AppLovin (APP) Operating Leases (2020 - 2025)
AppLovin's (APP) quarterly Operating Leases came in at $17.8 million in Q4 2025, down 42.73% year-on-year from $31.1 million in Q4 2024, and down 42.73% on a QoQ basis from $31.1 million in Q4 2024.
AppLovin (APP) Operating Leases (2020 - 2025) Analysis & Trends
AppLovin (APP) has 6 years of Operating Leases data on file, last reported at $17.8 million in Q4 2025.
- On a quarterly basis, Operating Leases fell 42.73% year-over-year to $17.8 million in Q4 2025; TTM through Dec 2025 was $17.8 million, a 42.73% decrease from a year earlier, with the FY2025 full-year figure at $17.8 million, down 42.73% from the prior year.
- Operating Leases for Q4 2025 stood at $17.8 million, down from $31.1 million in the prior quarter.
- Over the last five years, Operating Leases for APP reached as high as $66.6 million in Q1 2021 and fell as low as $17.8 million in Q4 2025.
- Historically, Operating Leases has averaged $52.0 million across 5 years, with a median of $54.2 million in 2022.
- Across the five-year window, Operating Leases slipped 8.96% in 2023 and tumbled 42.73% in 2025, its largest moves.
- Year by year, Operating Leases stood at $62.5 million in 2021, then decreased by 13.35% to $54.2 million in 2022, then declined by 20.77% to $42.9 million in 2023, then declined by 27.51% to $31.1 million in 2024, then tumbled by 42.73% to $17.8 million in 2025.
- Per Business Quant data, the three most recent Operating Leases figures were $17.8 million in Q4 2025, $31.1 million in Q4 2024, and $42.9 million in Q4 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn |
| 10 | Criteo | 1.05 Bn | 737.13 Mn | 222.74 Mn |
Historic Data
Download 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 |