AppLovin (APP) Operating Leases (2020 - 2025)
AppLovin (APP) reported Operating Leases of $17.81 million for Q4 2025, down 42.7% from $31.1 million a year earlier.
Powered by 
Analysis
AppLovin (APP) Operating Leases (2020 - 2025) Analysis & Trends
Dating back to Q4 2020, AppLovin's Operating Leases record includes 15 quarters.
- Operating Leases has declined for five consecutive years, with a five-year compound annual growth rate of -24.3% (FY2020 to FY2025).
- By year, Operating Leases came in at $31.1 million in FY2024 (-27.5%), $42.91 million in FY2023 (-20.8%), $54.15 million in FY2022 (-13.4%) and $62.5 million in FY2021 (-12.9%).
- The Q4 2025 figure ranks as the lowest quarterly Operating Leases in data going back to Q4 2020.
- The year-over-year decline in Operating Leases has ranged between 9.0% (Q2 2023) and 42.7% (Q4 2025) over the last five years.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,142.52 Bn | 3,900.05 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,882.44 Bn | 1,584.96 Bn | 49.47 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 250.25 Bn | 68.12 Bn | 15.11 Bn |
| 5 | Shopify | 192.03 Bn | 169.21 Bn | 1.71 Bn |
| 6 | Uber Technologies | 141.56 Bn | 113.53 Bn | 6.38 Bn |
| 7 | Booking Holdings | 121.98 Bn | 55.03 Bn | - |
| 8 | PDD Holdings | 110.31 Bn | -141.62 Bn | 9.45 Bn |
| 9 | AppLovin | 102.49 Bn | 92.52 Bn | 1.70 Bn |
| 10 | Spotify Technology | 101.54 Bn | 58.77 Bn | 1.86 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 17.81 Mn |
| Dec 31, 2024 | 31.10 Mn |
| Dec 31, 2023 | 42.91 Mn |
| Sep 30, 2023 | 46.89 Mn |
| Jun 30, 2023 | 51.29 Mn |
| Mar 31, 2023 | 53.95 Mn |
| Dec 31, 2022 | 54.15 Mn |
| Sep 30, 2022 | 54.15 Mn |
| Jun 30, 2022 | 56.34 Mn |
| Mar 31, 2022 | 59.87 Mn |
| Dec 31, 2021 | 62.50 Mn |
| Sep 30, 2021 | 65.71 Mn |
| Jun 30, 2021 | 65.37 Mn |
| Mar 31, 2021 | 66.60 Mn |
| Dec 31, 2020 | 71.76 Mn |
API Access
AppLovin Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();