AppLovin (APP) Invested Capital (2020 - 2026)

AppLovin (APP) reported Invested Capital of $2.4 billion for Q1 2026, up 204.8% year-over-year from $775.4 million in Q1 2025, and down 58.15% quarter-over-quarter from $5.6 billion in Q4 2025.

AppLovin (APP) Invested Capital (2020 - 2026) Analysis & Trends

AppLovin (APP) has 7 years of Invested Capital data on file, last reported at $2.4 billion in Q1 2026.

  • Invested Capital for Q1 2026 came in at $2.4 billion, up 204.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.4 billion (up 204.8% YoY), and the FY2025 annual result was $5.6 billion, up 22.81% from the prior year.
  • Invested Capital eased to $2.4 billion in Q1 2026 per APP's latest filing, from $5.6 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $5.6 billion in Q4 2025 and troughed at $775.4 million in Q1 2025.
  • A 5-year average of $2.3 billion and a median of $1.9 billion in 2022 frame the typical range for Invested Capital.
  • The sharpest annual moves came in 2022 and 2024: Invested Capital soared 1928.52% in 2022, then tumbled 58.81% in 2024.
  • A 5-year view of Invested Capital shows it stood at $5.1 billion in 2022, then decreased by 14.41% to $4.4 billion in 2023, then grew by 5.06% to $4.6 billion in 2024, then advanced by 22.81% to $5.6 billion in 2025, then plunged by 58.15% to $2.4 billion in 2026.
  • Business Quant data shows APP's Invested Capital at $2.4 billion in Q1 2026, $5.6 billion in Q4 2025, and $1.5 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 AppLovin 175.91 Bn 173.15 Bn 1.78 Bn 2.36 Bn
2 Omnicom 22.52 Bn 18.86 Bn 1.04 Bn 10.14 Bn
3 Trade Desk 9.46 Bn 8.05 Bn 506.89 Mn 2.45 Bn
4 Wpp 2.71 Bn -875.81 Mn - 9.94 Bn
5 Nexxen International 2.36 Bn 2.23 Bn 70.41 Mn 466.75 Mn
6 Magnite 2.27 Bn 2.09 Bn 118.28 Mn 1.27 Bn
7 Ziff Davis 1.74 Bn 1.22 Bn 152.41 Mn 2.59 Bn
8 DoubleVerify Holdings 1.69 Bn 1.51 Bn 135.23 Mn 1.08 Bn
9 Stagwell 1.60 Bn 1.51 Bn 244.61 Mn 2.14 Bn
10 Clear Channel Outdoor Holdings 1.19 Bn 1.02 Bn 193.76 Mn 1.67 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.36 Bn
Dec 31, 2025 5.65 Bn
Sep 30, 2025 1.47 Bn
Jun 30, 2025 1.17 Bn
Mar 31, 2025 775.42 Mn
Dec 31, 2024 4.60 Bn
Sep 30, 2024 973.77 Mn
Jun 30, 2024 850.40 Mn
Mar 31, 2024 795.77 Mn
Dec 31, 2023 4.38 Bn
Sep 30, 2023 1.31 Bn
Jun 30, 2023 1.55 Bn
Mar 31, 2023 1.93 Bn
Dec 31, 2022 5.11 Bn
Sep 30, 2022 1.92 Bn
Jun 30, 2022 1.94 Bn
Mar 31, 2022 2.04 Bn
Dec 31, 2021 5.37 Bn
Sep 30, 2021 2.07 Bn
Jun 30, 2021 2.02 Bn