KPIs & Operating Metrics(New)
Growth Metrics

AppLovin (APP) Operating Expenses (2020 - 2025)

AppLovin (APP) has disclosed Operating Expenses for 6 consecutive years, with $382.7 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses rose 3.11% to $382.7 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.8 billion through Dec 2025, up 6.59% year-over-year, with the annual reading at $1.3 billion for FY2025, 1.2% up from the prior year.
  • Operating Expenses for Q4 2025 was $382.7 million at AppLovin, up from $326.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $820.6 million in Q1 2025, with the low at -$881.8 million in Q4 2023.
  • Average Operating Expenses over 5 years is $506.2 million, with a median of $644.1 million recorded in 2021.
  • The sharpest move saw Operating Expenses surged 152.05% in 2021, then plummeted 221.67% in 2023.
  • Over 5 years, Operating Expenses stood at $734.9 million in 2021, then dropped by 1.39% to $724.7 million in 2022, then tumbled by 221.67% to -$881.8 million in 2023, then surged by 142.09% to $371.2 million in 2024, then rose by 3.11% to $382.7 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $382.7 million, $326.0 million, and $301.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.