AppFolio Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	950.82	794.2	620.45	471.88	359.37
Revenue Growth (YoY)	19.72%	28.01%	31.48%	31.31%	15.90%
Cost of Revenue	345.34	282.07	238.08	191.83	143.94
Gross Profit	605.48	512.14	382.37	280.06	215.43
Selling, General & Admin	239.49	196.57	201.05	208.19	130.48
Depreciation & Amortization Expenses	22.65	19.55	28.99	33.12	30.85
Research & Development	190.42	160.38	151.36	111.12	65.98
Operating Income	152.92	135.64	0.96	-72.37	-11.88
Total Non-Operating Income (Expense)	8.2	14.68	7.03	5.65	13.61
Pretax Income	161.11	150.32	8	-66.72	1.73
Provision for Income Taxes	20.19	-53.75	5.3	1.4	0.71
Net Income	140.92	204.07	2.7	-68.12	1.03
Net Income to Common	140.92	204.07	2.7	-68.12	1.03
Net Income Growth	-30.94%	7452.48%	-	-	-99.35%
Shares Outstanding (Basic)	36	36	36	35	35
Shares Outstanding (Diluted)	36	37	36	35	36
Shares Change (YoY)	-1.24%	1.00%	4.02%	-1.94%	-0.03%
EPS (Basic)	3.91	5.63	0.08	-1.95	0.03
EPS (Diluted)	3.88	5.55	0.07	-1.95	0.03
EPS Growth	-30.09%	7828.57%	-	-	-99.32%
Free Cash Flow	238.95	186.14	51.24	18.83	27.29
Free Cash Flow Growth	28.37%	263.26%	172.20%	-31.01%	-6.74%
Free Cash Flow Per Share	6.58	5.06	1.41	0.54	0.76
Gross Margin	63.68%	64.48%	61.63%	59.35%	59.95%
Operating Margin	16.08%	17.08%	0.16%	-15.34%	-3.31%
Profit Margin	14.82%	25.69%	0.44%	-14.44%	0.29%
FCF Margin	25.13%	23.44%	8.26%	3.99%	7.59%
EBITDA	175.57	155.19	29.95	-41.55	17.15
EBITDA Margin	18.46%	19.54%	4.83%	-8.81%	4.77%
EBIT	152.92	135.64	0.96	-72.37	-11.88
EBIT Margin	16.08%	17.08%	0.16%	-15.34%	-3.31%
Effective Tax Rate	12.53%	-35.75%	66.21%	-2.10%	40.72%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.