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AppFolio (APPF) Financials

AppFolio logo
$206.29 -7.06 (-3.31%)
Closing price 04:00 PM Eastern
Extended Trading
$206.24 -0.05 (-0.02%)
As of 05:18 PM Eastern
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Annual Income Statements for AppFolio

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

Quarterly Income Statements for AppFolio

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

Annual Cash Flow Statements for AppFolio

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

Quarterly Cash Flow Statements for AppFolio

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

Annual Balance Sheets for AppFolio

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

Quarterly Balance Sheets for AppFolio

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

Annual Metrics And Ratios for AppFolio

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%

Quarterly Metrics And Ratios for AppFolio

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 financial year end?

According to the most recent income statement we have on file, AppFolio's fiscal year ends in December. Their fiscal 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 where experts think AppFolio is headed by visiting AppFolio's forecast page.

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 5/28/2025 by MarketBeat.com Staff
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