AppLovin (APP) Operating Leases (2020 - 2025)
AppLovin (APP) posted quarterly Operating Leases of $17.8 million for Q4 2025, down 42.73% year-over-year from $31.1 million in Q4 2024, and down 42.73% quarter-over-quarter from $31.1 million in Q4 2024.
AppLovin (APP) Operating Leases (2020 - 2025) Analysis & Trends
AppLovin (APP) has reported Operating Leases for 6 consecutive years, with $17.8 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Leases fell 42.73% year-over-year to $17.8 million; the TTM figure through Dec 2025 stood at $17.8 million (down 42.73% YoY), while the FY2025 annual figure was $17.8 million, down 42.73% from the prior year.
- Operating Leases eased to $17.8 million in Q4 2025 per APP's latest filing, from $31.1 million in the prior quarter.
- Across five years, Operating Leases topped out at $66.6 million in Q1 2021 and bottomed at $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.
- Annual changes were most pronounced in 2023 — Operating Leases declined 8.96% — and 2025, when it sank 42.73%.
- AppLovin's Operating Leases stood at $62.5 million in 2021, then fell by 13.35% to $54.2 million in 2022, then slipped by 20.77% to $42.9 million in 2023, then slipped by 27.51% to $31.1 million in 2024, then tumbled by 42.73% to $17.8 million in 2025.
- Business Quant data shows APP's Operating Leases at $17.8 million in Q4 2025, $31.1 million in Q4 2024, and $42.9 million in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn |
| 10 | Quinstreet | 1.17 Bn | 1.06 Bn | 41.34 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 |