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APPF Financials Appfolio Inc

13 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 25.1% per year over the past 5 years.
  • Net income has grown slower than revenue (-2.3% vs 25.1% per year).
  • Operating margin has expanded, at 16.1% in the latest year.
  • Free cash flow has grown 52.2% per year over the past 5 years.
Revenue & net income
-$68M $441M $951M $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-15% 23% 62% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$11M $114M $239M $0 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $70M $140M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$188M $27M $242M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $951M $141M 0.0% 16.1% $239M $107M
2024 $794M $204M 0.0% 17.1% $186M $43M
2023 $620M $3M 0.0% 0.2% $51M $50M
2022 $472M -$68M 0.0% -15.3% $19M $71M
2021 $359M $1M 59.9% -3.3% $27M $58M
2020 $310M $158M 61.6% 3.2% $29M $140M
2019 $256M $36M 60.3% 2.5% $31M $49M $16M
2018 $190M $20M 61.3% 10.3% $34M $50M $74M
2017 $144M $10M 61.6% 6.5% $27M $0 $16M
2016 $106M -$8M 57.7% -8.0% $7M $11M
2015 -$16M -$11M $12M
2014 -$9M -$1M $0 $5M
2013 -$7M -$6M $11M

Valuation over time

How the market has priced APPF against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 1678.5 3356.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 7.3 14.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is APPF growing its revenue and profit?

Over the past 5 years, Appfolio Inc's revenue has grown 25.1% per year, and net income declined 2.3% per year. These are computed facts, not advice.

How much debt does APPF have?

As of FY2025, Appfolio Inc reported — of total debt against $107M of cash.

What is APPF's profit margin?

In FY2025, gross margin was —, operating margin 16.1%, and net margin 14.8%.

What is APPF's P/E ratio?

As of Jun '26, Appfolio Inc traded at a price-to-earnings ratio of about 36.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.