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Side-by-side financial comparison of APPFOLIO INC (APPF) and ServisFirst Bancshares, Inc. (SFBS). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $159.0M, roughly 1.6× ServisFirst Bancshares, Inc.). ServisFirst Bancshares, Inc. runs the higher net margin — 52.2% vs 16.2%, a 36.0% gap on every dollar of revenue. Over the past eight quarters, ServisFirst Bancshares, Inc.'s revenue compounded faster (17.7% 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.
ServisFirst Bancshares, Inc. is a U.S.-based bank holding company operating full-service banking locations primarily across the Southeastern United States. It offers a full suite of commercial banking, consumer banking, wealth management, and mortgage lending services to small and medium-sized businesses, professional clients, and individual consumers.
APPF vs SFBS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $159.0M |
| Net Profit | $42.4M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 52.2% |
| Revenue YoY | 20.4% | — |
| Net Profit YoY | 35.2% | 31.2% |
| EPS (diluted) | $1.18 | $1.52 |
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 | $159.0M | ||
| Q4 25 | $248.2M | $162.2M | ||
| Q3 25 | $249.4M | $136.3M | ||
| Q2 25 | $235.6M | $132.1M | ||
| Q1 25 | $217.7M | $131.8M | ||
| Q4 24 | $203.7M | $131.9M | ||
| Q3 24 | $205.7M | $123.7M | ||
| Q2 24 | $197.4M | $114.8M |
| Q1 26 | $42.4M | $83.0M | ||
| Q4 25 | $39.9M | $86.4M | ||
| Q3 25 | $33.6M | $65.6M | ||
| Q2 25 | $36.0M | $61.4M | ||
| Q1 25 | $31.4M | $63.2M | ||
| Q4 24 | $102.7M | $65.2M | ||
| Q3 24 | $33.0M | $59.9M | ||
| Q2 24 | $29.7M | $52.1M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 66.3% | ||
| Q3 25 | 14.1% | 57.8% | ||
| Q2 25 | 17.2% | 58.0% | ||
| Q1 25 | 15.5% | 60.0% | ||
| Q4 24 | 11.3% | 60.2% | ||
| Q3 24 | 20.7% | 58.5% | ||
| Q2 24 | 18.3% | 58.0% |
| Q1 26 | 16.2% | 52.2% | ||
| Q4 25 | 16.1% | 59.0% | ||
| Q3 25 | 13.5% | 48.1% | ||
| Q2 25 | 15.3% | 46.5% | ||
| Q1 25 | 14.4% | 48.0% | ||
| Q4 24 | 50.4% | 52.9% | ||
| Q3 24 | 16.0% | 48.4% | ||
| Q2 24 | 15.0% | 45.4% |
| Q1 26 | $1.18 | $1.52 | ||
| Q4 25 | $1.10 | $1.58 | ||
| Q3 25 | $0.93 | $1.20 | ||
| Q2 25 | $0.99 | $1.12 | ||
| Q1 25 | $0.86 | $1.16 | ||
| Q4 24 | $2.79 | $1.19 | ||
| Q3 24 | $0.90 | $1.10 | ||
| Q2 24 | $0.81 | $0.95 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $1.9B |
| Total Assets | $580.6M | $18.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $1.8B | ||
| 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 | $470.2M | $1.9B | ||
| Q4 25 | $542.6M | $1.8B | ||
| Q3 25 | $498.9M | $1.8B | ||
| Q2 25 | $455.6M | $1.7B | ||
| Q1 25 | $462.1M | $1.7B | ||
| Q4 24 | $519.3M | $1.6B | ||
| Q3 24 | $412.8M | $1.6B | ||
| Q2 24 | $371.4M | $1.5B |
| Q1 26 | $580.6M | $18.2B | ||
| Q4 25 | $689.0M | $17.7B | ||
| Q3 25 | $640.5M | $17.6B | ||
| Q2 25 | $567.4M | $17.4B | ||
| Q1 25 | $564.7M | $18.6B | ||
| Q4 24 | $626.7M | $17.4B | ||
| Q3 24 | $523.3M | $16.4B | ||
| Q2 24 | $479.3M | $16.0B |
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 | — |
| 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 | $355.2M | ||
| Q3 25 | $86.0M | $140.9M | ||
| Q2 25 | $52.6M | $67.6M | ||
| Q1 25 | $38.5M | $48.0M | ||
| Q4 24 | $36.6M | $252.9M | ||
| Q3 24 | $57.8M | $84.0M | ||
| Q2 24 | $50.9M | $48.3M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 4.11× | ||
| Q3 25 | 2.56× | 2.15× | ||
| Q2 25 | 1.46× | 1.10× | ||
| Q1 25 | 1.23× | 0.76× | ||
| Q4 24 | 0.36× | 3.88× | ||
| Q3 24 | 1.75× | 1.40× | ||
| Q2 24 | 1.71× | 0.93× |
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% |
SFBS
| Net Interest Income | $148.1M | 93% |
| Noninterest Income | $10.8M | 7% |
