Appfolio Inc (APPF) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Appfolio reported revenue of $950.8M, up 19.7% from $794.2M the year before. Net income was $140.9M (a 14.8% net margin), or $3.88 per diluted share. Gross margin was 16.1% and operating margin was 16.1%. Operating activities generated $242.1M of cash, leaving $238.9M of free cash flow. At fiscal year end, Appfolio held $689.0M in total assets against $146.4M in total liabilities, including $107.0M of cash and equivalents.
Open the full interactive Appfolio financials → Quarterly statements, key ratios, valuation history and price charts.
Appfolio Key Stats
| Share Price | $199.03 |
|---|---|
| Market Cap | $7.06B |
| P/E Ratio | 51.3 |
| Revenue YoY Growth | +19.7% |
| 52-Week Range | $143.34 – $262.26 |
| Shares Outstanding | 35.4 million (basic, 2026 Q2) |
Appfolio Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $310.1M | $359.4M | $471.9M | $620.4M | $794.2M | $950.8M |
| Cost of Goods Sold | $119.0M | $143.9M | $544.3M | $619.5M | $658.6M | $797.9M |
| Gross Profit | $191.0M | $215.4M | -$72.4M | $963,000 | $135.6M | $152.9M |
| Operating Income | $9.8M | -$11.9M | -$72.4M | $963,000 | $135.6M | $152.9M |
| Pre-Tax Income | $196.8M | $1.7M | -$66.7M | $8.0M | $150.3M | $161.1M |
| Income Tax | $38.4M | $706,000 | $1.4M | $5.3M | -$53.7M | $20.2M |
| Net Income | $158.4M | $1.0M | -$68.1M | $2.7M | $204.1M | $140.9M |
| Diluted EPS | $4.44 | $0.03 | -$1.95 | $0.07 | $5.55 | $3.88 |
Appfolio Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $249.4M | $248.2M | $262.2M | $281.1M |
| Net Income | $33.6M | $39.9M | $42.4M | $41.5M |
| Diluted EPS | $0.93 | $1.10 | $1.18 | $1.17 |
Appfolio Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $140.3M | $57.8M | $70.8M | $49.5M | $42.5M | $107.0M |
| Current Assets | $199.4M | $158.6M | $201.5M | $272.4M | $335.4M | $353.3M |
| Total Assets | $389.5M | $408.0M | $381.2M | $408.9M | $626.7M | $689.0M |
| Current Liabilities | $49.8M | $52.6M | $61.3M | $69.8M | $63.3M | $106.8M |
| Total Liabilities | $103.6M | $110.6M | $115.7M | $111.6M | $107.4M | $146.4M |
| Shareholders' Equity | $285.9M | $297.4M | $265.5M | $297.3M | $519.3M | $542.6M |
Appfolio Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $48.3M | $35.4M | $25.4M | $60.3M | $188.2M | $242.1M |
| Cash From Investing | $146.5M | -$110.5M | -$6.5M | -$55.6M | -$151.8M | $10.2M |
| Cash From Financing | -$70.4M | -$7.3M | -$6.2M | -$26.0M | -$43.4M | -$187.9M |
| Free Cash Flow | $29.3M | $27.3M | $18.8M | $51.2M | $186.1M | $238.9M |
Figures from Appfolio's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Appfolio financials page for every line item.
Appfolio Company Profile
| Ticker | APPF |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Santa Barbara, California |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001433195 |
Frequently Asked Questions
What was Appfolio's revenue in fiscal 2025?
Appfolio (APPF) reported revenue of $950.8M for fiscal 2025.
What is Appfolio's annual revenue history?
Appfolio's annual revenue by fiscal year: 2020: $310.1M; 2021: $359.4M; 2022: $471.9M; 2023: $620.4M; 2024: $794.2M; 2025: $950.8M.
What was Appfolio's net income in fiscal 2025?
Appfolio reported net income of $140.9M for fiscal 2025.
What was Appfolio's earnings per share (EPS) in fiscal 2025?
Appfolio's diluted EPS was $3.88 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Appfolio generate in fiscal 2025?
Appfolio generated $238.9M of free cash flow in fiscal 2025.
What was Appfolio's revenue last quarter?
In its most recent reported quarter (2026 Q2), Appfolio reported revenue of $281.1M.
How many shares of Appfolio are outstanding?
Appfolio reported a weighted average of 35.4 million basic shares outstanding in 2026 Q2.
What is Appfolio's market cap?
Based on its latest closing price, Appfolio (APPF) has a market capitalization of about $7.06B.
When does Appfolio's fiscal year end?
Appfolio's fiscal year end, as registered with the SEC, is December 31.
Where is Appfolio headquartered?
Appfolio lists its business address in Santa Barbara, California in its SEC filings.