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Side-by-side financial comparison of APPFOLIO INC (APPF) and Urban Edge Properties (UE). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $132.6M, roughly 2.0× Urban Edge Properties). Urban Edge Properties runs the higher net margin — 17.1% vs 16.2%, a 0.9% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs 12.2%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 11.6%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
APPF vs UE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $132.6M |
| Net Profit | $42.4M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | — |
| Net Margin | 16.2% | 17.1% |
| Revenue YoY | 20.4% | 12.2% |
| Net Profit YoY | 35.2% | -6.7% |
| EPS (diluted) | $1.18 | $0.18 |
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 | $132.6M | ||
| Q4 25 | $248.2M | $119.6M | ||
| Q3 25 | $249.4M | $120.1M | ||
| Q2 25 | $235.6M | $114.1M | ||
| Q1 25 | $217.7M | $118.2M | ||
| Q4 24 | $203.7M | $116.4M | ||
| Q3 24 | $205.7M | $112.4M | ||
| Q2 24 | $197.4M | $106.5M |
| Q1 26 | $42.4M | $22.6M | ||
| Q4 25 | $39.9M | $12.4M | ||
| Q3 25 | $33.6M | $14.9M | ||
| Q2 25 | $36.0M | $58.0M | ||
| Q1 25 | $31.4M | $8.2M | ||
| Q4 24 | $102.7M | $30.1M | ||
| Q3 24 | $33.0M | $9.1M | ||
| Q2 24 | $29.7M | $30.8M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 11.3% | ||
| Q3 25 | 14.1% | 13.4% | ||
| Q2 25 | 17.2% | 53.9% | ||
| Q1 25 | 15.5% | 7.6% | ||
| Q4 24 | 11.3% | 27.6% | ||
| Q3 24 | 20.7% | 8.9% | ||
| Q2 24 | 18.3% | 30.6% |
| Q1 26 | 16.2% | 17.1% | ||
| Q4 25 | 16.1% | 10.4% | ||
| Q3 25 | 13.5% | 12.4% | ||
| Q2 25 | 15.3% | 50.8% | ||
| Q1 25 | 14.4% | 6.9% | ||
| Q4 24 | 50.4% | 25.9% | ||
| Q3 24 | 16.0% | 8.1% | ||
| Q2 24 | 15.0% | 28.9% |
| Q1 26 | $1.18 | $0.18 | ||
| Q4 25 | $1.10 | $0.09 | ||
| Q3 25 | $0.93 | $0.12 | ||
| Q2 25 | $0.99 | $0.46 | ||
| Q1 25 | $0.86 | $0.07 | ||
| Q4 24 | $2.79 | $0.25 | ||
| Q3 24 | $0.90 | $0.07 | ||
| Q2 24 | $0.81 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $1.4B |
| Total Assets | $580.6M | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | $50.0M | ||
| Q4 25 | $107.0M | $48.9M | ||
| Q3 25 | $76.1M | $77.8M | ||
| Q2 25 | $73.5M | $53.0M | ||
| Q1 25 | $56.9M | $48.0M | ||
| Q4 24 | $42.5M | $41.4M | ||
| Q3 24 | $62.4M | $67.9M | ||
| Q2 24 | $59.6M | $78.6M |
| Q1 26 | $470.2M | $1.4B | ||
| Q4 25 | $542.6M | $1.4B | ||
| Q3 25 | $498.9M | $1.4B | ||
| Q2 25 | $455.6M | $1.4B | ||
| Q1 25 | $462.1M | $1.4B | ||
| Q4 24 | $519.3M | $1.4B | ||
| Q3 24 | $412.8M | $1.3B | ||
| Q2 24 | $371.4M | $1.3B |
| Q1 26 | $580.6M | $3.4B | ||
| Q4 25 | $689.0M | $3.3B | ||
| Q3 25 | $640.5M | $3.3B | ||
| Q2 25 | $567.4M | $3.3B | ||
| Q1 25 | $564.7M | $3.3B | ||
| Q4 24 | $626.7M | $3.3B | ||
| Q3 24 | $523.3M | $3.2B | ||
| Q2 24 | $479.3M | $3.2B |
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 | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 0.81× | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | $39.1M | ||
| Q4 25 | $65.0M | $182.7M | ||
| Q3 25 | $86.0M | $55.7M | ||
| Q2 25 | $52.6M | $43.5M | ||
| Q1 25 | $38.5M | $32.6M | ||
| Q4 24 | $36.6M | $153.2M | ||
| Q3 24 | $57.8M | $36.6M | ||
| Q2 24 | $50.9M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $81.8M | ||
| Q3 25 | $84.7M | $26.1M | ||
| Q2 25 | $52.4M | $19.6M | ||
| Q1 25 | $38.2M | $11.9M | ||
| Q4 24 | $36.4M | $42.5M | ||
| Q3 24 | $57.4M | $12.2M | ||
| Q2 24 | $50.8M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 68.4% | ||
| Q3 25 | 34.0% | 21.7% | ||
| Q2 25 | 22.2% | 17.2% | ||
| Q1 25 | 17.6% | 10.0% | ||
| Q4 24 | 17.9% | 36.6% | ||
| Q3 24 | 27.9% | 10.8% | ||
| Q2 24 | 25.8% | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 0.5% | 84.4% | ||
| Q3 25 | 0.5% | 24.6% | ||
| Q2 25 | 0.1% | 20.9% | ||
| Q1 25 | 0.1% | 17.5% | ||
| Q4 24 | 0.1% | 95.1% | ||
| Q3 24 | 0.2% | 21.7% | ||
| Q2 24 | 0.0% | 20.1% |
| Q1 26 | 0.81× | 1.73× | ||
| Q4 25 | 1.63× | 14.71× | ||
| Q3 25 | 2.56× | 3.73× | ||
| Q2 25 | 1.46× | 0.75× | ||
| Q1 25 | 1.23× | 3.97× | ||
| Q4 24 | 0.36× | 5.09× | ||
| Q3 24 | 1.75× | 4.03× | ||
| Q2 24 | 1.71× | 1.34× |
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% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
