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Side-by-side financial comparison of APPFOLIO INC (APPF) and Soho House & Co Inc. (SHCO). Click either name above to swap in a different company.
Soho House & Co Inc. is the larger business by last-quarter revenue ($370.8M vs $262.2M, roughly 1.4× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs -5.0%, a 21.2% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 11.2%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 13.5%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
APPF vs SHCO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $370.8M |
| Net Profit | $42.4M | $-18.7M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | -1.6% |
| Net Margin | 16.2% | -5.0% |
| Revenue YoY | 20.4% | 11.2% |
| Net Profit YoY | 35.2% | -10790.3% |
| EPS (diluted) | $1.18 | $-0.10 |
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 | — | ||
| Q3 25 | $249.4M | $370.8M | ||
| Q2 25 | $235.6M | $329.8M | ||
| Q1 25 | $217.7M | $282.9M | ||
| Q4 24 | $203.7M | $305.6M | ||
| Q3 24 | $205.7M | $333.4M | ||
| Q2 24 | $197.4M | $302.9M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | $-18.7M | ||
| Q2 25 | $36.0M | $24.9M | ||
| Q1 25 | $31.4M | $8.2M | ||
| Q4 24 | $102.7M | $-91.7M | ||
| Q3 24 | $33.0M | $175.0K | ||
| Q2 24 | $29.7M | $-29.9M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | — | ||
| Q3 25 | 14.1% | -1.6% | ||
| Q2 25 | 17.2% | 18.1% | ||
| Q1 25 | 15.5% | 12.3% | ||
| Q4 24 | 11.3% | -23.1% | ||
| Q3 24 | 20.7% | 11.4% | ||
| Q2 24 | 18.3% | -4.3% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | -5.0% | ||
| Q2 25 | 15.3% | 7.5% | ||
| Q1 25 | 14.4% | 2.9% | ||
| Q4 24 | 50.4% | -30.0% | ||
| Q3 24 | 16.0% | 0.1% | ||
| Q2 24 | 15.0% | -9.9% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | $-0.10 | ||
| Q2 25 | $0.99 | $0.13 | ||
| Q1 25 | $0.86 | $0.04 | ||
| Q4 24 | $2.79 | $-0.48 | ||
| Q3 24 | $0.90 | $0.00 | ||
| Q2 24 | $0.81 | $-0.15 |
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 | $142.5M |
| Total DebtLower is stronger | — | $735.8M |
| Stockholders' EquityBook value | $470.2M | $-351.6M |
| Total Assets | $580.6M | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | — | ||
| Q3 25 | $76.1M | $142.5M | ||
| Q2 25 | $73.5M | $150.3M | ||
| Q1 25 | $56.9M | $150.1M | ||
| Q4 24 | $42.5M | $152.7M | ||
| Q3 24 | $62.4M | $142.8M | ||
| Q2 24 | $59.6M | $148.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $735.8M | ||
| Q2 25 | — | $729.8M | ||
| Q1 25 | — | $705.1M | ||
| Q4 24 | — | $691.5M | ||
| Q3 24 | — | $694.8M | ||
| Q2 24 | — | $682.1M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | — | ||
| Q3 25 | $498.9M | $-351.6M | ||
| Q2 25 | $455.6M | $-348.6M | ||
| Q1 25 | $462.1M | $-340.1M | ||
| Q4 24 | $519.3M | $-335.1M | ||
| Q3 24 | $412.8M | $-279.4M | ||
| Q2 24 | $371.4M | $-231.7M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | — | ||
| Q3 25 | $640.5M | $2.7B | ||
| Q2 25 | $567.4M | $2.6B | ||
| Q1 25 | $564.7M | $2.5B | ||
| Q4 24 | $626.7M | $2.4B | ||
| Q3 24 | $523.3M | $2.6B | ||
| Q2 24 | $479.3M | $2.6B |
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 | $34.9M |
| Free Cash FlowOCF − Capex | — | $3.5M |
| FCF MarginFCF / Revenue | — | 0.9% |
| Capex IntensityCapex / Revenue | — | 8.5% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | — | ||
| Q3 25 | $86.0M | $34.9M | ||
| Q2 25 | $52.6M | $41.0M | ||
| Q1 25 | $38.5M | $22.8M | ||
| Q4 24 | $36.6M | $26.9M | ||
| Q3 24 | $57.8M | $20.6M | ||
| Q2 24 | $50.9M | $36.0M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | $3.5M | ||
| Q2 25 | $52.4M | $12.4M | ||
| Q1 25 | $38.2M | $7.5M | ||
| Q4 24 | $36.4M | $18.5M | ||
| Q3 24 | $57.4M | $10.3M | ||
| Q2 24 | $50.8M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | 0.9% | ||
| Q2 25 | 22.2% | 3.8% | ||
| Q1 25 | 17.6% | 2.7% | ||
| Q4 24 | 17.9% | 6.1% | ||
| Q3 24 | 27.9% | 3.1% | ||
| Q2 24 | 25.8% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | 8.5% | ||
| Q2 25 | 0.1% | 8.7% | ||
| Q1 25 | 0.1% | 5.4% | ||
| Q4 24 | 0.1% | 2.7% | ||
| Q3 24 | 0.2% | 3.1% | ||
| Q2 24 | 0.0% | 8.5% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 1.65× | ||
| Q1 25 | 1.23× | 2.79× | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | 117.70× | ||
| 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% |
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
