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