AppLovin (APP) Research & Development (2020 - 2026)
AppLovin (APP) posted quarterly Research & Development of $94.1 million for Q1 2026, up 58.47% year-over-year from $59.4 million in Q1 2025, and up 31.37% quarter-over-quarter from $71.6 million in Q4 2025.
AppLovin (APP) Research & Development (2020 - 2026) Analysis & Trends
AppLovin (APP) has reported Research & Development for 7 consecutive years, with $94.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 58.47% year-over-year to $94.1 million; the TTM figure through Mar 2026 stood at $256.5 million (up 47.97% YoY), while the FY2025 annual figure was $226.5 million, down 10.42% from the prior year.
- Research & Development climbed to $94.1 million in Q1 2026 per APP's latest filing, from $71.6 million in the prior quarter.
- Across five years, Research & Development topped out at $530.1 million in Q4 2022 and bottomed at -$274.0 million in Q4 2023.
- Historically, Research & Development has averaged $131.7 million across 5 years, with a median of $94.1 million in 2026.
- Annual changes were most pronounced in 2023 — Research & Development slumped 151.68% — and 2025, when it soared 548.17%.
- AppLovin's Research & Development stood at $530.1 million in 2022, then plunged by 151.68% to -$274.0 million in 2023, then jumped by 94.17% to -$16.0 million in 2024, then jumped by 548.17% to $71.6 million in 2025, then jumped by 31.37% to $94.1 million in 2026.
- Business Quant data shows APP's Research & Development at $94.1 million in Q1 2026, $71.6 million in Q4 2025, and $43.9 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 101.87 Bn | 98.82 Bn | 1.70 Bn | 99.90 Mn |
| 2 | Omnicom | 24.68 Bn | 21.35 Bn | 1.30 Bn | - |
| 3 | Trade Desk | 6.22 Bn | 4.74 Bn | 530.72 Mn | 174.40 Mn |
| 4 | Wpp | 5.70 Bn | 2.53 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.01 Bn | 130.79 Mn | 47.00 Mn |
| 6 | Stagwell | 2.12 Bn | 2.01 Bn | 269.24 Mn | - |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 48.26 Mn |
| 8 | Ziff Davis | 2.04 Bn | 429.69 Mn | 241.03 Mn | 122.17 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.21 Bn | 1.02 Bn | 241.86 Mn | - |
| 10 | Quinstreet | 1.18 Bn | 1.07 Bn | 41.34 Mn | 10.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 99.90 Mn |
| Mar 31, 2026 | 94.10 Mn |
| Dec 31, 2025 | 71.64 Mn |
| Sep 30, 2025 | 43.85 Mn |
| Jun 30, 2025 | 46.92 Mn |
| Mar 31, 2025 | 59.38 Mn |
| Dec 31, 2024 | -15.98 Mn |
| Sep 30, 2024 | 62.98 Mn |
| Jun 30, 2024 | 66.97 Mn |
| Mar 31, 2024 | 226.69 Mn |
| Dec 31, 2023 | -273.97 Mn |
| Sep 30, 2023 | 212.35 Mn |
| Jun 30, 2023 | 192.43 Mn |
| Mar 31, 2023 | 202.98 Mn |
| Dec 31, 2022 | 530.13 Mn |
| Sep 30, 2022 | 196.79 Mn |
| Jun 30, 2022 | 232.10 Mn |
| Mar 31, 2022 | 290.13 Mn |
| Dec 31, 2021 | -449.80 Mn |
| Sep 30, 2021 | 285.22 Mn |