APPF
$223.70+5.56%
AppFolio Inc.Stock · TechnologyNasdaq Composite · 0.01% of ONEQRussell 1000 · 0.005% of IWBUS Stock Market · 0.005% of VTIRussell 3000 · 0.005% of IWV
APPF financial statements
The full income statement, balance sheet, and cash-flow statement for AppFolio Inc. (APPF), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 36.7M2024-09 36.8M2024-12 36.9M2025-03 36.6M2025-06 36.2M2025-09 36.3M2025-12 36.2M2026-03 35.4M2026-06 35.4M-3.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 951M+19.7% | 794M+28.0% | 620M+31.5% | 472M+31.3% | 359M+15.9% | |
| Cost of revenue | — | — | — | — | 144M+20.9% | |
| Research & development | 190M+18.7% | 160M+6.0% | 151M+36.2% | 111M+68.4% | 66.0M+36.0% | |
| Selling, general & administrative | 95.6M+11.2% | 86.0M-8.0% | 93.5M-7.3% | 101M+76.0% | 57.3M+20.6% | |
| General & administrative | 95.6M+11.2% | 86.0M-8.0% | 93.5M-7.3% | 101M+76.0% | 57.3M+20.6% | |
| Selling & marketing | 144M+30.1% | 111M+2.8% | 108M+0.2% | 107M+46.7% | 73.2M+25.2% | |
| Restructuring | — | — | 10.3M | — | — | |
| Amortization of intangibles | 10.2M+385.7% | 2.10M-16.0% | 2.50M-43.2% | 4.40M-4.3% | 4.60M-6.1% | |
| Operating income | 153M+12.7% | 136M+13985.6% | 963K+101.3% | -72.4M-509.3% | -11.9M-221.4% | |
| Net interest income | — | — | 7.03M+493.8% | 1.18M+136.3% | 501K+127.1% | |
| Other non-operating income | 38.0K-94.5% | 697K+23133.3% | 3.00K-99.9% | 4.47M-65.9% | 13.1M-93.1% | |
| Pre-tax income | 161M+7.2% | 150M+1779.7% | 8.00M+112.0% | -66.7M-3947.6% | 1.73M-99.1% | |
| Income tax | 20.2M+137.6% | -53.7M-1115.0% | 5.29M+277.7% | 1.40M+98.6% | 706K-98.2% | |
| 141M-30.9% | 204M+7452.5% | 2.70M+104.0% | -68.1M-6726.4% | 1.03M-99.4% | ||
| Net income to common | 141M-30.9% | 204M+7452.0% | 2.70M+104.0% | -68.1M-6726.4% | 1.03M | |
| $3.88-30.1% | $5.55+7828.6% | $0.07+103.6% | -$1.95-6600.0% | $0.03-99.3% | ||
| EPS (basic) | $3.91-30.6% | $5.63+6937.5% | $0.08+104.1% | -$1.95-6600.0% | $0.03-99.4% | |
| Weighted-avg shares (basic) | 36.0M-0.7% | 36.3M+1.7% | 35.6M+1.8% | 35.0M+1.2% | 34.6M+0.9% | |
| Weighted-avg shares (diluted) | 36.3M-1.2% | 36.8M+1.0% | 36.4M+4.0% | 35.0M-1.9% | 35.7M-0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 353M+5.3% | 335M+23.1% | 272M+35.2% | 201M+27.0% | 159M-20.4% | ||
| Cash & equivalents | 107M+151.7% | 42.5M-14.1% | 49.5M-30.0% | 70.8M+22.3% | 57.8M-58.8% | |
| Accounts receivable | 36.9M+51.5% | 24.3M+17.6% | 20.7M+25.5% | 16.5M+31.0% | 12.6M+25.2% | |
| Prepaid expenses | 65.2M+98.8% | 32.8M-17.9% | 39.9M+60.4% | 24.9M+5.7% | 23.6M+13.4% | |
| Other current assets | 3.45M+26.6% | 2.72M | — | — | — | |
| 689M+9.9% | 627M+53.3% | 409M+7.3% | 381M-6.6% | 408M+4.8% | ||
| Property, plant & equipment | 23.2M-5.1% | 24.5M-13.7% | 28.4M+8.6% | 26.1M-14.3% | 30.5M+15.3% | |
| Operating lease right-of-use | 15.9M-8.9% | 17.5M-9.4% | 19.3M-17.9% | 23.5M-43.7% | 41.7M+36.5% | |
| Goodwill | 96.4M+0.0% | 96.4M+72.0% | 56.1M+0.0% | 56.1M-0.2% | 56.1M+0.0% | |
| Intangible assets | 38.8M-20.9% | 49.1M+1981.3% | 2.36M-51.2% | 4.83M-58.7% | 11.7M-28.4% | |
| Long-term investments | 77.0M+3750.0% | 2.00M | — | — | — | |
| Deferred tax assets | 58.8M-23.5% | 76.9M | 0.00 | — | 0.00-100.0% | |
| Other non-current assets | 14.1M+48.5% | 9.48M+6.5% | 8.91M+1.4% | 8.79M+24.0% | 7.09M+14.1% | |
| 107M+68.8% | 63.3M-9.3% | 69.8M+13.7% | 61.3M+16.5% | 52.6M+5.7% | ||
| Accounts payable | 4.12M+73.4% | 2.38M+108.4% | 1.14M-53.9% | 2.47M+45.1% | 1.70M+63.8% | |
| Accrued liabilities | 20.8M+42.1% | 14.7M-32.5% | 21.7M+39.2% | 15.6M+17.4% | 13.3M-5.6% | |
| Deferred revenue | — | — | — | 900K-64.0% | 2.50M+10.5% | |
| Current lease liability | 4.87M+14.0% | 4.27M+17.8% | 3.63M+8.0% | 3.36M+79.1% | 1.87M+1.6% | |
| Other current liabilities | 22.1M+37.5% | 16.1M+41.9% | 11.3M+27.5% | 8.89M+17.2% | 7.59M+70.5% | |
| 146M+36.3% | 107M-3.8% | 112M-3.5% | 116M+4.6% | 111M+6.8% | ||
| Non-current lease liability | 33.3M-11.2% | 37.5M-8.8% | 41.1M-18.2% | 50.2M-9.9% | 55.7M+38.8% | |
| Operating lease liability (total) | 38.2M-8.6% | 41.7M-6.7% | 44.7M-16.5% | 53.6M-7.0% | 57.6M+37.2% | |
| Deferred tax liabilities | — | 0.00-100.0% | 697K | — | 1.68M-87.7% | |
| Other non-current liabilities | 6.25M-5.7% | 6.63M | 0.00-100.0% | 4.09M+80.9% | 2.26M | |
| 543M+4.5% | 519M+74.7% | 297M+12.0% | 266M-10.7% | 297M+4.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 284M+11.5% | 255M+7.5% | 237M+13.0% | 210M+22.0% | 172M+6.6% | |
| Retained earnings | 431M+48.6% | 290M+237.3% | 86.0M+3.2% | 83.3M-45.0% | 151M+0.7% | |
| Treasury stock | 172M+569.7% | 25.8M+0.0% | 25.8M+0.0% | 25.8M+0.0% | 25.8M+0.0% | |
| Accumulated other comprehensive income | 30.0K-82.7% | 173K+74.7% | 99.0K+105.9% | -1.68M-768.0% | -194K-446.4% | |
| Total liabilities & equity | 689M+9.9% | 627M+53.3% | 409M+7.3% | 381M-6.6% | 408M+4.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 242M+28.7% | 188M+212.1% | 60.3M+137.7% | 25.4M-28.3% | 35.4M-26.7% | ||
| Depreciation & amortization | 22.7M+15.9% | 19.5M-32.6% | 29.0M-5.9% | 30.8M+6.2% | 29.0M+8.4% | |
| Intangible amortization | 10.2M+385.7% | 2.10M-16.0% | 2.50M-43.2% | 4.40M-4.3% | 4.60M-6.1% | |
| Share-based compensation | 70.8M+17.3% | 60.3M+15.2% | 52.4M+21.1% | 43.2M+152.0% | 17.2M+66.4% | |
| Deferred income taxes | 17.5M+120.2% | -86.5M-17590.8% | -489K+18.1% | -597K-275.6% | 340K-98.8% | |
| Change in receivables | 12.5M+270.3% | 3.38M-19.6% | 4.21M+0.2% | 4.20M+99.6% | 2.10M-24.4% | |
| Change in payables | 1.77M+13.3% | 1.56M+199.6% | -1.56M-233.1% | 1.18M+136.6% | 497K+155.0% | |
| 10.2M+106.8% | -152M-173.0% | -55.6M-759.6% | -6.47M+94.1% | -110M-175.4% | ||
| Capital expenditure | 3.15M+56.5% | 2.02M-77.7% | 9.04M+38.2% | 6.54M-19.3% | 8.10M-57.4% | |
| Free cash flow | 239M+28.4% | 186M+263.3% | 51.2M+172.2% | 18.8M-31.0% | 27.3M-6.7% | |
| Acquisitions | 906K-98.8% | 77.4M | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 119M-50.4% | 240M+57.5% | 152M+73.4% | 87.9M-18.1% | 107M+292.8% | |
| -188M-332.9% | -43.4M-67.2% | -26.0M-321.2% | -6.16M+16.1% | -7.35M+89.6% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 146M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 64.5M+1020.2% | -7.00M+67.1% | -21.3M-266.9% | 12.7M+115.5% | -82.4M-166.2% | |
| Interest paid | — | — | — | 0.00 | 0.00-100.0% | |
| Income taxes paid | 28.8M+105.7% | 14.0M+73.4% | 8.09M+142.2% | 3.34M-64.2% | 9.32M+10869.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 8.42B-7.4% | 9.10B+43.9% | 6.32B+71.1% | 3.69B-14.6% | 4.32B-33.0% | |
| P/E | 59.8×+34.1% | 44.6× | — | — | 4206.4×+10218.5% | |
| P/S | 8.9×-22.7% | 11.5×+3.8% | 11.0×+32.5% | 8.3×-30.8% | 12.0×-42.2% | |
| P/B | 15.5×-11.4% | 17.5×-27.2% | 24.1×+77.2% | 13.6×-6.6% | 14.5×-35.6% | |
| P/FCF | 35.2×-27.9% | 48.9×-77.8% | 220.6×+15.5% | 191.0×+20.5% | 158.5×-28.2% | |
| Earnings yield | 1.7%-25.4% | 2.2% | — | — | 0.02%-99.0% | |
| FCF yield | 2.8%+38.6% | 2.0%+351.4% | 0.45%-13.4% | 0.52%-17.0% | 0.63%+39.3% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: APPF’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all APPF filings on SEC EDGAR → Not investment advice.