AppLovin (APP) Debt to Equity (2020 - 2026)
AppLovin (APP) reported Debt to Equity of $1.49 for Q1 2026, down 76.94% year-over-year from $6.45 in Q1 2025, and down 9.65% quarter-over-quarter from $1.65 in Q4 2025.
AppLovin (APP) Debt to Equity (2020 - 2026) Analysis & Trends
AppLovin (APP) has 7 years of Debt to Equity data on file, last reported at $1.49 in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.49, down 76.94% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.49 (down 76.94% YoY), and the FY2025 annual result was $1.65, down 48.89% from the prior year.
- Debt to Equity declined to $1.49 in Q1 2026 per APP's latest filing, from $1.65 in the prior quarter.
- Over five years, Debt to Equity peaked at $6.45 in Q1 2025 and troughed at $1.49 in Q1 2026.
- A 5-year average of $2.75 and a median of $2.38 in 2025 frame the typical range for Debt to Equity.
- The sharpest annual moves came in 2024 and 2026: Debt to Equity surged 174.64% in 2024, then tumbled 76.94% in 2026.
- A 5-year view of Debt to Equity shows it stood at $1.69 in 2022, then soared by 47.16% to $2.48 in 2023, then gained by 29.61% to $3.22 in 2024, then slumped by 48.89% to $1.65 in 2025, then dropped by 9.65% to $1.49 in 2026.
- Business Quant data shows APP's Debt to Equity at $1.49 in Q1 2026, $1.65 in Q4 2025, and $2.38 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 175.91 Bn | 173.15 Bn | 1.78 Bn | 1.49 |
| 2 | Omnicom | 22.52 Bn | 18.86 Bn | 1.04 Bn | 1.00 |
| 3 | Trade Desk | 9.46 Bn | 8.05 Bn | 506.89 Mn | - |
| 4 | Wpp | 2.71 Bn | -875.81 Mn | - | 1.94 |
| 5 | Nexxen International | 2.36 Bn | 2.23 Bn | 70.41 Mn | - |
| 6 | Magnite | 2.27 Bn | 2.09 Bn | 118.28 Mn | 0.38 |
| 7 | Ziff Davis | 1.74 Bn | 1.22 Bn | 152.41 Mn | 0.50 |
| 8 | DoubleVerify Holdings | 1.69 Bn | 1.51 Bn | 135.23 Mn | - |
| 9 | Stagwell | 1.60 Bn | 1.51 Bn | 244.61 Mn | 2.07 |
| 10 | Clear Channel Outdoor Holdings | 1.19 Bn | 1.02 Bn | 193.76 Mn | -1.48 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.49 |
| Dec 31, 2025 | 1.65 |
| Sep 30, 2025 | 2.38 |
| Jun 30, 2025 | 3.01 |
| Mar 31, 2025 | 6.45 |
| Dec 31, 2024 | 3.22 |
| Sep 30, 2024 | 3.74 |
| Jun 30, 2024 | 4.32 |
| Mar 31, 2024 | 4.64 |
| Dec 31, 2023 | 2.48 |
| Sep 30, 2023 | 2.85 |
| Jun 30, 2023 | 2.11 |
| Mar 31, 2023 | 1.69 |
| Dec 31, 2022 | 1.69 |
| Sep 30, 2022 | 1.71 |
| Jun 30, 2022 | 1.69 |
| Mar 31, 2022 | 1.60 |
| Dec 31, 2021 | 1.51 |
| Sep 30, 2021 | 0.85 |
| Jun 30, 2021 | 0.88 |