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

AppFolio, Inc. (APPF) Gross margin

Alert me on 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

Against its own ten years

Low 54.8% High 64.5%
Ten-year median 61.3%
Current reading's percentile 88

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

The full definition of Gross margin →

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