AppLovin (APP) Research & Development (2020 - 2026)
AppLovin's Research & Development came in at $99.9 million for Q2 2026, up 126.9% from $44.03 million a year earlier and up 6.2% from the prior quarter.
Powered by 
Analysis
AppLovin (APP) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, AppLovin reported Research & Development of $320.08 million, up 11.5% 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 Q2 2026 figure represents the highest quarterly Research & Development since Q4 2024.
- Year-over-year, Research & Development increased in two of the last seven quarters, with an average decline of 6.1%.
- The fastest year-over-year change in Research & Development over five years came in Q2 2026 (growth of 126.9%), and the weakest in Q1 2025 (a decline of 63.7%).
- Business Quant data shows APP's Research & Development at $94.1 million (Q1 2026), $82.22 million (Q4 2025) and $43.85 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,142.52 Bn | 3,900.05 Bn | 73.85 Bn | 18.22 Bn |
| 2 | Meta Platforms | 1,882.44 Bn | 1,584.96 Bn | 49.47 Bn | 21.66 Bn |
| 3 | Netflix | 292.72 Bn | 252.92 Bn | 6.52 Bn | 1.01 Bn |
| 4 | Alibaba Group Holding | 250.25 Bn | 68.12 Bn | 15.11 Bn | -3.32 Bn |
| 5 | Shopify | 192.03 Bn | 169.21 Bn | 1.71 Bn | 445.00 Mn |
| 6 | Uber Technologies | 141.56 Bn | 113.53 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 121.98 Bn | 55.03 Bn | - | - |
| 8 | PDD Holdings | 110.31 Bn | -141.62 Bn | 9.45 Bn | -673.00 Mn |
| 9 | AppLovin | 102.49 Bn | 92.52 Bn | 1.70 Bn | 99.90 Mn |
| 10 | Spotify Technology | 101.54 Bn | 58.77 Bn | 1.86 Bn | 468.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 108.52 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();