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Side-by-side financial comparison of APPFOLIO INC (APPF) and YELP INC (YELP). Click either name above to swap in a different company.
YELP INC is the larger business by last-quarter revenue ($360.0M vs $262.2M, roughly 1.4× APPFOLIO INC). APPFOLIO INC runs the higher net margin — 16.2% vs 10.5%, a 5.7% gap on every dollar of revenue. On growth, APPFOLIO INC posted the faster year-over-year revenue change (20.4% vs -0.5%). Over the past eight quarters, APPFOLIO INC's revenue compounded faster (15.3% CAGR vs 4.0%).
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publishes crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San Francisco.
APPF vs YELP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $262.2M | $360.0M |
| Net Profit | $42.4M | $37.8M |
| Gross Margin | — | — |
| Operating Margin | 19.4% | 13.6% |
| Net Margin | 16.2% | 10.5% |
| Revenue YoY | 20.4% | -0.5% |
| Net Profit YoY | 35.2% | -10.5% |
| EPS (diluted) | $1.18 | $0.60 |
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 | $360.0M | ||
| Q3 25 | $249.4M | $376.0M | ||
| Q2 25 | $235.6M | $370.4M | ||
| Q1 25 | $217.7M | $358.5M | ||
| Q4 24 | $203.7M | $362.0M | ||
| Q3 24 | $205.7M | $360.3M | ||
| Q2 24 | $197.4M | $357.0M |
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $37.8M | ||
| Q3 25 | $33.6M | $39.3M | ||
| Q2 25 | $36.0M | $44.1M | ||
| Q1 25 | $31.4M | $24.4M | ||
| Q4 24 | $102.7M | $42.2M | ||
| Q3 24 | $33.0M | $38.4M | ||
| Q2 24 | $29.7M | $38.0M |
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 13.6% | ||
| Q3 25 | 14.1% | 14.1% | ||
| Q2 25 | 17.2% | 14.4% | ||
| Q1 25 | 15.5% | 8.2% | ||
| Q4 24 | 11.3% | 14.8% | ||
| Q3 24 | 20.7% | 12.9% | ||
| Q2 24 | 18.3% | 11.1% |
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 10.5% | ||
| Q3 25 | 13.5% | 10.5% | ||
| Q2 25 | 15.3% | 11.9% | ||
| Q1 25 | 14.4% | 6.8% | ||
| Q4 24 | 50.4% | 11.7% | ||
| Q3 24 | 16.0% | 10.7% | ||
| Q2 24 | 15.0% | 10.7% |
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $0.60 | ||
| Q3 25 | $0.93 | $0.61 | ||
| Q2 25 | $0.99 | $0.67 | ||
| Q1 25 | $0.86 | $0.36 | ||
| Q4 24 | $2.79 | $0.58 | ||
| 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 | $319.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $470.2M | $710.9M |
| Total Assets | $580.6M | $958.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $319.4M | ||
| Q3 25 | $76.1M | $333.6M | ||
| Q2 25 | $73.5M | $301.1M | ||
| Q1 25 | $56.9M | $324.4M | ||
| Q4 24 | $42.5M | $317.9M | ||
| Q3 24 | $62.4M | $397.0M | ||
| Q2 24 | $59.6M | $384.8M |
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $710.9M | ||
| Q3 25 | $498.9M | $733.2M | ||
| Q2 25 | $455.6M | $746.4M | ||
| Q1 25 | $462.1M | $728.0M | ||
| Q4 24 | $519.3M | $744.0M | ||
| Q3 24 | $412.8M | $739.5M | ||
| Q2 24 | $371.4M | $735.3M |
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $958.5M | ||
| Q3 25 | $640.5M | $989.9M | ||
| Q2 25 | $567.4M | $980.2M | ||
| Q1 25 | $564.7M | $985.2M | ||
| Q4 24 | $626.7M | $983.6M | ||
| Q3 24 | $523.3M | $980.2M | ||
| Q2 24 | $479.3M | $965.0M |
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 | $84.5M |
| Free Cash FlowOCF − Capex | — | $72.3M |
| FCF MarginFCF / Revenue | — | 20.1% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | 0.81× | 2.24× |
| TTM Free Cash FlowTrailing 4 quarters | — | $323.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $84.5M | ||
| Q3 25 | $86.0M | $131.5M | ||
| Q2 25 | $52.6M | $58.0M | ||
| Q1 25 | $38.5M | $98.0M | ||
| Q4 24 | $36.6M | $71.0M | ||
| Q3 24 | $57.8M | $102.3M | ||
| Q2 24 | $50.9M | $39.7M |
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | $72.3M | ||
| Q3 25 | $84.7M | $118.9M | ||
| Q2 25 | $52.4M | $45.0M | ||
| Q1 25 | $38.2M | $87.5M | ||
| Q4 24 | $36.4M | $60.0M | ||
| Q3 24 | $57.4M | $92.5M | ||
| Q2 24 | $50.8M | $30.1M |
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | 20.1% | ||
| Q3 25 | 34.0% | 31.6% | ||
| Q2 25 | 22.2% | 12.2% | ||
| Q1 25 | 17.6% | 24.4% | ||
| Q4 24 | 17.9% | 16.6% | ||
| Q3 24 | 27.9% | 25.7% | ||
| Q2 24 | 25.8% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.4% | ||
| Q3 25 | 0.5% | 3.3% | ||
| Q2 25 | 0.1% | 3.5% | ||
| Q1 25 | 0.1% | 2.9% | ||
| Q4 24 | 0.1% | 3.0% | ||
| Q3 24 | 0.2% | 2.7% | ||
| Q2 24 | 0.0% | 2.7% |
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 2.24× | ||
| Q3 25 | 2.56× | 3.34× | ||
| Q2 25 | 1.46× | 1.32× | ||
| Q1 25 | 1.23× | 4.02× | ||
| Q4 24 | 0.36× | 1.68× | ||
| Q3 24 | 1.75× | 2.66× | ||
| Q2 24 | 1.71× | 1.04× |
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% |
YELP
| Advertising Services | $231.4M | 64% |
| Advertising Restaurants And Other | $106.8M | 30% |
| Other Revenue | $21.8M | 6% |
