AppFolio, Inc. (APPF)

AppFolio Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	862.67	794.2	620.45	471.88	359.37	310.06
Revenue Growth (YoY)	19.47%	28.01%	31.48%	31.31%	15.90%	21.11%
Cost of Revenue	311.15	282.07	235.71	191.83	143.94	119.03
Gross Profit	551.53	512.14	384.74	280.06	215.43	191.03
Selling, General & Admin	215.85	195.87	184.13	186.17	130.48	105.93
Research & Development	173.39	160.38	147.96	111.12	65.98	48.53
Operating Expenses	411.01	375.79	361.07	330.41	227.3	181.24
Operating Income	140.52	136.34	23.67	-50.35	-11.88	9.78
Interest Expense	-	-	-	-	-	-1.85
Interest & Investment Income	11.93	13.98	7.03	1.18	0.5	-
Other Non Operating Income (Expenses)	0.74	0.7	0	0.31	-0.04	1.24
EBT Excluding Unusual Items	153.2	151.02	30.7	-48.85	-11.41	9.17
Merger & Restructuring Charges	-0.7	-0.7	-12.08	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	12.77	-
Gain (Loss) on Sale of Assets	-	-	-	4.16	0.38	187.66
Asset Writedown	-	-	-	-22.02	-	-
Other Unusual Items	-	-	-10.62	-	-	-
Pretax Income	152.5	150.32	8	-66.72	1.73	196.83
Income Tax Expense	-50.61	-53.75	5.3	1.4	0.71	38.43
Net Income	203.1	204.07	2.7	-68.12	1.03	158.4
Net Income to Common	203.11	204.07	2.7	-68.12	1.03	158.4
Net Income Growth	62.43%	7452.48%	-	-	-99.35%	336.59%
Shares Outstanding (Basic)	36	36	36	35	35	34
Shares Outstanding (Diluted)	37	37	36	35	36	36
Shares Change (YoY)	-1.05%	1.00%	4.02%	-1.94%	-0.03%	0.41%
EPS (Basic)	5.61	5.63	0.08	-1.95	0.03	4.62
EPS (Diluted)	5.55	5.55	0.07	-1.95	0.03	4.44
EPS Growth	64.55%	7828.57%	-	-	-99.33%	335.29%
Free Cash Flow	184.38	186.14	51.24	18.83	27.29	29.26
Free Cash Flow Per Share	5.03	5.06	1.41	0.54	0.76	0.82
Gross Margin	63.93%	64.48%	62.01%	59.35%	59.95%	61.61%
Operating Margin	16.29%	17.17%	3.81%	-10.67%	-3.31%	3.16%
Profit Margin	23.54%	25.70%	0.43%	-14.44%	0.29%	51.09%
Free Cash Flow Margin	21.37%	23.44%	8.26%	3.99%	7.59%	9.44%
EBITDA	148.34	141.93	30.97	-43.13	-4.35	17.39
EBITDA Margin	17.20%	17.87%	4.99%	-9.14%	-1.21%	5.61%
D&A For EBITDA	7.81	5.59	7.3	7.22	7.53	7.61
EBIT	140.52	136.34	23.67	-50.35	-11.88	9.78
EBIT Margin	16.29%	17.17%	3.81%	-10.67%	-3.31%	3.16%
Effective Tax Rate	-	-	66.21%	-	40.72%	19.52%
Advertising Expenses	-	10.6	8.6	9.2	9.4	7

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q