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Side-by-side financial comparison of APPFOLIO INC (APPF) and Arhaus, Inc. (ARHS). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $262.2M, roughly 1.4× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 4.1%, a 12.0% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 5.1%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 11.2%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
APPF vs ARHS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $364.8M |
| Net Profit | $42.4M | $15.1M |
| Gross Margin | — | 38.1% |
| Operating Margin | 19.4% | 5.6% |
| Net Margin | 16.2% | 4.1% |
| Revenue YoY | 20.4% | 5.1% |
| Net Profit YoY | 35.2% | -29.1% |
| EPS (diluted) | $1.18 | $0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $364.8M | ||
| Q3 25 | $249.4M | $344.6M | ||
| Q2 25 | $235.6M | $358.4M | ||
| Q1 25 | $217.7M | $311.4M | ||
| Q4 24 | $203.7M | $347.0M | ||
| Q3 24 | $205.7M | $319.1M | ||
| Q2 24 | $197.4M | $309.8M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $15.1M | ||
| Q3 25 | $33.6M | $12.2M | ||
| Q2 25 | $36.0M | $35.1M | ||
| Q1 25 | $31.4M | $4.9M | ||
| Q4 24 | $102.7M | $21.3M | ||
| Q3 24 | $33.0M | $9.9M | ||
| Q2 24 | $29.7M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 38.1% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 41.4% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 40.0% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 40.1% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 5.6% | ||
| Q3 25 | 14.1% | 4.8% | ||
| Q2 25 | 17.2% | 13.0% | ||
| Q1 25 | 15.5% | 1.7% | ||
| Q4 24 | 11.3% | 8.2% | ||
| Q3 24 | 20.7% | 3.3% | ||
| Q2 24 | 18.3% | 9.5% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 4.1% | ||
| Q3 25 | 13.5% | 3.5% | ||
| Q2 25 | 15.3% | 9.8% | ||
| Q1 25 | 14.4% | 1.6% | ||
| Q4 24 | 50.4% | 6.1% | ||
| Q3 24 | 16.0% | 3.1% | ||
| Q2 24 | 15.0% | 7.2% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.11 | ||
| Q3 25 | $0.93 | $0.09 | ||
| Q2 25 | $0.99 | $0.25 | ||
| Q1 25 | $0.86 | $0.03 | ||
| Q4 24 | $2.79 | $0.15 | ||
| Q3 24 | $0.90 | $0.07 | ||
| Q2 24 | $0.81 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $147.4M | $253.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $418.2M |
| Total Assets | $580.6M | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $253.4M | ||
| Q3 25 | $76.1M | $262.2M | ||
| Q2 25 | $73.5M | $234.8M | ||
| Q1 25 | $56.9M | $214.4M | ||
| Q4 24 | $42.5M | $197.5M | ||
| Q3 24 | $62.4M | $177.7M | ||
| Q2 24 | $59.6M | $174.2M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $418.2M | ||
| Q3 25 | $498.9M | $400.4M | ||
| Q2 25 | $455.6M | $385.6M | ||
| Q1 25 | $462.1M | $348.8M | ||
| Q4 24 | $519.3M | $343.7M | ||
| Q3 24 | $412.8M | $320.6M | ||
| Q2 24 | $371.4M | $309.3M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.4B | ||
| Q3 25 | $640.5M | $1.4B | ||
| Q2 25 | $567.4M | $1.3B | ||
| Q1 25 | $564.7M | $1.3B | ||
| Q4 24 | $626.7M | $1.2B | ||
| Q3 24 | $523.3M | $1.2B | ||
| Q2 24 | $479.3M | $1.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $9.3M |
| Free Cash FlowOCF − Capex | — | $-8.8M |
| FCF MarginFCF / Revenue | — | -2.4% |
| Capex IntensityCapex / Revenue | — | 5.0% |
| Cash ConversionOCF / Net Profit | 0.81× | 0.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | $59.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $9.3M | ||
| Q3 25 | $86.0M | $46.1M | ||
| Q2 25 | $52.6M | $34.9M | ||
| Q1 25 | $38.5M | $46.5M | ||
| Q4 24 | $36.6M | $31.7M | ||
| Q3 24 | $57.8M | $31.1M | ||
| Q2 24 | $50.9M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-8.8M | ||
| Q3 25 | $84.7M | $28.0M | ||
| Q2 25 | $52.4M | $20.9M | ||
| Q1 25 | $38.2M | $18.9M | ||
| Q4 24 | $36.4M | $13.0M | ||
| Q3 24 | $57.4M | $4.6M | ||
| Q2 24 | $50.8M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -2.4% | ||
| Q3 25 | 34.0% | 8.1% | ||
| Q2 25 | 22.2% | 5.8% | ||
| Q1 25 | 17.6% | 6.1% | ||
| Q4 24 | 17.9% | 3.7% | ||
| Q3 24 | 27.9% | 1.4% | ||
| Q2 24 | 25.8% | 3.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 5.0% | ||
| Q3 25 | 0.5% | 5.3% | ||
| Q2 25 | 0.1% | 3.9% | ||
| Q1 25 | 0.1% | 8.9% | ||
| Q4 24 | 0.1% | 5.4% | ||
| Q3 24 | 0.2% | 8.3% | ||
| Q2 24 | 0.0% | 11.7% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.62× | ||
| Q3 25 | 2.56× | 3.77× | ||
| Q2 25 | 1.46× | 1.00× | ||
| Q1 25 | 1.23× | 9.53× | ||
| Q4 24 | 0.36× | 1.49× | ||
| Q3 24 | 1.75× | 3.14× | ||
| Q2 24 | 1.71× | 2.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
