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Side-by-side financial comparison of APPFOLIO INC (APPF) and LendingClub Corp (LC). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $252.3M, roughly 1.0× LendingClub Corp). LendingClub Corp runs the higher net margin — 20.5% vs 16.2%, a 4.3% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 15.9%). Over the past eight quarters, LendingClub Corp'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.
LendingClub Corporation is an American financial services company headquartered in San Francisco, California. It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market. At its height, LendingClub was the world's largest peer-to-peer lending platform. The company reported that $15.98 billion in loans had been originated through its platform up to December 31, 2015.
APPF vs LC — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $252.3M |
| Net Profit | $42.4M | $51.6M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 20.5% |
| Revenue YoY | 20.4% | 15.9% |
| Net Profit YoY | 35.2% | 341.0% |
| EPS (diluted) | $1.18 | $0.44 |
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 | $252.3M | ||
| Q4 25 | $248.2M | $266.5M | ||
| Q3 25 | $249.4M | $266.2M | ||
| Q2 25 | $235.6M | $248.4M | ||
| Q1 25 | $217.7M | $217.7M | ||
| Q4 24 | $203.7M | $217.2M | ||
| Q3 24 | $205.7M | $201.9M | ||
| Q2 24 | $197.4M | $187.2M |
| Q1 26 | $42.4M | $51.6M | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $44.3M | ||
| Q2 25 | $36.0M | $38.2M | ||
| Q1 25 | $31.4M | $11.7M | ||
| Q4 24 | $102.7M | — | ||
| Q3 24 | $33.0M | $14.5M | ||
| Q2 24 | $29.7M | $14.9M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 18.8% | ||
| Q3 25 | 14.1% | 21.5% | ||
| Q2 25 | 17.2% | 21.7% | ||
| Q1 25 | 15.5% | 7.2% | ||
| Q4 24 | 11.3% | 5.1% | ||
| Q3 24 | 20.7% | 8.9% | ||
| Q2 24 | 18.3% | 10.4% |
| Q1 26 | 16.2% | 20.5% | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | 16.6% | ||
| Q2 25 | 15.3% | 15.4% | ||
| Q1 25 | 14.4% | 5.4% | ||
| Q4 24 | 50.4% | — | ||
| Q3 24 | 16.0% | 7.2% | ||
| Q2 24 | 15.0% | 8.0% |
| Q1 26 | $1.18 | $0.44 | ||
| Q4 25 | $1.10 | $0.36 | ||
| Q3 25 | $0.93 | $0.37 | ||
| Q2 25 | $0.99 | $0.33 | ||
| Q1 25 | $0.86 | $0.10 | ||
| Q4 24 | $2.79 | $0.08 | ||
| Q3 24 | $0.90 | $0.13 | ||
| Q2 24 | $0.81 | $0.13 |
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 | $1.5B |
| Total Assets | $580.6M | $11.9B |
| 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 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | $1.5B | ||
| Q4 25 | $542.6M | $1.5B | ||
| Q3 25 | $498.9M | $1.5B | ||
| Q2 25 | $455.6M | $1.4B | ||
| Q1 25 | $462.1M | $1.4B | ||
| Q4 24 | $519.3M | $1.3B | ||
| Q3 24 | $412.8M | $1.3B | ||
| Q2 24 | $371.4M | $1.3B |
| Q1 26 | $580.6M | $11.9B | ||
| Q4 25 | $689.0M | $11.6B | ||
| Q3 25 | $640.5M | $11.1B | ||
| Q2 25 | $567.4M | $10.8B | ||
| Q1 25 | $564.7M | $10.5B | ||
| Q4 24 | $626.7M | $10.6B | ||
| Q3 24 | $523.3M | $11.0B | ||
| Q2 24 | $479.3M | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-2.7B | ||
| Q3 25 | $86.0M | $-770.8M | ||
| Q2 25 | $52.6M | $-713.1M | ||
| Q1 25 | $38.5M | $-339.3M | ||
| Q4 24 | $36.6M | $-2.6B | ||
| Q3 24 | $57.8M | $-669.8M | ||
| Q2 24 | $50.9M | $-932.5M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-2.9B | ||
| Q3 25 | $84.7M | $-791.8M | ||
| Q2 25 | $52.4M | $-803.8M | ||
| Q1 25 | $38.2M | $-352.3M | ||
| Q4 24 | $36.4M | $-2.7B | ||
| Q3 24 | $57.4M | $-682.3M | ||
| Q2 24 | $50.8M | $-945.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -1076.0% | ||
| Q3 25 | 34.0% | -297.4% | ||
| Q2 25 | 22.2% | -323.5% | ||
| Q1 25 | 17.6% | -161.8% | ||
| Q4 24 | 17.9% | -1237.8% | ||
| Q3 24 | 27.9% | -338.0% | ||
| Q2 24 | 25.8% | -504.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 52.7% | ||
| Q3 25 | 0.5% | 7.9% | ||
| Q2 25 | 0.1% | 36.5% | ||
| Q1 25 | 0.1% | 6.0% | ||
| Q4 24 | 0.1% | 25.0% | ||
| Q3 24 | 0.2% | 6.2% | ||
| Q2 24 | 0.0% | 6.9% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | -17.41× | ||
| Q2 25 | 1.46× | -18.68× | ||
| Q1 25 | 1.23× | -29.07× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | -46.33× | ||
| Q2 24 | 1.71× | -62.57× |
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% |
LC
Segment breakdown not available.
