AppLovin (APP) Debt Ratio (2020 - 2026)

AppLovin's (APP) quarterly Debt Ratio came in at 0.46 in Q1 2026, down 29.87% year-on-year from 0.65 in Q1 2025, and down 5.79% on a QoQ basis from 0.48 in Q4 2025.

AppLovin (APP) Debt Ratio (2020 - 2026) Analysis & Trends

AppLovin (APP) has 7 years of Debt Ratio data on file, last reported at 0.46 in Q1 2026.

  • On a quarterly basis, Debt Ratio fell 29.87% year-over-year to 0.46 in Q1 2026; TTM through Mar 2026 was 0.46, a 29.87% decrease from a year earlier, with the FY2025 full-year figure at 0.48, down 19.06% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.46, down from 0.48 in the prior quarter.
  • Over the last five years, Debt Ratio for APP reached as high as 0.67 in Q1 2024 and fell as low as 0.46 in Q1 2026.
  • Historically, Debt Ratio has averaged 0.58 across 5 years, with a median of 0.58 in 2023.
  • On a YoY basis, Debt Ratio climbed as much as 44.72% in 2022 and fell as far as 36.41% in 2022.
  • Year by year, Debt Ratio stood at 0.55 in 2022, then grew by 13.34% to 0.62 in 2023, then slipped by 3.95% to 0.6 in 2024, then dropped by 19.06% to 0.48 in 2025, then fell by 5.79% to 0.46 in 2026.
  • Per Business Quant data, the three most recent Debt Ratio figures were 0.46 in Q1 2026, 0.48 in Q4 2025, and 0.55 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 AppLovin 134.57 Bn 131.82 Bn 1.64 Bn 0.46
2 Wpp 26.03 Bn 22.66 Bn - -
3 Omnicom 22.21 Bn 18.26 Bn 1.04 Bn 0.20
4 Trade Desk 7.97 Bn 6.56 Bn 506.89 Mn -
5 Magnite 2.57 Bn 2.39 Bn 103.96 Mn 0.12
6 Ziff Davis 1.94 Bn 1.42 Bn 223.32 Mn 0.30
7 Stagwell 1.76 Bn 1.66 Bn 244.61 Mn 0.34
8 DoubleVerify Holdings 1.67 Bn 1.50 Bn 147.67 Mn -
9 Clear Channel Outdoor Holdings 1.20 Bn 1.03 Bn 193.76 Mn 1.37
10 Criteo 1.05 Bn 737.13 Mn 222.74 Mn 0.01

Historic Data

Download Data
DateValue
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 0.62
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
Jun 30, 2021 0.38