KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

AppLovin (APP) Debt to Equity (2020 - 2025)

AppLovin (APP) has disclosed Debt to Equity for 6 consecutive years, with $1.65 as the latest value for Q4 2025.

  • Quarterly Debt to Equity fell 48.89% to $1.65 in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.65 through Dec 2025, down 48.89% year-over-year, with the annual reading at $1.65 for FY2025, 48.89% down from the prior year.
  • Debt to Equity for Q4 2025 was $1.65 at AppLovin, down from $2.38 in the prior quarter.
  • The five-year high for Debt to Equity was $6.45 in Q1 2025, with the low at -$16.59 in Q1 2021.
  • Average Debt to Equity over 5 years is $1.59, with a median of $1.91 recorded in 2022.
  • The sharpest move saw Debt to Equity soared 174.64% in 2024, then tumbled 48.89% in 2025.
  • Over 5 years, Debt to Equity stood at $1.51 in 2021, then grew by 11.82% to $1.69 in 2022, then surged by 47.16% to $2.48 in 2023, then rose by 29.61% to $3.22 in 2024, then crashed by 48.89% to $1.65 in 2025.
  • According to Business Quant data, Debt to Equity over the past three periods came in at $1.65, $2.38, and $3.01 for Q4 2025, Q3 2025, and Q2 2025 respectively.