AppFolio (APPF) Financials

$209.32 -0.10 (-0.05%)

Closing price 04:00 PM Eastern

Extended Trading

$210.88 +1.57 (+0.75%)

As of 04:45 PM Eastern

Annual Income Statements for AppFolio

This table shows AppFolio's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	204	2.70	-68	1.03	158	36	20	9.72	-8.28	-16
Consolidated Net Income / (Loss)	204	2.70	-68	1.03	158	36	20	9.72	-8.28	-16
Net Income / (Loss) Continuing Operations	204	2.70	-68	1.03	158	36	20	9.72	-8.28	-16
Total Pre-Tax Income	150	8.00	-67	1.73	197	4.82	20	9.77	-8.21	-16
Total Operating Income	136	0.96	-72	-12	9.78	6.46	20	9.34	-8.42	-15
Total Gross Profit	794	620	472	359	310	154	117	89	61	41
Total Revenue	794	620	472	359	310	256	190	144	106	75
Operating Revenue	794	620	472	359	310	256	190	144	106	75
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00	102	74	55	45	34
Total Operating Expenses	659	619	544	371	300	148	97	79	69	56
Selling, General & Admin Expense	86	93	101	57	47	34	25	21	18	14
Marketing Expense	111	108	107	73	58	52	33	29	29	26
Research & Development Expense	160	151	111	66	49	40	24	17	13	9.55
Depreciation Expense	20	29	33	31	27	22	15	13	9.94	6.10
Other Operating Expenses / (Income)	282	238	192	144	119	-	-	-	-	-
Total Other Income / (Expense), net	15	7.03	5.65	14	187	-1.64	0.73	0.44	0.21	-0.59
Interest & Investment Income	14	7.03	1.18	-	-	-	-	-	-	-
Other Income / (Expense), net	0.70	0.00	4.47	13	189	0.02	-0.06	-0.10	-0.04	0.01
Income Tax Expense	-54	5.30	1.40	0.71	38	-31	0.42	0.06	0.07	0.08
Basic Earnings per Share	$5.63	$0.08	($1.95)	$0.03	$4.62	$1.07	$0.59	$0.29	($0.25)	($0.73)
Weighted Average Basic Shares Outstanding	36.25M	35.63M	35.01M	34.58M	34.26M	34.02M	34.13M	33.85M	33.56M	21.34M
Diluted Earnings per Share	$5.55	$0.07	($1.95)	$0.03	$4.44	$1.02	$0.56	$0.28	($0.25)	($0.73)
Weighted Average Diluted Shares Outstanding	36.78M	36.42M	35.01M	35.70M	35.71M	35.57M	35.56M	35.15M	33.56M	21.34M
Weighted Average Basic & Diluted Shares Outstanding	36.40M	35.87M	35.40M	34.84M	34.40M	34.16M	43.40M	33.50M	33.10M	21.34M

This table shows AppFolio's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	31	103	33	30	39	30	26	-19	-35	-20	-4.16
Consolidated Net Income / (Loss)	31	103	33	30	39	30	26	-19	-35	-20	-4.16
Net Income / (Loss) Continuing Operations	31	103	33	30	39	30	26	-19	-35	-20	-4.16
Total Pre-Tax Income	37	27	47	40	37	31	1.47	0.75	-25	-19	-3.22
Total Operating Income	34	23	43	36	34	28	-0.07	-0.68	-27	-20	-7.82
Total Gross Profit	218	204	206	197	187	172	165	147	136	124	125
Total Revenue	218	204	206	197	187	172	165	147	136	124	125
Operating Revenue	218	204	206	197	187	172	165	147	136	124	125
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	184	181	163	161	153	144	166	148	163	144	133
Selling, General & Admin Expense	23	23	21	20	21	19	24	19	32	25	19
Marketing Expense	31	33	25	27	24	22	30	27	29	30	26
Research & Development Expense	44	42	41	40	38	35	42	37	38	31	29
Depreciation Expense	6.26	5.34	4.33	4.67	5.21	6.93	7.57	6.82	7.67	8.14	8.24
Other Operating Expenses / (Income)	79	76	72	70	65	61	63	58	56	50	51
Total Other Income / (Expense), net	3.01	4.20	4.01	3.48	2.99	2.69	1.54	1.42	1.38	0.77	4.60
Interest & Investment Income	2.95	-	4.01	3.48	-	-	1.79	1.48	-	-	-
Other Income / (Expense), net	0.06	0.70	0.00	0.00	0.00	0.29	-0.25	-0.05	0.02	0.21	4.22
Income Tax Expense	5.41	-76	14	9.84	-1.58	0.66	-25	20	9.96	0.51	0.94
Basic Earnings per Share	$0.86	$2.83	$0.91	$0.82	$1.07	$0.86	$0.74	($0.53)	($0.99)	($0.56)	($0.12)
Weighted Average Basic Shares Outstanding	36.30M	36.25M	36.31M	36.24M	36.09M	35.63M	35.69M	35.57M	35.44M	35.01M	35.04M
Diluted Earnings per Share	$0.86	$2.79	$0.90	$0.81	$1.05	$0.87	$0.72	($0.53)	($0.99)	($0.56)	($0.12)
Weighted Average Diluted Shares Outstanding	36.65M	36.78M	36.76M	36.74M	36.67M	36.42M	36.48M	35.57M	35.44M	35.01M	35.04M
Weighted Average Basic & Diluted Shares Outstanding	36.03M	36.40M	36.33M	36.27M	36.21M	35.87M	35.76M	35.64M	35.49M	35.40M	35.16M

This table details how cash moves in and out of AppFolio's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-7.01	-21	13	-82	124	-58	58	5.41	-1.36	6.65
Net Cash From Operating Activities	188	60	25	35	48	39	36	29	12	-6.84
Net Cash From Continuing Operating Activities	188	60	25	35	48	39	36	29	12	-6.84
Net Income / (Loss) Continuing Operations	204	2.70	-68	1.03	158	36	20	9.72	-8.28	-16
Consolidated Net Income / (Loss)	204	2.70	-68	1.03	158	36	20	9.72	-8.28	-16
Depreciation Expense	18	27	31	29	26	22	15	13	9.94	6.10
Amortization Expense	2.03	2.13	3.19	3.20	3.70	4.13	0.00	0.00	0.31	0.46
Non-Cash Adjustments To Reconcile Net Income	51	45	59	5.77	-178	5.44	6.56	6.22	4.50	0.21
Changes in Operating Assets and Liabilities, net	-86	-16	0.77	-3.64	38	-29	-4.84	0.74	5.04	2.06
Net Cash From Investing Activities	-152	-56	-6.47	-110	147	-90	-4.64	-23	-13	-59
Net Cash From Continuing Investing Activities	-152	-56	-6.47	-110	147	-90	-4.64	-23	-13	-59
Purchase of Property, Plant & Equipment	-7.19	-14	-21	-33	-45	-29	-14	-13	-15	-11
Acquisitions	-77	0.00	0.00	-	-	-54	-14	0.00	-0.00	-4.06
Purchase of Investments	-317	-196	-79	-241	-44	-25	-30	-27	-32	-74
Divestitures	0.00	0.63	5.16	13	191	0.00	0.00	-	-	-
Sale and/or Maturity of Investments	250	153	89	151	44	18	54	16	34	30
Net Cash From Financing Activities	-43	-26	-6.16	-7.35	-70	-7.27	26	-1.13	0.20	73
Net Cash From Continuing Financing Activities	-43	-26	-6.16	-7.35	-70	-7.27	26	-1.13	0.20	73
Other Financing Activities, net	-43	-26	-6.16	-7.35	-17	-5.60	-2.09	-1.13	0.24	-1.86
Cash Income Taxes Paid	14	8.09	3.34	9.32	0.09	0.55	0.08	0.03	0.03	0.09

This table details how cash moves in and out of AppFolio's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	14	-20	2.78	0.43	9.71	-10	35	-79	33	3.54	25
Net Cash From Operating Activities	38	37	58	51	43	31	37	-9.23	1.57	6.08	16
Net Cash From Continuing Operating Activities	38	37	58	51	43	31	37	-9.23	1.57	6.08	16
Net Income / (Loss) Continuing Operations	31	103	33	30	39	30	26	-19	-35	-20	-4.16
Consolidated Net Income / (Loss)	31	103	33	30	39	30	26	-19	-35	-20	-4.16
Depreciation Expense	6.26	4.99	3.91	4.20	4.69	6.39	6.98	6.20	6.94	7.53	7.66
Amortization Expense	3.22	0.49	0.49	0.53	0.52	0.51	0.51	0.54	0.57	0.69	0.69
Non-Cash Adjustments To Reconcile Net Income	14	11	16	12	12	12	17	5.06	11	15	6.73
Changes in Operating Assets and Liabilities, net	-17	-83	4.64	4.33	-13	-18	-14	-2.12	18	2.55	5.09
Net Cash From Investing Activities	81	-44	-46	-38	-23	-33	4.31	-63	36	-1.38	8.61
Net Cash From Continuing Investing Activities	81	-44	-46	-38	-23	-33	4.31	-63	36	-1.38	8.61
Purchase of Property, Plant & Equipment	-0.87	-1.25	-1.95	-1.44	-2.55	-4.54	-5.00	-2.36	-1.96	-4.82	-4.12
Acquisitions	-0.91	-	-	-	-	-	-	-	-	-	-
Purchase of Investments	-62	-52	-114	-94	-57	-87	-35	-72	-1.29	-8.89	-25
Sale and/or Maturity of Investments	145	86	69	58	37	58	45	12	39	12	33
Net Cash From Financing Activities	-105	-12	-8.57	-12	-10	-8.38	-5.83	-7.05	-4.71	-1.16	-0.01
Net Cash From Continuing Financing Activities	-105	-12	-8.57	-12	-10	-8.38	-5.83	-7.05	-4.71	-1.16	-0.01
Repurchase of Common Equity	-96	-	-	-	-	-	-	-	-	-	-
Other Financing Activities, net	-9.07	-12	-8.57	-12	-10	-8.38	-5.83	-7.05	-4.71	-1.16	-0.01

This table presents AppFolio's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	627	409	381	408	389	260	176	110	93	90
Total Current Assets	335	272	201	159	199	62	108	54	32	28
Cash & Equivalents	43	50	71	58	140	16	74	16	11	12
Short-Term Investments	236	162	89	65	28	23	17	30	15	10
Accounts Receivable	24	21	17	13	10	7.56	5.52	3.39	2.51	2.05
Prepaid Expenses	33	40	25	24	21	16	12	4.55	3.54	3.16
Plant, Property, & Equipment, net	24	28	26	30	26	15	6.87	6.70	7.08	6.11
Total Noncurrent Assets	267	108	154	219	164	184	61	50	53	57
Goodwill	96	56	56	56	56	58	16	6.74	6.74	6.74
Intangible Assets	64	24	40	53	52	51	26	19	19	15
Noncurrent Deferred & Refundable Income Taxes	77	0.00	-	-	12	28	0.00	-	-	-
Other Noncurrent Operating Assets	29	28	57	110	37	34	7.69	1.24	1.22	1.18
Total Liabilities & Shareholders' Equity	627	409	381	408	389	260	176	110	93	90
Total Liabilities	107	112	116	111	104	128	84	25	23	18
Total Current Liabilities	63	70	61	53	50	47	28	24	21	17
Accounts Payable	2.38	1.14	2.47	1.70	1.04	1.93	1.48	0.61	0.94	2.37
Accrued Expenses	15	22	16	13	14	11	8.28	4.29	4.04	3.34
Current Employee Benefit Liabilities	30	36	34	30	19	18	12	11	7.55	5.16
Other Current Liabilities	16	11	8.89	7.59	4.45	11	1.45	1.22	1.19	1.08
Total Noncurrent Liabilities	44	42	54	58	54	81	56	1.26	1.54	0.88
Capital Lease Obligations	37	-	-	-	-	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	0.70	-	-	14	0.00	-	-	-	-
Other Noncurrent Operating Liabilities	6.63	41	54	58	40	33	7.08	1.26	1.54	0.88
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	519	297	266	297	286	132	92	85	70	73
Total Preferred & Common Equity	519	297	266	297	286	132	92	85	70	73
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	519	297	266	297	286	132	92	85	70	73
Common Stock	255	237	210	172	161	162	158	153	147	142
Retained Earnings	290	86	83	151	150	-8.03	-44	-67	-77	-69
Treasury Stock	-26	-26	-26	-26	-26	-22	-22	0.00	-	-
Accumulated Other Comprehensive Income / (Loss)	0.17	0.10	-1.68	-0.19	0.06	0.03	-0.18	-0.21	-0.05	-0.15

This table presents AppFolio's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	565	523	479	439	379	351	371	385
Total Current Assets	272	395	349	307	240	209	212	177
Cash & Equivalents	57	62	60	59	60	25	104	67
Short-Term Investments	154	269	222	184	132	139	65	72
Accounts Receivable	27	26	26	26	20	20	17	15
Prepaid Expenses	34	38	42	37	28	25	26	23
Plant, Property, & Equipment, net	23	25	27	28	27	27	26	28
Total Noncurrent Assets	269	103	104	104	112	115	133	180
Goodwill	96	56	56	56	56	56	56	56
Intangible Assets	60	16	17	19	27	30	35	42
Noncurrent Deferred & Refundable Income Taxes	82	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	30	30	30	29	29	29	42	37
Total Liabilities & Shareholders' Equity	565	523	479	439	379	351	371	385
Total Liabilities	103	110	108	100	116	125	130	113
Total Current Liabilities	59	64	63	56	74	75	80	58
Accounts Payable	4.93	0.51	1.26	1.53	1.35	1.53	0.74	1.51
Accrued Expenses	16	15	16	14	20	19	18	16
Current Employee Benefit Liabilities	22	34	32	29	42	31	47	29
Other Current Liabilities	16	15	14	12	11	9.69	14	11
Total Noncurrent Liabilities	44	47	45	44	42	51	50	55
Other Noncurrent Operating Liabilities	44	47	45	44	42	51	50	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	462	413	371	339	263	226	241	272
Total Preferred & Common Equity	462	413	371	339	263	226	241	272
Total Common Equity	462	413	371	339	263	226	241	272
Common Stock	262	251	243	240	233	223	219	197
Retained Earnings	321	187	154	125	56	29	48	103
Treasury Stock	-122	-26	-26	-26	-26	-26	-26	-26
Accumulated Other Comprehensive Income / (Loss)	-0.03	0.48	-0.18	-0.12	-0.01	-0.59	-0.92	-2.55

This table displays calculated financial ratios and metrics derived from AppFolio's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.01%	31.48%	31.31%	15.90%	21.11%	34.69%	32.17%	36.20%	40.82%	57.28%
EBITDA Growth	427.61%	187.33%	-201.29%	-85.32%	606.72%	-5.65%	55.78%	1,130.40%	121.13%	-73.09%
EBIT Growth	14,013.98%	101.42%	-5,606.97%	-99.38%	2,967.47%	-66.95%	112.14%	209.21%	43.59%	-72.79%
NOPAT Growth	56,493.74%	100.64%	-619.40%	-189.44%	-83.80%	152.48%	107.46%	257.39%	43.86%	-75.29%
Net Income Growth	7,452.48%	103.97%	-6,726.36%	-99.35%	336.59%	81.71%	105.51%	217.33%	47.15%	-81.74%
EPS Growth	7,828.57%	103.59%	-6,600.00%	-99.32%	335.29%	82.14%	100.00%	212.00%	65.75%	25.51%
Operating Cash Flow Growth	212.13%	137.66%	-28.33%	-26.73%	24.20%	7.22%	23.48%	155.40%	268.03%	-1,540.84%
Free Cash Flow Firm Growth	-143.41%	7.47%	126.34%	-364.27%	165.13%	-1,027.07%	-139.41%	238.55%	66.65%	-64.49%
Invested Capital Growth	225.34%	-18.84%	-39.70%	58.12%	-14.74%	226.86%	136.73%	-0.32%	5.26%	154.21%
Revenue Q/Q Growth	4.18%	8.34%	6.42%	6.89%	1.66%	7.11%	7.02%	7.38%	7.77%	0.00%
EBITDA Q/Q Growth	-3.87%	270.58%	-279.51%	34.42%	-0.82%	0.95%	2.22%	23.03%	216.69%	0.00%
EBIT Q/Q Growth	-3.45%	102.04%	-57.55%	122.64%	-0.89%	-27.75%	1.43%	66.17%	23.92%	0.00%
NOPAT Q/Q Growth	53.00%	100.98%	-21.10%	-38.03%	-24.32%	21.11%	0.59%	67.21%	24.11%	0.00%
Net Income Q/Q Growth	55.06%	105.72%	-36.92%	-44.31%	-3.02%	5.16%	0.36%	66.09%	23.90%	0.00%
EPS Q/Q Growth	52.89%	105.15%	-36.36%	-40.00%	-3.06%	5.15%	-1.75%	75.00%	-733.33%	0.00%
Operating Cash Flow Q/Q Growth	2.95%	71.35%	-10.10%	19.80%	-20.42%	10.85%	11.88%	3.66%	595.70%	-49.37%
Free Cash Flow Firm Q/Q Growth	-107.97%	220.46%	356.76%	-192.74%	-26.77%	10.01%	45.27%	11.22%	0.00%	0.00%
Invested Capital Q/Q Growth	241.91%	20.35%	20.66%	43.47%	7.76%	0.49%	-7.54%	-1.80%	-15.54%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	60.30%	61.30%	61.56%	57.73%	54.78%
EBITDA Margin	19.66%	4.77%	-7.18%	9.31%	73.50%	12.60%	17.98%	15.26%	1.69%	-11.25%
Operating Margin	17.08%	0.16%	-15.34%	-3.31%	3.16%	2.52%	10.34%	6.49%	-7.98%	-20.01%
EBIT Margin	17.17%	0.16%	-14.39%	0.34%	64.08%	2.53%	10.31%	6.42%	-8.01%	-20.00%
Profit (Net Income) Margin	25.69%	0.44%	-14.44%	0.29%	51.09%	14.17%	10.51%	6.76%	-7.84%	-20.90%
Tax Burden Percent	135.75%	33.79%	102.10%	59.28%	80.48%	752.27%	97.94%	99.41%	100.82%	100.48%
Interest Burden Percent	110.25%	827.85%	98.26%	140.63%	99.07%	74.46%	104.02%	105.79%	97.09%	103.97%
Effective Tax Rate	-35.75%	66.21%	0.00%	40.72%	19.52%	-652.27%	2.06%	0.59%	0.00%	0.00%
Return on Invested Capital (ROIC)	101.14%	0.34%	-36.13%	-4.93%	6.55%	57.37%	68.19%	55.25%	-35.95%	-94.32%
ROIC Less NNEP Spread (ROIC-NNEP)	92.34%	-0.94%	-23.77%	-10.35%	-163.08%	102.72%	67.00%	54.53%	-31.59%	-77.69%
Return on Net Nonoperating Assets (RNNOA)	-51.16%	0.62%	11.93%	5.28%	69.26%	-24.94%	-45.61%	-42.69%	24.32%	57.19%
Return on Equity (ROE)	49.98%	0.96%	-24.20%	0.35%	75.81%	32.42%	22.57%	12.56%	-11.63%	-37.13%
Cash Return on Invested Capital (CROIC)	-4.82%	21.14%	13.41%	-49.97%	22.46%	-48.93%	-13.03%	55.57%	-41.07%	-181.39%
Operating Return on Assets (OROA)	26.33%	0.24%	-17.21%	0.31%	61.17%	2.97%	13.71%	9.11%	-9.24%	-25.88%
Return on Assets (ROA)	39.41%	0.68%	-17.26%	0.26%	48.77%	16.65%	13.96%	9.58%	-9.05%	-27.03%
Return on Common Equity (ROCE)	49.98%	0.96%	-24.20%	0.35%	75.81%	32.42%	22.57%	12.56%	-11.63%	-9.34%
Return on Equity Simple (ROE_SIMPLE)	39.30%	0.91%	-25.65%	0.35%	55.40%	27.50%	21.74%	11.42%	-11.88%	-21.55%
Net Operating Profit after Tax (NOPAT)	184	0.33	-51	-7.04	7.87	49	19	9.28	-5.90	-11
NOPAT Margin	23.19%	0.05%	-10.74%	-1.96%	2.54%	18.99%	10.13%	6.45%	-5.58%	-14.01%
Net Nonoperating Expense Percent (NNEP)	8.81%	1.28%	-12.36%	5.42%	169.63%	-45.35%	1.19%	0.72%	-4.35%	-16.63%
Return On Investment Capital (ROIC_SIMPLE)	33.07%	0.11%	-19.08%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	39.70%	38.70%	38.44%	42.27%	45.22%
SG&A Expenses to Revenue	10.83%	15.06%	21.36%	15.94%	15.31%	13.47%	13.10%	14.74%	17.03%	19.13%
R&D to Revenue	20.19%	24.40%	23.55%	18.36%	15.65%	15.43%	12.69%	11.53%	11.97%	12.74%
Operating Expenses to Revenue	82.92%	99.84%	115.34%	103.31%	96.84%	57.77%	50.96%	55.06%	65.71%	74.79%
Earnings before Interest and Taxes (EBIT)	136	0.97	-68	1.23	199	6.48	20	9.24	-8.46	-15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	156	30	-34	33	228	32	34	22	1.78	-8.44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	17.26	20.84	13.95	14.11	21.62	28.38	22.08	16.56	11.53	6.73
Price to Tangible Book Value (P/TBV)	25.01	28.51	21.88	22.29	34.73	169.27	40.63	23.87	18.14	9.52
Price to Revenue (P/Rev)	11.29	9.99	7.85	11.68	19.93	14.63	10.67	9.80	7.61	6.53
Price to Earnings (P/E)	43.93	2,292.90	0.00	4,082.59	39.02	103.22	101.58	145.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.28%	0.04%	0.00%	0.02%	2.56%	0.97%	0.98%	0.69%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	31.32	69.90	33.61	23.29	54.28	28.85	49.78	79.94	44.63	27.08
Enterprise Value to Revenue (EV/Rev)	10.98	9.64	7.51	11.34	19.37	14.62	10.40	9.32	7.11	5.77
Enterprise Value to EBITDA (EV/EBITDA)	55.86	202.17	0.00	121.76	26.35	116.07	57.82	61.10	421.09	0.00
Enterprise Value to EBIT (EV/EBIT)	63.98	6,194.33	0.00	3,304.50	30.23	577.88	100.82	145.09	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	47.37	18,390.22	0.00	0.00	762.75	77.01	102.65	144.46	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	46.36	99.26	139.77	115.13	124.33	96.25	54.49	45.64	65.29	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	296.25	188.63	0.00	222.44	0.00	0.00	143.64	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.00	0.00	0.00	0.00	0.37	0.54	0.00	0.00	0.00
Long-Term Debt to Equity	0.07	0.00	0.00	0.00	0.00	0.36	0.53	0.00	0.00	0.00
Financial Leverage	-0.55	-0.66	-0.50	-0.51	-0.42	-0.24	-0.68	-0.78	-0.77	-0.74
Leverage Ratio	1.27	1.40	1.40	1.37	1.55	1.95	1.62	1.31	1.29	1.37
Compound Leverage Factor	1.40	11.62	1.38	1.92	1.54	1.45	1.68	1.39	1.25	1.43
Debt to Total Capital	6.73%	0.00%	0.00%	0.00%	0.00%	26.91%	35.16%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.67%	0.86%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	6.73%	0.00%	0.00%	0.00%	0.00%	26.24%	34.31%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.27%	100.00%	100.00%	100.00%	100.00%	73.09%	64.84%	100.00%	100.00%	100.00%
Debt to EBITDA	0.24	0.00	0.00	0.00	0.00	1.51	1.46	0.00	0.00	0.00
Net Debt to EBITDA	-1.54	0.00	0.00	0.00	0.00	-0.07	-1.53	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.24	0.00	0.00	0.00	0.00	1.47	1.42	0.00	0.00	0.00
Debt to NOPAT	0.20	0.00	0.00	0.00	0.00	1.00	2.59	0.00	0.00	0.00
Net Debt to NOPAT	-1.31	0.00	0.00	0.00	0.00	-0.05	-2.71	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.20	0.00	0.00	0.00	0.00	0.97	2.52	0.00	0.00	0.00
Altman Z-Score	53.24	35.73	20.62	24.48	39.29	18.62	16.15	34.64	20.87	15.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	74.84%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.30	3.90	3.28	3.01	4.00	1.30	3.83	2.25	1.51	1.63
Quick Ratio	4.78	3.33	2.88	2.57	3.59	0.97	3.41	2.06	1.34	1.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8.77	20	19	-71	27	-41	-3.68	9.33	-6.74	-20
Operating Cash Flow to CapEx	2,618.41%	434.75%	119.49%	108.17%	107.14%	133.72%	251.76%	231.83%	74.64%	-60.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	14.60	-25.06	0.00	0.00	0.00	-33.94
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	26.12	23.51	0.00	0.00	0.00	-11.50
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	1.74	5.93	0.00	0.00	0.00	-30.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.53	1.57	1.20	0.90	0.95	1.17	1.33	1.42	1.15	1.29
Accounts Receivable Turnover	35.25	33.35	32.43	31.73	35.20	39.15	42.70	48.76	46.32	46.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	30.06	22.78	16.68	12.63	15.06	23.69	28.02	20.88	16.02	17.18
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	59.65	70.35	71.47	27.00	15.21
Days Sales Outstanding (DSO)	10.35	10.95	11.25	11.50	10.37	9.32	8.55	7.49	7.88	7.88
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	6.12	5.19	5.11	13.52	23.99
Cash Conversion Cycle (CCC)	10.35	10.95	11.25	11.50	10.37	3.20	3.36	2.38	-5.64	-16.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	279	86	105	175	111	130	40	17	17	16
Invested Capital Turnover	4.36	6.49	3.37	2.52	2.58	3.02	6.73	8.56	6.44	6.73
Increase / (Decrease) in Invested Capital	193	-20	-69	64	-19	90	23	-0.05	0.84	9.70
Enterprise Value (EV)	8,723	5,984	3,545	4,074	6,005	3,743	1,976	1,340	751	433
Market Capitalization	8,964	6,195	3,705	4,197	6,180	3,745	2,028	1,409	804	490
Book Value per Share	$14.29	$8.31	$7.55	$8.58	$8.33	$3.87	$2.68	$2.51	$2.07	$2.17
Tangible Book Value per Share	$9.86	$6.08	$4.82	$5.43	$5.18	$0.65	$1.46	$1.74	$1.31	$1.53
Total Capital	557	297	266	297	286	181	142	85	70	73
Total Debt	37	0.00	0.00	0.00	0.00	49	50	0.00	0.00	0.00
Total Long-Term Debt	37	0.00	0.00	0.00	0.00	47	49	0.00	0.00	0.00
Net Debt	-241	-212	-160	-122	-175	-2.20	-52	-68	-53	-57
Capital Expenditures (CapEx)	7.19	14	21	33	45	29	14	13	15	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-6.13	-9.11	-20	-16	-19	-23	-9.71	-16	-15	-12
Debt-free Net Working Capital (DFNWC)	272	203	140	106	150	16	81	30	11	11
Net Working Capital (NWC)	272	203	140	106	150	14	80	30	11	11
Net Nonoperating Expense (NNE)	-20	-2.38	17	-8.07	-151	12	-0.72	-0.44	2.38	5.17
Net Nonoperating Obligations (NNO)	-241	-212	-160	-122	-175	-2.20	-52	-68	-53	-57
Total Depreciation and Amortization (D&A)	20	29	34	32	29	26	15	13	10	6.56
Debt-free, Cash-free Net Working Capital to Revenue	-0.77%	-1.47%	-4.23%	-4.59%	-6.12%	-9.04%	-5.11%	-11.11%	-14.50%	-15.60%
Debt-free Net Working Capital to Revenue	34.26%	32.65%	29.69%	29.48%	48.23%	6.07%	42.61%	20.81%	10.28%	14.14%
Net Working Capital to Revenue	34.26%	32.65%	29.69%	29.48%	48.23%	5.60%	41.98%	20.81%	10.28%	14.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.63	$0.08	($1.95)	$0.03	$4.62	$1.07	$0.59	$0.29	($0.25)	($0.73)
Adjusted Weighted Average Basic Shares Outstanding	36.25M	35.63M	35.01M	34.58M	34.26M	34.02M	34.13M	33.85M	33.74M	33.57M
Adjusted Diluted Earnings per Share	$5.55	$0.07	($1.95)	$0.03	$4.44	$1.02	$0.56	$0.28	($0.25)	($0.73)
Adjusted Weighted Average Diluted Shares Outstanding	36.78M	36.42M	35.01M	35.70M	35.71M	35.57M	35.56M	35.15M	33.74M	33.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.25)	($0.73)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	36.40M	35.87M	35.40M	34.84M	34.40M	34.16M	33.91M	34.07M	33.56M	21.34M
Normalized Net Operating Profit after Tax (NOPAT)	95	0.67	-51	-7.04	7.87	4.52	19	9.28	-5.90	-11
Normalized NOPAT Margin	11.96%	0.11%	-10.74%	-1.96%	2.54%	1.77%	10.13%	6.45%	-5.58%	-14.01%
Pre Tax Income Margin	18.93%	1.29%	-14.14%	0.48%	63.48%	1.88%	10.73%	6.80%	-7.78%	-20.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	107.45	3.92	0.00	0.00	0.00	-25.21
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	4.26	29.39	0.00	0.00	0.00	-17.65
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	83.07	-13.67	0.00	0.00	0.00	-44.32
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-20.12	11.80	0.00	0.00	0.00	-36.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	2.65%	0.00%	107.99%	0.00%	0.00%	-26.89%

This table displays calculated financial ratios and metrics derived from AppFolio's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.15%	18.53%	24.36%	34.20%	37.71%	38.51%	32.27%	25.22%	29.25%	29.77%	30.55%
EBITDA Growth	2.34%	-17.77%	554.79%	578.60%	306.82%	407.37%	51.04%	128.32%	-221.36%	-185.76%	-39.90%
EBIT Growth	-0.74%	-17.07%	13,570.89%	5,015.14%	228.59%	244.51%	91.22%	97.55%	-80.60%	-489.79%	-883.06%
NOPAT Growth	-18.93%	214.30%	2,605.81%	57.05%	291.39%	297.87%	78.01%	182.22%	-80.86%	-870.62%	-60,046.15%
Net Income Growth	-18.83%	239.41%	24.81%	256.95%	210.12%	253.64%	735.39%	36.93%	-145.75%	-1,380.09%	-2,851.77%
EPS Growth	-18.10%	220.69%	25.00%	252.83%	206.06%	255.36%	700.00%	38.37%	-141.46%	-1,300.00%	0.00%
Operating Cash Flow Growth	-10.45%	17.26%	57.17%	651.13%	2,630.71%	412.79%	129.69%	-267.06%	170.10%	-31.92%	1.30%
Free Cash Flow Firm Growth	-1,204.34%	-323.23%	31.45%	-102.00%	-53.65%	-14.38%	-48.04%	749.18%	3,666.76%	188.79%	250.62%
Invested Capital Growth	162.64%	225.34%	14.52%	45.33%	33.59%	-18.84%	-18.64%	-36.12%	-37.70%	-39.70%	-28.30%
Revenue Q/Q Growth	6.89%	-1.01%	4.23%	5.31%	9.08%	3.86%	12.49%	8.06%	9.71%	-0.82%	6.50%
EBITDA Q/Q Growth	48.70%	-37.98%	15.24%	3.69%	10.96%	393.85%	19.43%	131.60%	-64.90%	-342.68%	122.40%
EBIT Q/Q Growth	43.05%	-44.43%	18.15%	5.69%	19.51%	9,126.90%	56.89%	97.24%	-34.30%	-448.61%	87.96%
NOPAT Q/Q Growth	-66.82%	187.98%	11.48%	-23.88%	28.62%	2,395.92%	-106.99%	192.76%	-32.97%	-155.17%	73.88%
Net Income Q/Q Growth	-69.45%	211.26%	11.26%	-23.27%	27.74%	14.46%	239.91%	46.17%	-78.22%	-373.33%	86.11%
EPS Q/Q Growth	-69.18%	210.00%	11.11%	-22.86%	20.69%	20.83%	235.85%	46.46%	-76.79%	-366.67%	86.05%
Operating Cash Flow Q/Q Growth	5.19%	-36.70%	13.57%	18.43%	37.75%	-15.16%	498.23%	-686.78%	-74.13%	-62.00%	189.65%
Free Cash Flow Firm Q/Q Growth	-19.57%	-634.72%	2,001.05%	-109.09%	-75.83%	214.87%	-71.14%	111.01%	-55.35%	91.08%	371.71%
Invested Capital Q/Q Growth	-9.77%	241.91%	-9.57%	-5.86%	11.77%	20.35%	14.76%	-13.46%	-32.10%	20.66%	-9.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	19.90%	14.30%	22.83%	20.65%	20.97%	20.62%	4.34%	4.08%	-13.96%	-9.29%	3.80%
Operating Margin	15.52%	11.27%	20.69%	18.25%	18.19%	16.43%	-0.04%	-0.46%	-19.49%	-16.08%	-6.25%
EBIT Margin	15.54%	11.61%	20.69%	18.25%	18.19%	16.60%	-0.19%	-0.50%	-19.48%	-15.91%	-2.88%
Profit (Net Income) Margin	14.42%	50.44%	16.04%	15.03%	20.63%	17.62%	15.98%	-12.85%	-25.80%	-15.88%	-3.33%
Tax Burden Percent	85.30%	378.34%	70.86%	75.09%	104.26%	97.86%	1,796.54%	-2,537.05%	139.61%	102.67%	129.09%
Interest Burden Percent	108.73%	114.79%	109.43%	109.65%	108.78%	108.43%	-465.82%	-101.64%	94.87%	97.20%	89.61%
Effective Tax Rate	14.70%	-278.34%	29.14%	24.91%	-4.26%	2.14%	-1,696.54%	2,637.05%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	62.90%	186.04%	146.50%	130.18%	152.29%	104.44%	-5.26%	78.42%	-73.52%	-37.89%	-18.54%
ROIC Less NNEP Spread (ROIC-NNEP)	61.77%	179.03%	145.41%	129.01%	150.78%	103.02%	-19.96%	100.19%	-63.87%	-33.83%	-19.28%
Return on Net Nonoperating Assets (RNNOA)	-35.02%	-99.20%	-112.56%	-96.17%	-107.27%	-68.05%	14.04%	-67.74%	41.36%	16.98%	12.12%
Return on Equity (ROE)	27.88%	86.84%	33.94%	34.01%	45.02%	36.39%	8.79%	10.68%	-32.17%	-20.91%	-6.42%
Cash Return on Invested Capital (CROIC)	12.62%	-4.82%	144.21%	111.36%	51.40%	21.14%	-21.15%	-4.32%	-16.74%	13.41%	-6.99%
Operating Return on Assets (OROA)	25.54%	17.82%	34.98%	31.73%	30.19%	26.07%	-0.29%	-0.73%	-25.41%	-19.03%	-3.22%
Return on Assets (ROA)	23.69%	77.37%	27.12%	26.13%	34.24%	27.67%	23.98%	-18.83%	-33.65%	-18.99%	-3.72%
Return on Common Equity (ROCE)	27.88%	86.84%	33.94%	34.01%	45.02%	36.39%	8.79%	10.68%	-32.17%	-20.91%	-6.42%
Return on Equity Simple (ROE_SIMPLE)	42.58%	0.00%	31.88%	33.67%	22.55%	0.00%	-18.00%	-34.46%	-36.97%	0.00%	-18.30%
Net Operating Profit after Tax (NOPAT)	29	87	30	27	36	28	-1.20	17	-19	-14	-5.47
NOPAT Margin	13.24%	42.65%	14.66%	13.71%	18.96%	16.08%	-0.73%	11.71%	-13.65%	-11.26%	-4.38%
Net Nonoperating Expense Percent (NNEP)	1.13%	7.02%	1.09%	1.17%	1.51%	1.42%	14.71%	-21.77%	-9.65%	-4.06%	0.74%
Return On Investment Capital (ROIC_SIMPLE)	6.24%	15.60%	-	-	-	9.30%	-	-	-	-5.26%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	10.73%	11.51%	10.28%	10.26%	11.27%	11.08%	14.45%	12.80%	23.29%	19.78%	15.47%
R&D to Revenue	20.10%	20.77%	19.76%	20.02%	20.22%	20.28%	25.14%	25.34%	27.67%	25.11%	23.15%
Operating Expenses to Revenue	84.48%	88.73%	79.31%	81.75%	81.81%	83.57%	100.04%	100.46%	119.49%	116.08%	106.25%
Earnings before Interest and Taxes (EBIT)	34	24	43	36	34	29	-0.32	-0.73	-27	-20	-3.60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	43	29	47	41	39	35	7.17	6.01	-19	-12	4.75
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	17.32	17.26	20.68	23.85	26.01	20.84	24.78	27.03	18.32	13.95	13.48
Price to Tangible Book Value (P/TBV)	26.20	25.01	25.08	29.72	33.40	28.51	36.25	43.81	29.41	21.88	21.07
Price to Revenue (P/Rev)	9.71	11.29	11.20	12.27	13.14	9.99	11.37	11.48	8.77	7.85	8.27
Price to Earnings (P/E)	40.68	43.93	64.88	70.83	115.38	2,292.90	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.46%	2.28%	1.54%	1.41%	0.87%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	31.02	31.32	100.75	95.20	89.68	69.90	88.83	95.91	59.16	33.61	39.82
Enterprise Value to Revenue (EV/Rev)	9.45	10.98	10.77	11.88	12.77	9.64	11.03	11.17	8.43	7.51	7.85
Enterprise Value to EBITDA (EV/EBITDA)	49.60	55.86	50.52	69.91	97.61	202.17	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	57.28	63.98	58.12	87.21	139.37	6,194.33	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	43.91	47.37	68.19	76.04	127.95	18,390.22	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	42.44	46.36	44.90	53.01	84.40	99.26	179.59	412.04	145.20	139.77	123.36
Enterprise Value to Free Cash Flow (EV/FCFF)	356.06	0.00	74.59	101.28	199.54	296.25	0.00	0.00	0.00	188.63	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.57	-0.55	-0.77	-0.75	-0.71	-0.66	-0.70	-0.68	-0.65	-0.50	-0.63
Leverage Ratio	1.25	1.27	1.34	1.39	1.40	1.40	1.43	1.48	1.46	1.40	1.41
Compound Leverage Factor	1.36	1.46	1.46	1.52	1.52	1.52	-6.65	-1.50	1.38	1.36	1.26
Debt to Total Capital	0.00%	6.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	6.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	93.27%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-1.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-1.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	49.72	52.65	49.36	52.17	56.04	35.95	35.93	31.31	22.04	21.03	21.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.64	5.30	6.20	5.51	5.47	3.90	3.24	2.80	2.65	3.28	3.06
Quick Ratio	4.07	4.78	5.60	4.85	4.81	3.33	2.86	2.46	2.33	2.88	2.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-127	-106	20	-1.04	11	48	15	52	25	55	29
Operating Cash Flow to CapEx	4,441.69%	2,918.28%	2,968.65%	3,527.67%	1,687.78%	686.85%	734.55%	-390.61%	80.30%	126.24%	388.52%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.64	1.53	1.69	1.74	1.66	1.57	1.50	1.46	1.30	1.20	1.12
Accounts Receivable Turnover	30.74	35.25	33.19	31.58	30.82	33.35	32.50	29.40	29.95	32.43	32.76
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	32.26	30.06	28.98	27.08	25.11	22.78	20.91	19.39	17.84	16.68	15.89
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	11.87	10.35	11.00	11.56	11.84	10.95	11.23	12.41	12.19	11.25	11.14
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	11.87	10.35	11.00	11.56	11.84	10.95	11.23	12.41	12.19	11.25	11.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	251	279	81	90	96	86	71	62	72	105	87
Invested Capital Turnover	4.75	4.36	9.99	9.50	8.03	6.49	7.22	6.70	5.39	3.37	4.24
Increase / (Decrease) in Invested Capital	156	193	10	28	24	-20	-16	-35	-43	-69	-35
Enterprise Value (EV)	7,795	8,723	8,207	8,575	8,580	5,984	6,318	5,945	4,237	3,545	3,481
Market Capitalization	8,005	8,964	8,539	8,857	8,824	6,195	6,510	6,109	4,406	3,705	3,665
Book Value per Share	$12.69	$14.29	$11.38	$10.26	$9.40	$8.31	$7.37	$6.37	$6.80	$7.55	$7.77
Tangible Book Value per Share	$8.39	$9.86	$9.39	$8.23	$7.32	$6.08	$5.04	$3.93	$4.23	$4.82	$4.97
Total Capital	462	557	413	371	339	297	263	226	241	266	272
Total Debt	0.00	37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	37	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-211	-241	-331	-281	-244	-212	-192	-164	-169	-160	-184
Capital Expenditures (CapEx)	0.87	1.25	1.95	1.44	2.55	4.54	5.00	2.36	1.96	4.82	4.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2.59	-6.13	0.08	4.12	7.10	-9.11	-26	-29	-37	-20	-20
Debt-free Net Working Capital (DFNWC)	213	272	331	285	251	203	166	135	132	140	119
Net Working Capital (NWC)	213	272	331	285	251	203	166	135	132	140	119
Net Nonoperating Expense (NNE)	-2.57	-16	-2.84	-2.61	-3.12	-2.63	-28	36	17	5.73	-1.31
Net Nonoperating Obligations (NNO)	-211	-241	-331	-281	-244	-212	-192	-164	-169	-160	-184
Total Depreciation and Amortization (D&A)	9.48	5.48	4.40	4.73	5.22	6.90	7.49	6.74	7.51	8.21	8.35
Debt-free, Cash-free Net Working Capital to Revenue	0.31%	-0.77%	0.01%	0.57%	1.06%	-1.47%	-4.50%	-5.49%	-7.34%	-4.23%	-4.56%
Debt-free Net Working Capital to Revenue	25.88%	34.26%	43.48%	39.53%	37.31%	32.65%	28.94%	25.32%	26.27%	29.69%	26.84%
Net Working Capital to Revenue	25.88%	34.26%	43.48%	39.53%	37.31%	32.65%	28.94%	25.32%	26.27%	29.69%	26.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.86	$2.83	$0.91	$0.82	$1.07	$0.86	$0.74	($0.53)	($0.99)	($0.56)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	36.30M	36.25M	36.31M	36.24M	36.09M	35.63M	35.69M	35.57M	35.44M	35.01M	35.04M
Adjusted Diluted Earnings per Share	$0.86	$2.79	$0.90	$0.81	$1.05	$0.87	$0.72	($0.53)	($0.99)	($0.56)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	36.65M	36.78M	36.76M	36.74M	36.67M	36.42M	36.48M	35.57M	35.44M	35.01M	35.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	36.03M	36.40M	36.33M	36.27M	36.21M	35.87M	35.76M	35.64M	35.49M	35.40M	35.16M
Normalized Net Operating Profit after Tax (NOPAT)	29	16	30	27	24	28	-0.05	-0.48	-19	-14	-5.47
Normalized NOPAT Margin	13.24%	7.89%	14.66%	13.71%	12.73%	16.08%	-0.03%	-0.32%	-13.65%	-11.26%	-4.38%
Pre Tax Income Margin	16.90%	13.33%	22.64%	20.01%	19.78%	18.00%	0.89%	0.51%	-18.48%	-15.47%	-2.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About AppFolio's Financials

When does AppFolio's fiscal year end?

According to the most recent income statement we have on file, AppFolio's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has AppFolio's net income changed over the last 9 years?

AppFolio's net income appears to be on an upward trend, with a most recent value of $204.07 million in 2024, falling from -$15.67 million in 2015. The previous period was $2.70 million in 2023. See AppFolio's forecast for analyst expectations on what’s next for the company.

What is AppFolio's operating income?

AppFolio's total operating income in 2024 was $135.64 million, based on the following breakdown:

Total Gross Profit: $794.20 million
Total Operating Expenses: $658.56 million

How has AppFolio revenue changed over the last 9 years?

Over the last 9 years, AppFolio's total revenue changed from $74.98 million in 2015 to $794.20 million in 2024, a change of 959.3%.

How much debt does AppFolio have?

AppFolio's total liabilities were at $107.39 million at the end of 2024, a 3.8% decrease from 2023, and a 503.8% increase since 2015.

How much cash does AppFolio have?

In the past 9 years, AppFolio's cash and equivalents has ranged from $10.70 million in 2016 to $140.26 million in 2020, and is currently $42.50 million as of their latest financial filing in 2024.

How has AppFolio's book value per share changed over the last 9 years?

Over the last 9 years, AppFolio's book value per share changed from 2.17 in 2015 to 14.29 in 2024, a change of 559.2%.

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This page (NASDAQ:APPF) was last updated on 5/30/2025 by MarketBeat.com Staff

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AppFolio (APPF) Financials

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