vs
Side-by-side financial comparison of APPFOLIO INC (APPF) and Axos Financial, Inc. (AX). Click either name above to swap in a different company.
Axos Financial, Inc. is the larger business by last-quarter revenue ($392.2M vs $262.2M, roughly 1.5× APPFOLIO INC). Axos Financial, Inc. runs the higher net margin — 31.8% vs 16.2%, a 15.6% gap on every dollar of revenue. Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (16.1% CAGR vs 15.3%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
APPF vs AX — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $392.2M |
| Net Profit | $42.4M | $124.7M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 31.8% |
| Revenue YoY | 20.4% | — |
| Net Profit YoY | 35.2% | 18.5% |
| EPS (diluted) | $1.18 | $2.15 |
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 | $392.2M | ||
| Q4 25 | $248.2M | $385.1M | ||
| Q3 25 | $249.4M | $323.4M | ||
| Q2 25 | $235.6M | $321.4M | ||
| Q1 25 | $217.7M | $308.8M | ||
| Q4 24 | $203.7M | $307.9M | ||
| Q3 24 | $205.7M | $320.7M | ||
| Q2 24 | $197.4M | $290.9M |
| Q1 26 | $42.4M | $124.7M | ||
| Q4 25 | $39.9M | $128.4M | ||
| Q3 25 | $33.6M | $112.4M | ||
| Q2 25 | $36.0M | $110.7M | ||
| Q1 25 | $31.4M | $105.2M | ||
| Q4 24 | $102.7M | $104.7M | ||
| Q3 24 | $33.0M | $112.3M | ||
| Q2 24 | $29.7M | $104.9M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 45.6% | ||
| Q3 25 | 14.1% | 46.3% | ||
| Q2 25 | 17.2% | 48.5% | ||
| Q1 25 | 15.5% | 47.9% | ||
| Q4 24 | 11.3% | 48.8% | ||
| Q3 24 | 20.7% | 49.6% | ||
| Q2 24 | 18.3% | 49.6% |
| Q1 26 | 16.2% | 31.8% | ||
| Q4 25 | 16.1% | 33.3% | ||
| Q3 25 | 13.5% | 34.7% | ||
| Q2 25 | 15.3% | 34.4% | ||
| Q1 25 | 14.4% | 34.1% | ||
| Q4 24 | 50.4% | 34.0% | ||
| Q3 24 | 16.0% | 35.0% | ||
| Q2 24 | 15.0% | 36.0% |
| Q1 26 | $1.18 | $2.15 | ||
| Q4 25 | $1.10 | $2.22 | ||
| Q3 25 | $0.93 | $1.94 | ||
| Q2 25 | $0.99 | $1.89 | ||
| Q1 25 | $0.86 | $1.81 | ||
| Q4 24 | $2.79 | $1.80 | ||
| Q3 24 | $0.90 | $1.93 | ||
| Q2 24 | $0.81 | $1.75 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $3.1B |
| Total Assets | $580.6M | $29.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $1.0B | ||
| Q3 25 | $76.1M | $2.6B | ||
| Q2 25 | $73.5M | $1.9B | ||
| Q1 25 | $56.9M | $2.0B | ||
| Q4 24 | $42.5M | $2.4B | ||
| Q3 24 | $62.4M | $2.6B | ||
| Q2 24 | $59.6M | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $312.7M | ||
| Q1 25 | — | $377.4M | ||
| Q4 24 | — | $358.7M | ||
| Q3 24 | — | $313.5M | ||
| Q2 24 | — | $325.7M |
| Q1 26 | $470.2M | $3.1B | ||
| Q4 25 | $542.6M | $2.9B | ||
| Q3 25 | $498.9M | $2.8B | ||
| Q2 25 | $455.6M | $2.7B | ||
| Q1 25 | $462.1M | $2.6B | ||
| Q4 24 | $519.3M | $2.5B | ||
| Q3 24 | $412.8M | $2.4B | ||
| Q2 24 | $371.4M | $2.3B |
| Q1 26 | $580.6M | $29.2B | ||
| Q4 25 | $689.0M | $28.2B | ||
| Q3 25 | $640.5M | $27.4B | ||
| Q2 25 | $567.4M | $24.8B | ||
| Q1 25 | $564.7M | $24.0B | ||
| Q4 24 | $626.7M | $23.7B | ||
| Q3 24 | $523.3M | $23.6B | ||
| Q2 24 | $479.3M | $22.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $104.1M | ||
| Q3 25 | $86.0M | $118.4M | ||
| Q2 25 | $52.6M | $490.3M | ||
| Q1 25 | $38.5M | $73.7M | ||
| Q4 24 | $36.6M | $162.5M | ||
| Q3 24 | $57.8M | $70.8M | ||
| Q2 24 | $50.9M | $305.5M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $85.4M | ||
| Q3 25 | $84.7M | $109.3M | ||
| Q2 25 | $52.4M | $436.1M | ||
| Q1 25 | $38.2M | $65.1M | ||
| Q4 24 | $36.4M | $156.4M | ||
| Q3 24 | $57.4M | $53.0M | ||
| Q2 24 | $50.8M | $269.5M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 22.2% | ||
| Q3 25 | 34.0% | 33.8% | ||
| Q2 25 | 22.2% | 135.7% | ||
| Q1 25 | 17.6% | 21.1% | ||
| Q4 24 | 17.9% | 50.8% | ||
| Q3 24 | 27.9% | 16.5% | ||
| Q2 24 | 25.8% | 92.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 4.9% | ||
| Q3 25 | 0.5% | 2.8% | ||
| Q2 25 | 0.1% | 16.9% | ||
| Q1 25 | 0.1% | 2.8% | ||
| Q4 24 | 0.1% | 2.0% | ||
| Q3 24 | 0.2% | 5.5% | ||
| Q2 24 | 0.0% | 12.4% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.81× | ||
| Q3 25 | 2.56× | 1.05× | ||
| Q2 25 | 1.46× | 4.43× | ||
| Q1 25 | 1.23× | 0.70× | ||
| Q4 24 | 0.36× | 1.55× | ||
| Q3 24 | 1.75× | 0.63× | ||
| Q2 24 | 1.71× | 2.91× |
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% |
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
