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. (APPF) Gross margin
AppFolio, Inc.'s gross margin over the twelve months to 30 September 2026 was 63.8%, up 0.1 percentage points from fiscal 2025 (63.7%). Over the past ten years it has ranged from 54.8% (fiscal 2015) to 64.5% (fiscal 2024); the current reading is higher than 91% of that period. That is in line with the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 63.7% | (0.80) |
| FY2024 | 64.5% | 2.85 |
| FY2023 | 61.6% | 2.28 |
| FY2022 | 59.4% | (0.60) |
| FY2021 | 60.0% | (1.66) |
| FY2020 | 61.6% | 1.31 |
| FY2019 | 60.3% | (1.00) |
| FY2018 | 61.3% | (0.26) |
| FY2017 | 61.6% | 3.83 |
| FY2016 | 57.7% | 2.95 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 64.3% | 0.78 |
| Jun 2026 | 63.5% | (0.27) |
| Mar 2026 | 63.8% | 0.26 |
| Dec 2025 | 63.5% | 0.21 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| IDCC InterDigital, Inc. compare | 100.0% |
| ESTC Elastic N.V. compare | 75.5% |
| DUOL Duolingo, Inc. compare | 72.8% |
| TTAN ServiceTitan Inc. compare | 71.1% |
| PCTY Paylocity Holding Corporation compare | 69.2% |
| YOU CLEAR Secure, Inc. compare | 67.5% |
| YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare | 65.8% |
| APPF AppFolio, Inc. | 63.8% |
| QNT Quantinuum Inc. compare | — |
| Software Application industry median | 66.9% |
| Technology sector median | 46.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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