# Appfolio Inc. (APPF)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $5.87B  
**Price:** $161.71 (-3.93%)

> AppFolio Inc. is a technology company that provides cloud-based software solutions tailored for the real estate industry in the United States. Its primary offerings include the AppFolio Property Manager platform, which streamlines essential operations such as leasing, maintenance, accounting, marketing, reporting, workflow automation, and communication for property management companies. The platform features tiered solutions like AppFolio Property Manager Core for basic accounting needs, Plus for advanced data analysis and housing-specific tools, and Max for comprehensive customer relationship management and API access. AppFolio Inc. enhances its core software with Value+ services, including AI-powered leasing assistants, tenant screening, electronic payments, utility management, maintenance coordination, debt collection, and mailing services. These tools support diverse real estate sectors such as single-family rentals, multifamily properties, student housing, affordable housing, community associations, commercial properties, and investment management. Recently, innovations like the AppFolio Performance Platform and Realm-X generative AI integrate agentic capabilities to automate workflows, answer queries, and drive performance improvements. Founded in 2006 and headquartered in Santa Barbara, California, AppFolio Inc. plays a key role in modernizing property management through integrated technology and data analytics.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $951M | — | $153M | $141M | — |
| 2024 | $794M | — | $136M | $204M | — |
| 2023 | $620M | — | $963,000 | $3M | — |
| 2022 | $472M | — | -$72M | -$68M | — |
| 2021 | $359M | $215M | -$12M | $1M | — |
| 2020 | $310M | $191M | $10M | $158M | — |
| 2019 | $256M | $154M | $6M | $36M | — |
| 2018 | $190M | $117M | $20M | $20M | — |
| 2017 | $144M | $89M | $9M | $10M | — |
| 2016 | $106M | $61M | -$8M | -$8M | — |
| 2015 | $75M | $41M | -$15M | -$16M | — |
| 2014 | $48M | $25M | -$9M | -$9M | — |
| 2013 | $27M | $13M | -$8M | -$7M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $689M | $146M | $543M | $107M | — |
| 2024 | $627M | $107M | $519M | $43M | — |
| 2023 | $409M | $112M | $297M | $50M | — |
| 2022 | $381M | $116M | $266M | $71M | — |
| 2021 | $408M | $111M | $297M | $58M | — |
| 2020 | $389M | $104M | $286M | $140M | — |
| 2019 | $260M | $128M | $132M | $16M | $47M |
| 2018 | $176M | $84M | $92M | $74M | $49M |
| 2017 | $110M | $25M | $85M | $16M | — |
| 2016 | $93M | $23M | $70M | $11M | — |
| 2015 | $90M | $18M | $73M | $12M | — |
| 2014 | $25M | $14M | -$51M | $5M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $242M | $3M | $239M |
| 2024 | $188M | $2M | $186M |
| 2023 | $60M | $9M | $51M |
| 2022 | $25M | $7M | $19M |
| 2021 | $35M | $8M | $27M |
| 2020 | $48M | $19M | $29M |
| 2019 | $39M | $8M | $31M |
| 2018 | $36M | $2M | $34M |
| 2017 | $29M | $2M | $27M |
| 2016 | $12M | $4M | $7M |
| 2015 | -$7M | $4M | -$11M |
| 2014 | $475,000 | $2M | -$1M |
| 2013 | -$4M | $1M | -$6M |

Source: [CompaniesByCap](https://companiesbycap.com/company/APPF)