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AppFolio Inc. logo

AppFolio Inc.

APPF

NASDAQTechnologySoftware - Application

Open in GoAI

Regular session

$227.27

+$2.8695 · +1.28%

Aug 24, 10:20 AM ET

APPF company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

80

Undervalued

Momentum

46

Neutral

Sentiment

54

Mixed

Risk resilience

41

Elevated Risk

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Company profile

Company website

AppFolio, Inc., together with its subsidiaries, provides cloud-based platform for the real estate industry in the United States. The company provides a cloud-based platform that assist with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services. It offers AppFolio Property Manager Core, a platform that provides the accounting functionalities for small property management companies, as well as serves as a system of record; AppFolio Property Manager Plus, which offers affordable housing and student housing, advanced accounting, advanced data analysis, and read-only API access services; and AppFolio Property Manager Max that provides customer relationship management tools and full database access through a read and write application programming interface services. The company also provides value-added services, such as electronic payment, tenant screening, maintenance, business optimization, resident, and risk mitigation services. It serves property managers, property investors, potential residents, residents, and vendors. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Shane Trigg
Listed since
Jun 26, 2015
Employees
1,702

Market position

Day range

Current $227.27

52-week range

Current $227.27

Open
$223.9
Previous close
$224.4
Volume
28.35K
0.07× average
Average volume
390.88K
Average daily volume
Market cap
8.12B USD
Beta
0.81
Market reference 1
50-day average
$177.5
+28.04% above average
200-day average
$188.97
+20.27% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.34B USD
P/E (TTM)
51.54×
P/B (TTM)
15.35×
P/S (TTM)
7.8×
EV / EBITDA
45.4×
Earnings yield
1.68%
Free cash flow yield
2.85%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
63.04%
Operating margin
17.52%
Net margin
15.13%
Return on equity
25.97%
Return on assets
19.51%
Return on invested capital
21.56%

Financial health

Debt / equity
0.07×
Current ratio
3.2×
Altman Z-score
43.47
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends70%39%8%-23%Gross margin, FY2021: 59.95%Gross margin, FY2022: 59.35%Gross margin, FY2023: 61.63%Gross margin, FY2024: 62.02%Gross margin, FY2025: 61.30%Operating margin, FY2021: -3.31%Operating margin, FY2022: -15.34%Operating margin, FY2023: 0.16%Operating margin, FY2024: 17.08%Operating margin, FY2025: 16.08%Net margin, FY2021: 0.29%Net margin, FY2022: -14.44%Net margin, FY2023: 0.44%Net margin, FY2024: 25.69%Net margin, FY2025: 14.82%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 59.95%. Gross margin FY2022 59.35%. Gross margin FY2023 61.63%. Gross margin FY2024 62.02%. Gross margin FY2025 61.30%. Operating margin FY2021 -3.31%. Operating margin FY2022 -15.34%. Operating margin FY2023 0.16%. Operating margin FY2024 17.08%. Operating margin FY2025 16.08%. Net margin FY2021 0.29%. Net margin FY2022 -14.44%. Net margin FY2023 0.44%. Net margin FY2024 25.69%. Net margin FY2025 14.82%.

Income trends

Revenue

950.82M USD+19.72%

Operating income

152.92M USD+12.73%

Net income

140.92M USD-30.94%
Income trends across reported periods1.05B USD643.86M USD234.59M USD−174.69M USDRevenue, FY2021: 359.37M USDRevenue, FY2022: 471.88M USDRevenue, FY2023: 620.45M USDRevenue, FY2024: 794.2M USDRevenue, FY2025: 950.82M USDOperating income, FY2021: −11.88M USDOperating income, FY2022: −72.37M USDOperating income, FY2023: 963K USDOperating income, FY2024: 135.64M USDOperating income, FY2025: 152.92M USDNet income, FY2021: 1.03M USDNet income, FY2022: −68.12M USDNet income, FY2023: 2.7M USDNet income, FY2024: 204.07M USDNet income, FY2025: 140.92M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 359.37M USD. Revenue FY2022 471.88M USD. Revenue FY2023 620.45M USD. Revenue FY2024 794.2M USD. Revenue FY2025 950.82M USD. Operating income FY2021 −11.88M USD. Operating income FY2022 −72.37M USD. Operating income FY2023 963K USD. Operating income FY2024 135.64M USD. Operating income FY2025 152.92M USD. Net income FY2021 1.03M USD. Net income FY2022 −68.12M USD. Net income FY2023 2.7M USD. Net income FY2024 204.07M USD. Net income FY2025 140.92M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue950.82M USD794.2M USD620.45M USD471.88M USD359.37M USD
Cost of goods sold367.99M USD301.61M USD238.08M USD191.83M USD143.94M USD
Gross profit582.83M USD492.59M USD382.37M USD280.06M USD215.43M USD
Research and development190.42M USD160.38M USD151.36M USD111.12M USD65.98M USD
Selling, general, and administrative239.49M USD196.57M USD201.05M USD208.19M USD130.48M USD
Operating expenses429.91M USD356.95M USD381.41M USD352.43M USD227.3M USD
Interest income8.16M USD13.98M USD7.03M USD1.18M USD501K USD
Depreciation and amortization22.65M USD19.55M USD28.63M USD36.31M USD34.04M USD
Operating income152.92M USD135.64M USD963K USD−72.37M USD−11.88M USD
Net income140.92M USD204.07M USD2.7M USD−68.12M USD1.03M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+10.51%
11 comparable reports
Latest EPS result
1.71
Estimate 1.69 · Beat by 1.18%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.831.51.180.85Q1 '25MetQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 0.92, estimate 0.92, surprise 0.00%, Met estimate. Q2 2025, reported Apr 24, 2025: actual 1.21, estimate 1.22, surprise -0.82%, Miss. Q3 2025, reported Jul 31, 2025: actual 1.38, estimate 1.27, surprise +8.66%, Beat. Q4 2025, reported Oct 30, 2025: actual 1.31, estimate 1.45, surprise -9.66%, Miss. Q1 2026, reported Jan 29, 2026: actual 1.39, estimate 1.22, surprise +13.93%, Beat. Q2 2026, reported Apr 23, 2026: actual 1.61, estimate 1.44, surprise +11.81%, Beat. Q3 2026, reported Jul 23, 2026: actual 1.71, estimate 1.69, surprise +1.18%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.76, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates305.96M266.72M227.48M188.23MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 203.66M USD, estimate 200M USD, surprise +1.83%, Beat. Q2 2025, reported Apr 24, 2025: actual 217.7M USD, estimate 220.42M USD, surprise -1.23%, Miss. Q3 2025, reported Jul 31, 2025: actual 235.58M USD, estimate 230.1M USD, surprise +2.38%, Beat. Q4 2025, reported Oct 30, 2025: actual 249.35M USD, estimate 246.56M USD, surprise +1.13%, Beat. Q1 2026, reported Jan 29, 2026: actual 248.19M USD, estimate 246.56M USD, surprise +0.66%, Beat. Q2 2026, reported Apr 23, 2026: actual 262.21M USD, estimate 258.08M USD, surprise +1.60%, Beat. Q3 2026, reported Jul 23, 2026: actual 281.12M USD, estimate 277.35M USD, surprise +1.36%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 294.19M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$222.33

2.17% downside
Past 12 months12-month forecastHigh $232Average $222.33Low $210

Rating distribution

13 ratings
Strong buy00%
Buy969%
Hold323%
Sell18%
Strong sell00%

Recent analyst actions

8 institutions
BenchmarkmaintainBuy
William BlairupgradeMarket PerformOutperform

APPF news

globenewswire.com

The Property Performance Gap Is Widening. FUTURE 2026 Is Where Operators Master the RPM Playbook to Close It.

AppFolio's annual conference delivers the strategies that separate market leaders from the rest. SANTA BARBARA, Calif.

Read source
zacks.com

Is It Worth Investing in AppFolio (APPF) Based on Wall Street's Bullish Views?

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's…

Read source
zacks.com

Why AppFolio (APPF) is a Top Momentum Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Read source
fool.com

An AppFolio Insider Has Been Selling for Weeks. Here's What to Know

This transaction involved 14,707 shares with an approximate value of $2.9 million, based on weighted-average execution prices. Activity was split between direct holdings and indirect ownership through a family trust and…

Read source
fool.com

An AppFolio Insider Sold on a Preset Plan After Earnings. Here's What to Know

The transaction involved the sale of 661 shares at $200.49 per share, totaling about $133,000 on August 5. This disposition represents 10% of the insider's total direct equity holdings in the company.

Read source
fool.com

AppFolio's AI Clears a Quarter of Maintenance Requests. Here's What an Insider Filing Shows

The disposition involved 1,244 shares with an estimated value of $248,228 based on the transaction price. This activity resulted in a 6% reduction in the insider's total direct Class A common stock holdings.

Read source

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ETFs holding APPF

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
162.75M
Weight
0.13%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.37-0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
130.96M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.92-0.35%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
98.91M
Weight
0.06%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$116.08-1.98%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
94.44M
Weight
0.05%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$303.6-0.38%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
55M
Weight
0.12%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$354.5-1.16%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
49.84M
Weight
0.05%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.96-0.64%
Invesco S&P MidCap Quality ETF logoInvesco S&P MidCap Quality ETFXMHQ
Market value
47.22M
Weight
0.84%
AUM
5.67B USD
Expense ratio
0.31%
Price / 1D
$118.81-0.39%
State Street SPDR S&P MIDCAP 400 ETF Trust logoState Street SPDR S&P MIDCAP 400 ETF TrustMDY
Market value
38.51M
Weight
0.14%
AUM
26.72B USD
Expense ratio
0.23%
Price / 1D
$696.01-0.51%

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