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Appfolio Inc (APPF) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - APPLICATION · DATA UPDATED 2026-08-15

Appfolio Inc (APPF) operates in the SOFTWARE - APPLICATION industry and is headquartered in Santa Barbara, United States with about 1,702 employees. Its market capitalization is roughly $8 billion. In the fiscal year ended 2025-12-31, APPF reported $951M in revenue and $141M in net income.

AppFolio, Inc., together with its subsidiaries, provides cloud-based platform for the real estate industry in the United States. The company provides a cloud-based platform that assist with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services.

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APPF Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Total Revenue$1.0B$951M$794M$620M$472M$359M$310M$256M$190M$144M$106M$75M$48M$27M
Gross Profit$656M$583M$493M$382M$280M$215M$191M$154M$117M$89M$61M$41M$25M$13M
Gross Margin %63.0%61.3%62.0%61.6%59.4%60.0%61.6%60.3%61.3%61.6%57.7%54.8%52.7%48.7%
Operating Income (EBIT)$182M$153M$136M$1M($72M)($12M)$10M$6M$20M$9M($8M)($15M)($9M)($8M)
Operating Margin %17.5%16.1%17.1%0.2%-15.3%-3.3%3.2%2.5%10.3%6.5%-8.0%-20.0%-17.9%-28.6%
Net Income$158M$141M$204M$3M($68M)$1M$158M$36M$20M$10M($8M)($16M)($9M)($7M)
Net Margin %15.1%14.8%25.7%0.4%-14.4%0.3%51.1%14.2%10.5%6.8%-7.8%-20.9%-18.1%-27.5%
EBITDA$207M$184M$170M$37M($30M)$36M$229M$33M$34M$22M$2M($9M)($5M)($4M)
Earnings Per Share (EPS)$4.38$3.88$5.55$0.07$-1.95$0.03$4.44$1.02$0.56$0.28$-0.25$-0.73$-0.33$-0.28
Shares Outstanding (M)36M36M37M36M35M36M36M36M36M35M34M21M26M26M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

APPF Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$281M$262M$248M$249M$236M$218M$204M$206M
Gross Profit$179M$167M$153M$158M$152M$138M$122M$134M
Gross Margin %63.5%63.8%61.5%63.3%64.4%63.5%60.0%65.2%
Operating Income (EBIT)$53M$51M$44M$35M$41M$34M$23M$43M
Operating Margin %18.8%19.4%17.6%14.1%17.2%15.5%11.3%20.7%
Net Income$42M$42M$40M$34M$36M$31M$103M$33M
Net Margin %14.8%16.2%16.1%13.5%15.3%14.4%50.4%16.0%
EBITDA$56M$59M$51M$42M$48M$44M$32M$51M
Earnings Per Share (EPS)$1.17$1.18$1.10$0.93$0.99$0.86$2.79$0.90
Shares Outstanding (M)36M36M36M36M36M37M37M37M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

APPF Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Cash from Operations (CFO)$273M$242M$188M$60M$25M$35M$48M$39M$36M$29M$12M($7M)$0M($4M)
Capital Expenditures (CapEx)$4M$3M$2M$14M$7M$33M$45M$29M$14M$13M$15M$11M$6M$4M
Free Cash Flow (FCF)$269M$239M$186M$46M$19M$3M$3M$10M$22M$17M($4M)($18M)($6M)($8M)
FCF Margin %25.9%25.1%23.4%7.5%4.0%0.7%1.0%3.8%11.5%11.6%-3.7%-24.3%-12.6%-30.4%
Dividends Paid$11M$6M$0M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

APPF Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$88M$34M$65M$86M$53M$38M$37M$58M
Capital Expenditures (CapEx)$0M$0M$1M$2M$0M$0M$0M$2M
Free Cash Flow (FCF)$88M$34M$64M$84M$52M$38M$36M$56M
FCF Margin %31.2%13.0%25.7%33.6%22.2%17.6%17.9%27.1%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

APPF Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Total Assets$648M$722M$627M$409M$381M$408M$389M$260M$176M$110M$93M$90M$25M$28M
Cash & Cash Equivalents$217M$107M$43M$50M$71M$58M$140M$16M$74M$16M$11M$12M$5M$11M
Total Liabilities$122M$180M$107M$112M$116M$111M$104M$128M$84M$25M$23M$18M$77M$72M
Total Debt (Short + Long-Term)$5M$5M$4M$4M$3M$2M$2M$51M$50M$15M$12M$8M$5M$3M
Total Shareholders' Equity$526M$543M$519M$297M$266M$297M$286M$132M$92M$85M$70M$73M($51M)($44M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive APPF viewer.

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