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MARKETS / NASDAQ / APPF
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
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
400M800M2013201520172019202120232025
Compound annual growth
+26.3%
+25.1%
+28.9%
−2.3%
−2.7%
+112.3%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%2013201520172019202120232025
ROE
FY2025 · ROE 26.5%
20%40%60%-50%-100%2013201520172019202120232025
Gross margin63.7%
Operating margin16.1%
Net margin14.8%
Return on assets21.4%
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
80M160M2013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 145.6
50M100M2016201720182019202020212022202320242025
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
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 %·············
ROE %26.550.01.0−24.20.475.832.422.612.6−11.6−147.6··

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

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 32 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2013

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