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Side-by-side financial comparison of APPFOLIO INC (APPF) and Douglas Elliman Inc. (DOUG). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $245.4M, roughly 1.1× Douglas Elliman Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 16.2%, a 11.8% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 0.9%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 10.7%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
APPF vs DOUG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $245.4M |
| Net Profit | $42.4M | $68.6M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 27.3% |
| Net Margin | 16.2% | 27.9% |
| Revenue YoY | 20.4% | 0.9% |
| Net Profit YoY | 35.2% | 1243.4% |
| EPS (diluted) | $1.18 | $0.80 |
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 | $245.4M | ||
| Q3 25 | $249.4M | $262.8M | ||
| Q2 25 | $235.6M | $271.4M | ||
| Q1 25 | $217.7M | $253.4M | ||
| Q4 24 | $203.7M | $243.3M | ||
| Q3 24 | $205.7M | $266.3M | ||
| Q2 24 | $197.4M | $285.8M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $68.6M | ||
| Q3 25 | $33.6M | $-24.7M | ||
| Q2 25 | $36.0M | $-22.7M | ||
| Q1 25 | $31.4M | $-6.0M | ||
| Q4 24 | $102.7M | $-6.0M | ||
| Q3 24 | $33.0M | $-27.2M | ||
| Q2 24 | $29.7M | $-1.7M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 27.3% | ||
| Q3 25 | 14.1% | -4.1% | ||
| Q2 25 | 17.2% | -2.0% | ||
| Q1 25 | 15.5% | -2.1% | ||
| Q4 24 | 11.3% | -6.7% | ||
| Q3 24 | 20.7% | -2.8% | ||
| Q2 24 | 18.3% | -1.3% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 27.9% | ||
| Q3 25 | 13.5% | -9.4% | ||
| Q2 25 | 15.3% | -8.4% | ||
| Q1 25 | 14.4% | -2.4% | ||
| Q4 24 | 50.4% | -2.5% | ||
| Q3 24 | 16.0% | -10.2% | ||
| Q2 24 | 15.0% | -0.6% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.80 | ||
| Q3 25 | $0.93 | $-0.29 | ||
| Q2 25 | $0.99 | $-0.27 | ||
| Q1 25 | $0.86 | $-0.07 | ||
| Q4 24 | $2.79 | $-0.06 | ||
| Q3 24 | $0.90 | $-0.33 | ||
| Q2 24 | $0.81 | $-0.02 |
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 | $115.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $183.9M |
| Total Assets | $580.6M | $444.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $115.5M | ||
| Q3 25 | $76.1M | $143.0M | ||
| Q2 25 | $73.5M | $136.3M | ||
| Q1 25 | $56.9M | $136.8M | ||
| Q4 24 | $42.5M | $145.5M | ||
| Q3 24 | $62.4M | $151.4M | ||
| Q2 24 | $59.6M | $92.9M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $183.9M | ||
| Q3 25 | $498.9M | $115.1M | ||
| Q2 25 | $455.6M | $137.6M | ||
| Q1 25 | $462.1M | $158.2M | ||
| Q4 24 | $519.3M | $162.2M | ||
| Q3 24 | $412.8M | $173.6M | ||
| Q2 24 | $371.4M | $196.9M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $444.4M | ||
| Q3 25 | $640.5M | $480.6M | ||
| Q2 25 | $567.4M | $489.0M | ||
| Q1 25 | $564.7M | $493.9M | ||
| Q4 24 | $626.7M | $493.9M | ||
| Q3 24 | $523.3M | $502.7M | ||
| Q2 24 | $479.3M | $463.9M |
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 | $-14.4M |
| Free Cash FlowOCF − Capex | — | $-14.7M |
| FCF MarginFCF / Revenue | — | -6.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 0.81× | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-17.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-14.4M | ||
| Q3 25 | $86.0M | $5.5M | ||
| Q2 25 | $52.6M | $642.0K | ||
| Q1 25 | $38.5M | $-5.6M | ||
| Q4 24 | $36.6M | $-9.0M | ||
| Q3 24 | $57.8M | $9.0M | ||
| Q2 24 | $50.9M | $1.3M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-14.7M | ||
| Q3 25 | $84.7M | $4.7M | ||
| Q2 25 | $52.4M | $-575.0K | ||
| Q1 25 | $38.2M | $-6.7M | ||
| Q4 24 | $36.4M | $-10.2M | ||
| Q3 24 | $57.4M | $7.7M | ||
| Q2 24 | $50.8M | $432.0K |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -6.0% | ||
| Q3 25 | 34.0% | 1.8% | ||
| Q2 25 | 22.2% | -0.2% | ||
| Q1 25 | 17.6% | -2.6% | ||
| Q4 24 | 17.9% | -4.2% | ||
| Q3 24 | 27.9% | 2.9% | ||
| Q2 24 | 25.8% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 0.1% | 0.4% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 0.1% | 0.5% | ||
| Q3 24 | 0.2% | 0.5% | ||
| Q2 24 | 0.0% | 0.3% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | -0.21× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| 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 | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
