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Side-by-side financial comparison of APPFOLIO INC (APPF) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $253.4M, roughly 1.0× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 20.4%). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
APPF vs PLMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $253.4M |
| Net Profit | $42.4M | — |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 28.7% |
| Net Margin | 16.2% | — |
| Revenue YoY | 20.4% | 62.7% |
| Net Profit YoY | 35.2% | — |
| EPS (diluted) | $1.18 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $249.4M | $244.7M | ||
| Q2 25 | $235.6M | $203.3M | ||
| Q1 25 | $217.7M | $174.6M | ||
| Q4 24 | $203.7M | $155.8M | ||
| Q3 24 | $205.7M | $148.5M | ||
| Q2 24 | $197.4M | $131.1M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $51.5M | ||
| Q2 25 | $36.0M | $46.5M | ||
| Q1 25 | $31.4M | $42.9M | ||
| Q4 24 | $102.7M | — | ||
| Q3 24 | $33.0M | $30.5M | ||
| Q2 24 | $29.7M | $25.7M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 28.7% | ||
| Q3 25 | 14.1% | 27.4% | ||
| Q2 25 | 17.2% | 29.5% | ||
| Q1 25 | 15.5% | 30.8% | ||
| Q4 24 | 11.3% | 28.9% | ||
| Q3 24 | 20.7% | 25.9% | ||
| Q2 24 | 18.3% | 25.5% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | 21.0% | ||
| Q2 25 | 15.3% | 22.9% | ||
| Q1 25 | 14.4% | 24.6% | ||
| Q4 24 | 50.4% | — | ||
| Q3 24 | 16.0% | 20.5% | ||
| Q2 24 | 15.0% | 19.6% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $2.05 | ||
| Q3 25 | $0.93 | $1.87 | ||
| Q2 25 | $0.99 | $1.68 | ||
| Q1 25 | $0.86 | $1.57 | ||
| Q4 24 | $2.79 | $1.29 | ||
| Q3 24 | $0.90 | $1.15 | ||
| Q2 24 | $0.81 | $1.00 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $942.7M |
| Total Assets | $580.6M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $106.9M | ||
| Q3 25 | $76.1M | $111.7M | ||
| Q2 25 | $73.5M | $81.3M | ||
| Q1 25 | $56.9M | $119.3M | ||
| Q4 24 | $42.5M | $80.4M | ||
| Q3 24 | $62.4M | $86.5M | ||
| Q2 24 | $59.6M | $47.8M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $942.7M | ||
| Q3 25 | $498.9M | $878.1M | ||
| Q2 25 | $455.6M | $847.2M | ||
| Q1 25 | $462.1M | $790.4M | ||
| Q4 24 | $519.3M | $729.0M | ||
| Q3 24 | $412.8M | $703.3M | ||
| Q2 24 | $371.4M | $532.6M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $3.1B | ||
| Q3 25 | $640.5M | $2.9B | ||
| Q2 25 | $567.4M | $2.8B | ||
| Q1 25 | $564.7M | $2.4B | ||
| Q4 24 | $626.7M | $2.3B | ||
| Q3 24 | $523.3M | $2.3B | ||
| Q2 24 | $479.3M | $2.0B |
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 | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $409.1M | ||
| Q3 25 | $86.0M | $83.6M | ||
| Q2 25 | $52.6M | $120.9M | ||
| Q1 25 | $38.5M | $87.2M | ||
| Q4 24 | $36.6M | $261.2M | ||
| Q3 24 | $57.8M | $100.3M | ||
| Q2 24 | $50.9M | $55.1M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $409.0M | ||
| Q3 25 | $84.7M | $83.6M | ||
| Q2 25 | $52.4M | $120.8M | ||
| Q1 25 | $38.2M | $87.1M | ||
| Q4 24 | $36.4M | $260.9M | ||
| Q3 24 | $57.4M | $100.1M | ||
| Q2 24 | $50.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 161.4% | ||
| Q3 25 | 34.0% | 34.2% | ||
| Q2 25 | 22.2% | 59.4% | ||
| Q1 25 | 17.6% | 49.9% | ||
| Q4 24 | 17.9% | 167.5% | ||
| Q3 24 | 27.9% | 67.4% | ||
| Q2 24 | 25.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.5% | 0.0% | ||
| Q2 25 | 0.1% | 0.0% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.0% | 0.0% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | 1.63× | ||
| Q2 25 | 1.46× | 2.60× | ||
| Q1 25 | 1.23× | 2.03× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 3.29× | ||
| Q2 24 | 1.71× | 2.14× |
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% |
PLMR
Segment breakdown not available.
