AppLovin (APP) Debt Ratio (2020 - 2026)
AppLovin's (APP) Debt Ratio came in at 0.41 for Q3 2026, down 26.0% from 0.55 a year earlier and down 3.6% from the prior quarter.
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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 Q3 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 seven quarters, with an average decline of 16.1% 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 0.43 (Q2 2026), 0.46 (Q1 2026) and 0.48 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn | 0.12 |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn | 0.17 |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn | 0.26 |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - | 0.06 |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn | - |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn | 0.22 |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn | 0.41 |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - | 0.10 |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - | 0.71 |
| 10 | PDD Holdings | 111.67 Bn | 111.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.41 |
| 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 |
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();