vs
Side-by-side financial comparison of APPFOLIO INC (APPF) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $262.2M, roughly 1.4× APPFOLIO INC). On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 11.7%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 11.0%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
APPF vs TRUP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $376.9M |
| Net Profit | $42.4M | — |
| Gross Margin | — | 17.3% |
| Operating Margin | 19.4% | 1.9% |
| Net Margin | 16.2% | — |
| Revenue YoY | 20.4% | 11.7% |
| Net Profit YoY | 35.2% | — |
| EPS (diluted) | $1.18 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $249.4M | $366.9M | ||
| Q2 25 | $235.6M | $353.6M | ||
| Q1 25 | $217.7M | $342.0M | ||
| Q4 24 | $203.7M | $337.3M | ||
| Q3 24 | $205.7M | $327.5M | ||
| Q2 24 | $197.4M | $314.8M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | — | ||
| Q3 25 | $33.6M | — | ||
| Q2 25 | $36.0M | — | ||
| Q1 25 | $31.4M | — | ||
| Q4 24 | $102.7M | — | ||
| Q3 24 | $33.0M | — | ||
| Q2 24 | $29.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 15.1% | ||
| Q2 24 | — | 12.8% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 1.9% | ||
| Q3 25 | 14.1% | 1.6% | ||
| Q2 25 | 17.2% | 0.7% | ||
| Q1 25 | 15.5% | -0.4% | ||
| Q4 24 | 11.3% | 0.1% | ||
| Q3 24 | 20.7% | 0.5% | ||
| Q2 24 | 18.3% | -1.7% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 50.4% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 15.0% | — |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.13 | ||
| Q3 25 | $0.93 | $0.13 | ||
| Q2 25 | $0.99 | $0.22 | ||
| Q1 25 | $0.86 | $-0.03 | ||
| Q4 24 | $2.79 | $0.04 | ||
| Q3 24 | $0.90 | $0.03 | ||
| Q2 24 | $0.81 | $-0.14 |
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 | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $470.2M | $383.9M |
| Total Assets | $580.6M | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $370.7M | ||
| Q3 25 | $76.1M | $348.5M | ||
| Q2 25 | $73.5M | $319.6M | ||
| Q1 25 | $56.9M | $321.8M | ||
| Q4 24 | $42.5M | $307.4M | ||
| Q3 24 | $62.4M | $293.1M | ||
| Q2 24 | $59.6M | $277.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $383.9M | ||
| Q3 25 | $498.9M | $368.6M | ||
| Q2 25 | $455.6M | $355.5M | ||
| Q1 25 | $462.1M | $333.7M | ||
| Q4 24 | $519.3M | $323.3M | ||
| Q3 24 | $412.8M | $320.2M | ||
| Q2 24 | $371.4M | $305.8M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $915.0M | ||
| Q3 25 | $640.5M | $880.2M | ||
| Q2 25 | $567.4M | $847.8M | ||
| Q1 25 | $564.7M | $837.2M | ||
| Q4 24 | $626.7M | $806.9M | ||
| Q3 24 | $523.3M | $816.1M | ||
| Q2 24 | $479.3M | $795.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $29.3M |
| Free Cash FlowOCF − Capex | — | $25.3M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 0.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $29.3M | ||
| Q3 25 | $86.0M | $29.2M | ||
| Q2 25 | $52.6M | $15.0M | ||
| Q1 25 | $38.5M | $16.0M | ||
| Q4 24 | $36.6M | $23.7M | ||
| Q3 24 | $57.8M | $15.3M | ||
| Q2 24 | $50.9M | $6.9M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $25.3M | ||
| Q3 25 | $84.7M | $23.9M | ||
| Q2 25 | $52.4M | $12.0M | ||
| Q1 25 | $38.2M | $14.0M | ||
| Q4 24 | $36.4M | $21.8M | ||
| Q3 24 | $57.4M | $13.4M | ||
| Q2 24 | $50.8M | $4.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 6.7% | ||
| Q3 25 | 34.0% | 6.5% | ||
| Q2 25 | 22.2% | 3.4% | ||
| Q1 25 | 17.6% | 4.1% | ||
| Q4 24 | 17.9% | 6.5% | ||
| Q3 24 | 27.9% | 4.1% | ||
| Q2 24 | 25.8% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.0% | ||
| Q3 25 | 0.5% | 1.4% | ||
| Q2 25 | 0.1% | 0.8% | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 0.1% | 0.6% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.0% | 0.9% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.23× | — | ||
| 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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
