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Side-by-side financial comparison of APPFOLIO INC (APPF) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $230.6M, roughly 1.1× Gogo Inc.). APPFOLIO INC runs the higher net margin — 16.2% vs -4.3%, a 20.5% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 20.4%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% 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.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
APPF vs GOGO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $230.6M |
| Net Profit | $42.4M | $-10.0M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 6.2% |
| Net Margin | 16.2% | -4.3% |
| Revenue YoY | 20.4% | 67.3% |
| Net Profit YoY | 35.2% | 64.6% |
| EPS (diluted) | $1.18 | $-0.08 |
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 | $230.6M | ||
| Q3 25 | $249.4M | $223.6M | ||
| Q2 25 | $235.6M | $226.0M | ||
| Q1 25 | $217.7M | $230.3M | ||
| Q4 24 | $203.7M | $137.8M | ||
| Q3 24 | $205.7M | $100.5M | ||
| Q2 24 | $197.4M | $102.1M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-10.0M | ||
| Q3 25 | $33.6M | $-1.9M | ||
| Q2 25 | $36.0M | $12.8M | ||
| Q1 25 | $31.4M | $12.0M | ||
| Q4 24 | $102.7M | $-28.2M | ||
| Q3 24 | $33.0M | $10.6M | ||
| Q2 24 | $29.7M | $839.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 6.2% | ||
| Q3 25 | 14.1% | 12.9% | ||
| Q2 25 | 17.2% | 15.9% | ||
| Q1 25 | 15.5% | 15.3% | ||
| Q4 24 | 11.3% | -17.5% | ||
| Q3 24 | 20.7% | 19.0% | ||
| Q2 24 | 18.3% | 21.2% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -4.3% | ||
| Q3 25 | 13.5% | -0.9% | ||
| Q2 25 | 15.3% | 5.7% | ||
| Q1 25 | 14.4% | 5.2% | ||
| Q4 24 | 50.4% | -20.5% | ||
| Q3 24 | 16.0% | 10.6% | ||
| Q2 24 | 15.0% | 0.8% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.08 | ||
| Q3 25 | $0.93 | $-0.01 | ||
| Q2 25 | $0.99 | $0.09 | ||
| Q1 25 | $0.86 | $0.09 | ||
| Q4 24 | $2.79 | $-0.22 | ||
| Q3 24 | $0.90 | $0.08 | ||
| 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 | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $101.1M |
| Total Assets | $580.6M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $125.2M | ||
| Q3 25 | $76.1M | $133.6M | ||
| Q2 25 | $73.5M | $102.1M | ||
| Q1 25 | $56.9M | $70.3M | ||
| Q4 24 | $42.5M | $41.8M | ||
| Q3 24 | $62.4M | $176.7M | ||
| Q2 24 | $59.6M | $161.6M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $101.1M | ||
| Q3 25 | $498.9M | $107.0M | ||
| Q2 25 | $455.6M | $102.8M | ||
| Q1 25 | $462.1M | $82.9M | ||
| Q4 24 | $519.3M | $69.3M | ||
| Q3 24 | $412.8M | $52.7M | ||
| Q2 24 | $371.4M | $52.0M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.3B | ||
| Q3 25 | $640.5M | $1.3B | ||
| Q2 25 | $567.4M | $1.3B | ||
| Q1 25 | $564.7M | $1.2B | ||
| Q4 24 | $626.7M | $1.2B | ||
| Q3 24 | $523.3M | $810.7M | ||
| Q2 24 | $479.3M | $802.7M |
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 | $8.5M |
| Free Cash FlowOCF − Capex | — | $-25.4M |
| FCF MarginFCF / Revenue | — | -11.0% |
| Capex IntensityCapex / Revenue | — | 14.7% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $8.5M | ||
| Q3 25 | $86.0M | $46.8M | ||
| Q2 25 | $52.6M | $36.7M | ||
| Q1 25 | $38.5M | $32.5M | ||
| Q4 24 | $36.6M | $-38.3M | ||
| Q3 24 | $57.8M | $25.1M | ||
| Q2 24 | $50.9M | $24.9M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-25.4M | ||
| Q3 25 | $84.7M | $27.3M | ||
| Q2 25 | $52.4M | $33.5M | ||
| Q1 25 | $38.2M | $29.7M | ||
| Q4 24 | $36.4M | $-42.6M | ||
| Q3 24 | $57.4M | $20.7M | ||
| Q2 24 | $50.8M | $21.6M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -11.0% | ||
| Q3 25 | 34.0% | 12.2% | ||
| Q2 25 | 22.2% | 14.8% | ||
| Q1 25 | 17.6% | 12.9% | ||
| Q4 24 | 17.9% | -30.9% | ||
| Q3 24 | 27.9% | 20.6% | ||
| Q2 24 | 25.8% | 21.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 14.7% | ||
| Q3 25 | 0.5% | 8.7% | ||
| Q2 25 | 0.1% | 1.4% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.1% | 3.1% | ||
| Q3 24 | 0.2% | 4.4% | ||
| Q2 24 | 0.0% | 3.3% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 2.87× | ||
| Q1 25 | 1.23× | 2.70× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 2.36× | ||
| Q2 24 | 1.71× | 29.74× |
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% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
