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Side-by-side financial comparison of APPFOLIO INC (APPF) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $262.2M, roughly 1.3× APPFOLIO INC). PRA GROUP INC runs the higher net margin — 17.0% vs 16.2%, a 0.8% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 13.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 14.2%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
APPF vs PRAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $333.4M |
| Net Profit | $42.4M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 37.7% |
| Net Margin | 16.2% | 17.0% |
| Revenue YoY | 20.4% | 13.7% |
| Net Profit YoY | 35.2% | 206.3% |
| EPS (diluted) | $1.18 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $249.4M | $311.1M | ||
| Q2 25 | $235.6M | $287.7M | ||
| Q1 25 | $217.7M | $269.6M | ||
| Q4 24 | $203.7M | $293.2M | ||
| Q3 24 | $205.7M | $281.5M | ||
| Q2 24 | $197.4M | $284.2M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $56.5M | ||
| Q3 25 | $33.6M | $-407.7M | ||
| Q2 25 | $36.0M | $42.4M | ||
| Q1 25 | $31.4M | $3.7M | ||
| Q4 24 | $102.7M | $18.5M | ||
| Q3 24 | $33.0M | $27.2M | ||
| Q2 24 | $29.7M | $21.5M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 37.7% | ||
| Q3 25 | 14.1% | -101.4% | ||
| Q2 25 | 17.2% | 29.6% | ||
| Q1 25 | 15.5% | 27.7% | ||
| Q4 24 | 11.3% | 32.1% | ||
| Q3 24 | 20.7% | 32.0% | ||
| Q2 24 | 18.3% | 31.4% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 17.0% | ||
| Q3 25 | 13.5% | -131.0% | ||
| Q2 25 | 15.3% | 14.7% | ||
| Q1 25 | 14.4% | 1.4% | ||
| Q4 24 | 50.4% | 6.3% | ||
| Q3 24 | 16.0% | 9.6% | ||
| Q2 24 | 15.0% | 7.6% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $1.47 | ||
| Q3 25 | $0.93 | $-10.43 | ||
| Q2 25 | $0.99 | $1.08 | ||
| Q1 25 | $0.86 | $0.09 | ||
| Q4 24 | $2.79 | $0.47 | ||
| Q3 24 | $0.90 | $0.69 | ||
| Q2 24 | $0.81 | $0.54 |
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 | $104.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $979.9M |
| Total Assets | $580.6M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $104.4M | ||
| Q3 25 | $76.1M | $107.5M | ||
| Q2 25 | $73.5M | $131.6M | ||
| Q1 25 | $56.9M | $128.7M | ||
| Q4 24 | $42.5M | $105.9M | ||
| Q3 24 | $62.4M | $141.1M | ||
| Q2 24 | $59.6M | $118.9M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $979.9M | ||
| Q3 25 | $498.9M | $928.5M | ||
| Q2 25 | $455.6M | $1.3B | ||
| Q1 25 | $462.1M | $1.2B | ||
| Q4 24 | $519.3M | $1.1B | ||
| Q3 24 | $412.8M | $1.2B | ||
| Q2 24 | $371.4M | $1.1B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $5.1B | ||
| Q3 25 | $640.5M | $5.0B | ||
| Q2 25 | $567.4M | $5.4B | ||
| Q1 25 | $564.7M | $5.1B | ||
| Q4 24 | $626.7M | $4.9B | ||
| Q3 24 | $523.3M | $4.9B | ||
| Q2 24 | $479.3M | $4.7B |
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 | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 0.81× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $-85.5M | ||
| Q3 25 | $86.0M | $-10.1M | ||
| Q2 25 | $52.6M | $-12.9M | ||
| Q1 25 | $38.5M | $-52.6M | ||
| Q4 24 | $36.6M | $-94.6M | ||
| Q3 24 | $57.8M | $-35.0M | ||
| Q2 24 | $50.9M | $-29.5M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-90.4M | ||
| Q3 25 | $84.7M | $-11.3M | ||
| Q2 25 | $52.4M | $-14.2M | ||
| Q1 25 | $38.2M | $-53.5M | ||
| Q4 24 | $36.4M | $-98.6M | ||
| Q3 24 | $57.4M | $-36.1M | ||
| Q2 24 | $50.8M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -27.1% | ||
| Q3 25 | 34.0% | -3.6% | ||
| Q2 25 | 22.2% | -4.9% | ||
| Q1 25 | 17.6% | -19.8% | ||
| Q4 24 | 17.9% | -33.6% | ||
| Q3 24 | 27.9% | -12.8% | ||
| Q2 24 | 25.8% | -10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.5% | 0.4% | ||
| Q2 25 | 0.1% | 0.4% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 0.1% | 1.4% | ||
| Q3 24 | 0.2% | 0.4% | ||
| Q2 24 | 0.0% | 0.5% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | -1.51× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | -0.30× | ||
| Q1 25 | 1.23× | -14.37× | ||
| Q4 24 | 0.36× | -5.13× | ||
| Q3 24 | 1.75× | -1.29× | ||
| Q2 24 | 1.71× | -1.37× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
