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.
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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 | 3,555.16 Bn | 3,290.06 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,645.02 Bn | 1,309.54 Bn | 51.23 Bn |
| 3 | Netflix | 259.98 Bn | 221.27 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 242.36 Bn | 241.21 Bn | - |
| 5 | Shopify | 192.37 Bn | 171.18 Bn | 1.78 Bn |
| 6 | Uber Technologies | 142.90 Bn | 113.72 Bn | 6.42 Bn |
| 7 | AppLovin | 130.75 Bn | 119.27 Bn | 1.94 Bn |
| 8 | Spotify Technology | 122.74 Bn | 105.49 Bn | - |
| 9 | Booking Holdings | 122.04 Bn | 55.79 Bn | - |
| 10 | PDD Holdings | 111.67 Bn | 111.67 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();