AppLovin (APP) Research & Development (2020 - 2026)
AppLovin (APP) reported Research & Development of $94.1 million for Q1 2026, up 66.83% year-over-year from $56.4 million in Q1 2025, and up 14.45% quarter-over-quarter from $82.2 million in Q4 2025.
AppLovin (APP) Research & Development (2020 - 2026) Analysis & Trends
AppLovin (APP) has 7 years of Research & Development data on file, last reported at $94.1 million in Q1 2026.
- Research & Development for Q1 2026 came in at $94.1 million, up 66.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $264.2 million (down 22.78% YoY), and the FY2025 annual result was $226.5 million, down 39.55% from the prior year.
- Research & Development rose to $94.1 million in Q1 2026 per APP's latest filing, from $82.2 million in the prior quarter.
- Over five years, Research & Development peaked at $159.3 million in Q3 2023 and troughed at -$107.8 million in Q4 2023.
- A 5-year average of $94.3 million and a median of $105.9 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2024: Research & Development tumbled 191.19% in 2023, then soared 198.22% in 2024.
- A 5-year view of Research & Development shows it stood at $118.2 million in 2022, then plunged by 191.19% to -$107.8 million in 2023, then soared by 198.22% to $105.9 million in 2024, then slipped by 22.33% to $82.2 million in 2025, then climbed by 14.45% to $94.1 million in 2026.
- Business Quant data shows APP's Research & Development at $94.1 million in Q1 2026, $82.2 million in Q4 2025, and $43.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 175.91 Bn | 173.15 Bn | 1.78 Bn | 94.10 Mn |
| 2 | Omnicom | 22.52 Bn | 18.86 Bn | 1.04 Bn | - |
| 3 | Trade Desk | 9.46 Bn | 8.05 Bn | 506.89 Mn | 142.72 Mn |
| 4 | Wpp | 2.71 Bn | -875.81 Mn | - | - |
| 5 | Nexxen International | 2.36 Bn | 2.23 Bn | 70.41 Mn | 15.05 Mn |
| 6 | Magnite | 2.27 Bn | 2.09 Bn | 118.28 Mn | 25.17 Mn |
| 7 | Ziff Davis | 1.74 Bn | 1.22 Bn | 152.41 Mn | 13.64 Mn |
| 8 | DoubleVerify Holdings | 1.69 Bn | 1.51 Bn | 135.23 Mn | 45.38 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 |
|---|---|
| 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 |
| Sep 30, 2021 | 108.52 Mn |
| Jun 30, 2021 | 77.46 Mn |