KPIs & Operating Metrics(New)
Growth Metrics

AppLovin (APP) Invested Capital (2020 - 2025)

AppLovin (APP) has disclosed Invested Capital for 6 consecutive years, with $5.6 billion as the latest value for Q4 2025.

  • Quarterly Invested Capital rose 22.81% to $5.6 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $5.6 billion through Dec 2025, up 22.81% year-over-year, with the annual reading at $5.6 billion for FY2025, 22.81% up from the prior year.
  • Invested Capital for Q4 2025 was $5.6 billion at AppLovin, up from $1.5 billion in the prior quarter.
  • The five-year high for Invested Capital was $5.6 billion in Q4 2025, with the low at -$111.7 million in Q1 2021.
  • Average Invested Capital over 5 years is $2.3 billion, with a median of $1.9 billion recorded in 2022.
  • The sharpest move saw Invested Capital surged 3843.49% in 2021, then plummeted 58.81% in 2024.
  • Over 5 years, Invested Capital stood at $5.4 billion in 2021, then fell by 4.68% to $5.1 billion in 2022, then dropped by 14.41% to $4.4 billion in 2023, then rose by 5.06% to $4.6 billion in 2024, then grew by 22.81% to $5.6 billion in 2025.
  • According to Business Quant data, Invested Capital over the past three periods came in at $5.6 billion, $1.5 billion, and $1.2 billion for Q4 2025, Q3 2025, and Q2 2025 respectively.