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Companies / Technology / APPFOLIO INC
APPF

APPFOLIO INC

TechnologyPrepackaged Software
Ticker APPFSANTA BARBARA, CAFiscal year ends DecemberBook value per share $14.76Diluted shares 35.6M

AppFolio, Inc. (NASDAQ: APPF) operates as a technology leader powering the real estate industry through its cloud-based AppFolio Platform. The company's website is www.appfolio.com. Founded in 2006, AppFolio serves property management companies managing diverse property types including single-family, multifamily,… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$950.82M
+19.7% year over year
Last 12 mo $1.04B
16.08%
−1 percentage points
Last 12 mo 17.52%
$140.92M
−30.9% year over year
Last 12 mo $157.53M
25.97%
−13.3 percentage points
Last 12 mo 29.94%
Cash & financing
$242.10M
+28.7% year over year
Last 12 mo $272.90M
$235.51M
+30.1% year over year
Last 12 mo $265.50M
—
36.3M
−1.2% year over year
Last 12 mo 35.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What APPFOLIO INC does

In the company’s own words

AppFolio, Inc. (NASDAQ: APPF) operates as a technology leader powering the real estate industry through its cloud-based AppFolio Platform. The company's website is www.appfolio.com. Founded in 2006, AppFolio serves property management companies managing diverse property types including single-family, multifamily, affordable housing, commercial, student housing, and community associations.

The AppFolio Platform functions as a unified system of record, action, and growth for the property management ecosystem. The platform integrates artificial intelligence capabilities through AppFolio Realm, which automates repetitive workflows and enhances operational efficiency. The AppFolio Stack marketplace enables customers to integrate third-party technology and services through application programming interfaces, creating a customizable ecosystem for specialized solutions.

AppFolio's offerings fall into two primary categories: Subscription Services and Value Added Services. Subscription Services are delivered through three tiered plans—Core, Plus, and Max—providing accounting and reporting, marketing and leasing tools, maintenance management, and resident communication capabilities. Value Added Services include electronic payment processing, tenant screening through FolioScreen, risk mitigation products via FolioGuard, and resident-focused services designed to enhance the rental experience.

As of December 31, 2025, AppFolio maintained 22,096 property management customers and employed 1,702 people. The company's business model emphasizes long-term customer relationships through dedicated onboarding teams, tiered engagement models, and continuous product innovation. The platform serves all stakeholders in the property management ecosystem, including property managers, owners, investors, residents, and vendors.

AppFolio's competitive positioning derives from its innovative, scalable platform architecture, comprehensive Value Added Services ecosystem, and customer-centric culture. The company operates in a highly competitive market alongside vertical real estate business management providers and horizontal solutions serving multiple industries. AppFolio protects its intellectual property through patents, copyrights, trademarks, and trade secrets while maintaining rigorous data security and compliance standards across its operations.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
SANTA BARBARA, CA
Fiscal year end
December
CIK
1433195
SIC
7372

Financial performance, year by year

Fiscal 2015–2025 · USD
$-179.02M$153.68M$486.38M$819.08M$1.15B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns APPFOLIO INC — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

352
funds hold it
0 of 35
superinvestors hold it
$1.67B
held by funds, at market
42.7%
of shares held by funds

Largest fund holders · APPFOLIO INC’s weight in each

MidCap Fund
PMBMX · Principal Funds, Inc
0.78%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.11%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Touchstone Funds Group Trust-Touchstone Mid Cap Fund
TMCPX · Touchstone Funds Group Trust
2.26%of fund net assets
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do APPFOLIO INC and its peers compare on margins and cash generation over ten years?”
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