AppLovin (APP) Operating Leases (2020 - 2025)

AppLovin (APP) reported Operating Leases of $31.8 million for Q4 2025, up 2.1% year-over-year from $31.1 million in Q4 2024, and up 2.1% quarter-over-quarter 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 $31.8 million in Q4 2025.

  • Operating Leases for Q4 2025 came in at $31.8 million, up 2.1% year-over-year; the trailing twelve-month figure through Dec 2025 was $31.8 million (up 2.1% YoY), and the FY2025 annual result was $31.8 million, up 2.1% from the prior year.
  • Operating Leases grew to $31.8 million in Q4 2025 per APP's latest filing, from $31.1 million in the prior quarter.
  • Over five years, Operating Leases peaked at $66.6 million in Q1 2021 and troughed at $31.1 million in Q4 2024.
  • A 5-year average of $53.0 million and a median of $54.2 million in 2022 frame the typical range for Operating Leases.
  • The sharpest annual moves came in 2024 and 2025: Operating Leases declined 27.51% in 2024, then grew 2.1% in 2025.
  • A 5-year view of Operating Leases shows it stood at $62.5 million in 2021, then declined by 13.35% to $54.2 million in 2022, then decreased by 20.77% to $42.9 million in 2023, then decreased by 27.51% to $31.1 million in 2024, then gained by 2.1% to $31.8 million in 2025.
  • Business Quant data shows APP's Operating Leases at $31.8 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 175.91 Bn 173.15 Bn 1.78 Bn
2 Omnicom 22.52 Bn 18.86 Bn 1.04 Bn
3 Trade Desk 9.46 Bn 8.05 Bn 506.89 Mn
4 Wpp 2.71 Bn -875.81 Mn -
5 Nexxen International 2.36 Bn 2.23 Bn 70.41 Mn
6 Magnite 2.27 Bn 2.09 Bn 118.28 Mn
7 Ziff Davis 1.74 Bn 1.22 Bn 152.41 Mn
8 DoubleVerify Holdings 1.69 Bn 1.51 Bn 135.23 Mn
9 Stagwell 1.60 Bn 1.51 Bn 244.61 Mn
10 Clear Channel Outdoor Holdings 1.19 Bn 1.02 Bn 193.76 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 31.75 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