AppFolio Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	995.33	950.82	794.2	620.45	471.88	359.37
Revenue Growth (YoY)	20.72%	19.72%	28.01%	31.48%	31.31%	15.90%
Cost of Revenue	360.82	345.34	282.07	238.08	191.83	143.94
Gross Profit	634.52	605.48	512.14	382.37	280.06	215.43
Selling, General & Admin	246.93	239.49	196.57	201.05	208.19	130.48
Depreciation & Amortization Expenses	21.42	22.65	19.55	28.99	33.12	30.85
Research & Development	196.29	190.42	160.38	151.36	111.12	65.98
Total Operating Expenses	464.63	452.56	376.49	381.41	352.43	227.3
Operating Income	169.88	152.92	135.64	0.96	-72.37	-11.88
Total Non-Operating Income (Expense)	7.54	8.2	14.68	7.03	5.65	13.61
Pretax Income	177.42	161.11	150.32	8	-66.72	1.73
Provision for Income Taxes	25.46	20.19	-53.75	5.3	1.4	0.71
Net Income	151.96	140.92	204.07	2.7	-68.12	1.03
Net Income to Common	151.96	140.92	204.07	2.7	-68.12	1.03
Net Income Growth	-22.78%	-30.94%	7452.48%	-	-	-99.35%
Shares Outstanding (Basic)	36	36	36	36	35	35
Shares Outstanding (Diluted)	36	36	37	36	35	36
Shares Change (YoY)	-1.67%	-1.24%	1.00%	4.02%	-1.94%	-0.03%
EPS (Basic)	4.24	3.91	5.63	0.08	-1.95	0.03
EPS (Diluted)	4.20	3.88	5.55	0.07	-1.95	0.03
EPS Growth	-21.64%	-30.09%	7828.57%	-	-	-99.32%
Shares Outstanding	35.36	35.99	36.4	35.87	35.32	34.83
Free Cash Flow	234.78	238.95	186.14	51.24	18.83	27.29
Free Cash Flow Growth	-1.74%	28.37%	263.26%	172.20%	-31.01%	-6.74%
Free Cash Flow Per Share	6.50	6.58	5.06	1.41	0.54	0.76
Gross Margin	63.75%	63.68%	64.48%	61.63%	59.35%	59.95%
Operating Margin	17.07%	16.08%	17.08%	0.16%	-15.34%	-3.31%
Profit Margin	15.27%	14.82%	25.69%	0.44%	-14.44%	0.29%
FCF Margin	23.59%	25.13%	23.44%	8.26%	3.99%	7.59%
EBITDA	191.3	175.57	155.19	29.95	-41.55	17.15
EBITDA Margin	19.22%	18.46%	19.54%	4.83%	-8.81%	4.77%
EBIT	169.88	152.92	135.64	0.96	-72.37	-11.88
EBIT Margin	17.07%	16.08%	17.08%	0.16%	-15.34%	-3.31%
Effective Tax Rate	14.35%	12.53%	-35.75%	66.21%	-2.10%	40.72%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q