AppFolio financials
$195.82−1.06%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $950.8M | $794.2M | $620.4M | $471.9M | $359.4M | $310.1M | $256.0M | $190.1M | $143.8M | $105.6M |
| Gross profit | $605.5M | $512.1M | $382.4M | $280.1M | $215.4M | $191.0M | $154.4M | $116.5M | $88.5M | $61.0M |
| Gross margin | 63.7% | 64.5% | 61.6% | 59.3% | 59.9% | 61.6% | 60.3% | 61.3% | 61.6% | 57.7% |
| Operating income | $152.9M | $135.6M | $963.0K | -$72.4M | -$11.9M | $9.8M | $6.5M | $19.7M | $9.3M | -$8.4M |
| Net income | $140.9M | $204.1M | $2.7M | -$68.1M | $1.0M | $158.4M | $36.3M | $20.0M | $9.7M | -$8.3M |
| Net margin | 14.8% | 25.7% | 0.4% | −14.4% | 0.3% | 51.1% | 14.2% | 10.5% | 6.8% | −7.8% |
| Diluted EPS | $3.88 | $5.55 | $0.07 | $-1.95 | $0.03 | $4.44 | $1.02 | $0.56 | $0.28 | $-0.25 |
| EBITDA | $186.7M | $165.2M | $39.5M | -$41.5M | $20.4M | $35.3M | $32.2M | $34.2M | $22.0M | $1.5M |
| Operating cash flow | $242.1M | $188.2M | $60.3M | $25.4M | $35.4M | $48.3M | $38.9M | $36.3M | $29.4M | $11.5M |
| Free cash flow | $238.9M | $186.1M | $51.2M | $18.8M | $27.3M | $29.3M | $30.8M | $34.2M | $27.2M | $7.3M |
| Diluted shares | 36.3M | 36.8M | 36.4M | 35.0M | 35.7M | 35.7M | 35.6M | 35.6M | 35.2M | 33.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $107.0M | $42.5M | $49.5M | $70.8M | $57.8M | $140.3M |
| Short-term investments | $144.3M | $235.7M | $162.2M | $89.3M | $64.6M | $28.3M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $689.0M | $626.7M | $408.9M | $381.2M | $408.0M | $389.5M |
| Total liabilities | $146.4M | $107.4M | $111.6M | $115.7M | $110.6M | $103.6M |
| Shareholders' equity | $542.6M | $519.3M | $297.3M | $265.5M | $297.4M | $285.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology