AppLovin (APP) Debt Ratio (2020 - 2026)
AppLovin's (APP) Debt Ratio came in at 0.43 for Q2 2026, down 27.8% from 0.59 a year earlier and down 6.8% from the prior quarter.
Powered by 
Analysis
AppLovin (APP) Debt Ratio (2020 - 2026) Analysis & Trends
For FY2025, AppLovin's Debt Ratio stood at 0.48, down 19.1% from FY2024.
- In prior years, AppLovin's Debt Ratio was 0.60 in FY2024 (+2.7%), 0.58 in FY2023 (+6.0%), 0.55 in FY2022 (+4.9%) and 0.52 in FY2021 (-29.4%).
- The Q2 2026 figure stands as the lowest quarterly Debt Ratio since Q3 2021.
- On a year-over-year basis, Debt Ratio has declined in each of the last six quarters, with an average decline of 12.5% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q3 2022, with growth of 44.7%; the weakest was Q1 2022, with a decline of 36.4%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.46 (Q1 2026), 0.48 (Q4 2025) and 0.55 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,071.44 Bn | 3,828.96 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,777.07 Bn | 1,479.59 Bn | 49.47 Bn | 0.19 |
| 3 | Netflix | 272.74 Bn | 232.94 Bn | 6.52 Bn | 0.24 |
| 4 | Alibaba Group Holding | 242.17 Bn | 55.95 Bn | 15.11 Bn | 0.07 |
| 5 | Shopify | 225.98 Bn | 203.16 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 137.80 Bn | 109.60 Bn | 6.38 Bn | 0.19 |
| 7 | Booking Holdings | 121.57 Bn | 54.62 Bn | - | 0.68 |
| 8 | PDD Holdings | 110.14 Bn | -133.64 Bn | 9.45 Bn | - |
| 9 | Spotify Technology | 107.49 Bn | 64.99 Bn | 1.86 Bn | - |
| 10 | AppLovin | 90.01 Bn | 80.05 Bn | 1.70 Bn | 0.43 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.43 |
| Mar 31, 2026 | 0.46 |
| Dec 31, 2025 | 0.48 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.59 |
| Mar 31, 2025 | 0.65 |
| Dec 31, 2024 | 0.60 |
| Sep 30, 2024 | 0.64 |
| Jun 30, 2024 | 0.67 |
| Mar 31, 2024 | 0.67 |
| Dec 31, 2023 | 0.58 |
| Sep 30, 2023 | 0.62 |
| Jun 30, 2023 | 0.58 |
| Mar 31, 2023 | 0.54 |
| Dec 31, 2022 | 0.55 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.54 |
| Mar 31, 2022 | 0.52 |
| Dec 31, 2021 | 0.52 |
| Sep 30, 2021 | 0.38 |
API Access
AppLovin Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();