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APPFOLIO INC（APPF）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
APPFOLIO INC的季度营收约是BRC Group Holdings, Inc.的1.4倍（$262.2M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 16.2%，领先31.8%），APPFOLIO INC同比增速更快（20.4% vs -21.9%），过去两年APPFOLIO INC的营收复合增速更高（15.3% vs -15.4%）
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
APPF vs RILY — 直观对比
营收规模更大
APPF
是对方的1.4倍
$188.3M
营收增速更快
APPF
高出42.3%
-21.9%
净利率更高
RILY
高出31.8%
16.2%
两年增速更快
APPF
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $188.3M |
| 净利润 | $42.4M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 19.4% | 32.3% |
| 净利率 | 16.2% | 47.9% |
| 营收同比 | 20.4% | -21.9% |
| 净利润同比 | 35.2% | 1710.8% |
| 每股收益（稀释后） | $1.18 | $2.78 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APPFRILY
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $188.3M | ||
| Q3 25 | $249.4M | $215.3M | ||
| Q2 25 | $235.6M | $188.2M | ||
| Q1 25 | $217.7M | $197.2M | ||
| Q4 24 | $203.7M | $241.0M | ||
| Q3 24 | $205.7M | $225.5M | ||
| Q2 24 | $197.4M | $256.0M |
净利润APPFRILY
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $90.3M | ||
| Q3 25 | $33.6M | $91.1M | ||
| Q2 25 | $36.0M | $139.5M | ||
| Q1 25 | $31.4M | $-10.0M | ||
| Q4 24 | $102.7M | $-5.6M | ||
| Q3 24 | $33.0M | $-284.4M | ||
| Q2 24 | $29.7M | $-433.6M |
毛利率APPFRILY
| Q1 26 | — | — | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 83.7% | ||
| Q2 25 | — | 81.3% | ||
| Q1 25 | — | 81.4% | ||
| Q4 24 | — | 79.8% | ||
| Q3 24 | — | 82.1% | ||
| Q2 24 | — | 84.5% |
营业利润率APPFRILY
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 32.3% | ||
| Q3 25 | 14.1% | 30.4% | ||
| Q2 25 | 17.2% | 5.7% | ||
| Q1 25 | 15.5% | -31.2% | ||
| Q4 24 | 11.3% | -69.2% | ||
| Q3 24 | 20.7% | -36.4% | ||
| Q2 24 | 18.3% | -90.8% |
净利率APPFRILY
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 47.9% | ||
| Q3 25 | 13.5% | 42.3% | ||
| Q2 25 | 15.3% | 74.1% | ||
| Q1 25 | 14.4% | -5.1% | ||
| Q4 24 | 50.4% | -2.3% | ||
| Q3 24 | 16.0% | -126.1% | ||
| Q2 24 | 15.0% | -169.4% |
每股收益（稀释后）APPFRILY
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $2.78 | ||
| Q3 25 | $0.93 | $2.91 | ||
| Q2 25 | $0.99 | $4.50 | ||
| Q1 25 | $0.86 | $-0.39 | ||
| Q4 24 | $2.79 | $-0.01 | ||
| Q3 24 | $0.90 | $-9.39 | ||
| Q2 24 | $0.81 | $-14.35 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $147.4M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $470.2M | $-171.5M |
| 总资产 | $580.6M | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APPFRILY
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $226.6M | ||
| Q3 25 | $76.1M | $184.2M | ||
| Q2 25 | $73.5M | $267.4M | ||
| Q1 25 | $56.9M | $138.3M | ||
| Q4 24 | $42.5M | $146.9M | ||
| Q3 24 | $62.4M | $159.2M | ||
| Q2 24 | $59.6M | $236.9M |
总债务APPFRILY
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益APPFRILY
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $-171.5M | ||
| Q3 25 | $498.9M | $-260.5M | ||
| Q2 25 | $455.6M | $-351.7M | ||
| Q1 25 | $462.1M | $-496.8M | ||
| Q4 24 | $519.3M | $-488.2M | ||
| Q3 24 | $412.8M | $-497.6M | ||
| Q2 24 | $371.4M | $-218.3M |
总资产APPFRILY
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $1.7B | ||
| Q3 25 | $640.5M | $1.7B | ||
| Q2 25 | $567.4M | $1.5B | ||
| Q1 25 | $564.7M | $1.5B | ||
| Q4 24 | $626.7M | $1.8B | ||
| Q3 24 | $523.3M | $2.2B | ||
| Q2 24 | $479.3M | $3.2B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $34.3M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.81× | 0.29× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流APPFRILY
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $26.2M | ||
| Q3 25 | $86.0M | $-60.6M | ||
| Q2 25 | $52.6M | $-25.6M | ||
| Q1 25 | $38.5M | $184.0K | ||
| Q4 24 | $36.6M | $-2.7M | ||
| Q3 24 | $57.8M | $19.5M | ||
| Q2 24 | $50.9M | $111.5M |
自由现金流APPFRILY
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
自由现金流率APPFRILY
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
资本支出强度APPFRILY
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
现金转化率APPFRILY
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 0.29× | ||
| Q3 25 | 2.56× | -0.66× | ||
| Q2 25 | 1.46× | -0.18× | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 1.75× | — | ||
| Q2 24 | 1.71× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
