Tapinator (TAPM) Stock Price

Tapinator Price

Delisted
0.12USD+0.00 (+0.00 %)
Last traded price

Revenue has compounded at 18.8% per year over the past 9 years to 4.44 M USD. Earnings per share have declined at 5.4% per year over the last 9 years. Tapinator's net margin stands at 0.8%, up from -63.3% several years earlier.

Tapinator stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Tapinator over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Tapinator stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Tapinator's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Tapinator Stock Price History
DateTapinator Price
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Access this data via the Eulerpool API

Tapinator Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2016
3.73 M USD
-11,200.00 USD
-2.35 M USD
Jan 1, 2017
3.14 M USD
-666,100.00 USD
-3.69 M USD
Jan 1, 2018
2.87 M USD
-2.36 M USD
-3.00 M USD
Jan 1, 2019
3.76 M USD
-2.26 M USD
-2.38 M USD
Jan 1, 2020
4.45 M USD
29,000.00 USD
-547,500.00 USD
Jan 1, 2021
5.84 M USD
1.16 M USD
665,600.00 USD
Jan 1, 2022
5.54 M USD
665,600.00 USD
285,300.00 USD
Jan 1, 2023
4.44 M USD
258,300.00 USD
37,700.00 USD

Tapinator Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 12, 2026, 10:06 AM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
2014201520162017201820192020202120222023
2.003.003.002.003.004.005.005.004.00
50.00-33.3350.0033.3325.00-20.00
50.0066.6766.6750.0066.6775.0080.0060.0075.00
3.001.002.002.001.002.003.004.003.003.00
-1.00-2.00-3.00-2.00-2.00
100.0050.00-33.33
0.350.361.781.832.842.752.752.942.872.73
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Tapinator generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Tapinator retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Tapinator's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Tapinator has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Tapinator's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Tapinator stock margins

The Tapinator margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Tapinator. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Tapinator.
  • 3 Years

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2016
68.70 %
-0.30 %
-62.88 %
Jan 1, 2017
67.10 %
-21.20 %
-117.47 %
Jan 1, 2018
69.22 %
-82.02 %
-104.32 %
Jan 1, 2019
67.16 %
-60.14 %
-63.29 %
Jan 1, 2020
69.42 %
0.65 %
-12.29 %
Jan 1, 2021
75.00 %
19.80 %
11.40 %
Jan 1, 2022
70.84 %
12.02 %
5.15 %
Jan 1, 2023
70.90 %
5.82 %
0.85 %

Tapinator Stock Revenue, EBIT, Earnings per Share

The Tapinator earnings per share therefore indicates how much revenue Tapinator has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2016
2.10 USD
-0.01 USD
-1.32 USD
Jan 1, 2017
1.72 USD
-0.36 USD
-2.02 USD
Jan 1, 2018
1.01 USD
-0.83 USD
-1.05 USD
Jan 1, 2019
1.37 USD
-0.82 USD
-0.87 USD
Jan 1, 2020
1.62 USD
0.01 USD
-0.20 USD
Jan 1, 2021
1.99 USD
0.39 USD
0.23 USD
Jan 1, 2022
1.93 USD
0.23 USD
0.10 USD
Jan 1, 2023
1.63 USD
0.09 USD
0.01 USD

Tapinator business model & stock analysis

Tapinator, Inc. is a leading developer and publisher of mobile games for iOS and Android operating systems. The company was founded in 2013 and is headquartered in New York City. It has quickly established itself as one of the top providers in the mobile gaming market and has millions of registered users worldwide. The company works closely with leading mobile operators and app stores to successfully bring its products to target audiences. History: Tapinator was founded in 2013 by Ilya Nikolayev, a successful businesswoman and entrepreneur. She believed that the mobile gaming sector still had untapped potential for the future. She decided to use her skills and dedication to develop mobile games for the mass market. The company's first application released was a simple game called "Video Poker Classic," which quickly gained popularity. Since then, Tapinator's management team has also gained further expertise in the field of mobile gaming through acquisitions. Business model: Tapinator offers its users free games that are offered in the so-called "freemium" model, meaning they can be downloaded and used for free on smartphones or tablets. However, the games include paid features that offer players additional benefits. The company generates revenue through the sale of virtual currencies as well as advertising on its platforms. Divisions: Tapinator is divided into three business segments: 1. Tapinator Games: This is Tapinator's main business area, which focuses on the development and publication of mobile games. The portfolio includes various genres such as action, adventure, racing games, simulations, puzzle games, and many more. 2. Rewarded Video Advertising: Tapinator also offers a platform where users can earn free virtual currencies by watching advertisements. This allows users to continue enjoying their games for free while also earning virtual currencies. 3. Rapid-Launch Games: This area is a new initiative by Tapinator and includes games that are quickly released in the so-called "soft launch" mode. This allows the company to quickly identify market trends and react swiftly to reduce the development time of new games and bring new and successful games to the market in the short term. Products: Tapinator has released over 300 games, some of which are: 1. Video Poker Classic: One of Tapinator's first games that found its place on mobile platforms. It is a video poker game where players bet on which hand they will receive. 2. Rock Life: A music-focused game where players can form a band and lead them to success. 3. Combo Quest: An action game that involves defeating waves of enemies in rapid succession. 4. Big Sport Fishing 2017: A fishing game with realistic graphics and various fishing equipment. Conclusion: Tapinator has established itself as a serious player in the mobile gaming market. The company has impressive growth figures and will continue to be successful through its continuous expansion into new business areas and advanced technologies.

Tapinator SWOT Analysis

Strengths

Tapinator, Inc. has a strong portfolio of mobile gaming apps, which offers a diverse range of gaming experiences for users.

The company has a talented team of developers and designers who create high-quality, engaging games.

Tapinator has established partnerships with major mobile platforms, giving them access to a large user base.

Weaknesses

Tapinator is heavily reliant on revenue from advertising, which can be unpredictable and subject to market fluctuations.

The company may face challenges in maintaining the interest and engagement of users over time, as the mobile gaming market is highly competitive.

Tapinator's success is largely dependent on the popularity of its individual games, which means that the performance of a single game can greatly impact overall revenue.

Opportunities

The growing smartphone market presents an opportunity for Tapinator to expand its user base and reach a wider audience.

Tapinator can capitalize on the increasing trend of in-app purchases and virtual goods, allowing for additional revenue streams.

The company can explore partnerships with popular brands or franchises to develop licensed mobile games, leveraging existing fan bases.

Threats

Competition within the mobile gaming industry is intense, with many established players and new entrants vying for market share.

Changes in consumer preferences and trends could impact the demand for Tapinator's games, requiring the company to constantly adapt and innovate.

Issues related to privacy and security in the mobile app industry could erode user trust, affecting ad revenues and user retention.

Tapinator Segments

Tapinator Revenue by Segment

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Durable Virtual Goods, In-Game Currency and Premium In-Game Content
General Display Ads
Paid Downloadable Games
License Agreement Minimum Guarantee
Rewarded Video Ads
Details
Date
Durable Virtual Goods, In-Game Currency and Premium In-Game Content
General Display Ads
Paid Downloadable Games
License Agreement Minimum Guarantee
Rewarded Video Ads
Jan 1, 2018
910,737.00 USD
878,590.00 USD
806,784.00 USD
182,815.00 USD
93,352.00 USD

Tapinator Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Tapinator historical P/E ratio, EBIT multiple, and P/S ratio

Tapinator annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Tapinator shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2016
1.78 M Stocks
Jan 1, 2017
1.83 M Stocks
Jan 1, 2018
2.84 M Stocks
Jan 1, 2019
2.75 M Stocks
Jan 1, 2020
2.75 M Stocks
Jan 1, 2021
2.94 M Stocks
Jan 1, 2022
2.87 M Stocks
Jan 1, 2023
2.73 M Stocks

Tapinator stock splits

In Tapinator's history, there have been no stock splits.
Price targets and forecasts for Tapinator are not yet available.

Tapinator shareholder structure

% Name
2.66886%
Nikolayev (Ilya)
Nikolayev (Ilya)
1.75354%
Samad (Khurram Shahzad)
Samad (Khurram Shahzad)
1.14691%
Merkatz (Andrew P)
Merkatz (Andrew P)
0.80263%
Unger (David)
Unger (David)
0.16053%
Farman-Farmaian (Teymour M)
Farman-Farmaian (Teymour M)

Tapinator Executives and Management Board

IN

Mr. Ilya Nikolayev

(34)

Chairman of the Board, Chief Executive Officer · since 2014

Compensation2.41 M USD
AM

Mr. Andrew Merkatz

(50)

President, Chief Financial Officer, Director · since 2015

Compensation2.41 M USD
BC

Mr. Brian Chan

(40)

Vice President - Finance and Accounting, Secretary

Compensation94,209.00 USD
SF

Mr. Spencer Feldman

Director

DG

Mr. Desmond Glass

(50)

Director

Frequently asked questions about Tapinator

Tapinator, Inc. operates under a mobile gaming business model. They design, develop, and publish a wide range of mobile games, creating engaging and entertaining experiences for users. As a game publisher, Tapinator focuses on developing games across various genres, such as simulation, puzzle, and casino. By leveraging their expertise in gaming, Tapinator is able to generate revenue through in-app purchases, advertising, and licensing agreements. With a strong emphasis on user engagement and monetization strategies, Tapinator, Inc. aims to provide captivating gaming experiences while maximizing profitability in the mobile gaming industry.

All fundamentals and in-depth analysis of Tapinator

Our stock analysis for Tapinator stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tapinator. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.