APPF Stock - AppFolio, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $794.20M | $620.45M | $471.88M | $359.37M | $310.06M |
| Gross Profit | $492.59M | $382.37M | $280.06M | $215.43M | $191.03M |
| Gross Margin | 62.0% | 61.6% | 59.3% | 59.9% | 61.6% |
| Operating Income | $135.64M | $963,000 | $-72,370,000 | $-11,878,000 | $9.78M |
| Net Income | $204.07M | $2.70M | $-68,119,000 | $1.03M | $158.40M |
| Net Margin | 25.7% | 0.4% | -14.4% | 0.3% | 51.1% |
| EPS | $5.63 | $0.08 | $-1.95 | $0.03 | $4.62 |
AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes. It also provides value added services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as electronic payment, tenant screening, and insurance services. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 12th 2025 | UBS | Initiation | Buy | $285 |
| October 24th 2025 | Keefe Bruyette | Upgrade | Outperform | $311 |
| October 17th 2025 | KeyBanc Capital Markets | Upgrade | Overweight | $285 |
| August 1st 2025 | Piper Sandler | Upgrade | Overweight | $350 |
| July 31st 2025 | Keefe Bruyette | Upgrade | Market Perform | $267 |
| January 10th 2025 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| January 6th 2025 | Piper Sandler | Downgrade | Neutral | $265 |
| October 15th 2024 | Keefe Bruyette | Downgrade | Underperform | $193← $255 |
| June 11th 2024 | Piper Sandler | Initiation | Overweight | $295 |
| January 19th 2024 | BTIG Research | Initiation | Buy | $215 |
| September 1st 2023 | DA Davidson | Upgrade | Buy | $230← $155 |
| August 28th 2023 | William Blair | Upgrade | Outperform | - |
| August 21st 2023 | Stephens | Upgrade | Overweight | $212← $184 |
| August 17th 2023 | JP Morgan | Initiation | Overweight | $200 |
| September 15th 2022 | Berenberg | Initiation | Buy | $130 |
Earnings History & Surprises
APPFEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $1.22 | — | — | — |
Q4 2025 | Oct 30, 2025 | $1.45 | $1.31 | -9.7% | ✗ MISS |
Q3 2025 | Jul 31, 2025 | $1.27 | $1.38 | +8.7% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $1.22 | $1.21 | -0.8% | ✗ MISS |
Q1 2025 | Jan 30, 2025 | $0.92 | $0.92 | 0.0% | = MET |
Q4 2024 | Oct 24, 2024 | $1.02 | $1.30 | +27.5% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $0.92 | $1.12 | +21.7% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.89 | $1.06 | +19.1% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $0.72 | $0.88 | +22.2% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.41 | $0.60 | +46.3% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.10 | $0.23 | +130.0% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $-0.08 | $-0.01 | +87.5% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $-0.13 | $-0.05 | +61.5% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $-0.16 | $0.11 | +168.8% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $-0.14 | $0.03 | +121.4% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $-0.05 | $-0.41 | -720.0% | ✗ MISS |
Q1 2022 | Feb 28, 2022 | $-0.03 | $-0.04 | -60.0% | ✗ MISS |
Q4 2021 | Nov 8, 2021 | $0.07 | $-0.00 | -105.8% | ✗ MISS |
Q3 2021 | Aug 9, 2021 | $0.10 | $0.06 | -40.0% | ✗ MISS |
Latest News
UBS Initiates Coverage On AppFolio with Buy Rating, Announces Price Target of $285
📈 PositiveAPPF stock has given up its prior loss. AppFolio shares were trading lower after the company reported worse-than-expected Q3 adjusted EPS results.
➖ NeutralDA Davidson Maintains Buy on AppFolio, Lowers Price Target to $325
📈 PositiveAppFolio shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results. Also, Keybanc lowered its price target on the stock from $285 to $270.
📉 NegativeKeybanc Maintains Overweight on AppFolio, Lowers Price Target to $270
➖ NeutralAppFolio shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results.
📉 NegativeAppFolio Raises FY2025 Sales Guidance from $935.000M-$945.000M to $945.000M-$950.000M vs $942.995M Est
📈 PositiveAppFolio Q3 Adj. EPS $1.31 Misses $1.45 Estimate, Sales $249.353M Beat $245.388M Estimate
➖ NeutralKeefe, Bruyette & Woods Upgrades AppFolio to Outperform, Maintains Price Target to $311
📈 PositiveKeybanc Upgrades AppFolio to Overweight, Announces $285 Price Target
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on AppFolio, Raises Price Target to $311
📈 PositiveAppFolio soars after Q2 results, upgrade at Piper Sandler
📈 PositiveAppFolio plunges as Q1 results miss estimates
📉 NegativeFrequently Asked Questions about APPF
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