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APPFOLIO INC

APPF Clue Score77
United States Fiscal year ends December CIK 0001433195
$202.20 +2.41% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $202.20 +61.27% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue105.6Operating income−8.4Net income−8.3EPS, diluted−0.25Fiscal year 2017Revenue143.8 +36.2%Operating income9.3Net income9.7EPS, diluted0.28Fiscal year 2018Revenue190.1 +32.2%Operating income19.7Net income20.0 +105.5%EPS, diluted0.56 +100.0%Fiscal year 2019Revenue256.0 +34.7%Operating income6.5Net income36.3 +81.7%EPS, diluted1.02 +82.1%Fiscal year 2020Revenue310.1 +21.1%Operating income9.8Net income158.4 +336.6%EPS, diluted4.44 +335.3%Fiscal year 2021Revenue359.4 +15.9%Operating income−11.9Net income1.0 −99.4%EPS, diluted0.03 −99.3%Fiscal year 2022Revenue471.9 +31.3%Operating income−72.4Net income−68.1 −6,726.4%EPS, diluted−1.95 −6,600.0%Fiscal year 2023Revenue620.4 +31.5%Operating income1.0Net income2.7EPS, diluted0.07Fiscal year 2024Revenue794.2 +28.0%Operating income135.6Net income204.1 +7,452.5%EPS, diluted5.55 +7,828.6%Fiscal year 2025Revenue950.8 +19.7%Operating income152.9Net income140.9 −30.9%EPS, diluted3.88 −30.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 105.6 143.8 190.1 256.0 310.1 359.4 471.9 620.4 794.2 950.8
Growth +36.2% +32.2% +34.7% +21.1% +15.9% +31.3% +31.5% +28.0% +19.7%
Operating income −8.4 9.3 19.7 6.5 9.8 −11.9 −72.4 1.0 135.6 152.9
Net income −8.3 9.7 20.0 36.3 158.4 1.0 −68.1 2.7 204.1 140.9
Growth +105.5% +81.7% +336.6% −99.4% −6,726.4% +7,452.5% −30.9%
EPS, diluted −0.25 0.28 0.56 1.02 4.44 0.03 −1.95 0.07 5.55 3.88
Growth +100.0% +82.1% +335.3% −99.3% −6,600.0% +7,828.6% −30.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−8.0%Net margin−7.8%Free cash flow margin6.9%Fiscal year 2017Operating margin6.5%Net margin6.8%Free cash flow margin18.9%Fiscal year 2018Operating margin10.3%Net margin10.5%Free cash flow margin18.0%Fiscal year 2019Operating margin2.5%Net margin14.2%Free cash flow margin12.0%Fiscal year 2020Operating margin3.2%Net margin51.1%Free cash flow margin9.4%Fiscal year 2021Operating margin−3.3%Net margin0.3%Free cash flow margin7.6%Fiscal year 2022Operating margin−15.3%Net margin−14.4%Free cash flow margin4.0%Fiscal year 2023Operating margin0.2%Net margin0.4%Free cash flow margin8.3%Fiscal year 2024Operating margin17.1%Net margin25.7%Free cash flow margin23.4%Fiscal year 2025Operating margin16.1%Net margin14.8%Free cash flow margin25.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −8.0% 6.5% 10.3% 2.5% 3.2% −3.3% −15.3% 0.2% 17.1% 16.1%
Net margin −7.8% 6.8% 10.5% 14.2% 51.1% 0.3% −14.4% 0.4% 25.7% 14.8%
Free cash flow margin 6.9% 18.9% 18.0% 12.0% 9.4% 7.6% 4.0% 8.3% 23.4% 25.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow11.5Capital expenditure−4.2Free cash flow7.3Buybacks0.0Fiscal year 2017Operating cash flow29.4Capital expenditure−2.2Free cash flow27.2 +274.2%Buybacks0.0Fiscal year 2018Operating cash flow36.3Capital expenditure−2.1Free cash flow34.2 +25.8%Buybacks−21.6Fiscal year 2019Operating cash flow38.9Capital expenditure−8.1Free cash flow30.8 −9.8%Buybacks0.0Fiscal year 2020Operating cash flow48.3Capital expenditure−19.0Free cash flow29.3 −5.0%Buybacks−4.2Fiscal year 2021Operating cash flow35.4Capital expenditure−8.1Free cash flow27.3 −6.7%Buybacks0.0Fiscal year 2022Operating cash flow25.4Capital expenditure−6.5Free cash flow18.8 −31.0%Buybacks0.0Fiscal year 2023Operating cash flow60.3Capital expenditure−9.0Free cash flow51.2 +172.2%Buybacks0.0Fiscal year 2024Operating cash flow188.2Capital expenditure−2.0Free cash flow186.1 +263.3%Buybacks0.0Fiscal year 2025Operating cash flow242.1Capital expenditure−3.2Free cash flow239.0 +28.4%Buybacks−145.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 11.5 29.4 36.3 38.9 48.3 35.4 25.4 60.3 188.2 242.1
Capital expenditure −4.2 −2.2 −2.1 −8.1 −19.0 −8.1 −6.5 −9.0 −2.0 −3.2
Free cash flow 7.3 27.2 34.2 30.8 29.3 27.3 18.8 51.2 186.1 239.0
Growth +274.2% +25.8% −9.8% −5.0% −6.7% −31.0% +172.2% +263.3% +28.4%
Buybacks 0.0 0.0 −21.6 0.0 −4.2 0.0 0.0 0.0 0.0 −145.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash10.7Shareholders’ equity69.7Fiscal year 2017Cash16.1Total debt0.0Net cash (debt)16.1Shareholders’ equity85.1Debt to equity0.00Fiscal year 2018Cash74.1Total debt49.8Net cash (debt)24.3Shareholders’ equity91.8Debt to equity0.54Fiscal year 2019Cash15.8Total debt48.6Net cash (debt)−32.8Shareholders’ equity132.0Debt to equity0.37Fiscal year 2020Cash140.3Total debt0.0Net cash (debt)140.3Shareholders’ equity285.9Debt to equity0.00Fiscal year 2021Cash57.8Shareholders’ equity297.4Fiscal year 2022Cash70.8Shareholders’ equity265.5Fiscal year 2023Cash49.5Shareholders’ equity297.3Fiscal year 2024Cash42.5Shareholders’ equity519.3Fiscal year 2025Cash107.0Shareholders’ equity542.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 10.7 16.1 74.1 15.8 140.3 57.8 70.8 49.5 42.5 107.0
Total debt n/a 0.0 49.8 48.6 0.0 n/a n/a n/a n/a n/a
Net cash (debt) n/a 16.1 24.3 −32.8 140.3 n/a n/a n/a n/a n/a
Shareholders’ equity 69.7 85.1 91.8 132.0 285.9 297.4 265.5 297.3 519.3 542.6
Debt to equity n/a 0.00 0.54 0.37 0.00 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
105.6 143.8 190.1 256.0 310.1 359.4 471.9 620.4 794.2 950.8
Growth +36.2% +32.2% +34.7% +21.1% +15.9% +31.3% +31.5% +28.0% +19.7%
44.6 55.3 73.5 101.6 119.0 143.9 n/a n/a n/a n/a
12.6 16.6 24.1 39.5 48.5 66.0 111.1 151.4 160.4 190.4
18.0 21.2 24.9 34.5 47.5 57.3 100.8 93.5 86.0 95.6
−8.4 9.3 19.7 6.5 9.8 −11.9 −72.4 1.0 135.6 152.9
Growth +110.6% −67.1% +51.4% −221.4% +13,985.6% +12.7%
−8.2 9.8 20.4 4.8 196.8 1.7 −66.7 8.0 150.3 161.1
0.1 0.1 0.4 −31.5 38.4 0.7 1.4 5.3 −53.7 20.2
−8.3 9.7 20.0 36.3 158.4 1.0 −68.1 2.7 204.1 140.9
Growth +105.5% +81.7% +336.6% −99.4% −6,726.4% +7,452.5% −30.9%
Per share
−0.25 0.29 0.59 1.07 4.62 0.03 −1.95 0.08 5.63 3.91
−0.25 0.28 0.56 1.02 4.44 0.03 −1.95 0.07 5.55 3.88
Growth +100.0% +82.1% +335.3% −99.3% −6,600.0% +7,828.6% −30.1%
33.6 33.8 34.1 34.0 34.3 34.6 35.0 35.6 36.3 36.0
33.6 35.2 35.6 35.6 35.7 35.7 35.0 36.4 36.8 36.3
Growth +4.7% +1.2% +0.0% +0.4% −0.0% −1.9% +4.0% +1.0% −1.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 25.1% a year over five years, and earnings per share fell 2.7% a year.
  • The diluted share count rose 1.7% in five years, which is dilution.
  • Operating margin is up 12.9 points on five years ago, at 16.1%.
  • A net loss in 2 of 10 years on file.