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
DateValue
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