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Side-by-side financial comparison of APPFOLIO INC (APPF) and DONEGAL GROUP INC (DGICA). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $236.0M, roughly 1.1× DONEGAL GROUP INC). APPFOLIO INC runs the higher net margin — 16.2% vs 4.9%, a 11.3% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -3.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -2.2%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
APPF vs DGICA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $236.0M |
| Net Profit | $42.4M | $11.5M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 4.9% |
| Revenue YoY | 20.4% | -3.7% |
| Net Profit YoY | 35.2% | -54.3% |
| EPS (diluted) | $1.18 | — |
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 | $236.0M | ||
| Q4 25 | $248.2M | $239.8M | ||
| Q3 25 | $249.4M | $245.9M | ||
| Q2 25 | $235.6M | $247.1M | ||
| Q1 25 | $217.7M | $245.2M | ||
| Q4 24 | $203.7M | $250.0M | ||
| Q3 24 | $205.7M | $251.7M | ||
| Q2 24 | $197.4M | $246.8M |
| Q1 26 | $42.4M | $11.5M | ||
| Q4 25 | $39.9M | $17.2M | ||
| Q3 25 | $33.6M | $20.1M | ||
| Q2 25 | $36.0M | $16.9M | ||
| Q1 25 | $31.4M | $25.2M | ||
| Q4 24 | $102.7M | $24.0M | ||
| Q3 24 | $33.0M | $16.8M | ||
| Q2 24 | $29.7M | $4.2M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 8.7% | ||
| Q3 25 | 14.1% | 10.2% | ||
| Q2 25 | 17.2% | 8.3% | ||
| Q1 25 | 15.5% | 12.7% | ||
| Q4 24 | 11.3% | 11.9% | ||
| Q3 24 | 20.7% | 8.1% | ||
| Q2 24 | 18.3% | 2.0% |
| Q1 26 | 16.2% | 4.9% | ||
| Q4 25 | 16.1% | 7.2% | ||
| Q3 25 | 13.5% | 8.2% | ||
| Q2 25 | 15.3% | 6.8% | ||
| Q1 25 | 14.4% | 10.3% | ||
| Q4 24 | 50.4% | 9.6% | ||
| Q3 24 | 16.0% | 6.7% | ||
| Q2 24 | 15.0% | 1.7% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | — | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $0.86 | — | ||
| Q4 24 | $2.79 | — | ||
| Q3 24 | $0.90 | — | ||
| Q2 24 | $0.81 | — |
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 | $649.1M |
| Total Assets | $580.6M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | — | ||
| Q2 25 | $73.5M | — | ||
| Q1 25 | $56.9M | — | ||
| Q4 24 | $42.5M | — | ||
| Q3 24 | $62.4M | — | ||
| Q2 24 | $59.6M | — |
| Q1 26 | $470.2M | $649.1M | ||
| Q4 25 | $542.6M | $640.4M | ||
| Q3 25 | $498.9M | $627.4M | ||
| Q2 25 | $455.6M | $605.7M | ||
| Q1 25 | $462.1M | $584.7M | ||
| Q4 24 | $519.3M | $545.8M | ||
| Q3 24 | $412.8M | $513.4M | ||
| Q2 24 | $371.4M | $484.1M |
| Q1 26 | $580.6M | $2.4B | ||
| Q4 25 | $689.0M | $2.4B | ||
| Q3 25 | $640.5M | $2.4B | ||
| Q2 25 | $567.4M | $2.4B | ||
| Q1 25 | $564.7M | $2.4B | ||
| Q4 24 | $626.7M | $2.3B | ||
| Q3 24 | $523.3M | $2.3B | ||
| Q2 24 | $479.3M | $2.3B |
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 | $70.2M | ||
| Q3 25 | $86.0M | $22.4M | ||
| Q2 25 | $52.6M | $12.1M | ||
| Q1 25 | $38.5M | $25.7M | ||
| Q4 24 | $36.6M | $67.4M | ||
| Q3 24 | $57.8M | $12.7M | ||
| Q2 24 | $50.9M | $21.7M |
| 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× | 4.08× | ||
| Q3 25 | 2.56× | 1.11× | ||
| Q2 25 | 1.46× | 0.72× | ||
| Q1 25 | 1.23× | 1.02× | ||
| Q4 24 | 0.36× | 2.81× | ||
| Q3 24 | 1.75× | 0.76× | ||
| Q2 24 | 1.71× | 5.22× |
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% |
DGICA
Segment breakdown not available.
