# Appfolio Inc: overview

APPF · Nasdaq · CIK 1433195 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/appf.md) · [Financials](/companies/appf/financials.md) · [Filings](/companies/appf/filings.md) · [Insiders](/companies/appf/insiders.md)

Latest reported revenue: [$295.7m](/filings/0001433195-26-000064.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 22, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001433195-26-000064).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [204 d](/filings/0001433195-26-000011.md) | [218](/filings/0001433195-26-000023.md) | [236](/filings/0001433195-26-000058.md) | [249](/filings/0001433195-26-000064.md) | [248 d](/filings/0001433195-26-000011.md) | [262](/filings/0001433195-26-000023.md) | [281](/filings/0001433195-26-000058.md) | [296](/filings/0001433195-26-000064.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [11.3% d](/filings/0001433195-26-000011.md) | [15.5%](/filings/0001433195-26-000023.md) | [17.2%](/filings/0001433195-26-000058.md) | [14.1%](/filings/0001433195-26-000064.md) | [17.6% d](/filings/0001433195-26-000011.md) | [19.4%](/filings/0001433195-26-000023.md) | [18.8%](/filings/0001433195-26-000058.md) | [19.4%](/filings/0001433195-26-000064.md) |
| Net margin | % | [50.4% d](/filings/0001433195-26-000011.md) | [14.4%](/filings/0001433195-26-000064.md) | [15.3%](/filings/0001433195-26-000064.md) | [13.5%](/filings/0001433195-26-000064.md) | [16.1% d](/filings/0001433195-26-000011.md) | [16.2%](/filings/0001433195-26-000064.md) | [14.8%](/filings/0001433195-26-000064.md) | [15.5%](/filings/0001433195-26-000064.md) |
| Diluted EPS | $ per share | not reported | [0.86](/filings/0001433195-26-000023.md) | [0.99](/filings/0001433195-26-000058.md) | [0.93](/filings/0001433195-26-000064.md) | not reported | [1.18](/filings/0001433195-26-000023.md) | [1.17](/filings/0001433195-26-000058.md) | [1.29](/filings/0001433195-26-000064.md) |
| Free cash flow | $m | [36.4 d](/filings/0001433195-26-000011.md) | [38.2](/filings/0001433195-26-000023.md) | [52.4 d](/filings/0001433195-26-000058.md) | [84.7 d](/filings/0001433195-26-000064.md) | [63.7 d](/filings/0001433195-26-000011.md) | [34.1](/filings/0001433195-26-000023.md) | [87.6 d](/filings/0001433195-26-000058.md) | [96.8 d](/filings/0001433195-26-000064.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [359](/filings/0001433195-24-000023.md) | [472](/filings/0001433195-25-000013.md) | [620](/filings/0001433195-26-000011.md) | [794](/filings/0001433195-26-000011.md) | [951](/filings/0001433195-26-000011.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(3.3%)](/filings/0001433195-24-000023.md) | [(15.3%)](/filings/0001433195-25-000013.md) | [0.2%](/filings/0001433195-26-000011.md) | [17.1%](/filings/0001433195-26-000011.md) | [16.1%](/filings/0001433195-26-000011.md) |
| Net margin | % | [0.3%](/filings/0001433195-24-000023.md) | [(14.4%)](/filings/0001433195-25-000013.md) | [0.4%](/filings/0001433195-26-000011.md) | [25.7%](/filings/0001433195-26-000011.md) | [14.8%](/filings/0001433195-26-000011.md) |
| Diluted EPS | $ per share | [0.03](/filings/0001433195-24-000023.md) | [(1.95)](/filings/0001433195-25-000013.md) | [0.07](/filings/0001433195-26-000011.md) | [5.55](/filings/0001433195-26-000011.md) | [3.88](/filings/0001433195-26-000011.md) |
| Free cash flow | $m | [27.3](/filings/0001433195-24-000023.md) | [18.8](/filings/0001433195-25-000013.md) | [51.2](/filings/0001433195-26-000011.md) | [186](/filings/0001433195-26-000011.md) | [239](/filings/0001433195-26-000011.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/appf/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $424.3m | 2,645,927 |  | Added +98,829 |
| [PRINCIPAL FINANCIAL GROUP INC](/funds/1126328.md) | 2026-06-30 | $257.4m | 1,605,135 |  | Added +99,253 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $238.9m | 1,490,058 |  | Added +4,685 |
| [Ashe Capital Management, LP](/funds/1632715.md) | 2026-06-30 | $168.0m | 1,047,915 |  | Unchanged |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $167.0m | 1,041,438 |  | Reduced −6,507 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $122.8m | 766,131 |  | Added +44,474 |
| [WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC](/funds/1644956.md) | 2026-06-30 | $115.7m | 721,826 |  | Added +78,595 |
| [LONDON CO OF VIRGINIA](/funds/1259887.md) | 2026-06-30 | $112.8m | 703,151 |  | New +703,151 |
| [Nellore Capital Management LLC](/funds/1846677.md) | 2026-06-30 | $105.0m | 654,865 |  | Added +18,563 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $93.3m | 581,826 |  | Added +274,536 |

## Recent filings

[All 938 filings](/companies/appf/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-22 | 20:11 ET | [10-Q](/filings/0001433195-26-000064.md) | Quarterly report, period 2026-09-30 | 0001433195-26-000064 |
| 2026-10-22 | 20:04 ET | [8-K](/filings/0001433195-26-000062.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001433195-26-000062 |
| 2026-08-13 | 23:58 ET | [SCHEDULE 13D/A](/filings/0000938333-26-000016.md) | Ownership report, active investor, amended | 0000938333-26-000016 |
| 2026-07-23 | 20:10 ET | [10-Q](/filings/0001433195-26-000058.md) | Quarterly report, period 2026-06-30 | 0001433195-26-000058 |
| 2026-07-23 | 20:06 ET | [8-K](/filings/0001433195-26-000056.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001433195-26-000056 |
| 2026-07-01 | 20:20 ET | [8-K/A](/filings/0001433195-26-000042.md) | 5.02 Departure or appointment of officers or directors | 0001433195-26-000042 |
| 2026-07-01 | 20:18 ET | [8-K](/filings/0001433195-26-000040.md) | 5.02 Departure or appointment of officers or directors | 0001433195-26-000040 |
| 2026-06-15 | 20:40 ET | [8-K](/filings/0001433195-26-000034.md) | 5.07 Shareholder vote results | 0001433195-26-000034 |
| 2026-04-28 | 20:21 ET | [DEF 14A](/filings/0001433195-26-000031.md) | Proxy statement, period 2025-12-31 | 0001433195-26-000031 |
| 2026-04-23 | 20:09 ET | [10-Q](/filings/0001433195-26-000023.md) | Quarterly report, period 2026-03-31 | 0001433195-26-000023 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001433195-26-000011.md), filed Feb 5, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1433195
- Tickers: APPF
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: not reported
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:39 ET. No prices; not investment advice.