Appfolio (APPF) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
794.2M
Gross Profit
512.1M
64.48%
Operating Income
135.6M
17.08%
Net Income
204.1M
25.69%
EPS (Diluted)
$5.55
Balance Sheet Metrics
Total Assets
626.7M
Total Liabilities
107.4M
Shareholders Equity
519.3M
Debt to Equity
0.21
Cash Flow Metrics
Operating Cash Flow
195.8M
Free Cash Flow
181.0M
Revenue & Profitability Trend
Appfolio Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 794.2M | 620.4M | 471.9M | 359.4M | 310.1M |
| Cost of Goods Sold | 282.1M | 238.1M | 191.8M | 143.9M | 119.0M |
| Gross Profit | 512.1M | 382.4M | 280.1M | 215.4M | 191.0M |
| Operating Expenses | 356.9M | 352.4M | 319.3M | 196.5M | 154.5M |
| Operating Income | 135.6M | 963.0K | -72.4M | -11.9M | 9.8M |
| Pre-tax Income | 150.3M | 8.0M | -66.7M | 1.7M | 196.8M |
| Income Tax | -53.7M | 5.3M | 1.4M | 706.0K | 38.4M |
| Net Income | 204.1M | 2.7M | -68.1M | 1.0M | 158.4M |
| EPS (Diluted) | $5.55 | $0.07 | -$1.95 | $0.03 | $4.44 |
Income Statement Trend
Appfolio Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 335.4M | 272.4M | 201.5M | 158.6M | 199.4M |
| Non-Current Assets | 291.3M | 136.5M | 179.7M | 249.4M | 190.1M |
| Total Assets | 626.7M | 408.9M | 381.2M | 408.0M | 389.5M |
| Liabilities | |||||
| Current Liabilities | 63.3M | 69.8M | 61.3M | 52.6M | 49.8M |
| Non-Current Liabilities | 44.1M | 41.8M | 54.3M | 58.0M | 53.8M |
| Total Liabilities | 107.4M | 111.6M | 115.7M | 110.6M | 103.6M |
| Equity | |||||
| Total Shareholders Equity | 519.3M | 297.3M | 265.5M | 297.4M | 285.9M |
Balance Sheet Composition
Appfolio Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 204.1M | 2.7M | -68.1M | 1.0M | 158.4M |
| Operating Cash Flow | 195.8M | 70.0M | -118.0K | 49.4M | 223.1M |
| Investing Activities | |||||
| Capital Expenditures | -2.0M | -9.0M | -6.5M | -8.1M | -19.0M |
| Investing Cash Flow | -146.6M | -50.8M | 8.2M | -85.8M | 172.6M |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | -47.3M | -28.6M | -10.6M | -10.0M | -71.2M |
| Free Cash Flow | 181.0M | 46.4M | 4.1M | 2.7M | 3.2M |
Cash Flow Trend
Appfolio Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
47.43
Forward P/E
46.31
Price to Book
19.57
Price to Sales
11.11
PEG Ratio
46.31
Profitability Ratios
Profit Margin
23.87%
Operating Margin
15.52%
Return on Equity
49.12%
Return on Assets
16.95%
Financial Health
Current Ratio
4.64
Debt to Equity
8.81
Beta
0.87
Per Share Data
EPS (TTM)
$5.36
Book Value per Share
$12.99
Revenue per Share
$22.71
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| appf | 9.2B | 47.43 | 19.57 | 49.12% | 23.87% | 8.81 |
| Salesforce | 246.2B | 40.31 | 4.07 | 10.31% | 16.08% | 19.81 |
| Intuit | 210.0B | 61.35 | 10.44 | 17.84% | 19.07% | 0.35 |
| Paylocity Holding | 9.8B | 44.29 | 8.14 | 19.70% | 14.65% | 14.09 |
| ServiceTitan | 9.7B | -12.54 | 6.67 | -17.61% | -28.07% | 11.12 |
| 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.