 35446000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Net income FY2022: -192746000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Net income FY2023: 356711000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2024: 1579776000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2025: 3333751000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - debt_incl_current: 3512987000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Operating income FY2021: 150016000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Revenue FY2021: 2793104000.0 · 2021-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Operating income FY2022: -47791000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Revenue FY2022: 2817058000.0 · 2022-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Operating income FY2023: 772411000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Revenue FY2023: 1841762000.0 · 2023-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Operating income FY2024: 1910956000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Revenue FY2024: 3224058000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Operating income FY2025: 4151914000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Revenue FY2025: 5480717000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Operating cash flow FY2021: 361851000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Capital expenditure FY2021: 1390000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Operating cash flow FY2022: 412773000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Capital expenditure FY2022: 662000.0 · 2022-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Operating cash flow FY2023: 1061510000.0 · 2023-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Capital expenditure FY2023: 4246000.0 · 2023-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Operating cash flow FY2024: 2099011000.0 · 2024-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Capital expenditure FY2024: 4776000.0 · 2024-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Operating cash flow FY2025: 3971094000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Capital expenditure FY2025: 28318000.0 · 2025-12-31 · SEC XBRL PaymentsToAcquireIntangibleAssets (10-K via companyfacts; capex fallback) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Shares outstanding: 334651000.0 · 2026-07-31 · SEC cover page 10-Q 0001751008-26-000059 (sum of classes (Class A Common Stock 304,443,000 x 1; Class B Common Stock 30,208,000 x 1; class economics verified in https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/app-20251231.htm)); filing document https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/app-20260630.htm · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/R1.htm ### Lynch GARP: 33.7 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch - 1 PEG: P/E divided by 5-yr EPS growth (in % points): None · threshold <= 1.0 · points 0.0/30 - 2 EPS growth, 5-yr compound rate: None · threshold 12% to 35% a year · points 0.0/20 - 3 P/E on latest annual EPS: 26.7 · threshold <= 25 · points 8.9/10 - 4 Borrowings / equity: 1.11 · threshold <= 0.5 · points 5.8/15 - 5 Years of the last 5 in which EPS rose: 4 of 5 · threshold 5 of 5 · points 12.0/15 - 6 Net cash (cash minus borrowings) / market cap: -0.5% · threshold >= +10% · points 7.0/10 Inputs: - Price (close, per traded unit): 260.25 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - EPS diluted FY2025: 9.75 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - EPS diluted FY2020: -0.58 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1751008/000175100823000006/ · unverified - debt_incl_current: 3512987000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - equity: 3163016000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - cash: 3053306000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified ### Graham Enterprising: 52.0 (ok) · complete: True · missing tests: none · current inputs as of 2025-12-31 · stale inputs: debt_incl_current · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising - 1 Current ratio: 4.3 · threshold >= 1.5 · points 15.0/15 - 2 Borrowings vs working capital: 0.85 x · threshold <= 1.1x · points 15.0/15 - 3 No earnings deficit in the last 5 years: 4 of 5 profitable · threshold 5 of 5 · points 12.0/15 - 4 Pays a current dividend: no · threshold yes · points 0.0/10 - 5 EPS higher than five years earlier: -0.58 -> 9.75 · threshold higher · points 10.0/10 - 6 Price / book value per share: 27.53 · threshold <= 1.2 · points 0.0/20 - 7 Price / net current asset value per share (current assets minus all liabilities): 304.31 · threshold <= 0.67 · points 0.0/15 Inputs: - Price (close, per traded unit): 260.25 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1 - current_assets: 5392316000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - current_liabilities: 1253958000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - debt_incl_current: 3512987000.0 · 2025-12-31 · SEC XBRL LongTermDebt · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2021: 35446000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ · unverified - Net income FY2022: -192746000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ · unverified - Net income FY2023: 356711000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2024: 1579776000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Net income FY2025: 3333751000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - Dividend years (Yahoo): [] · · Yahoo Finance dividend history · https://finance.yahoo.com/quote/APP/history?filter=div - EPS diluted FY2025: 9.75 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - EPS diluted FY2020: -0.58 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1751008/000175100823000006/ · unverified - equity: 3163016000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - Shares outstanding: 334651000.0 · 2026-07-31 · SEC cover page 10-Q 0001751008-26-000059 (sum of classes (Class A Common Stock 304,443,000 x 1; Class B Common Stock 30,208,000 x 1; class economics verified in https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/app-20251231.htm)); filing document https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/app-20260630.htm · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/R1.htm - liabilities: 5106115000.0 · 2026-06-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified ### Piotroski F-Score: 100.0 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski - 1 Return on assets is positive: 45.9% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 2 Operating cash flow is positive: 3,971M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 3 Return on assets improved on the prior year: 26.9% -> 45.9% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 4 Operating cash flow exceeds net income (accruals): 3,971M vs 3,334M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 5 Long-term debt / assets fell: 59.8% -> 48.4% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 6 Current ratio improved: 2.19 -> 3.32 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 7 No new shares issued (share count did not rise): 339M -> 335M · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 59.3% -> 75.8% · threshold pass = 1 · points 11.11111111111111/11.11111111111111 - 9 Asset turnover (revenue / assets) improved: 0.55 -> 0.75 · threshold pass = 1 · points 11.11111111111111/11.11111111111111 Inputs: - net_income 2025-12-31: 3333751000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - total_assets 2025-12-31: 7259610000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - cfo 2025-12-31: 3971094000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - net_income 2025-12-31: 3333751000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - net_income 2024-12-31: 1579776000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - total_assets 2025-12-31: 7259610000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - total_assets 2024-12-31: 5869259000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - cfo 2025-12-31: 3971094000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - net_income 2025-12-31: 3333751000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001751008-26-000028) · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - lt_debt 2025-12-31: 3512987000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - lt_debt 2024-12-31: 3508983000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - total_assets 2025-12-31: 7259610000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - total_assets 2024-12-31: 5869259000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - current_assets 2025-12-31: 4430792000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - current_assets 2024-12-31: 2312190000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - current_liabilities 2025-12-31: 1333788000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - current_liabilities 2024-12-31: 1057472000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - shares_out 2026-07-31: 334651000.0 · 2026-07-31 · SEC cover page 10-Q 0001751008-26-000059 (sum of classes (Class A Common Stock 304,443,000 x 1; Class B Common Stock 30,208,000 x 1; class economics verified in https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/app-20251231.htm)); filing document https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/app-20260630.htm · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/R1.htm · unverified - shares_out 2025-06-30: 338782503.0 · 2025-06-30 · SEC XBRL CommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000072/ · unverified - operating_income 2025-12-31: 4151914000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - operating_income 2024-12-31: 1910956000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - revenue 2025-12-31: 5480717000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - revenue 2024-12-31: 3224058000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - revenue 2025-12-31: 5480717000.0 · 2025-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - revenue 2024-12-31: 3224058000.0 · 2024-12-31 · SEC XBRL Revenues · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified - total_assets 2025-12-31: 7259610000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/ · unverified - total_assets 2024-12-31: 5869259000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ · unverified ## Market value, source trail - Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used - Traded price: 260.25 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1 - SEC shares outstanding: 334,651,000 underlying shares, period 2026-07-31, SEC cover page 10-Q 0001751008-26-000059 (sum of classes (Class A Common Stock 304,443,000 x 1; Class B Common Stock 30,208,000 x 1; class economics verified in https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/app-20251231.htm)); filing document https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/app-20260630.htm, accession 0001751008-26-000059 · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000059/R1.htm - Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None - Market value (price date x latest reported shares): 87,092,922,750 USD; 260.25 (price 2026-10-23) / 1 x 334,651,000 (shares at 2026-07-31) = 87,092,922,750 ## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends) - FY2019 (ended 2019-12-31): 994104000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100822000005/ - FY2020 (ended 2020-12-31): 1451086000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100823000006/ - FY2021 (ended 2021-12-31): 2793104000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ - FY2022 (ended 2022-12-31): 2817058000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ - FY2023 (ended 2023-12-31): 1841762000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ - FY2024 (ended 2024-12-31): 3224058000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ - FY2025 (ended 2025-12-31): 5480717000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ ## Net income by fiscal year (SEC XBRL) - FY2019 (ended 2019-12-31): 119040000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100822000005/ - FY2020 (ended 2020-12-31): -125187000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100823000006/ - FY2021 (ended 2021-12-31): 35446000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100824000012/ - FY2022 (ended 2022-12-31): -192746000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100825000018/ - FY2023 (ended 2023-12-31): 356711000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ - FY2024 (ended 2024-12-31): 1579776000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ - FY2025 (ended 2025-12-31): 3333751000.0 · https://www.sec.gov/Archives/edgar/data/1751008/000175100826000010/ ## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets) - FY2019 (ended 2019-12-31): 0.36 [filed 0.36, split factor 1.0] - FY2020 (ended 2020-12-31): -0.58 [filed -0.58, split factor 1.0] - FY2021 (ended 2021-12-31): 0.09 [filed 0.09, split factor 1.0] - FY2022 (ended 2022-12-31): -0.52 [filed -0.52, split factor 1.0] - FY2023 (ended 2023-12-31): 0.98 [filed 0.98, split factor 1.0] - FY2024 (ended 2024-12-31): 4.53 [filed 4.53, split factor 1.0] - FY2025 (ended 2025-12-31): 9.75 [filed 9.75, split factor 1.0] ## Dividend years (Yahoo history) none ## Insider transactions (SEC Form 4 data set, latest 40) - 2026-07-06 S WEBB MAYNARD G JR (director) 1140 @ 523.49 = 596779 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 412 @ 522.42 = 215237 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 120 @ 521.49 = 62579 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 138 @ 520.60 = 71843 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 240 @ 519.56 = 124694 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 182 @ 518.63 = 94391 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 202 @ 517.19 = 104472 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 380 @ 516.25 = 196175 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-07-06 S WEBB MAYNARD G JR (director) 262 @ 524.12 = 137319 · https://www.sec.gov/Archives/edgar/data/1751008/000120918926000008/ - 2026-06-16 S Vivas Eduardo (director) 8198 @ 506.45 = 4151877 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 9319 @ 505.46 = 4710382 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 9693 @ 504.42 = 4889343 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 11122 @ 503.50 = 5599927 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 6991 @ 502.61 = 3513747 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 5895 @ 501.43 = 2955930 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 4869 @ 500.39 = 2436399 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 348 @ 520.30 = 181064 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 40 @ 519.50 = 20780 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 547 @ 518.22 = 283466 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 70 @ 517.60 = 36232 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 100 @ 516.81 = 51681 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 408 @ 515.14 = 210177 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 5311 @ 514.35 = 2731713 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 5260 @ 513.39 = 2700431 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 10683 @ 512.54 = 5475465 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 17871 @ 499.46 = 8925850 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 19421 @ 498.52 = 9681757 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 13628 @ 497.50 = 6779930 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 4695 @ 496.49 = 2331021 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 3754 @ 495.49 = 1860069 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 153 @ 494.84 = 75711 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 6177 @ 511.59 = 3160091 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 6456 @ 510.43 = 3295336 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 6523 @ 509.54 = 3323729 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 2156 @ 508.50 = 1096326 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-16 S Vivas Eduardo (director) 4222 @ 507.43 = 2142369 · https://www.sec.gov/Archives/edgar/data/1751008/000184849326000007/ - 2026-06-12 S Foroughi Arash Adam (CEO) 269 @ 488.65 = 131447 · https://www.sec.gov/Archives/edgar/data/1751008/000184839526000011/ - 2026-06-12 S Foroughi Arash Adam (CEO) 1280 @ 487.62 = 624154 · https://www.sec.gov/Archives/edgar/data/1751008/000184839526000011/ - 2026-06-12 S Foroughi Arash Adam (CEO) 1699 @ 486.82 = 827107 · https://www.sec.gov/Archives/edgar/data/1751008/000184839526000011/ - 2026-06-12 S Foroughi Arash Adam (CEO) 3421 @ 485.66 = 1661443 · https://www.sec.gov/Archives/edgar/data/1751008/000184839526000011/ ## Links - sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001751008 - sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001751008.json - sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001751008&type=4 - sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001751008&type=8-K - yahoo: https://finance.yahoo.com/quote/APP - stooq: https://stooq.com/q/d/?s=app.us - morningstar (link only, nothing stored): https://www.morningstar.com/search?query=APP - finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=APP - stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/app/ - seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/APP - openinsider (link only, nothing stored): http://openinsider.com/search?q=APP - google_news (link only, nothing stored): https://news.google.com/rss/search?q=APP+stock Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/APP; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23. Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.