APPFOLIO INCAPPFEarnings & Financial Report
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Revenue
$249.4M
Gross Profit
N/A
Operating Profit
$35.0M
Net Profit
$33.6M
Gross Margin
N/A
Operating Margin
14.1%
Net Margin
13.5%
YoY Growth
21.2%
EPS
$0.93
APPFOLIO INC Q3 FY2025 Financial Summary
APPFOLIO INC reported revenue of $249.4M (up 21.2% YoY) for Q3 FY2025, with a net profit of $33.6M (up 1.9% YoY) (13.5% margin).
Key Financial Metrics
| Total Revenue | $249.4M |
|---|---|
| Net Profit | $33.6M |
| Gross Margin | N/A |
| Operating Margin | 14.1% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
APPFOLIO INC Q3 FY2025 revenue of $249.4M breaks down across 3 segments, led by Value Added Services at $192.1M (77.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Value Added Services | $192.1M | 77.0% |
| Core Solutions | $53.8M | 21.6% |
| Other Services | $3.5M | 1.4% |
APPFOLIO INC Revenue by Segment — Quarterly Trend
APPFOLIO INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Value Added Services and Core Solutions) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Value Added Services | $201.4M | $184.6M | $192.1M | $180.1M |
| Core Solutions | — | — | $53.8M | $52.5M |
| Other Services | — | $7.9M | $3.5M | $3.0M |
APPFOLIO INC Annual Revenue by Year
APPFOLIO INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $950.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $950.8M |
| 2024 | $794.2M |
| 2023 | $620.4M |
| 2022 | $471.9M |
APPFOLIO INC Quarterly Revenue & Net Profit History
APPFOLIO INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $262.2M | +20.4% | $42.4M | 16.2% |
| Q4 FY2025 | $248.2M | +21.9% | $39.9M | 16.1% |
| Q3 FY2025 | $249.4M | +21.2% | $33.6M | 13.5% |
| Q2 FY2025 | $235.6M | +19.4% | $36.0M | 15.3% |
| Q1 FY2025 | $217.7M | +16.2% | $31.4M | 14.4% |
| Q4 FY2024 | $203.7M | +18.5% | $102.7M | 50.4% |
| Q3 FY2024 | $205.7M | +24.4% | $33.0M | 16.0% |
| Q2 FY2024 | $197.4M | +34.2% | $29.7M | 15.0% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $197.4M | $205.7M | $203.7M | $217.7M | $235.6M | $249.4M | $248.2M | $262.2M |
| YoY Growth | 34.2% | 24.4% | 18.5% | 16.2% | 19.4% | 21.2% | 21.9% | 20.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $479.3M | $523.3M | $626.7M | $564.7M | $567.4M | $640.5M | $689.0M | $580.6M |
| Liabilities | $107.9M | $110.5M | $107.4M | $102.6M | $111.8M | $141.6M | $146.4M | $110.3M |
| Equity | $371.4M | $412.8M | $519.3M | $462.1M | $455.6M | $498.9M | $542.6M | $470.2M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $50.9M | $57.8M | $36.6M | $38.5M | $52.6M | $86.0M | $65.0M | $34.3M |