APPFOLIO INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $950.8M | $794.2M | $620.4M | $471.9M | $359.4M |
| Cost of revenue | — | — | — | — | $143.9M |
| Research and development | $190.4M | $160.4M | $151.4M | $111.1M | $66.0M |
| Operating income | $152.9M | $135.6M | $963,000 | -$72.4M | -$11.9M |
| Pretax income | $161.1M | $150.3M | $8.0M | -$66.7M | $1.7M |
| Income tax expense | $20.2M | -$53.7M | $5.3M | $1.4M | $706,000 |
| Net income | $140.9M | $204.1M | $2.7M | -$68.1M | $1.0M |
| Balance Sheet | |||||
| Cash and equivalents | $107.0M | $42.5M | $49.5M | $70.8M | $57.8M |
| Current assets | $353.3M | $335.4M | $272.4M | $201.5M | $158.6M |
| Total assets | $689.0M | $626.7M | $408.9M | $381.2M | $408.0M |
| Current liabilities | $106.8M | $63.3M | $69.8M | $61.3M | $52.6M |
| Total liabilities | $146.4M | $107.4M | $111.6M | $115.7M | $110.6M |
| Stockholders' equity | $542.6M | $519.3M | $297.3M | $265.5M | $297.4M |
| Cash Flow Statement | |||||
| Cash from operations | $242.1M | $188.2M | $60.3M | $25.4M | $35.4M |
| Depreciation and amortization | $22.7M | $19.5M | $29.0M | $30.8M | $29.0M |
| Stock-based compensation | $70.8M | $60.3M | $52.4M | $43.2M | $17.2M |
| Capital expenditure | $3.2M | $2.0M | $9.0M | $6.5M | $8.1M |
| Free cash flow | $238.9M | $186.1M | $51.2M | $18.8M | $27.3M |
| Share repurchases | $145.7M | $0 | $0 | $0 | $0 |
| Impairments | $0 | $0 | $0 | $22.0M | $0 |
Shares outstanding 35.4M · Free float 46.8%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.