AppLovin (APP) Research & Development (2020 - 2026)
AppLovin's Research & Development came in at $101.82 million for Q3 2026, up 132.2% from $43.85 million a year earlier and up 1.9% from the prior quarter.
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Analysis
AppLovin (APP) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, AppLovin reported Research & Development of $378.04 million, up 51.1% year-over-year; for FY2025, it came in at $226.51 million, down 39.6% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- Going back by year, Research & Development was $374.71 million in FY2024 (+12.3%), $333.78 million in FY2023 (-34.2%), $507.61 million in FY2022 (+38.5%) and $366.4 million in FY2021 (+102.8%).
- The Q3 2026 figure represents the highest quarterly Research & Development since Q4 2024.
- Year-over-year, Research & Development has increased for three consecutive quarters, with growth averaging 19.8% over the last seven quarters.
- The fastest year-over-year change in Research & Development over five years came in Q3 2026 (growth of 132.2%), and the weakest in Q1 2025 (a decline of 63.7%).
- Business Quant data shows APP's Research & Development at $99.9 million (Q2 2026), $94.1 million (Q1 2026) and $82.22 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,522.13 Bn | 3,257.03 Bn | 76.16 Bn | 20.64 Bn |
| 2 | Meta Platforms | 1,639.39 Bn | 1,303.91 Bn | 51.23 Bn | 20.05 Bn |
| 3 | Netflix | 259.77 Bn | 221.06 Bn | 6.80 Bn | 1.03 Bn |
| 4 | Alibaba Group Holding | 238.46 Bn | 60.53 Bn | 15.16 Bn | 3.32 Bn |
| 5 | Shopify | 188.67 Bn | 173.82 Bn | 1.78 Bn | 497.00 Mn |
| 6 | Uber Technologies | 142.87 Bn | 114.08 Bn | 6.42 Bn | 1.27 Bn |
| 7 | AppLovin | 131.04 Bn | 119.57 Bn | 1.94 Bn | 101.82 Mn |
| 8 | Spotify Technology | 124.73 Bn | 81.65 Bn | 1.89 Bn | 479.73 Mn |
| 9 | Booking Holdings | 119.44 Bn | 53.19 Bn | - | - |
| 10 | PDD Holdings | 113.02 Bn | -131.03 Bn | 9.48 Bn | 673.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 101.82 Mn |
| Jun 30, 2026 | 99.90 Mn |
| Mar 31, 2026 | 94.10 Mn |
| Dec 31, 2025 | 82.22 Mn |
| Sep 30, 2025 | 43.85 Mn |
| Jun 30, 2025 | 44.03 Mn |
| Mar 31, 2025 | 56.41 Mn |
| Dec 31, 2024 | 105.86 Mn |
| Sep 30, 2024 | 80.78 Mn |
| Jun 30, 2024 | 99.12 Mn |
| Mar 31, 2024 | 155.32 Mn |
| Dec 31, 2023 | -107.78 Mn |
| Sep 30, 2023 | 159.29 Mn |
| Jun 30, 2023 | 137.42 Mn |
| Mar 31, 2023 | 144.85 Mn |
| Dec 31, 2022 | 118.19 Mn |
| Sep 30, 2022 | 122.06 Mn |
| Jun 30, 2022 | 141.11 Mn |
| Mar 31, 2022 | 126.25 Mn |
| Dec 31, 2021 | 119.54 Mn |
API Access
AppLovin Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=APP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "APP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=APP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();