vs
Side-by-side financial comparison of APPFOLIO INC (APPF) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
APPFOLIO INC is the larger business by last-quarter revenue ($262.2M vs $249.0M, roughly 1.1× XPLR Infrastructure, LP). APPFOLIO INC runs the higher net margin — 16.2% vs 11.2%, a 4.9% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -15.3%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs -1.6%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
APPF vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $249.0M |
| Net Profit | $42.4M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | -19.3% |
| Net Margin | 16.2% | 11.2% |
| Revenue YoY | 20.4% | -15.3% |
| Net Profit YoY | 35.2% | 124.3% |
| EPS (diluted) | $1.18 | — |
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 | — | ||
| Q4 25 | $248.2M | $249.0M | ||
| Q3 25 | $249.4M | $315.0M | ||
| Q2 25 | $235.6M | $342.0M | ||
| Q1 25 | $217.7M | $282.0M | ||
| Q4 24 | $203.7M | $294.0M | ||
| Q3 24 | $205.7M | $319.0M | ||
| Q2 24 | $197.4M | $360.0M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $28.0M | ||
| Q3 25 | $33.6M | $-37.0M | ||
| Q2 25 | $36.0M | $79.0M | ||
| Q1 25 | $31.4M | $-98.0M | ||
| Q4 24 | $102.7M | $-115.0M | ||
| Q3 24 | $33.0M | $-40.0M | ||
| Q2 24 | $29.7M | $62.0M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | -19.3% | ||
| Q3 25 | 14.1% | 1.6% | ||
| Q2 25 | 17.2% | 26.3% | ||
| Q1 25 | 15.5% | -82.6% | ||
| Q4 24 | 11.3% | -188.1% | ||
| Q3 24 | 20.7% | 15.4% | ||
| Q2 24 | 18.3% | 18.3% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 11.2% | ||
| Q3 25 | 13.5% | -11.7% | ||
| Q2 25 | 15.3% | 23.1% | ||
| Q1 25 | 14.4% | -34.8% | ||
| Q4 24 | 50.4% | -39.1% | ||
| Q3 24 | 16.0% | -12.5% | ||
| Q2 24 | 15.0% | 17.2% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | — | ||
| Q3 25 | $0.93 | $-0.40 | ||
| Q2 25 | $0.99 | $0.84 | ||
| Q1 25 | $0.86 | $-1.05 | ||
| Q4 24 | $2.79 | — | ||
| Q3 24 | $0.90 | $-0.43 | ||
| Q2 24 | $0.81 | $0.66 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $470.2M | $10.9B |
| Total Assets | $580.6M | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $960.0M | ||
| Q3 25 | $76.1M | $711.0M | ||
| Q2 25 | $73.5M | $880.0M | ||
| Q1 25 | $56.9M | $1.5B | ||
| Q4 24 | $42.5M | $283.0M | ||
| Q3 24 | $62.4M | $290.0M | ||
| Q2 24 | $59.6M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $10.9B | ||
| Q3 25 | $498.9M | $11.0B | ||
| Q2 25 | $455.6M | $11.3B | ||
| Q1 25 | $462.1M | $12.6B | ||
| Q4 24 | $519.3M | $12.9B | ||
| Q3 24 | $412.8M | $13.6B | ||
| Q2 24 | $371.4M | $13.9B |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $19.6B | ||
| Q3 25 | $640.5M | $19.1B | ||
| Q2 25 | $567.4M | $20.5B | ||
| Q1 25 | $564.7M | $21.4B | ||
| Q4 24 | $626.7M | $20.3B | ||
| Q3 24 | $523.3M | $20.9B | ||
| Q2 24 | $479.3M | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | 0.81× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $186.0M | ||
| Q3 25 | $86.0M | $231.0M | ||
| Q2 25 | $52.6M | $232.0M | ||
| Q1 25 | $38.5M | $90.0M | ||
| Q4 24 | $36.6M | $283.0M | ||
| Q3 24 | $57.8M | $208.0M | ||
| Q2 24 | $50.9M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $-88.0M | ||
| Q3 25 | $84.7M | $-283.0M | ||
| Q2 25 | $52.4M | $151.0M | ||
| Q1 25 | $38.2M | $1.0M | ||
| Q4 24 | $36.4M | $231.0M | ||
| Q3 24 | $57.4M | $152.0M | ||
| Q2 24 | $50.8M | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | -35.3% | ||
| Q3 25 | 34.0% | -89.8% | ||
| Q2 25 | 22.2% | 44.2% | ||
| Q1 25 | 17.6% | 0.4% | ||
| Q4 24 | 17.9% | 78.6% | ||
| Q3 24 | 27.9% | 47.6% | ||
| Q2 24 | 25.8% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 110.0% | ||
| Q3 25 | 0.5% | 163.2% | ||
| Q2 25 | 0.1% | 23.7% | ||
| Q1 25 | 0.1% | 31.6% | ||
| Q4 24 | 0.1% | 17.7% | ||
| Q3 24 | 0.2% | 17.6% | ||
| Q2 24 | 0.0% | 19.2% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 6.64× | ||
| Q3 25 | 2.56× | — | ||
| Q2 25 | 1.46× | 2.94× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | 3.73× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
