AppFolio, Inc.
APPF Technology Software Application
AppFolio, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $950.8 million, up 19.7% from fiscal 2024.
- Revenue
- +18.6%
- EPS
- +38.3%
- Free cash flow
- +14.5%
Quarter to September 2026, against a year earlier
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AppFolio, Inc. 10-Q filed Oct 22, 2026
Red flags
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Receivables outpacing revenue
Receivables grew 53.0% while revenue grew 18.6% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 23, 2026: 8 added · 5 removed · 12 modified; 12 with only figures updated
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Modified · Costs and Operating Expenses
General and Administrative. General and administrative expense consists of personnel-related costs for employees in our executive, finance, information technology, human resources, legal, compliance, and administrative organizations (including salaries, cash bonuses, benefits, and stock-based compensation). In addition, general and administrative expense includes fees for third-party professional services (including audit, legal, compliance, and tax services), regulatory fees, other corporate expenses, impairment of long-lived assets, gains on lease
modifications,termination and modification and allocated shared and other costs.