Saturday 10 October 2026 Export all APPF data to Excel Powerpack

AppFolio, Inc.

AppFolio, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $950.8 million, up 19.7% from fiscal 2024. In the quarter to June 2026, revenue grew 19.3%, EPS grew 17.0% and free cash flow grew 67.6%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.

202.20 4.75 +2.41%

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Market cap: $7.0B
P/E: 45.9×
Fwd P/E: 34.3×
Dividend yield: —
F-score: 5/9
Altman Z: 37.76
Beneish M: −2.90
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 47.49

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	—	—	1	—	—	2	3	6	18	—	—

Insider Ownership 35.89%

Capital & Financial Ratios $m

Market Cap 6,990.00

Revenue 1,040.88

Net Income 157.53

Free Cash Flow 265.51

Net Debt (221.68)

Current Ratio 3.83

Debt/Equity 0.00

P/E ratio 45.85

Fwd P/E 34.30

P/S ratio 6.88

P/B ratio 13.60

Past 5Y EPS Growth (2.66%)

This Y EPS Growth 30.43%

Next Y EPS Growth 22.13%

Next Y revenue growth 18.21%

Next 5Y EPS Growth 25.28%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 30.34%

10-year low 10-year high

P/S against its own 10 years 12.00%

10-year low 10-year high

P/B against its own 10 years 23.67%

10-year low 10-year high

EV/Sales against its own 10 years 12.08%

10-year low 10-year high

EV/FCF against its own 10 years 8.46%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	212	278	251	222
Receivables	21	24	37	50
Inventory	—	—	—	—
Other	—	—	—	—
	272	335	353	325

	2023	2024	2025	Q'26
Payables	1	2	4	5
ST’ Debt	—	—	—	—
Other	11	16	22	23
	70	63	107	85

Compound Annual Growth %

	10y	5y	3y
Sales	28.92%	25.12%	26.31%
Cash Flow	0.00%	38.04%	112.12%
Earnings	0.00%	(2.31%)	0.00%
Book Value	22.26%	13.67%	26.89%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	262	281	—	—	—
’25	218	236	249	248	951
’24	187	197	206	204	794
’23	136	147	165	172	620
’22	105	117	125	124	472
’21	79	89	96	96	359
’20	72	81	84	72	310

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	34	88	—	—	—
’25	38	53	86	65	242
’24	43	51	58	37	188
’23	2	(9)	37	31	60
’22	(2)	6	16	6	25
’21	(4)	15	16	9	35
’20	3	24	18	3	48

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	33	86	—	—	—
’25	38	52	84	63	236
’24	40	49	56	35	181
’23	0	(12)	32	27	46
’22	(8)	(1)	12	1	4
’21	(12)	7	7	0	3
’20	(12)	12	9	(6)	3

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.18	1.17	—	—	—
’25	0.86	0.99	0.93	1.10	3.88
’24	1.05	0.81	0.90	2.79	5.55
’23	(0.99)	(0.53)	0.72	0.83	0.07
’22	(0.41)	(0.86)	(0.12)	(0.56)	(1.95)
’21	0.01	0.06	0.00	(0.04)	0.03
’20	0.06	0.54	3.86	(0.01)	4.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.07	21.63	37.56	55.00	81.01	110.22	79.92	102.85	164.29	190.24	Analyst estimates 2026–2028 Powerpack
	High	24.50	52.25	91.49	116.98	186.59	185.44	127.74	211.41	274.56	326.04
People
People	Employees	626	672	916	1,240	1,335	1,600	1,785	1,504	1,634	1,702
	Revenue/emp, $m	0.17	0.21	0.21	0.21	0.23	0.22	0.26	0.41	0.49	0.56
Income, $m
Income, $m	Revenue	106	144	190	256	310	359	472	620	794	951
	Gross margin, %	57.73	61.56	61.30	60.30	61.61	59.95	59.35	61.63	64.48	63.68
	EBT	(8)	10	20	5	197	2	(67)	8	150	161
	EBT margin, %	(7.78)	6.80	10.73	1.88	63.48	0.48	(14.14)	1.29	18.93	16.94
	Net income	(8)	10	20	36	158	1	(68)	3	204	141
	Depreciation	10	13	15	26	29	32	34	41	32	36
Per share, $
Per share, $	Revenue	3.15	4.25	5.57	7.53	9.05	10.39	13.48	17.41	21.91	26.40
	Earnings	(0.25)	0.29	0.59	1.07	4.62	0.03	(1.95)	0.08	5.63	3.91
	Cash flow	0.34	0.87	1.06	1.14	1.41	1.02	0.72	1.69	5.19	6.72
	Capex	(0.46)	(0.37)	(0.42)	(0.85)	(1.32)	(0.95)	(0.61)	(0.39)	(0.20)	(0.18)
	Free cash flow	(0.12)	0.49	0.64	0.29	0.09	0.08	0.12	1.30	4.99	6.54
	Book value	2.08	2.51	2.69	3.88	8.34	8.60	7.58	8.34	14.32	15.07
	Shares, m	34	34	34	34	34	35	35	36	36	36
Valuation, ×
Valuation, ×	P/E	0.00	142.07	100.37	102.76	38.98	4,062.42	0.00	2,417.29	43.90	59.50
	P/S	7.31	9.70	10.63	14.61	19.90	11.65	7.95	9.72	11.26	8.81
	P/B	11.08	16.39	22.00	28.34	21.58	14.08	14.13	20.28	17.22	15.44
	EV/Sales	7.15	9.45	10.42	14.65	19.67	11.58	7.82	9.53	11.03	8.65
	EV/FCF	(192.87)	81.34	314.91	(650.02)	(493.51)	(322.50)	(322.54)	191.75	52.98	37.39
Cash, $m
Cash, $m	Operating cash flow	12	29	36	39	48	35	25	60	188	242
	Capex	(15)	(13)	(14)	(29)	(45)	(33)	(21)	(14)	(7)	(7)
	Free cash flow	(4)	17	22	10	3	3	4	46	181	236
Balance, $m
Balance, $m	Working capital	11	30	80	14	150	106	140	203	272	246
	Total debt	—	—	50	49	42	58	54	—	—	—
	Net debt	(26)	(46)	(41)	10	(169)	(122)	(160)	(212)	(278)	(251)
	Shareholders’ equity	70	85	92	132	286	297	266	297	519	543
Returns, %
Returns, %	ROA	(9.05)	9.58	13.96	16.65	48.77	0.26	(17.26)	0.68	39.41	21.42
	ROIC	(12.10)	14.90	24.11	2.85	5.21	(4.24)	(42.88)	0.70	35.17	32.80
	ROE	(11.63)	12.56	22.57	32.42	75.81	0.35	(24.20)	0.96	49.98	26.54

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
YMM Full Truck Alliance Co. Ltd. Sponsored ADR	$7.8B	14.5×	12.8×	+10.22% (above 0%: growing)	+11.76% (above 0%: growing)	+10,172.78% (above 0%: growing)	72.62%	43.95%	Compare
DUOL Duolingo, Inc.	$7.1B	16.9×	38.6×	+18.31% (above 0%: growing)	−27.55% (below 0%: shrinking)	−8.91% (below 0%: shrinking)	72.62%	11.37%	Compare
TTAN ServiceTitan Inc.	$7.0B	— (loss-making)	— (loss-making)	+20.91% (above 0%: growing)	n/m	+47.10% (above 0%: growing)	71.41%	(9.41%)	Compare
APPF AppFolio, Inc.	$7.0B	45.9×	34.3×	+19.34% (above 0%: growing)	+17.00% (above 0%: growing)	+67.60% (above 0%: growing)	63.51%	18.84%
NICE Nice	$6.9B	16.9×	12.7×	+7.65% (above 0%: growing)	−53.16% (below 0%: shrinking)	+141.20% (above 0%: growing)	64.04%	13.29%	Compare
RNG Ringcentral, Inc.	$6.5B	61.4×	26.0×	+5.90% (above 0%: growing)	+213.33% (above 0%: growing)	+24.80% (above 0%: growing)	71.89%	7.65%	Compare
CVLT CommVault Systems, Inc.	$6.3B	99.5×	50.7×	+11.40% (above 0%: growing)	−3.77% (below 0%: shrinking)	+71.47% (above 0%: growing)	81.66%	8.19%	Compare
LYFT Lyft, Inc.	$6.1B	2.4×	23.6×	+16.08% (above 0%: growing)	+30.00% (above 0%: growing)	−1.89% (below 0%: shrinking)	49.75%	2.58%	Compare
NAVN Navan, Inc.	$6.0B	— (loss-making)	— (loss-making)	+35.38% (above 0%: growing)	n/m	+618.65% (above 0%: growing)	74.09%	(10.98%)	Compare
Median of peers	$6.7B	16.9×	24.8×	+13.74%	+4.00%	+59.29%	72.26%	7.92%

All 237 Software Application stocks →

AppFolio, Inc. (APPF) key facts

Strength: AppFolio, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $950.8 million, up 19.7% from fiscal 2024.
AppFolio, Inc. (APPF) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 9, 2026, APPF traded at $202.20, a market capitalization of $7.0 billion.
Return on equity was 26.5% and debt-to-equity 0.00.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 37.76 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.