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Side-by-side financial comparison of APPFOLIO INC (APPF) and Lovesac Co (LOVE). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $150.2M, roughly 1.7× Lovesac Co). APPFOLIO INC runs the higher net margin — 16.2% vs -7.0%, a 23.2% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 0.2%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -22.6%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
APPF vs LOVE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $150.2M |
| Net Profit | $42.4M | $-10.6M |
| Gross Margin | — | 56.1% |
| Operating Margin | 19.4% | -10.5% |
| Net Margin | 16.2% | -7.0% |
| Revenue YoY | 20.4% | 0.2% |
| Net Profit YoY | 35.2% | -114.0% |
| EPS (diluted) | $1.18 | $-0.72 |
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 | $150.2M | ||
| Q3 25 | $249.4M | $160.5M | ||
| Q2 25 | $235.6M | $138.4M | ||
| Q1 25 | $217.7M | $241.5M | ||
| Q4 24 | $203.7M | $149.9M | ||
| Q3 24 | $205.7M | $156.6M | ||
| Q2 24 | $197.4M | $132.6M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $-10.6M | ||
| Q3 25 | $33.6M | $-6.7M | ||
| Q2 25 | $36.0M | $-10.8M | ||
| Q1 25 | $31.4M | $35.3M | ||
| Q4 24 | $102.7M | $-4.9M | ||
| Q3 24 | $33.0M | $-5.9M | ||
| Q2 24 | $29.7M | $-13.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 56.1% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 53.7% | ||
| Q1 25 | — | 60.4% | ||
| Q4 24 | — | 58.5% | ||
| Q3 24 | — | 59.0% | ||
| Q2 24 | — | 54.3% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -10.5% | ||
| Q3 25 | 14.1% | -5.5% | ||
| Q2 25 | 17.2% | -10.8% | ||
| Q1 25 | 15.5% | 19.7% | ||
| Q4 24 | 11.3% | -5.2% | ||
| Q3 24 | 20.7% | -5.3% | ||
| Q2 24 | 18.3% | -13.5% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | -7.0% | ||
| Q3 25 | 13.5% | -4.1% | ||
| Q2 25 | 15.3% | -7.8% | ||
| Q1 25 | 14.4% | 14.6% | ||
| Q4 24 | 50.4% | -3.3% | ||
| Q3 24 | 16.0% | -3.7% | ||
| Q2 24 | 15.0% | -9.8% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.72 | ||
| Q3 25 | $0.93 | $-0.45 | ||
| Q2 25 | $0.99 | $-0.73 | ||
| Q1 25 | $0.86 | $2.22 | ||
| Q4 24 | $2.79 | $-0.32 | ||
| Q3 24 | $0.90 | $-0.38 | ||
| Q2 24 | $0.81 | $-0.83 |
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 | $23.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $189.3M |
| Total Assets | $580.6M | $495.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $23.7M | ||
| Q3 25 | $76.1M | $34.2M | ||
| Q2 25 | $73.5M | $26.9M | ||
| Q1 25 | $56.9M | $83.7M | ||
| Q4 24 | $42.5M | $61.7M | ||
| Q3 24 | $62.4M | $72.1M | ||
| Q2 24 | $59.6M | $72.4M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $189.3M | ||
| Q3 25 | $498.9M | $197.5M | ||
| Q2 25 | $455.6M | $201.2M | ||
| Q1 25 | $462.1M | $216.4M | ||
| Q4 24 | $519.3M | $196.5M | ||
| Q3 24 | $412.8M | $202.1M | ||
| Q2 24 | $371.4M | $205.3M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $495.5M | ||
| Q3 25 | $640.5M | $493.7M | ||
| Q2 25 | $567.4M | $483.7M | ||
| Q1 25 | $564.7M | $532.3M | ||
| Q4 24 | $626.7M | $499.7M | ||
| Q3 24 | $523.3M | $481.1M | ||
| Q2 24 | $479.3M | $477.2M |
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 | $-4.9M |
| Free Cash FlowOCF − Capex | — | $-10.2M |
| FCF MarginFCF / Revenue | — | -6.8% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-4.9M | ||
| Q3 25 | $86.0M | $12.2M | ||
| Q2 25 | $52.6M | $-41.4M | ||
| Q1 25 | $38.5M | $44.0M | ||
| Q4 24 | $36.6M | $-4.2M | ||
| Q3 24 | $57.8M | $6.2M | ||
| Q2 24 | $50.9M | $-7.0M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-10.2M | ||
| Q3 25 | $84.7M | $7.8M | ||
| Q2 25 | $52.4M | $-50.0M | ||
| Q1 25 | $38.2M | $38.7M | ||
| Q4 24 | $36.4M | $-6.6M | ||
| Q3 24 | $57.4M | $119.0K | ||
| Q2 24 | $50.8M | $-14.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -6.8% | ||
| Q3 25 | 34.0% | 4.9% | ||
| Q2 25 | 22.2% | -36.1% | ||
| Q1 25 | 17.6% | 16.0% | ||
| Q4 24 | 17.9% | -4.4% | ||
| Q3 24 | 27.9% | 0.1% | ||
| Q2 24 | 25.8% | -10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.5% | ||
| Q3 25 | 0.5% | 2.7% | ||
| Q2 25 | 0.1% | 6.2% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.1% | 1.6% | ||
| Q3 24 | 0.2% | 3.9% | ||
| Q2 24 | 0.0% | 5.5% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | 1.25× | ||
| 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% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
