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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Appfolio Inc. APPF

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$950.8M
▲ 19.7% YoY
$140.9M
▼ 30.9% YoY
$238.9M
▲ 28.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

AppFolio, Inc. provides a cloud-based platform, the AppFolio Platform, on which its customers operate their businesses, with primary customers being property management companies that manage a variety of property types, including single family, multifamily, affordable, commercial, student, and community associations. As of December 31, 2025, it had 22,096 property management customers. As of December 31, 2025, it had 1,702 employees. It categorizes its products and services into two categories, Subscription Services and Value Added Services. The AppFolio Platform is offered primarily through three subscription plans: Core, Plus, and Max. Its Value Added Services fall into the categories of electronic payment services, tenant screening, risk mitigation, maintenance, and business optimization. AppFolio was founded in 2006.

Written from the business description in AppFolio, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth

USD 950.8M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 950.8 · Net income 140.9
400M800M
20132016201920222025
Compound annual growth
+26.3%
+25.1%
+28.9%
−2.3%
−2.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 16.1% · Net 14.8%
20%40%-10%-20%
201320192025
ROE
FY2025 · ROE 26.5%
20%40%60%-10%-20%
201320192025
Three returns, three denominators.
Gross margin63.7%
Operating margin16.1%
Net margin14.8%
EBITDAUSD 175.6M

Each USD of equity produced 27 cents of profit this year.

Cash & shareholders

USD 145.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 238.9
100M200M
201320192025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 145.6
100M200M
2016201720182019202020212022202320242025
Dividends paid·
Net buybacksUSD 145.6M
Share of profit103.3%
Consecutive raises·

USD 145.6M in buybacks — 103% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 689.0M
EquityUSD 542.6M
CashUSD 107.0M
Current ratio3.31×

Equity funds 79% of total assets.

The 13-year record

13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
APPF, 13-year financial record
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B1.00.80.60.50.40.30.30.20.10.10.10.00.0
Operating income $B0.20.10.0−0.1−0.00.00.00.00.0−0.0−0.0−0.0−0.0
EBITDA $B0.20.20.0−0.00.00.00.00.00.00.0−0.0−0.0−0.0
Income tax $B0.0−0.10.00.00.00.0−0.00.00.00.00.00.00.0
Net income $B0.10.20.0−0.10.00.20.00.00.0−0.0−0.0−0.0−0.0
Free cash flow $B0.20.20.10.00.00.00.00.00.00.0−0.0−0.0−0.0
EPS, diluted $3.885.550.07−1.950.034.441.020.560.28−0.25−0.73−0.98−0.87
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————
ROE %26.550.01.0−24.20.475.832.422.612.6−11.6———

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 13 of the 13 fiscal years we could check. 14 checks were skipped: the balance sheet is not tagged before 2014. Six checks were skipped: EPS is not tagged before 2013. Six checks were skipped: revenue is not tagged before 2013.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2013

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