AppLovin annual debt-to-equity ratio
2021
2022
2023
2024
2025
AppLovin Debt-to-Equity Ratio Growth & History (APP)
AppLovin's debt-to-equity ratio was 1.72 for fiscal 2025.
View full AppLovin company overviewAppLovin annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.72 | −1.69 | −49.57% |
| 2024 | 2024-12-31 | 3.41 | 0.58 | +20.35% |
| 2023 | 2023-12-31 | 2.83 | 1.05 | +59.32% |
| 2022 | 2022-12-31 | 1.78 | 0.20 | +12.38% |
| 2021 | 2021-12-31 | 1.58 | — | — |
AppLovin quarterly debt-to-equity ratio
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.11 | −1.90 | −63.06% |
| Q1 2026 | 2026-03-31 | 1.49 | −4.96 | −76.94% |
| Q4 2025 | 2025-12-31 | 1.72 | −1.69 | −49.57% |
| Q3 2025 | 2025-09-30 | 2.38 | −1.36 | −36.31% |
| Q2 2025 | 2025-06-30 | 3.01 | −1.31 | −30.32% |
| Q1 2025 | 2025-03-31 | 6.45 | 1.81 | +39.03% |
| Q4 2024 | 2024-12-31 | 3.41 | 0.58 | +20.35% |
| Q3 2024 | 2024-09-30 | 3.74 | 0.83 | +28.59% |
| Q2 2024 | 2024-06-30 | 4.32 | 2.17 | +100.61% |
| Q1 2024 | 2024-03-31 | 4.64 | 2.91 | +168.93% |
| Q4 2023 | 2023-12-31 | 2.83 | 1.05 | +59.32% |
| Q3 2023 | 2023-09-30 | 2.91 | 1.16 | +66.65% |
| Q2 2023 | 2023-06-30 | 2.15 | 0.43 | +24.64% |
| Q1 2023 | 2023-03-31 | 1.72 | 0.08 | +5.11% |
| Q4 2022 | 2022-12-31 | 1.78 | 0.20 | +12.38% |
| Q3 2022 | 2022-09-30 | 1.75 | 0.85 | +94.80% |
| Q2 2022 | 2022-06-30 | 1.73 | 0.80 | +87.24% |
| Q1 2022 | 2022-03-31 | 1.64 | — | — |
| Q4 2021 | 2021-12-31 | 1.58 | — | — |
| Q3 2021 | 2021-09-30 | 0.90 | — | — |
| Q2 2021 | 2021-06-30 | 0.92 | — | — |
AppLovin debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, AppLovin's debt-to-equity ratio increased from 1.58 to 1.72, a change of 0.14. The latest reported quarter, Q2 2026, shows 1.11.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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