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	Jun '26 Jun 30, 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	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%
Cost of Revenue	379.59	345.34	282.07	238.08	191.83	143.94
Gross Profit	661.3	605.48	512.14	382.37	280.06	215.43
Selling, General & Admin	257.79	239.49	196.57	201.05	208.19	130.48
Depreciation & Amortization Expenses	20.55	22.65	19.55	28.99	33.12	30.85
Research & Development	200.61	190.42	160.38	151.36	111.12	65.98
Total Operating Expenses	478.95	452.56	376.49	381.41	352.43	227.3
Operating Income	182.35	152.92	135.64	0.96	-72.37	-11.88
Total Non-Operating Income (Expense)	7.52	8.2	14.68	7.03	5.65	13.61
Pretax Income	189.87	161.11	150.32	8	-66.72	1.73
Provision for Income Taxes	32.34	20.19	-53.75	5.3	1.4	0.71
Net Income	157.53	140.92	204.07	2.7	-68.12	1.03
Net Income to Common	157.53	140.92	204.07	2.7	-68.12	1.03
Net Income Growth	-22.44%	-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	-1.81%	-1.24%	1.00%	4.02%	-1.94%	-0.03%
EPS (Basic)	4.41	3.91	5.63	0.08	-1.95	0.03
EPS (Diluted)	4.38	3.88	5.55	0.07	-1.95	0.03
EPS Growth	-20.94%	-30.09%	7828.57%	-	-	-99.32%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	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%
Free Cash Flow Per Share	7.51	6.58	5.06	1.41	0.54	0.76
Gross Margin	63.53%	63.68%	64.48%	61.63%	59.35%	59.95%
Operating Margin	17.52%	16.08%	17.08%	0.16%	-15.34%	-3.31%
Profit Margin	15.13%	14.82%	25.69%	0.44%	-14.44%	0.29%
FCF Margin	25.94%	25.13%	23.44%	8.26%	3.99%	7.59%
EBITDA	202.9	175.57	155.19	29.95	-41.55	17.15
EBITDA Margin	19.49%	18.46%	19.54%	4.83%	-8.81%	4.77%
EBIT	182.35	152.92	135.64	0.96	-72.37	-11.88
EBIT Margin	17.52%	16.08%	17.08%	0.16%	-15.34%	-3.31%
Effective Tax Rate	17.03%	12.53%	-35.75%	66.21%	-2.10%	40.72%

SEC Filings: 10-K · 10-Q