AppFolio Inc. (APPF) — Financial statements
Income statement, balance sheet, and cash flow for AppFolio Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 951↑19.7% | 794↑28.0% | 620↑31.5% | 472↑31.3% | 359 | |
| Cost of Revenue | 368↑22.0% | 302↑26.7% | 238↑24.1% | 192↑33.3% | 144 | |
| Gross Profit | 583↑18.3% | 493↑28.8% | 382↑36.5% | 280↑30.0% | 215 | |
| Operating Expenses | ||||||
| R&D Expenses | 190↑18.7% | 160↑6.0% | 151↑36.2% | 111↑68.4% | 66 | |
| General & Administrative Expenses | 96↑11.2% | 86↓8.0% | 93↓7.3% | 101↑76.0% | 57 | |
| Selling & Marketing Expenses | 144↑30.1% | 111↑2.8% | 108↑0.2% | 107↑46.7% | 73 | |
| SG&A Expenses | 239↑21.8% | 197↓2.2% | 201↓3.4% | 208↑59.6% | 130 | |
| Other Expenses | 0.00 | 0.00↓100.0% | 29↓12.5% | 33↑7.4% | 31 | |
| Operating Expenses | 430↑20.4% | 357↓6.4% | 381↑8.2% | 352↑55.0% | 227 | |
| Total Costs & Expenses | 798↑21.2% | 659↑6.3% | 619↑13.8% | 544↑46.6% | 371 | |
| Operating Results | ||||||
| Operating Income | 153↑12.7% | 136↑13985.6% | 0.96↑101.3% | -72↓509.3% | -12 | |
| Depreciation & Amortization | 23↑15.9% | 20↓31.7% | 29↓21.1% | 36↑6.6% | 34 | |
| EBITDA | 184↑8.2% | 170↑474.0% | 30↑182.1% | -36↓262.7% | 22 | |
| EBIT | 161↑7.2% | 150↑15509.8% | 0.96↑101.3% | -72↓509.3% | -12 | |
| Interest & Other Income | ||||||
| Net Interest Income | 8↓41.7% | 14↑98.8% | 7↑493.8% | 1↑136.3% | 0.50 | |
| Interest Income | 8↓41.7% | 14↑98.8% | 7↑493.8% | 1↑136.3% | 0.50 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -8↑44.2% | -15 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 8↓44.2% | 15↑108.7% | 7↑24.4% | 6↓58.5% | 14 | |
| Income Before Tax | 161↑7.2% | 150↑1779.7% | 8↑112.0% | -67↓3947.6% | 2 | |
| Income Tax Expense | 20↑137.6% | -54↓1115.0% | 5↑277.7% | 1↑98.6% | 0.71 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 141↓30.9% | 204↑7452.5% | 3↑104.0% | -68↓6726.4% | 1 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 141↓30.9% | 204↑7452.5% | 3↑104.0% | -68↓6726.4% | 1 | |
| Bottom-Line Net Income | 141↓30.9% | 204↑7452.5% | 3↑104.0% | -68↓6726.4% | 1 | |
| EPS (Basic) | 3.91↓30.6% | 5.63↑7327.4% | 0.08↑103.9% | -1.95↓6665.7% | 0.03 | |
| EPS (Diluted) | 3.88↓30.1% | 5.55↑7379.8% | 0.07↑103.8% | -1.95↓6870.8% | 0.03 | |
| Weighted Average Shares | 36↓0.7% | 36↑1.7% | 36↑1.8% | 35↑1.2% | 35 | |
| Weighted Average Diluted Shares | 36↓1.2% | 37↑1.0% | 36↑4.0% | 35↓1.9% | 36 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.