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Side-by-side financial comparison of APPFOLIO INC (APPF) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $226.2M, roughly 1.2× USANA HEALTH SCIENCES INC). APPFOLIO INC runs the higher net margin — 16.2% vs 0.1%, a 16.1% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -10.0%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 3.1%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
APPF vs USNA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $226.2M |
| Net Profit | $42.4M | $180.0K |
| Gross Margin | — | 78.2% |
| Operating Margin | 19.4% | 1.7% |
| Net Margin | 16.2% | 0.1% |
| Revenue YoY | 20.4% | -10.0% |
| Net Profit YoY | 35.2% | -74.0% |
| 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 | $226.2M | ||
| Q3 25 | $249.4M | $213.7M | ||
| Q2 25 | $235.6M | $235.8M | ||
| Q1 25 | $217.7M | $249.5M | ||
| Q4 24 | $203.7M | $213.6M | ||
| Q3 24 | $205.7M | $200.2M | ||
| Q2 24 | $197.4M | $212.9M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $180.0K | ||
| Q3 25 | $33.6M | $-6.5M | ||
| Q2 25 | $36.0M | $9.7M | ||
| Q1 25 | $31.4M | $9.4M | ||
| Q4 24 | $102.7M | $4.5M | ||
| Q3 24 | $33.0M | $10.6M | ||
| Q2 24 | $29.7M | $10.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 77.2% | ||
| Q2 25 | — | 78.7% | ||
| Q1 25 | — | 79.0% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.4% | ||
| Q2 24 | — | 81.1% |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 1.7% | ||
| Q3 25 | 14.1% | 0.6% | ||
| Q2 25 | 17.2% | 7.1% | ||
| Q1 25 | 15.5% | 6.3% | ||
| Q4 24 | 11.3% | 3.8% | ||
| Q3 24 | 20.7% | 7.8% | ||
| Q2 24 | 18.3% | 8.4% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 0.1% | ||
| Q3 25 | 13.5% | -3.1% | ||
| Q2 25 | 15.3% | 4.1% | ||
| Q1 25 | 14.4% | 3.8% | ||
| Q4 24 | 50.4% | 2.1% | ||
| Q3 24 | 16.0% | 5.3% | ||
| Q2 24 | 15.0% | 4.9% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $-0.10 | ||
| Q3 25 | $0.93 | $-0.36 | ||
| Q2 25 | $0.99 | $0.52 | ||
| Q1 25 | $0.86 | $0.49 | ||
| Q4 24 | $2.79 | $0.23 | ||
| Q3 24 | $0.90 | $0.56 | ||
| 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 | $158.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | — |
| Total Assets | $580.6M | $742.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $158.4M | ||
| Q3 25 | $76.1M | $145.3M | ||
| Q2 25 | $73.5M | $151.3M | ||
| Q1 25 | $56.9M | $179.6M | ||
| Q4 24 | $42.5M | $181.8M | ||
| Q3 24 | $62.4M | $364.9M | ||
| Q2 24 | $59.6M | $332.4M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | — | ||
| Q3 25 | $498.9M | $528.1M | ||
| Q2 25 | $455.6M | $531.1M | ||
| Q1 25 | $462.1M | $529.8M | ||
| Q4 24 | $519.3M | $532.1M | ||
| Q3 24 | $412.8M | $533.1M | ||
| Q2 24 | $371.4M | $512.2M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $742.9M | ||
| Q3 25 | $640.5M | $726.6M | ||
| Q2 25 | $567.4M | $734.5M | ||
| Q1 25 | $564.7M | $746.6M | ||
| Q4 24 | $626.7M | $748.2M | ||
| Q3 24 | $523.3M | $671.3M | ||
| Q2 24 | $479.3M | $631.4M |
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 | — | ||
| Q3 25 | $86.0M | $-2.0M | ||
| Q2 25 | $52.6M | $12.2M | ||
| Q1 25 | $38.5M | $15.5M | ||
| Q4 24 | $36.6M | $5.8M | ||
| Q3 24 | $57.8M | $29.5M | ||
| Q2 24 | $50.9M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | $-5.2M | ||
| Q2 25 | $52.4M | $7.2M | ||
| Q1 25 | $38.2M | $12.7M | ||
| Q4 24 | $36.4M | $4.0M | ||
| Q3 24 | $57.4M | $27.1M | ||
| Q2 24 | $50.8M | $5.3M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | -2.4% | ||
| Q2 25 | 22.2% | 3.0% | ||
| Q1 25 | 17.6% | 5.1% | ||
| Q4 24 | 17.9% | 1.9% | ||
| Q3 24 | 27.9% | 13.6% | ||
| Q2 24 | 25.8% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 0.1% | 2.1% | ||
| Q1 25 | 0.1% | 1.1% | ||
| Q4 24 | 0.1% | 0.8% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 0.0% | 1.3% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 1.27× | ||
| Q1 25 | 1.23× | 1.65× | ||
| Q4 24 | 0.36× | 1.29× | ||
| Q3 24 | 1.75× | 2.78× | ||
| Q2 24 | 1.71× | 0.77× |
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% |
USNA
Segment breakdown not available.
