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Side-by-side financial comparison of APPFOLIO INC (APPF) and Dayforce (DAY). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $262.2M, roughly 1.8× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -40.9%, a 57.0% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 9.5%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 9.8%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
APPF vs DAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $481.6M |
| Net Profit | $42.4M | $-196.8M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 6.3% |
| Net Margin | 16.2% | -40.9% |
| Revenue YoY | 20.4% | 9.5% |
| Net Profit YoY | 35.2% | -9940.0% |
| EPS (diluted) | $1.18 | $-1.23 |
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 | — | ||
| Q3 25 | $249.4M | $481.6M | ||
| Q2 25 | $235.6M | $464.7M | ||
| Q1 25 | $217.7M | $481.8M | ||
| Q4 24 | $203.7M | $465.2M | ||
| Q3 24 | $205.7M | $440.0M | ||
| Q2 24 | $197.4M | $423.3M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $-196.8M | ||
| Q2 25 | $36.0M | $21.3M | ||
| Q1 25 | $31.4M | $14.9M | ||
| Q4 24 | $102.7M | $10.8M | ||
| Q3 24 | $33.0M | $2.0M | ||
| Q2 24 | $29.7M | $-1.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | 6.3% | ||
| Q2 25 | 17.2% | 9.1% | ||
| Q1 25 | 15.5% | 6.4% | ||
| Q4 24 | 11.3% | 6.1% | ||
| Q3 24 | 20.7% | 4.7% | ||
| Q2 24 | 18.3% | 3.3% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | -40.9% | ||
| Q2 25 | 15.3% | 4.6% | ||
| Q1 25 | 14.4% | 3.1% | ||
| Q4 24 | 50.4% | 2.3% | ||
| Q3 24 | 16.0% | 0.5% | ||
| Q2 24 | 15.0% | -0.4% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | $-1.23 | ||
| Q2 25 | $0.99 | $0.13 | ||
| Q1 25 | $0.86 | $0.09 | ||
| Q4 24 | $2.79 | $0.07 | ||
| Q3 24 | $0.90 | $0.01 | ||
| Q2 24 | $0.81 | $-0.01 |
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 | $627.6M |
| Total DebtLower is stronger | — | $631.1M |
| Stockholders' EquityBook value | $470.2M | $2.7B |
| Total Assets | $580.6M | $8.7B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | $627.6M | ||
| Q2 25 | $73.5M | $625.2M | ||
| Q1 25 | $56.9M | $557.3M | ||
| Q4 24 | $42.5M | $579.7M | ||
| Q3 24 | $62.4M | $494.1M | ||
| Q2 24 | $59.6M | $465.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $631.1M | ||
| Q2 25 | — | $631.8M | ||
| Q1 25 | — | $632.4M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | — | ||
| Q3 25 | $498.9M | $2.7B | ||
| Q2 25 | $455.6M | $2.7B | ||
| Q1 25 | $462.1M | $2.6B | ||
| Q4 24 | $519.3M | $2.5B | ||
| Q3 24 | $412.8M | $2.6B | ||
| Q2 24 | $371.4M | $2.5B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | — | ||
| Q3 25 | $640.5M | $8.7B | ||
| Q2 25 | $567.4M | $8.5B | ||
| Q1 25 | $564.7M | $9.5B | ||
| Q4 24 | $626.7M | $9.1B | ||
| Q3 24 | $523.3M | $8.1B | ||
| Q2 24 | $479.3M | $9.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.49× |
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 | $31.2M |
| 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 | — | ||
| Q3 25 | $86.0M | $31.2M | ||
| Q2 25 | $52.6M | $112.7M | ||
| Q1 25 | $38.5M | $49.6M | ||
| Q4 24 | $36.6M | $81.0M | ||
| Q3 24 | $57.8M | $91.8M | ||
| Q2 24 | $50.9M | $99.2M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 5.29× | ||
| Q1 25 | 1.23× | 3.33× | ||
| Q4 24 | 0.36× | 7.50× | ||
| Q3 24 | 1.75× | 45.90× | ||
| Q2 24 | 1.71× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPF
| Value Added Services | $164.7M | 63% |
| Subscription Services | $58.2M | 22% |
| Other | $39.3M | 15% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
