AppLovin (APP) Enterprise Value (2021 - 2026)
AppLovin's (APP) quarterly Enterprise Value came in at $169.7 billion in Q2 2026, up 44.54% year-over-year from $117.4 billion in Q2 2025, and up 29.46% quarter-over-quarter from $131.1 billion in Q1 2026.
Analysis
AppLovin (APP) Enterprise Value (2021 - 2026) Analysis & Trends
AppLovin (APP) has reported Enterprise Value for 6 consecutive years, with $169.7 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Enterprise Value rose 44.54% year-over-year to $169.7 billion in Q2 2026; TTM through Jun 2026 was $169.7 billion, a 44.54% increase from a year earlier, with the FY2025 full-year figure at $225.5 billion, up 106.07% from the prior year.
- Enterprise Value was $169.7 billion for Q2 2026 at AppLovin, up from $131.1 billion in the prior quarter.
- Over five years, Enterprise Value peaked at $241.6 billion in Q3 2025 and troughed at $2.9 billion in Q4 2022.
- A 5-year average of $69.8 billion and a median of $24.8 billion in 2024 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value plunged 91.56% in 2022 and surged 738.95% in 2024, its largest moves.
- Over 5 years, Enterprise Value stood at $2.9 billion in 2022, then surged by 356.6% to $13.0 billion in 2023, then surged by 738.95% to $109.4 billion in 2024, then surged by 106.07% to $225.5 billion in 2025, then retreated by 24.74% to $169.7 billion in 2026.
- The last three Enterprise Value figures came in at $169.7 billion (Q2 2026), $131.1 billion (Q1 2026), and $225.5 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,988.57 Bn | 3,559.53 Bn | 73.85 Bn |
| 2 | AppLovin | 102.43 Bn | 99.38 Bn | 1.70 Bn |
| 3 | Trade Desk | 6.51 Bn | 5.03 Bn | 530.72 Mn |
| 4 | Magnite | 3.38 Bn | 3.05 Bn | 130.79 Mn |
| 5 | DoubleVerify Holdings | 2.06 Bn | 1.85 Bn | 161.31 Mn |
| 6 | Digital Turbine | 1.28 Bn | 1.24 Bn | - |
| 7 | Taboola.com | 1.03 Bn | 897.53 Mn | 139.48 Mn |
| 8 | Quinstreet | 1.02 Bn | 890.87 Mn | 49.81 Mn |
| 9 | Ibotta | 916.56 Mn | 768.39 Mn | 69.72 Mn |
| 10 | Mntn | 867.15 Mn | 629.87 Mn | 66.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 169.70 Bn |
| Mar 31, 2026 | 131.09 Bn |
| Dec 31, 2025 | 225.47 Bn |
| Sep 30, 2025 | 241.58 Bn |
| Jun 30, 2025 | 117.41 Bn |
| Mar 31, 2025 | 89.10 Bn |
| Dec 31, 2024 | 109.42 Bn |
| Sep 30, 2024 | 43.23 Bn |
| Jun 30, 2024 | 27.35 Bn |
| Mar 31, 2024 | 22.33 Bn |
| Dec 31, 2023 | 13.04 Bn |
| Sep 30, 2023 | 13.09 Bn |
| Jun 30, 2023 | 8.09 Bn |
| Mar 31, 2023 | 4.60 Bn |
| Dec 31, 2022 | 2.86 Bn |
| Sep 30, 2022 | 6.30 Bn |
| Jun 30, 2022 | 11.90 Bn |
| Mar 31, 2022 | 19.25 Bn |
| Dec 31, 2021 | 33.84 Bn |
| Sep 30, 2021 | 25.99 Bn |