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

232.54 4.31 −1.82%
Market cap
$8.3B
P/E
48.8×
Fwd P/E
44.1×
Dividend yield
—
F-score
5/9
Altman Z
37.76
Beneish M
−2.90
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Revenue
950.82 794.20 620.45 471.88 359.37 310.06 256.01 190.07 143.80 105.59
Revenue Growth
19.72% 28.01% 31.48% 31.31% 15.90% 21.11% 34.69% 32.17% 36.20% 40.82%
Gross Profit
605.48 512.14 382.37 280.06 215.43 191.03 154.37 116.52 88.52 60.96
Operating Income
152.92 135.64 0.96 (72.37) (11.88) 9.78 6.46 19.66 9.34 (8.42)
EBT
161.11 150.32 8.00 (66.72) 1.73 196.83 4.82 20.39 9.77 (8.21)
Income after Tax
140.92 204.07 2.70 (68.12) 1.03 158.40 36.28 19.97 9.72 (8.28)
Net Income Common
140.92 204.07 2.70 (68.12) 1.03 158.40 36.28 19.97 9.72 (8.28)
EPS (Diluted)
3.88 5.55 0.07 (1.95) 0.03 4.44 1.02 0.56 0.28 (0.25)
Shares (Diluted, Weighted)
36.33 36.78 36.42 35.01 35.70 35.71 35.57 35.56 35.15 33.56
Gross Margin
63.68% 64.48% 61.63% 59.35% 59.95% 61.61% 60.30% 61.30% 61.56% 57.73%
EBIT Margin
16.08% 17.08% 0.16% (15.34%) (3.31%) 3.16% 2.52% 10.34% 6.49% (7.98%)
Net Profit Margin
14.82% 25.69% 0.44% (14.44%) 0.29% 51.09% 14.17% 10.51% 6.76% (7.84%)
Free Cash Flow Margin
24.77% 22.79% 7.48% 0.88% 0.74% 1.04% 3.83% 11.50% 11.61% (3.70%)
EBITDA
188.90 167.20 41.60 (38.36) 20.35 38.99 32.23 34.23 22.03 1.58
EBIT
152.92 135.64 0.96 (72.37) (11.88) 9.78 6.46 19.66 9.34 (8.42)

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In millions of $ except per-share values · columns are period end dates · fundamentals updated 2 Nov 2026