Symbols / APPF Stock $163.39 +2.23% AppFolio, Inc.

Technology • Software - Application • United States • NGM
APPF (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Shane Trigg
Exch · Country NGM · United States
Market Cap 5.78B
Enterprise Value 5.54B
Income 151.96M
Sales 995.33M
FCF (ttm) 177.61M
Book/sh 13.30
Cash/sh 4.29
Employees 1,702
Insider 10d —
IPO Jun 26, 2015
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 38.90
Forward P/E 19.86
PEG 7.45
P/S 5.80
P/B 12.29
P/C —
EV/EBITDA 30.24
EV/Sales 5.56
Quick Ratio 2.94
Current Ratio 3.52
Debt/Eq 7.86
LT Debt/Eq —
EPS (ttm) 4.20
EPS next Y 8.23
EPS Growth 37.20%
Revenue Growth 20.40%
EPS Gr Q/Q 35.20%
Rev Gr Q/Q —
Earnings (next) 2026-04-23
Earnings (prior) 2026-04-23
ROA 18.54%
ROE 32.60%
ROIC —
Gross Margin 63.75%
Oper. Margin 19.35%
Profit Margin 15.27%
Shs Outstand 24.03M
Shs Float 22.91M
Insider Own 4.98%
Instit Own 91.72%
Short Float 10.48%
Short Ratio 7.17
Short Interest 2.51M
52W High 326.04
vs 52W High -49.89%
52W Low 142.73
vs 52W Low 14.47%
Beta 0.82
Impl. Vol. 51.90%
Rel Volume 0.75
Avg Volume 362.26K
Volume 271.10K
Target (mean) $229.25
Tgt Median $225.50
Tgt Low $185.00
Tgt High $300.00
# Analysts 8
Recom None
Prev Close $159.82
Price $163.39
Change 2.23%
About

AppFolio, Inc., together with its subsidiaries, provides cloud-based platform for the real estate industry in the United States. The company provides a cloud-based platform that assist with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services. It offers AppFolio Property Manager Core, a platform that provides the accounting functionalities for small property management companies, as well as serves as a system of record; AppFolio Property Manager Plus, which offers affordable housing and student housing, advanced accounting, advanced data analysis, and read-only API access services; and AppFolio Property Manager Max that provides customer relationship management tools and full database access through a read and write application programming interface services. The company also provides value-added services, such as electronic payment, tenant screening, maintenance, business optimization, resident, and risk mitigation services. It serves property managers, property investors, potential residents, residents, and vendors. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$229.25
Mean price target
2. Current target
$163.39
Latest analyst target
3. DCF / Fair value
$133.05
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$163.39
Low
$185.00
High
$300.00
Mean
$229.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-24 main Benchmark Buy → Buy $226
2026-04-24 main Piper Sandler Overweight → Overweight $210
2026-03-26 init Benchmark — → Buy $222
2026-01-30 main JP Morgan Overweight → Overweight $300
2026-01-30 main DA Davidson Buy → Buy $275
2026-01-30 main Keefe, Bruyette & Woods Outperform → Outperform $290
2026-01-30 main Piper Sandler Overweight → Overweight $245
2025-12-12 init UBS — → Buy $285
2025-11-19 main DA Davidson Buy → Buy $325
2025-10-31 main DA Davidson Buy → Buy $325
2025-10-31 main Keybanc Overweight → Overweight $270
2025-10-24 up Keefe, Bruyette & Woods Market Perform → Outperform $311
2025-10-17 up Keybanc Sector Weight → Overweight $285
2025-09-03 main Keefe, Bruyette & Woods Market Perform → Market Perform $311
2025-08-06 main DA Davidson Buy → Buy $375
2025-08-01 up Piper Sandler Neutral → Overweight $350
2025-07-31 up Keefe, Bruyette & Woods Underweight → Market Perform $267
2025-07-17 main Piper Sandler Neutral → Neutral $240
2025-04-25 main Keefe, Bruyette & Woods Underweight → Underweight $205
2025-04-23 main Piper Sandler Neutral → Neutral —
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-15 TRIGG WILLIAM SHANE Chief Executive Officer — 3,584 $151.68 $546,573
2026-05-12 BARAT ELIZABETH ERIN Officer — 1,978 $158.12 $312,761
2026-04-09 TRIGG WILLIAM SHANE Chief Executive Officer — 30,930 $0.00 $0
2026-03-10 KERR JANET E Director — 798 $0.00 $0
2026-02-20 RIGLER DON Officer — 1,980 $0.00 $0
2026-02-17 TRIGG WILLIAM SHANE Chief Executive Officer — 6,963 $167.04 $1,181,858
2026-02-12 CASEY SAORI Director — 1,248 $0.00 $0
2026-02-10 TRIGG WILLIAM SHANE Chief Executive Officer — 14,121 $188.30 $2,658,984
2026-02-10 EATON TIMOTHY MATHIAS Chief Financial Officer — 7,415 $188.30 $1,396,244
2026-02-10 BARAT ELIZABETH ERIN Officer — 7,062 $188.30 $1,329,775
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
950.82
+19.72%
794.20
+28.01%
620.45
+31.48%
471.88
Operating Revenue
933.01
+18.76%
785.62
+28.62%
610.79
+32.73%
460.18
Cost Of Revenue
345.34
+22.43%
282.07
+18.48%
238.08
+24.11%
191.83
Reconciled Cost Of Revenue
343.12
+22.53%
280.04
+18.69%
235.94
+23.57%
190.94
Gross Profit
605.48
+18.23%
512.13
+33.94%
382.37
+36.53%
280.06
Operating Expense
452.56
+20.21%
376.49
-1.29%
381.41
+8.22%
352.43
Research And Development
190.42
+18.73%
160.38
+5.95%
151.36
+36.22%
111.12
Selling General And Administration
239.49
+21.84%
196.57
-2.23%
201.05
-3.43%
208.19
Selling And Marketing Expense
143.90
+30.12%
110.60
+2.78%
107.60
+0.19%
107.40
General And Administrative Expense
95.59
+11.18%
85.97
-8.00%
93.45
-7.28%
100.79
Other Gand A
95.59
+11.18%
85.97
-8.00%
93.45
-7.28%
100.79
Total Expenses
797.90
+21.16%
658.56
+6.31%
619.48
+13.82%
544.25
Operating Income
152.92
+12.73%
135.64
+13985.57%
0.96
+101.33%
-72.37
Total Operating Income As Reported
152.92
+12.73%
135.64
+13985.57%
0.96
+101.33%
-72.37
EBITDA
177.79
+13.09%
157.22
+390.02%
32.08
+183.63%
-38.36
Normalized EBITDA
177.79
+13.09%
157.22
+390.02%
32.08
+183.63%
-38.36
Reconciled Depreciation
24.87
+15.29%
21.57
-30.68%
31.12
-8.49%
34.01
EBIT
152.92
+12.73%
135.64
+13985.57%
0.96
+101.33%
-72.37
Net Income
140.92
-30.94%
204.07
+7452.48%
2.70
+103.97%
-68.12
Pretax Income
161.11
+7.18%
150.32
+1779.73%
8.00
+111.99%
-66.72
Net Non Operating Interest Income Expense
8.16
-41.66%
13.98
+98.85%
7.03
+493.83%
1.18
Net Interest Income
8.16
-41.66%
13.98
+98.85%
7.03
+493.83%
1.18
Interest Income Non Operating
8.16
-41.66%
13.98
+98.85%
7.03
+493.83%
1.18
Interest Income
8.16
-41.66%
13.98
+98.85%
7.03
+493.83%
1.18
Other Income Expense
0.04
-94.55%
0.70
+23133.33%
0.00
-99.93%
4.47
Other Non Operating Income Expenses
0.04
-94.55%
0.70
+23133.33%
0.00
-99.93%
4.47
Tax Provision
20.19
+137.56%
-53.75
-1115.03%
5.29
+277.67%
1.40
Tax Rate For Calcs
0.00
-40.48%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
140.92
-30.94%
204.07
+7452.48%
2.70
+103.97%
-68.12
Net Income From Continuing Operation Net Minority Interest
140.92
-30.94%
204.07
+7452.48%
2.70
+103.97%
-68.12
Net Income From Continuing And Discontinued Operation
140.92
-30.94%
204.07
+7452.48%
2.70
+103.97%
-68.12
Net Income Continuous Operations
140.92
-30.94%
204.07
+7452.48%
2.70
+103.97%
-68.12
Normalized Income
140.92
-30.94%
204.07
+7452.48%
2.70
+103.97%
-68.12
Net Income Common Stockholders
140.92
-30.94%
204.06
+7452.04%
2.70
+103.97%
-68.12
Otherunder Preferred Stock Dividend
0.00
-100.00%
0.01
0.00
0.00
Diluted EPS
3.88
-30.09%
5.55
+7828.57%
0.07
+103.59%
-1.95
Basic EPS
3.91
-30.55%
5.63
+6937.50%
0.08
+104.10%
-1.95
Basic Average Shares
36.01
-0.66%
36.25
+1.75%
35.63
+1.77%
35.01
Diluted Average Shares
36.33
-1.24%
36.78
+1.00%
36.42
+4.02%
35.01
Diluted NI Availto Com Stockholders
140.92
-30.94%
204.06
+7452.04%
2.70
+103.97%
-68.12
Depreciation Amortization Depletion Income Statement
22.65
+15.89%
19.55
-32.58%
28.99
-12.47%
33.12
Depreciation And Amortization In Income Statement
22.65
+15.89%
19.55
-32.58%
28.99
-12.47%
33.12
Total Other Finance Cost
—
—
—
-1.18
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
688.97
+9.94%
626.68
+53.26%
408.89
+7.26%
381.22
Current Assets
353.31
+5.34%
335.40
+23.15%
272.36
+35.19%
201.47
Cash Cash Equivalents And Short Term Investments
251.22
-9.71%
278.25
+31.43%
211.71
+32.26%
160.07
Cash And Cash Equivalents
106.97
+151.66%
42.50
-14.15%
49.51
-30.04%
70.77
Other Short Term Investments
144.26
-38.81%
235.75
+45.35%
162.20
+81.64%
89.30
Receivables
64.01
+151.65%
25.43
+22.82%
20.71
+25.49%
16.50
Accounts Receivable
36.87
+51.45%
24.35
+17.56%
20.71
+25.49%
16.50
Taxes Receivable
27.13
+2391.55%
1.09
—
—
Prepaid Assets
15.71
+26.36%
12.43
—
—
Current Deferred Assets
11.17
+12.81%
9.90
—
—
Restricted Cash
7.76
+16.45%
6.67
—
—
Other Current Assets
3.45
+26.63%
2.72
-93.19%
39.94
+60.42%
24.90
Total Non Current Assets
335.65
+15.24%
291.28
+113.34%
136.53
-24.04%
179.75
Net PPE
39.15
-6.68%
41.95
-11.95%
47.65
-3.93%
49.59
Gross PPE
59.31
+1.50%
58.43
-6.82%
62.71
-0.03%
62.73
Accumulated Depreciation
-20.16
-22.32%
-16.48
-9.38%
-15.06
-14.69%
-13.13
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
15.92
-8.86%
17.47
-9.40%
19.29
-17.88%
23.48
Machinery Furniture Equipment
11.22
-5.04%
11.82
-13.87%
13.72
-8.99%
15.08
Construction In Progress
0.02
-94.68%
0.36
-93.51%
5.50
+910.85%
0.54
Leases
32.14
+11.66%
28.79
+18.92%
24.21
+2.47%
23.62
Goodwill And Other Intangible Assets
146.56
-8.91%
160.90
+101.17%
79.98
-16.87%
96.21
Goodwill
96.41
+0.00%
96.41
+71.98%
56.06
+0.00%
56.06
Other Intangible Assets
50.15
-22.23%
64.49
+169.60%
23.92
-40.42%
40.15
Investments And Advances
77.03
+3689.13%
2.03
0.00
-100.00%
25.16
Non Current Deferred Assets
58.82
-23.52%
76.91
0.00
—
Non Current Deferred Taxes Assets
58.82
-23.52%
76.91
0.00
—
Other Non Current Assets
14.09
+48.54%
9.48
+6.47%
8.91
+1.38%
8.79
Total Liabilities Net Minority Interest
146.39
+36.32%
107.39
-3.75%
111.58
-3.54%
115.67
Current Liabilities
106.85
+68.85%
63.28
-9.30%
69.77
+13.73%
61.34
Payables And Accrued Expenses
41.43
+37.63%
30.10
-29.24%
42.54
+11.51%
38.15
Payables
4.12
+73.38%
2.38
+108.41%
1.14
-53.86%
2.47
Accounts Payable
4.12
+73.38%
2.38
+108.41%
1.14
-53.86%
2.47
Current Accrued Expenses
37.30
+34.56%
27.72
-33.03%
41.40
+16.04%
35.67
Employee Benefits
—
—
—
—
Pensionand Other Post Retirement Benefit Plans Current
43.30
+153.32%
17.09
+7.54%
15.89
+11.12%
14.30
Total Tax Payable
—
—
—
—
Income Tax Payable
—
—
—
—
Current Debt And Capital Lease Obligation
4.87
+14.04%
4.27
+17.84%
3.63
+8.01%
3.36
Current Capital Lease Obligation
4.87
+14.04%
4.27
+17.84%
3.63
+8.01%
3.36
Current Deferred Liabilities
—
—
—
—
Current Deferred Revenue
—
—
—
—
Other Current Liabilities
10.62
+34.30%
7.91
+123.65%
3.54
+23.13%
2.87
Total Non Current Liabilities Net Minority Interest
39.54
-10.35%
44.11
+5.49%
41.81
-23.04%
54.33
Long Term Debt And Capital Lease Obligation
33.29
-11.18%
37.48
-8.85%
41.11
-18.16%
50.24
Long Term Capital Lease Obligation
33.29
-11.18%
37.48
-8.85%
41.11
-18.16%
50.24
Non Current Deferred Liabilities
—
0.00
-100.00%
0.70
—
Non Current Deferred Taxes Liabilities
—
0.00
-100.00%
0.70
—
Other Non Current Liabilities
6.25
-5.70%
6.63
+851.51%
0.70
-82.96%
4.09
Stockholders Equity
542.58
+4.48%
519.29
+74.66%
297.31
+11.96%
265.55
Common Stock Equity
542.58
+4.48%
519.29
+74.66%
297.31
+11.96%
265.55
Capital Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Common Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
37.10
+0.75%
36.82
+1.48%
36.28
+1.54%
35.73
Ordinary Shares Number
35.99
-1.14%
36.40
+1.50%
35.87
+1.56%
35.31
Treasury Shares Number
1.11
+164.44%
0.42
+0.00%
0.42
+0.00%
0.42
Additional Paid In Capital
284.05
+11.47%
254.82
+7.53%
236.99
+13.01%
209.70
Retained Earnings
430.97
+48.59%
290.05
+237.34%
85.98
+3.24%
83.28
Gains Losses Not Affecting Retained Earnings
0.03
-82.66%
0.17
+74.75%
0.10
+105.88%
-1.68
Treasury Stock
172.48
+569.67%
25.76
+0.00%
25.76
+0.00%
25.76
Other Equity Adjustments
0.03
-82.66%
0.17
+74.75%
0.10
+105.88%
-1.68
Total Equity Gross Minority Interest
542.58
+4.48%
519.29
+74.66%
297.31
+11.96%
265.55
Total Capitalization
542.58
+4.48%
519.29
+74.66%
297.31
+11.96%
265.55
Working Capital
246.47
-9.43%
272.12
+34.32%
202.59
+44.58%
140.12
Invested Capital
542.58
+4.48%
519.29
+74.66%
297.31
+11.96%
265.55
Total Debt
38.16
-8.60%
41.75
-6.69%
44.74
-16.52%
53.59
Capital Lease Obligations
38.16
-8.60%
41.75
-6.69%
44.74
-16.52%
53.59
Net Tangible Assets
396.02
+10.50%
358.39
+64.91%
217.33
+28.34%
169.34
Tangible Book Value
396.02
+10.50%
358.39
+64.91%
217.33
+28.34%
169.34
Available For Sale Securities
77.03
+3689.13%
2.03
—
25.16
Current Provisions
6.63
+69.65%
3.91
-6.37%
4.17
+56.62%
2.67
Investmentin Financial Assets
77.03
+3689.13%
2.03
0.00
-100.00%
25.16
Non Current Accrued Expenses
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
242.10
+28.67%
188.16
+212.13%
60.28
+137.66%
25.36
Cash Flow From Continuing Operating Activities
242.10
+28.67%
188.16
+212.13%
60.28
+137.66%
25.36
Net Income From Continuing Operations
140.92
-30.94%
204.07
+7452.48%
2.70
+103.97%
-68.12
Depreciation Amortization Depletion
24.87
+15.29%
21.57
-30.68%
31.12
-8.49%
34.01
Depreciation
24.87
+15.29%
21.57
-30.68%
31.12
-8.49%
34.01
Depreciation And Amortization
24.87
+15.29%
21.57
-30.68%
31.12
-8.49%
34.01
Other Non Cash Items
9.00
+409.69%
1.76
-16.98%
2.13
+1474.81%
0.14
Stock Based Compensation
70.79
+17.34%
60.33
+15.21%
52.36
+21.12%
43.23
Asset Impairment Charge
—
0.00
0.00
-100.00%
22.02
Deferred Tax
18.14
+123.58%
-76.94
-15601.43%
-0.49
+50.65%
-0.99
Deferred Income Tax
18.14
+123.58%
-76.94
-15601.43%
-0.49
+50.65%
-0.99
Operating Gains Losses
—
—
—
-4.16
Change In Working Capital
-21.61
+4.52%
-22.64
+17.80%
-27.54
-3499.87%
-0.77
Change In Receivables
-12.53
-270.29%
-3.38
+19.57%
-4.21
-0.19%
-4.20
Changes In Account Receivables
-12.53
-270.29%
-3.38
+19.57%
-4.21
-0.19%
-4.20
Change In Prepaid Assets
-21.45
-266.04%
-5.86
+74.53%
-23.01
-216.00%
-7.28
Change In Payables And Accrued Expense
16.62
+262.11%
-10.25
-570.54%
2.18
-83.54%
13.24
Change In Accrued Expense
14.85
+225.75%
-11.81
-415.49%
3.74
-68.96%
12.06
Change In Payable
1.77
+13.34%
1.56
+199.62%
-1.56
-233.08%
1.18
Change In Account Payable
1.77
+13.34%
1.56
+199.62%
-1.56
-233.08%
1.18
Change In Other Working Capital
—
—
—
—
Change In Other Current Assets
—
—
—
-1.88
Change In Other Current Liabilities
-4.26
-35.63%
-3.14
-25.52%
-2.50
+0.79%
-2.52
Investing Cash Flow
10.24
+106.75%
-151.76
-173.04%
-55.58
-759.60%
-6.47
Cash Flow From Continuing Investing Activities
10.24
+106.75%
-151.76
-173.04%
-55.58
-759.60%
-6.47
Net PPE Purchase And Sale
-3.15
-56.50%
-2.02
+77.70%
-9.04
-38.24%
-6.54
Purchase Of PPE
-3.15
-56.50%
-2.02
+77.70%
-9.04
-38.24%
-6.54
Capital Expenditure
-6.59
+8.22%
-7.19
+48.18%
-13.87
+34.68%
-21.23
Capital Expenditure Reported
-3.44
+33.46%
-5.17
-7.15%
-4.83
+67.15%
-14.69
Net Investment Purchase And Sale
17.75
+126.42%
-67.15
-58.59%
-42.34
-541.19%
9.60
Purchase Of Investment
-303.89
+4.19%
-317.17
-62.04%
-195.74
-146.90%
-79.28
Sale Of Investment
321.63
+28.64%
250.02
+62.99%
153.40
+72.59%
88.88
Net Business Purchase And Sale
-0.91
+98.83%
-77.42
-12408.59%
0.63
-87.82%
5.16
Purchase Of Business
-0.91
+98.83%
-77.42
0.00
0.00
Gain Loss On Sale Of Business
—
0.00
0.00
+100.00%
-4.16
Financing Cash Flow
-187.89
-332.89%
-43.40
-67.19%
-25.96
-321.24%
-6.16
Cash Flow From Continuing Financing Activities
-187.89
-332.89%
-43.40
-67.19%
-25.96
-321.24%
-6.16
Net Issuance Payments Of Debt
—
—
—
0.00
Issuance Of Debt
—
—
—
0.00
Repayment Of Debt
—
—
—
0.00
Long Term Debt Issuance
—
—
—
0.00
Long Term Debt Payments
—
—
—
0.00
Net Long Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
-144.77
0.00
0.00
0.00
Common Stock Payments
-145.72
0.00
0.00
0.00
Repurchase Of Capital Stock
-145.72
0.00
0.00
0.00
Proceeds From Stock Option Exercised
0.13
-96.59%
3.92
+51.21%
2.60
-42.00%
4.47
Net Other Financing Charges
-43.25
+8.62%
-47.33
-65.73%
-28.56
-168.46%
-10.64
Changes In Cash
64.46
+1020.24%
-7.00
+67.05%
-21.26
-266.93%
12.74
Beginning Cash Position
42.75
-14.08%
49.76
-29.94%
71.02
+21.85%
58.28
End Cash Position
107.22
+150.78%
42.75
-14.08%
49.76
-29.94%
71.02
Free Cash Flow
235.51
+30.14%
180.97
+289.89%
46.42
+1022.00%
4.14
Interest Paid Supplemental Data
—
—
8.09
0.00
Income Tax Paid Supplemental Data
28.84
+105.68%
14.02
+73.41%
8.09
+142.24%
3.34
Change In Income Tax Payable
—
—
—
—
Change In Tax Payable
—
—
—
—
Common Stock Issuance
0.95
0.00
0.00
—
Earnings Losses From Equity Investments
—
—
0.00
+100.00%
-0.04
Issuance Of Capital Stock
0.95
0.00
0.00
—
Sale Of Business
—
0.00
-100.00%
0.63
-87.82%
5.16
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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