AppLovin Made $1.2 Billion Last Quarter. The SEC Is Now Investigating How

AppLovin (APP) just had one of the most profitable quarters of any tech company you will hear about this year. Net income of $1.2 billion on $1.84 billion in revenue. Net margin north of 63%. Free cash flow of $1.3 billion in a single quarter. The company bought back $1 billion of its own stock at the same time.

And the SEC is actively investigating them.

That gap between the numbers and the headlines is exactly why this stock is worth understanding right now.

This post originally appeared at Money Morning.