AppLovin annual net debt
2020
2021
2022
2023
2024
2025
AppLovin Net Debt Growth & History (APP)
AppLovin's net debt was $1.18B for fiscal 2025.
View full AppLovin company overviewAppLovin annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.18B | −$1.84B | −60.86% |
| 2024 | 2024-12-31 | $3.02B | −$38.5M | −1.26% |
| 2023 | 2023-12-31 | $3.05B | $754.0M | +32.78% |
| 2022 | 2022-12-31 | $2.30B | $440.2M | +23.66% |
| 2021 | 2021-12-31 | $1.86B | $478.8M | +34.67% |
| 2020 | 2020-12-31 | $1.38B | — | — |
AppLovin quarterly net debt
Q4.20
Q1.21
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $461.8M | −$1.86B | −80.08% |
| Q1 2026 | 2026-03-31 | $755.4M | −$2.40B | −76.09% |
| Q4 2025 | 2025-12-31 | $1.18B | −$1.84B | −60.86% |
| Q3 2025 | 2025-09-30 | $1.85B | −$1.10B | −37.29% |
| Q2 2025 | 2025-06-30 | $2.32B | −$738.9M | −24.17% |
| Q1 2025 | 2025-03-31 | $3.16B | $69.8M | +2.26% |
| Q4 2024 | 2024-12-31 | $3.02B | −$38.5M | −1.26% |
| Q3 2024 | 2024-09-30 | $2.94B | $86.9M | +3.04% |
| Q2 2024 | 2024-06-30 | $3.06B | $668.0M | +27.96% |
| Q1 2024 | 2024-03-31 | $3.09B | $1.06B | +52.32% |
| Q4 2023 | 2023-12-31 | $3.05B | $754.0M | +32.78% |
| Q3 2023 | 2023-09-30 | $2.86B | $513.7M | +21.94% |
| Q2 2023 | 2023-06-30 | $2.39B | $47.9M | +2.05% |
| Q1 2023 | 2023-03-31 | $2.03B | $140.0M | +7.42% |
| Q4 2022 | 2022-12-31 | $2.30B | $440.2M | +23.66% |
| Q3 2022 | 2022-09-30 | $2.34B | $1.56B | +197.67% |
| Q2 2022 | 2022-06-30 | $2.34B | $1.68B | +255.75% |
| Q1 2022 | 2022-03-31 | $1.89B | $404.9M | +27.30% |
| Q4 2021 | 2021-12-31 | $1.86B | $478.8M | +34.67% |
| Q3 2021 | 2021-09-30 | $786.7M | — | — |
| Q2 2021 | 2021-06-30 | $658.1M | — | — |
| Q1 2021 | 2021-03-31 | $1.48B | — | — |
| Q4 2020 | 2020-12-31 | $1.38B | — | — |
AppLovin net debt trends
Over the last five fiscal years, AppLovin's net debt decreased from $1.38B to $1.18B, a change of −$200.8M. The latest reported quarter, Q2 2026, shows $461.8M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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