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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	906.29	794.2	620.45	471.88	359.37	310.06
Revenue Growth (YoY)	18.88%	28.01%	31.48%	31.31%	15.90%	21.11%
Cost of Revenue	330.99	282.07	235.71	191.83	143.94	119.03
Gross Profit	575.3	512.14	384.74	280.06	215.43	191.03
Selling, General & Admin	232.66	195.87	184.13	186.17	130.48	105.93
Research & Development	186.77	160.38	147.96	111.12	65.98	48.53
Operating Expenses	442.31	375.79	361.07	330.41	227.3	181.24
Operating Income	133	136.34	23.67	-50.35	-11.88	9.78
Interest Expense	-	-	-	-	-	-1.85
Interest & Investment Income	9.61	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	143.35	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	142.65	150.32	8	-66.72	1.73	196.83
Income Tax Expense	-61.1	-53.75	5.3	1.4	0.71	38.43
Net Income	203.74	204.07	2.7	-68.12	1.03	158.4
Net Income to Common	203.75	204.07	2.7	-68.12	1.03	158.4
Net Income Growth	54.82%	7452.48%	-	-	-99.35%	336.59%
Shares Outstanding (Basic)	36	36	36	35	35	34
Shares Outstanding (Diluted)	36	37	36	35	36	36
Shares Change (YoY)	-2.18%	1.00%	4.02%	-1.94%	-0.03%	0.41%
EPS (Basic)	5.64	5.63	0.08	-1.95	0.03	4.62
EPS (Diluted)	5.58	5.55	0.07	-1.95	0.03	4.44
EPS Growth	58.16%	7828.57%	-	-	-99.33%	335.29%
Free Cash Flow	211.65	186.14	51.24	18.83	27.29	29.26
Free Cash Flow Per Share	5.80	5.06	1.41	0.54	0.76	0.82
Gross Margin	63.48%	64.48%	62.01%	59.35%	59.95%	61.61%
Operating Margin	14.67%	17.17%	3.81%	-10.67%	-3.31%	3.16%
Profit Margin	22.48%	25.70%	0.43%	-14.44%	0.29%	51.09%
Free Cash Flow Margin	23.35%	23.44%	8.26%	3.99%	7.59%	9.44%
EBITDA	141.92	141.93	30.97	-43.13	-4.35	17.39
EBITDA Margin	15.66%	17.87%	4.99%	-9.14%	-1.21%	5.61%
D&A For EBITDA	8.92	5.59	7.3	7.22	7.53	7.61
EBIT	133	136.34	23.67	-50.35	-11.88	9.78
EBIT Margin	14.67%	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 Oct 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q