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| Date | Value |
|---|---|
| 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 |