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APPF

AppFolio, Inc.

Information TechnologyPrepackaged Software
Ticker APPFSANTA BARBARA, CAFiscal year ends DecemberBook value per share $16.36Diluted shares 35.6M

AppFolio, Inc. (Nasdaq: APPF) provides a cloud-based platform for property management companies serving single-family, multifamily, affordable, commercial and student housing, as well as community associations. Its platform combines property accounting and reporting, marketing and leasing, maintenance, and… From the company’s description.

Over the twelve months to Sep 30, 2026, AppFolio, Inc. reported revenue of $1.09B, up 20.0% from a year earlier, and net income of $169.86M. Its operating margin was 18.8%, and operations generated $283.66M in cash. In fiscal 2025, it reported revenue of $950.82M, up 19.7% from fiscal 2024, and net income of $140.92M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$950.82MFY2025
+19.7% year over year
Last 12 mo $1.09B
16.08%FY2025
−1 percentage points
Last 12 mo 18.83%
$140.92MFY2025
−30.9% year over year
Last 12 mo $169.86M
25.97%FY2025
−13.3 percentage points
Last 12 mo 29.16%
Cash & financing
$242.10MFY2025
+28.7% year over year
Last 12 mo $283.66M
$235.51MFY2025
+30.1% year over year
Last 12 mo $277.54M
—
36.3MFY2025
−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) provides a cloud-based platform for property management companies serving single-family, multifamily, affordable, commercial and student housing, as well as community associations. Its platform combines property accounting and reporting, marketing and leasing, maintenance, and communication tools with AI-enabled workflow automation and integrations through the AppFolio Stack marketplace. Additional services include electronic payments, tenant screening, insurance-related risk mitigation and resident services, serving property managers and stakeholders such as owners, investors, residents and vendors. AppFolio offers its subscription software in Core, Plus and Max plans, with capabilities tailored to businesses of different sizes and complexity; it does not report separate business segments. Founded in 2006, the company had 22,096 property management customers as of December 31, 2025, and 1,702 employees. Its brands and offerings include AppFolio Property Manager, AppFolio Realm, FolioScreen and FolioGuard. Its website is www.appfolio.com.

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

Financial performance, year by year

Fiscal 2015–2025 · USD
$-183.65M$162.95M$509.55M$856.15M$1.20B20152016201720182019202020212022202320242025Last 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
42.6%
of shares held by funds

Largest fund holders · AppFolio, Inc.’s weight in each

MidCap Fund
PMBMX · Principal Funds, Inc
—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
—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?”
  • “Where did five years of AppFolio, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in AppFolio, Inc.'s last four quarterly filings that the numbers alone won't show?”
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