APPFOLIO INC
APPFOLIO INC
APPFOLIO INC (APPF) — SEC Financial Statements & Analysis
APPFOLIO INC (APPF) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Class A | 24 | 24 | 23 | -23 | 23 | 0 | 0 | 1 | 22 | 0 | 1 | 0 | |||||
Common Class B | 11 | 12 | 13 | -13 | 13 | 0 | -0 | -1 | 14 | 0 | -1 | 0 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 147 | 107 | 76 | 73 | 57 | 43 | 62 | 60 | 59 | 50 | 60 | 25 | |||||
Debt Securities Available For Sale Excluding Accru… | 4 | 144 | 124 | 54 | 154 | 236 | 269 | 222 | 184 | 162 | 132 | 139 | |||||
Accounts Receivable Net Current | 44 | 37 | 34 | 33 | 27 | 24 | 26 | 26 | 26 | 21 | 20 | 20 | |||||
Prepaid Expense And Other Assets Current | 59 | 65 | 68 | 37 | 34 | 33 | 38 | 42 | 37 | 40 | 28 | 25 | |||||
Assets Current | 255 | 353 | 303 | 197 | 272 | 335 | 395 | 349 | 307 | 272 | 240 | 209 | |||||
Property Plant And Equipment Net | 22 | 23 | 23 | 23 | 23 | 24 | 25 | 27 | 28 | 28 | 27 | 27 | |||||
Debt Securities Available For Sale Excluding Accru… | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Operating Lease Right Of Use Asset | 15 | 16 | 17 | 16 | 17 | 17 | 18 | 18 | 19 | 19 | 20 | 20 | |||||
Capitalized Computer Software Net | 11 | 11 | 12 | 12 | 14 | 15 | 16 | 17 | 19 | 22 | 24 | 27 | |||||
Goodwill | 96 | 96 | 96 | 96 | 96 | 96 | 56 | 56 | 56 | 56 | 56 | 56 | |||||
Intangible Assets Net Excluding Goodwill | 36 | 39 | 41 | 44 | 47 | 49 | - | - | - | 2 | 3 | 4 | |||||
Deferred Income Tax Assets Net | 51 | 59 | 60 | 90 | 82 | 77 | - | - | - | 0 | - | - | |||||
Equity Securities Without Readily Determinable Fai… | 78 | 77 | 77 | 77 | - | 2 | - | - | - | - | - | - | |||||
Other Assets Noncurrent | 15 | 14 | 12 | 11 | 13 | 9 | 13 | 12 | 11 | 9 | 9 | 8 | |||||
Assets | 581 | 689 | 640 | 567 | 565 | 627 | 523 | 479 | 439 | 409 | 379 | 351 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 4 | 4 | 4 | 3 | 5 | 2 | 1 | 1 | 2 | 1 | 1 | 2 | |||||
Employee Related Liabilities Current | 25 | 60 | 52 | 26 | 22 | 30 | 34 | 32 | 29 | 36 | 42 | 31 | |||||
Accrued Liabilities Current | 21 | 21 | 19 | 18 | 16 | 15 | 15 | 16 | 14 | 22 | 20 | 19 | |||||
Accrued Income Taxes Current | - | - | - | - | - | - | - | - | - | - | - | 13 | |||||
Other Liabilities Current | 22 | 22 | 25 | 20 | 16 | 16 | 15 | 14 | 12 | 11 | 11 | 10 | |||||
Liabilities Current | 72 | 107 | 100 | 68 | 59 | 63 | 64 | 63 | 56 | 70 | 74 | 75 | |||||
Deferred Income Tax Liabilities Net | - | - | - | - | - | 0 | - | - | - | 1 | - | - | |||||
Operating Lease Liability Noncurrent | 32 | 33 | 35 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 41 | 40 | |||||
Other Liabilities Noncurrent | 6 | 6 | 7 | 9 | 8 | 7 | 8 | 5 | 3 | 0 | 1 | 11 | |||||
Liabilities | 110 | 146 | 142 | 112 | 103 | 107 | 110 | 108 | 100 | 112 | 116 | 125 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Additional Paid In Capital | 295 | 284 | 280 | 271 | 262 | 255 | 251 | 243 | 240 | 237 | 233 | 223 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | 0 | -0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -1 | |||||
Treasury Stock Value | -298 | -172 | -172 | -172 | -122 | -26 | -26 | -26 | -26 | -26 | -26 | -26 | |||||
Retained Earnings Accumulated Deficit | 473 | 431 | 391 | 357 | 321 | 290 | 187 | 154 | 125 | 86 | 56 | 29 | |||||
Stockholders Equity | 470 | 543 | 499 | 456 | 462 | 519 | 413 | 371 | 339 | 297 | 263 | 226 | |||||
Liabilities And Stockholders Equity | 581 | 689 | 640 | 567 | 565 | 627 | 523 | 479 | 439 | 409 | 379 | 351 | |||||
Preferred Stock Par Or Stated Value Per Share | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Preferred Stock Shares Authorized | - | 25 | - | - | - | 25 | - | - | - | 25 | - | - | |||||
Preferred Stock Shares Issued | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
Preferred Stock Shares Outstanding | - | 0 | - | - | - | 0 | - | - | - | 0 | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.39% | 5.85% | 15.29% | - | - | - | - | - | - | - | - | - |
| 2025 | -6.71% | -3.87% | 1.29% | 2.97% | 5.31% | -11.92% | -3.01% | -0.86% | -7.56% | 0.23% | -12.22% | -4.55% |
| 2024 | -0.89% | -4.63% | 8.90% | -4.87% | -2.21% | -2.03% | 8.33% | 22.06% | 14.80% | -5.32% | -2.32% | -15.24% |
| 2023 | 2.84% | 24.08% | 35.00% | -6.93% | 0.33% | 0.71% | 6.71% | -4.96% | -3.65% | 4.25% | 2.93% | -8.02% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.52 | 3.31 | 3.01 | 2.92 | 4.64 | 5.30 | 6.20 | 5.51 | 5.47 | 3.90 | 3.24 | 2.80 | |||||
| Quick Ratio | 2.70 | 2.70 | 2.33 | 2.37 | 4.07 | 4.78 | 5.60 | 4.85 | 4.81 | 3.33 | 2.86 | 2.46 | |||||
| Working Capital | 182.59M | 246.47M | 202.33M | 129.55M | 213.41M | 272.12M | 331.45M | 285.45M | 250.61M | 202.59M | 165.73M | 134.77M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.23 | 0.27 | 0.28 | 0.25 | 0.22 | 0.21 | 0.27 | 0.29 | 0.29 | 0.38 | 0.44 | 0.56 | |||||
| Debt Ratio | 0.19 | 0.21 | 0.22 | 0.20 | 0.18 | 0.17 | 0.21 | 0.23 | 0.23 | 0.27 | 0.31 | 0.36 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.74 | 1.45 | 1.56 | 1.65 | 1.64 | 1.53 | 1.69 | 1.74 | 1.66 | 1.57 | 1.50 | 1.46 | |||||
| Days Sales Outstanding TTM | 13.10 | 11.75 | 12.07 | 12.32 | 11.87 | 10.35 | 11.00 | 11.56 | 11.84 | 10.95 | 11.23 | 12.41 | |||||
| Receivables Turnover TTM | 27.87 | 31.06 | 30.25 | 29.63 | 30.74 | 35.25 | 33.19 | 31.58 | 30.82 | 33.35 | 32.50 | 29.40 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 4.24 | 3.88 | 5.62 | 5.61 | 5.37 | 5.55 | 3.58 | 3.40 | 2.09 | 0.07 | -1.30 | -2.19 | |||||
| Free Cash Flow Per Share TTM | 6.58 | 6.64 | 5.90 | 5.13 | 5.04 | 5.13 | 4.90 | 4.23 | 2.55 | 1.44 | 0.80 | 0.30 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 63.75% | 63.68% | 63.48% | 63.93% | 63.99% | 64.48% | 64.96% | 64.23% | 63.30% | 61.63% | 60.34% | 59.59% | |||||
| Operating Profit Margin TTM | 17.07% | 16.08% | 14.60% | 16.21% | 16.41% | 17.08% | 18.49% | 13.61% | 9.17% | 0.16% | -8.25% | -10.33% | |||||
| Net Profit Margin TTM | 15.27% | 14.82% | 22.48% | 23.54% | 23.87% | 25.69% | 17.26% | 17.32% | 11.38% | 0.44% | -8.25% | -14.63% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 20.72% | 19.72% | 18.88% | 19.47% | 22.73% | 28.01% | 33.12% | 35.65% | 33.64% | 31.48% | 29.15% | 28.53% | |||||
| Net Income Growth (1Y) | -22.78% | -30.94% | 54.82% | 62.43% | 157.32% | 7,452.48% | -378.43% | -260.57% | -185.98% | -103.97% | -4.99% | 70.29% | |||||
| EPS Growth (1Y) | -21.47% | -30.48% | 56.62% | 63.87% | 155.80% | 7,322.69% | -373.71% | -257.58% | -184.45% | -103.90% | -6.72% | 67.24% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 37.07 | 59.45 | 48.56 | 40.73 | 40.57 | 43.83 | 64.94 | 70.88 | 116.43 | 2,284.37 | -137.91 | -78.62 | |||||
| P/B | 11.98 | 15.44 | 19.83 | 18.15 | 17.27 | 17.22 | 20.70 | 23.86 | 26.25 | 20.76 | 24.82 | 27.09 | |||||
| P/S TTM | 5.66 | 8.81 | 10.92 | 9.59 | 9.68 | 11.26 | 11.21 | 12.27 | 13.25 | 9.95 | 11.38 | 11.50 | |||||
| Market Cap | 5.63B | 8.38B | 9.89B | 8.27B | 7.98B | 8.94B | 8.55B | 8.86B | 8.90B | 6.17B | 6.52B | 6.12B | |||||
| Enterprise Value | 5.49B | 8.27B | 9.82B | 8.20B | 7.93B | 8.90B | 8.48B | 8.80B | 8.84B | 6.12B | 6.46B | 6.10B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 234.78M | 238.95M | 211.65M | 184.38M | 182.84M | 186.14M | 177.85M | 153.44M | 92.00M | 51.24M | 28.65M | 10.82M | |||||
| Net Debt | -147.66M | -107.22M | -76.34M | -73.73M | -57.18M | -42.75M | -62.67M | -59.89M | -59.46M | -49.76M | -60.19M | -24.95M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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