AppFolio, Inc.
Description
AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties. It offers AppFolio Property Manager Core, a platform that provides the basic functionalities required to operate a property management business, as well as serves as a system of record; AppFolio Property Manager Plus, which offers housing management, student housing management, complex accounting, leasing insights, large-scale operations support, role-based permissions, stack integrations, and enhanced customer support services; AppFolio Property Manager Max offers customer relationship management functionality, field customization, customer database functionality, and customer success management services; and AppFolio Investment Manager, a software that provides investment management, asset management, and relationship management solutions. The company also provides value-added services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as electronic payment, tenant screening, and insurance services. AppFolio, Inc. was incorporated in 2006 and is headquartered in Goleta, California.
About
CEO
Mr. Shane Trigg
Employees
1,504
Instrument type
Common Stock
Sector
Technology
Industry
Software - Application
MIC code
XNMS
Address
70 Castilian Drive, Goleta, CA 93117, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 31, 2025 | 0.94 | 0.92 | -0.02 | -2.13% |
| Oct 25, 2024 | 1.03 | 1.29 | 0.26 | 25.24% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 5 | 5 | 5 | 6 |
| Average estimate | 1.20 | 1.31 | 5.18 | 6.40 |
| Low estimate | 1.14 | 1.25 | 5.07 | 5.87 |
| High estimate | 1.25 | 1.37 | 5.38 | 7.04 |
| Last year EPS | 1.05 | 1.14 | 4.37 | 5.18 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
17.170%
Next qtr. (Jun 2025)
17.590%
Current year (Dec 2025)
21.260%
Next year (Dec 2026)
20.260%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 620.45M | 471.88M | 359.37M | 310.06M | 256.01M |
| Cost of revenue | 238.08M | 191.83M | 143.94M | 119.03M | 101.64M |
| Gross profit | 382.37M | 280.06M | 215.43M | 191.03M | 154.37M |
| Operating expense | |||||
| Research & development | 151.36M | 111.12M | 65.98M | 48.53M | 39.51M |
| Selling general and admin | 201.05M | 208.19M | 130.48M | 105.93M | 86.01M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 963,000 | -72.37M | -11.88M | 9.78M | 6.46M |
| Non operating interest income | |||||
| Income | 7.03M | 1.18M | 501,000 | — | — |
| Expense | — | — | — | — | — |
| Other income expense | 3,000 | 4.47M | 13.11M | 188.90M | 16,000 |
| Pretax income | 8.00M | -66.72M | 1.73M | 196.83M | 4.82M |
| Tax provision | 5.30M | 1.40M | 706,000 | 38.43M | -31.46M |
| Net income | 2.70M | -68.12M | 1.03M | 158.40M | 36.28M |
| Basic EPS | 0.08 | -1.95 | 0.03 | 4.62 | 1.07 |
| Diluted EPS | 0.07 | -1.95 | 0.03 | 4.44 | 1.02 |
| Basic average shares | 35.63M | 35.01M | 34.58M | 34.26M | 34.02M |
| Diluted average shares | 35.63M | 35.01M | 34.58M | 34.26M | 34.02M |
| EBITDA | 29.95M | -38.36M | 20.35M | 38.99M | 32.23M |
| Net income from continuing op. | 2.70M | -68.12M | 1.03M | 158.40M | 36.28M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 408.89M | 381.22M | 408.02M | 389.48M | 260.10M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 49.51M | 70.77M | 57.85M | 140.26M | 15.81M |
| Other short term investments | 162.20M | 89.30M | 64.60M | 28.26M | 22.88M |
| Accounts receivable | 20.71M | 16.50M | 12.60M | 10.06M | 7.56M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | 23.55M | 20.78M | 15.54M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 39.94M | 24.90M | 23.55M | 20.78M | 15.54M |
| Non current assets | |||||
| Properties | — | — | — | 30.56M | 27.80M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 13.72M | 15.08M | 13.34M | 13.94M | 13.08M |
| Construction in progress | 5.50M | 544,000 | 5.23M | 617,000 | 7.12M |
| Leases | 24.21M | 23.63M | 22.68M | 22.95M | 6.19M |
| Accumulated depreciation | -15.07M | -13.14M | -10.76M | -11.07M | -11.64M |
| Goodwill | 136.04M | 152.27M | 165.22M | 164.11M | 168.25M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 23.92M | 40.15M | 52.92M | 51.82M | 51.40M |
| Investments and advances | — | 25.16M | 61.08M | 6.77M | 12.09M |
| Other non current assets | 8.91M | 8.79M | 7.09M | 18.39M | 33.85M |
| Total liabilities | 111.58M | 115.67M | 110.64M | 103.56M | 128.15M |
| Current liabilities | |||||
| Accounts payable | 1.14M | 2.47M | 1.70M | 1.04M | 1.93M |
| Accrued expenses | 41.40M | 35.68M | 43.35M | 26.26M | 28.59M |
| Short term debt | 3.63M | 3.36M | — | — | 1.21M |
| Deferred revenue | — | — | 2.51M | 2.26M | 4.60M |
| Tax payable | — | — | 1.31M | 10.15M | — |
| Pensions | 15.89M | 14.30M | 13.10M | 5.64M | — |
| Other current liabilities | 3.54M | 2.87M | 7.59M | 4.45M | 11.14M |
| Non current liabilities | |||||
| Long term debt | 41.11M | 50.24M | 55.73M | 40.15M | 80.69M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | 1.68M | 13.61M | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 697,000 | 4.09M | 2.26M | — | 14,000 |
| Shareholders equity | |||||
| Common stock | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 |
| Retained earnings | 85.98M | 83.28M | 151.40M | 150.37M | -8.03M |
| Other shareholders equity | 99,000 | -1.68M | -194,000 | 56,000 | 33,000 |
| Total shareholders equity | 297.31M | 265.55M | 297.38M | 285.92M | 131.95M |
| Additional paid in capital | 236.99M | 209.70M | 171.93M | 161.25M | 161.51M |
| Treasury stock | 25.76M | 25.76M | 25.76M | 25.76M | 21.56M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 2.70M | -68.12M | 1.03M | 158.40M | 36.28M | 19.97M | 9.72M | -8.28M | -15.67M | -8.62M | -7.31M |
| Depreciation | 28.63M | 34.01M | 32.23M | 29.21M | 25.77M | 14.58M | 12.70M | 9.94M | 6.10M | 3.81M | 2.85M |
| Deferred Taxes | — | -993,000 | 250,000 | 29.00M | -31.46M | — | — | — | — | — | — |
| Stock-Based Compensation | 54.85M | 43.23M | 17.15M | 10.31M | 8.07M | 6.34M | 6.10M | 4.30M | 1.01M | 892,000 | 247,000 |
| Other Non-Cash Items | -7.88M | -818,000 | 499,000 | 125,000 | 32,000 | 224,000 | 121,000 | 63,000 | 456,000 | 26,000 | -1.34M |
| Accounts Receivable | -4.21M | -4.20M | -2.10M | -2.78M | -2.03M | -908,000 | -876,000 | -463,000 | -746,000 | -401,000 | -490,000 |
| Accounts Payable | -1.57M | 1.18M | 497,000 | -903,000 | 511,000 | 614,000 | -100,000 | -904,000 | -439,000 | 1.83M | -146,000 |
| Other Assets & Liabilities | -2.50M | -4.41M | -177,000 | -282,000 | 856,000 | -2.97M | -790,000 | 3.41M | 2.11M | 1.26M | 982,000 |
| Operating Cash Flow | 70.03M | -118,000 | 49.38M | 223.08M | 38.03M | 37.84M | 26.87M | 8.06M | -7.18M | -1.21M | -5.20M |
| Investing Activities | |||||||||||
| Capital Expenditures | -9.04M | -6.54M | -8.10M | -19.04M | -8.08M | -2.10M | -2.21M | -4.24M | -3.69M | -1.88M | -1.26M |
| Net Intangibles | — | — | — | — | -21.00M | — | -1,000 | -2,000 | -17,000 | -31,000 | -58,000 |
| Net Acquisitions | 629,000 | 5.16M | 12.92M | 191.43M | -54.00M | -14.44M | — | — | -4.04M | — | — |
| Purchase of Investments | -195.74M | -79.28M | -241.22M | -43.88M | -25.20M | -29.52M | -26.65M | -31.55M | -74.18M | — | — |
| Sale of Investments | 153.40M | 88.88M | 150.55M | 44.04M | 18.41M | 53.72M | 16.49M | 33.90M | 30.24M | — | 3.42M |
| Investing Cash Flow | -50.76M | 8.22M | -85.84M | 172.55M | -68.88M | 7.66M | -12.37M | -1.90M | -51.67M | -1.88M | 2.16M |
| Financing Activities | |||||||||||
| Long-Term Debt Issuance | — | — | — | 50.75M | 2.17M | 50.14M | 118,000 | 117,000 | 10.25M | — | — |
| Long-Term Debt Payments | — | — | — | -99.57M | -3.42M | -138,000 | -118,000 | -157,000 | -10.27M | -24,000 | — |
| Other Financing Charges | -28.56M | -10.64M | -9.96M | -18.17M | -6.58M | -3.13M | -1.80M | -111,000 | -7.40M | -24,000 | — |
| Financing Cash Flow | -28.56M | -10.64M | -9.96M | -71.18M | -7.83M | 25.17M | -1.80M | -151,000 | 72.16M | -48,000 | 11.88M |
| Other Cash Details | |||||||||||
| End Cash Position | 49.76M | 71.02M | 58.28M | 140.70M | 16.25M | 74.51M | 16.54M | 11.13M | 12.06M | 5.41M | 11.27M |
| Income Tax Paid | 4.73M | 3.93M | 1.62M | 85,000 | 545,000 | 82,000 | 30,000 | 27,000 | 91,000 | — | — |
| Interest Paid | 8.09M | 3.34M | 9.32M | 1.82M | 2.17M | 118,000 | 182,000 | 191,000 | 797,000 | — | — |
| Free Cash Flow | 46.42M | 4.14M | 2.67M | 3.22M | 9.81M | 21.86M | 16.70M | -3.91M | -18.23M | -6.00M | -8.06M |
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