Charlie Ryan

We have created the most accurate and up to date valuation dataset in the mobile app M&A market. In mid April, we are publishing our Mobile App Valuation Index, built from 24 months of tracked marketplace data across Flippa, Acquire, Empire Flippers, and App Peak. This data updates in real time, giving us a constant pulse on the market and allowing us to help app owners understand current valuation trends with much greater clarity. For example, if you own a Health & Fitness iOS app with AI functionality generating $250k in annual EBIT, we can show you: ▸ How many similar apps were listed over the past 12 months ▸ The EBIT multiples those apps were marketed at ▸ Your app benchmarked only against those with AI functionality ▸ The trend in valuations for these apps over 8 quarters Our goal is simple: bring more transparency to the market and highlight the trends that are starting to emerge. One number stood out immediately from Q1 2026: ▸ 117 new app listings across the major marketplaces. That is a 98% quarter over quarter increase, a meaningful acceleration in market activity. Even more interesting is that only 25% of those listings mention AI functionality in their description. Given how much attention AI apps are receiving, I would have expected that number to be much higher. From my subjective experience, I believe the number of AI functionality app listings is only at 25%, because many founders are choosing to exit non AI apps in order to free up time, capital, and focus so they can build AI apps. A few more Q1 2026 stats: Median EBIT multiple: 2.9x Median listing price: $35,500 Median annual profit: $12,000 The charts in the index indicate the market is about to explode with volume. The full valuation index also includes charts such as: ▸ Total new listings over time ▸ Average EBIT multiple ▸ Number of listings by EBIT multiple bands ▸ New listings by source ▸ Average EBIT multiple by source ▸ Average listing price by marketplace ▸ Percentage of AI listings ▸ Average EBIT multiple: AI based vs Non AI ▸ Number of listings: AI-based vs other vs total We will be releasing the full index in mid April. Want early access? Repost this and Comment “Valuation” below and I will send it to you before the public release.

Breakdown of 3 deals we closed this week for app owners All 6 figure deals What do you think of these multiples? PS: recorded this from my new apartment and had to show my balcony view, as I’m loving it

@robj3d3 Loved this guys blog on building apps - gonna give this pod a listen

He went from DoorDash to a $1M/year app business at 22. While everyone's chasing $5K influencer deals, he's paying his UGC creators $15 a video and making more money than all of them. I got Ernesto on the My First Dollar pod. The bits worth your time: > How his first app made $20K in 30 days from one influencer deal (2:25) > Why he posts the same Reel 10 times and Instagram still pushes 1.5M views every time (13:22) > The 18-year-old making $10K/month from an AI character that doesn't exist (15:00) > His full playbook if he woke up tomorrow with $0 and a laptop (20:02)

@alexoakdev I thought having money on the line (even if between friends) was not allowed by Apple.

Someone built a fitness app using the same psychological mechanics as gambling This might work better than every normal fitness app 😭😭 You bet money on whether you’ll hit 10,000 steps today If you fail, you lose your money If you succeed, you split the money from everyone who didn’t So disciplined people literally profit off lazy people Most fitness apps try motivating you with streaks and notifications This one motivates you with financial fear Imagine realizing at 11:52pm you still need 1,700 more steps or you lose $30 Entire friend groups would be outside walking laps around their neighborhood before midnight trying not to lose their steppa challenge It sounds stupid but this would probably motivate people better than any other fitness product Would you use this yourself?

84% of the companies I ever started failed to make any meaningful revenue Most people only see the business that finally works. They don’t see the list of failed ideas before it. Here’s every business I ever tried. What I wish I understood earlier is this: Failure usually isn’t a signal to stop completely It’s a signal to pivot or to move on to your next thing For years, every failed side hustle felt like a huge waste of time. I had this constant thought that I invested hundreds of hours for a negative return. Why keep trying? After each failure, I’d go quiet and retreat into my shell I’d wait months or even years until the entrepreneurial urge became too strong to ignore again. Looking back, I realise the biggest mistake wasn’t the businesses failing. It was treating failure as a dead end instead of feedback. Every failed attempt was teaching me something: ➤ Iterate with customer feedback if the first product/service doesn't work ➤ Experiment with different lead gen channels ➤ Business models with neglibigble costs for producing an additional unit scale faster ➤ Copy a product/service that is already proven If you’ve just had your first business fail, don’t get disheartened. If you’re anything like me, you may need 5 more rolls of the dice before you find the thing that clicks. Failure is data and eventually one thing will work. Curious how many failed ideas it took before you found something that worked?

The app owner community is coming together tomorrow night in Barcelona My first time in the city and I am pumped to host this one! We have a lot of people signed up for tomorrow and some insanely good builders joining us If you are in the city tomorrow night, come and join us at 7pm Link to join here: luma.com/m1fq172x

@samar786 @elonmusk @grok @grok what is the expected valuation of Anthropic based on this?

@elonmusk @grok please summarize what this podcast is all about

@chamath @chamath what do you think of Iren?

Called it!

@helloryanj @app_peak81768 @web2wave_com Indeed buddy - see you in Vegas

@Charlie00489319 @app_peak81768 @web2wave_com 🙌 May is going to be a busy one!

The events calendar is packed for May - Take a look and see if you are attending any of the following 👇 May 7th - Adapty.io Mobile Apps Leaders Meetup - Berlin May 12th - @app_peak81768 & Leadtech App owner meetup - Barcelona May 13th - @web2wave_com App Growth & Marketing Meetup - Istanbul May 14th - @AppGrowthSummit - Istanbul May 19 - 21st - @mauvegas_ - Las Vegas Will you be attending any of the following? Let me know in the comments.

Iren call options on repeat - still so underpriced with the constraint on compute and all the red tape on new data centres People are literally stopping new data centres being built in the US, this will give Iren so much pricing power.

The era of vibe coded apps coming to market to exit is about to start. I've been in contact with very few app owners that have vibe coded apps that would have get a meaningful exit, but I think this is all about to change.

@LouisDavidPH Nice Louis congrats

I just published my 6th book The Kingly Man A book on discipline, restraint, and the forgotten art of becoming the kind of man the world no longer builds. Now available on Amazon

@seraleev Congrats Victor, love how you document it all publicly. $200k a month coming soon 💪

Seeing $100k+/month in revenue for the first time 🚀 Crying from happiness. It took me 2.5 years to reach this. From zero. Had to go through hell: account deletion, lawsuits, losses, debt, frozen accounts, countless mistakes. Just believe in yourself and don’t give up. You can work in public. Don’t be afraid to make mistakes. That’s how you find what works. And the most unusual part, you can scroll through my entire X. I documented every step. What I shipped, what I tested. You can watch the video about me. @adamlyttleapps made a great episode, and nothing has changed since then. I just keep hitting the same point, slowly but consistently, and it’s starting to pay off.

"If your product gets meaningfully better as more people use it, you're durable. If your product works the same whether you have 100 users or 100,000, you're cooked." This is in relation to software. Important to make a shift now in your app, that network effects is your defence

@JosephKChoi Thanks for the mention @VechAlex - Glad to get the exit for you guys

so there's this guy who made 1000 gmail accounts to mass-sign UGC creators. but not for tiktok- for making ad creative spent $1.5M on facebook ads running their stuff. 7 figure exit 99% of ppl doing tiktok farming should port their skillset to ads and scale

I've been brokering for almost 4 years and have a large list of B2C mobile app buyers. If you DM me: App category Monthly EBIT Year 1 subscription retention (given you have yearly in place) I can tell you the list of the five most suitable buyers I think would buy your app and pay the highest multiple. Let's get you some offers for your app this week

What is your current status with Vibe Coded Apps on the App Store and/or Playstore

Linkedin DMs by $ MRR $500 MRR: I see you sell appz, how much you give me for me app? $50k MRR: {Insert name} recommended you for selling my app, let's chat, here is my calendar: Calendar Link