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Applovin total debt 2018–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Applovin's total debt was 3.52B USD on 30 September 2026, up 0.1% on a year before. At the end of fiscal year 2025 it was 3.54B USD.
Last updated 12 Nov 2026 · Next report 10 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 3.52B | +0.12% | 3.17B | -342.41M | 1.07 |
| FY2025 | 31 Dec 2025 | 3.54B | -0.33% | 2.49B | -1.06B | 1.66 |
| FY2024 | 31 Dec 2024 | 3.56B | +11.93% | 741.41M | -2.81B | 3.26 |
| FY2023 | 31 Dec 2023 | 3.18B | -3.13% | 502.15M | -2.68B | 2.53 |
| FY2022 | 31 Dec 2022 | 3.28B | -1.51% | 1.08B | -2.20B | 1.72 |
| FY2021 | 31 Dec 2021 | 3.33B | +96.38% | 1.52B | -1.81B | 1.56 |
| FY2020 | 31 Dec 2020 | 1.70B | +41.82% | 317.24M | -1.38B | — |
| FY2019 | 31 Dec 2019 | 1.20B | +50.21% | 396.25M | -799.59M | — |
| FY2018 | 31 Dec 2018 | 796.09M | — | 276.12M | -519.97M | — |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 3.52B | +0.12% | 3.17B | -342.41M | 1.07 |
| Q2 FY2026 | 30 Jun 2026 | 3.52B | +0.12% | 3.05B | -461.77M | 1.11 |
| Q1 FY2026 | 31 Mar 2026 | 3.51B | -5.28% | 2.76B | -755.35M | 1.49 |
| Q4 FY2025 | 31 Dec 2025 | 3.54B | -0.33% | 2.49B | -1.06B | 1.66 |
| Q3 FY2025 | 30 Sept 2025 | 3.51B | +0.06% | 1.67B | -1.85B | 2.38 |
| Q2 FY2025 | 30 Jun 2025 | 3.51B | -0.19% | 1.19B | -2.32B | 3.01 |
| Q1 FY2025 | 31 Mar 2025 | 3.71B | +5.23% | 551.02M | -3.16B | 6.45 |
| Q4 FY2024 | 31 Dec 2024 | 3.56B | +11.93% | 741.41M | -2.81B | 3.26 |
| Q3 FY2024 | 30 Sept 2024 | 3.51B | +10.10% | 567.60M | -2.94B | 3.74 |
| Q2 FY2024 | 30 Jun 2024 | 3.52B | +7.73% | 460.45M | -3.06B | 4.32 |
| Q1 FY2024 | 31 Mar 2024 | 3.53B | +7.68% | 436.34M | -3.09B | 4.64 |
| Q4 FY2023 | 31 Dec 2023 | 3.18B | -3.13% | 502.15M | -2.68B | 2.53 |
| Q3 FY2023 | 30 Sept 2023 | 3.19B | -2.96% | 332.49M | -2.86B | 2.91 |
| Q2 FY2023 | 30 Jun 2023 | 3.27B | -0.83% | 876.23M | -2.39B | 2.15 |
| Q1 FY2023 | 31 Mar 2023 | 3.27B | -0.83% | 1.25B | -2.03B | 1.72 |
| Q4 FY2022 | 31 Dec 2022 | 3.28B | -1.51% | 1.08B | -2.20B | 1.72 |
| Q3 FY2022 | 30 Sept 2022 | 3.29B | +78.91% | 943.51M | -2.34B | 1.75 |
| Q2 FY2022 | 30 Jun 2022 | 3.29B | +78.78% | 951.56M | -2.34B | 1.73 |
| Q1 FY2022 | 31 Mar 2022 | 3.30B | +47.10% | 1.41B | -1.89B | 1.64 |
| Q4 FY2021 | 31 Dec 2021 | 3.33B | — | 1.52B | -1.81B | 1.56 |
| Q3 FY2021 | 30 Sept 2021 | 1.84B | — | 1.05B | -786.70M | 0.90 |
| Q2 FY2021 | 30 Jun 2021 | 1.84B | — | 1.18B | -658.15M | 0.92 |
| Q1 FY2021 | 31 Mar 2021 | 2.24B | — | 761.08M | -1.48B | — |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Applovin's debt
Source: Financial Modeling Prep