Stocks Technology APPF
NASDAQ · TechnologyAppfolio Inc (APPF)
Appfolio Inc brought in $1.1B of revenue over the twelve months to September 30, 2026, up 20.0% from a year earlier. Net income was $169.9M, a net margin of 15.6%. Operating cash flow minus capital spending left $239M of free cash flow in fiscal 2025. At September 30, 2026 it held $258.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 22, 2026.
Key facts about Appfolio Inc
- Net worth
- Appfolio Inc has a market value (market cap) of $7.9B at the latest share price, and shareholders' equity of $582.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $950.8M (+19.7% year on year), with net income of $140.9M. Over the 12 months to September 30, 2026: revenue $1.1B, net income $169.9M.
- Cash flow
- In fiscal 2025 operations brought in $242.1M of cash; after $3.2M of capital spending, free cash flow was $239M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 22, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Appfolio Inc's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Appfolio Inc does
Appfolio Inc is registered with the SEC under industry code SIC 7372 (Services-Prepackaged Software). Its shares trade on NASDAQ under the ticker APPF.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $950.8M | $140.9M | $3.88 | $239M |
| 2024 | $794.2M | $204.1M | $5.55 | $186.1M |
| 2023 | $620.4M | $2.7M | $0.07 | $51.2M |
| 2022 | $471.9M | -$68.1M | -$1.95 | $18.8M |
| 2021 | $359.4M | $1M | $0.03 | $27.3M |
| 2020 | $310.1M | $158.4M | $4.44 | $29.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where APPF ranks in Technology
Latest SEC filings
What Appfolio Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 22, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 19% to $295.7M versus the same quarter last year; diluted EPS $1.29 versus $0.93.
- October 22, 2026
- August 13, 2026Activist stake changed SCHEDULE 13D/A
- August 5, 2026Passive stake changed SCHEDULE 13G/A
- July 23, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 19% to $281.1M versus the same quarter last year; diluted EPS $1.17 versus $0.99.
- July 23, 2026
- July 1, 2026
- July 1, 2026
- June 15, 2026
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
What is APPF worth? A DCF from its reported cash flow
Insider trades
What the people running Appfolio Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $14.8M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1) | 1,600 | $384.2K |
| November 5, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1), indirect | 1,600 | $384K |
| November 5, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1), indirect | 1,600 | $384.2K |
| November 4, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1) | 2,200 | $528.3K |
| November 4, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1), indirect | 1,600 | $384K |
| November 4, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1), indirect | 2,200 | $528.2K |
| August 21, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1), indirect | 8 | $1.7K |
| August 21, 2026 | Duca Maurice J10% owner | Soldpre-planned (10b5-1), indirect | 17 | $3.7K |
Who owns APPF
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Maurice J Duca13D, may seek influence | 21.2% | August 13, 2026 |
| Klaus Schauser13G, passive | 11.1% | November 14, 2025 |
| Principal Global Investors13G, passive | 6.4% | August 5, 2026 |
| Vanguard Portfolio Management13G, passive | 6.12% | April 28, 2026 |
| Ashe Capital Management, LP13G, passive | 5.8% | August 14, 2025 |
| Vanguard Capital Management13G, passive | 5.05% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 394 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 2,645,927 | +98,829 |
| Principal Financial Group Inc | 1,605,135 | +99,253 |
| Vanguard Portfolio Management LLC | 1,490,058 | +4,685 |
| Ashe Capital Management, LP | 1,047,915 | 0 |
| Vanguard Capital Management LLC | 1,041,438 | -6,507 |
| State Street Corp | 766,131 | +44,474 |
| William Blair Investment Management, LLC | 721,826 | +78,595 |
| London Co of Virginia | 703,151 | new |
| Nellore Capital Management LLC | 654,865 | +18,563 |
| Morgan Stanley | 581,826 | +274,536 |
| Geode Capital Management, LLC | 509,837 | +3,548 |
| Lead Edge Capital Management, LLC | 399,656 | +189,396 |
| Neuberger Berman Group LLC | 394,158 | +392,652 |
| Kayne Anderson Rudnick Investment Management LLC | 351,847 | -102,616 |
| Keenan Capital, LLC | 334,557 | 0 |
| Invesco Ltd. | 334,088 | +228,367 |
| Dimensional Fund Advisors LP | 321,989 | +25,362 |
| DF Dent & Co Inc | 318,951 | -1,561 |
| Long Walk Management LP | 304,875 | +100,375 |
| Bank of America Corp | 297,074 | -48,529 |
Insiders
15 insiders reported holding 718,391 shares in total, about $160.3M at the last price.
| Holder | Shares |
|---|---|
| Schauser Klaus10% owner | 505,000505,000 held indirectly |
| Trigg William ShaneChief Executive Officer, Director | 70,772 |
| Duca Maurice J10% owner | 54,90527,700 held indirectly |
| Barat Elizabeth ErinChief People Officer | 20,301 |
| Eaton Timothy MathiasChief Financial Officer | 16,714 |
| Kerr JanetDirector | 10,35210,352 held indirectly |
| Webb Winifred MarkusDirector | 9,225 |
| Bundy Scanlan AgnesDirector | 7,343 |
| Pickering EvanGeneral Counsel | 5,167 |
| Rigler DonPrincipal Accounting Officer | 4,025 |
Questions about APPF
What does Appfolio Inc do?
Appfolio Inc is a company in the Technology sector, listed on NASDAQ as APPF. Its shares trade on NASDAQ under the ticker APPF.
What is Appfolio Inc's net worth?
Appfolio Inc has a market value (market cap) of $7.9B at the latest share price, and shareholders' equity of $582.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Appfolio Inc profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $169.9M on revenue of $1.1B, a net margin of 15.6%.
How much revenue does Appfolio Inc make?
Over the twelve months to September 30, 2026 Appfolio Inc reported revenue of $1.1B. That is 20.0% more than a year earlier.
When did Appfolio Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 22, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 6, 2026.
When is Appfolio Inc's next earnings report?
Appfolio Inc's next report is expected around January 28, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Appfolio Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.