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| Date | Value |
|---|---|
| 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 |