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Appfolio (APPF) | Financial Analysis & Statements

Appfolio Inc. | Mid-cap | Technology

$277.38

0.42%

Appfolio vs Salesforce Appfolio vs ServiceNow Appfolio vs Monday.com Appfolio vs Unity Software Appfolio vs Altair Engineering Appfolio vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 217.7M

Gross Profit 138.2M 63.48%

Operating Income 33.8M 15.52%

Net Income 31.4M 14.42%

EPS (Diluted) $0.86

Balance Sheet Metrics

Total Assets 564.7M

Total Liabilities 102.6M

Shareholders Equity 462.1M

Debt to Equity 0.22

Cash Flow Metrics

Operating Cash Flow 49.2M

Free Cash Flow 37.6M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Appfolio Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	794.2M	620.4M	471.9M	359.4M	310.1M
Cost of Goods Sold i	282.1M	238.1M	191.8M	143.9M	119.0M
Gross Profit i	512.1M	382.4M	280.1M	215.4M	191.0M
Gross Margin % i	64.5%	61.6%	59.3%	59.9%	61.6%
Operating Expenses
Research & Development i	160.4M	151.4M	111.1M	66.0M	48.5M
Selling, General & Administrative i	196.6M	201.1M	208.2M	130.5M	105.9M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	356.9M	352.4M	319.3M	196.5M	154.5M
Operating Income i	135.6M	963.0K	-72.4M	-11.9M	9.8M
Operating Margin % i	17.1%	0.2%	-15.3%	-3.3%	3.2%
Non-Operating Items
Interest Income i	14.0M	7.0M	1.2M	501.0K	-
Interest Expense i	-	-	-	-	-
Other Non-Operating Income	697.0K	3.0K	4.5M	13.1M	188.9M
Pre-tax Income i	150.3M	8.0M	-66.7M	1.7M	196.8M
Income Tax i	-53.7M	5.3M	1.4M	706.0K	38.4M
Effective Tax Rate % i	-35.8%	66.2%	0.0%	40.7%	19.5%
Net Income i	204.1M	2.7M	-68.1M	1.0M	158.4M
Net Margin % i	25.7%	0.4%	-14.4%	0.3%	51.1%
Key Metrics
EBITDA i	155.5M	30.0M	-38.4M	20.4M	39.0M
EPS (Basic) i	$5.63	$0.08	$-1.95	$0.03	$4.62
EPS (Diluted) i	$5.55	$0.07	$-1.95	$0.03	$4.44
Basic Shares Outstanding i	36252000	35629000	35010000	34578000	34264000
Diluted Shares Outstanding i	36252000	35629000	35010000	34578000	34264000

Income Statement Trend

Appfolio Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	42.5M	49.5M	70.8M	57.8M	140.3M
Short-term Investments i	235.7M	162.2M	89.3M	64.6M	28.3M
Accounts Receivable i	24.3M	20.7M	16.5M	12.6M	10.1M
Inventory i	-	-	-	-	-
Other Current Assets	32.8M	39.9M	24.9M	23.6M	20.8M
Total Current Assets i	335.4M	272.4M	201.5M	158.6M	199.4M
Non-Current Assets
Property, Plant & Equipment i	0	0	0	0	30.6M
Goodwill i	257.3M	136.0M	152.3M	165.2M	164.1M
Intangible Assets i	64.5M	23.9M	40.1M	52.9M	51.8M
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	88.4M	8.9M	8.8M	7.1M	18.4M
Total Non-Current Assets i	291.3M	136.5M	179.7M	249.4M	190.1M
Total Assets i	626.7M	408.9M	381.2M	408.0M	389.5M
Liabilities
Current Liabilities
Accounts Payable i	2.4M	1.1M	2.5M	1.7M	1.0M
Short-term Debt i	4.3M	3.6M	3.4M	-	-
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	7.9M	3.5M	2.9M	7.6M	4.5M
Total Current Liabilities i	63.3M	69.8M	61.3M	52.6M	49.8M
Non-Current Liabilities
Long-term Debt i	37.5M	41.1M	50.2M	55.7M	40.1M
Deferred Tax Liabilities i	0	-	-	1.7M	13.6M
Other Non-Current Liabilities	6.6M	697.0K	4.1M	2.3M	-
Total Non-Current Liabilities i	44.1M	41.8M	54.3M	58.0M	53.8M
Total Liabilities i	107.4M	111.6M	115.7M	110.6M	103.6M
Equity
Common Stock i	4.0K	4.0K	4.0K	4.0K	4.0K
Retained Earnings i	290.0M	86.0M	83.3M	151.4M	150.4M
Treasury Stock i	25.8M	25.8M	25.8M	25.8M	25.8M
Other Equity	-	-	-	-	-
Total Shareholders Equity i	519.3M	297.3M	265.5M	297.4M	285.9M
Key Metrics
Total Debt i	41.7M	44.7M	53.6M	55.7M	40.1M
Working Capital i	272.1M	202.6M	140.1M	106.0M	149.5M

Balance Sheet Composition

Appfolio Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	204.1M	2.7M	-68.1M	1.0M	158.4M
Depreciation & Amortization i	19.8M	28.6M	34.0M	32.2M	29.2M
Stock-Based Compensation i	62.1M	54.9M	43.2M	17.2M	10.3M
Working Capital Changes i	-5.0M	-8.3M	-7.4M	-1.8M	-4.0M
Operating Cash Flow i	195.8M	70.0M	-118.0K	49.4M	223.1M
Investing Activities
Capital Expenditures i	-2.0M	-9.0M	-6.5M	-8.1M	-19.0M
Acquisitions i	-77.4M	629.0K	5.2M	12.9M	191.4M
Investment Purchases i	-317.2M	-195.7M	-79.3M	-241.2M	-43.9M
Investment Sales i	250.0M	153.4M	88.9M	150.6M	44.0M
Investing Cash Flow i	-146.6M	-50.8M	8.2M	-85.8M	172.6M
Financing Activities
Share Repurchases i	-	-	0	0	-4.2M
Dividends Paid i	-	-	-	-	-
Debt Issuance i	-	-	0	0	50.8M
Debt Repayment i	-	-	0	0	-99.6M
Financing Cash Flow i	-47.3M	-28.6M	-10.6M	-10.0M	-71.2M
Free Cash Flow i	181.0M	46.4M	4.1M	2.7M	3.2M
Net Change in Cash i	1.9M	-9.3M	-2.5M	-46.4M	324.5M

Cash Flow Trend

Appfolio Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 49.98

Forward P/E 50.52

Price to Book 21.83

Price to Sales 11.53

PEG Ratio 50.52

Profitability Ratios

Profit Margin 23.54%

Operating Margin 17.20%

Return on Equity 49.12%

Return on Assets 16.78%

Financial Health

Current Ratio 2.92

Debt to Equity 8.70

Beta 0.96

Per Share Data

EPS (TTM) $5.55

Book Value per Share $12.71

Revenue per Share $23.81

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
appf	9.9B	49.98	21.83	49.12%	23.54%	8.70
Salesforce	245.0B	40.16	4.05	10.31%	16.08%	19.81
ServiceNow	190.4B	114.97	17.42	16.95%	13.78%	22.04
Monday.com	9.9B	257.33	8.34	3.80%	3.63%	10.59
Unity Software	9.7B	-23.46	5.20	-12.62%	-24.38%	68.17
Altair Engineering	9.6B	699.06	11.17	1.81%	2.13%	30.23

Financial data is updated regularly. All figures are in the company's reporting currency.