AppFolio, Inc. (APPF)

AppFolio Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,041	950.82	794.2	620.45	471.88	359.37
Revenue Growth	20.66%	19.72%	28.01%	31.48%	31.31%	15.90%
Gross Profit Gross Profit Growth	661.3	605.48	512.14	384.74	280.06	215.43
Operating Income Operating Income Growth	182.35	152.92	135.64	8.77	-50.35	-11.88
Net Income Net Income Growth	157.53	140.92	204.06	2.7	-68.12	1.03
Earnings Per Share EPS Growth	4.39	3.88	5.55	0.07	-1.95	0.03
EPS Growth	-20.91%	-30.09%	7828.57%	-	-	-99.33%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Subscription Services Subscription Services Growth	227.49	211.46	180.61	156.69	132.54	105.15
Value Added Services Value Added Services Growth	797.53	721.55	605.01	454.1	327.64	241.29
Other Category Other Category Growth	15.86	17.82	8.59	9.66	11.71	12.93
Revenue (Total) Revenue (Total) Growth	1,041	950.82	794.2	620.45	471.88	359.37

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	221.69	251.22	278.25	211.71	160.07	122.45
Total Debt Total Debt Growth	35.78	38.16	41.75	44.74	53.59	57.61
Net Cash (Debt) Net Cash Growth	185.91	213.06	236.5	166.97	106.47	64.84
Net Cash Growth	111.45%	-9.91%	41.65%	56.82%	64.21%	-48.75%
Net Cash Per Share Net Cash Per Share Growth	5.17	5.87	6.43	4.58	3.04	1.82

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	272.9	242.11	188.16	60.28	25.37	35.39
Capital Expenditures CapEx Growth	-2.88	-3.16	-2.02	-9.04	-6.54	-8.1
Free Cash Flow Free Cash Flow Growth	270.02	238.95	186.14	51.24	18.83	27.29
Free Cash Flow Growth	46.45%	28.37%	263.26%	172.20%	-31.01%	-6.74%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	63.53%	63.68%	64.48%	62.01%	59.35%	59.95%
Operating Margin	17.52%	16.08%	17.08%	1.41%	-10.67%	-3.31%
Pretax Margin	18.24%	16.94%	18.93%	1.29%	-14.14%	0.48%
Profit Margin	15.13%	14.82%	25.69%	0.43%	-14.44%	0.29%
FCF Margin	25.94%	25.13%	23.44%	8.26%	3.99%	7.59%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	44.66	59.30	43.42	2292.90	-	4082.59
Forward PE	25.46	38.35	48.39	54.69	192.27	292.91
P/FCF Ratio	25.70	34.97	47.60	120.91	196.83	153.80
PS Ratio	6.67	8.79	11.16	9.99	7.85	11.68

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jul 23, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 18, 2026

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