APPF - AppFolio, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$236.67
DETAILS
HIGH:
$255.00
LOW:
$210.00
MEDIAN:
$245.00
CONSENSUS:
$236.67
UPSIDE:
43.51%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 950.8 | 794.2 | 620.4 | 471.9 | 359.4 | 310.1 | 256.0 | 190.1 | 143.8 | 105.6 | 75.0 | 47.7 | 26.5 |
| Cost of Revenue | 368.0 | 301.6 | 238.1 | 191.8 | 143.9 | 119.0 | 101.6 | 73.5 | 55.3 | 44.6 | 33.9 | 22.6 | 13.6 |
| Gross Profit | 582.8 | 492.6 | 382.4 | 280.1 | 215.4 | 191.0 | 154.4 | 116.5 | 88.5 | 61.0 | 41.1 | 25.1 | 12.9 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 190.4 | 160.4 | 151.4 | 111.1 | 66.0 | 48.5 | 39.5 | 24.1 | 16.6 | 12.6 | 9.6 | 6.5 | 5.1 |
| SG&A Expenses | 239.5 | 196.6 | 201.1 | 208.2 | 130.5 | 105.9 | 86.0 | 58.2 | 49.9 | 46.8 | 40.4 | 23.4 | 12.6 |
| Other Expenses | 0 | 0 | 29.0 | 33.1 | 30.8 | 26.8 | 22.4 | (0.1) | (0.1) | (0.0) | 0.0 | (0.1) | 0.3 |
| Operating Expenses | 429.9 | 356.9 | 381.4 | 352.4 | 227.3 | 181.2 | 147.9 | 96.9 | 79.2 | 69.4 | 56.1 | 33.7 | 20.5 |
| Operating Income | |||||||||||||
| Operating Income | 152.9 | 135.6 | 1.0 | (72.4) | (11.9) | 9.8 | 6.5 | 19.7 | 9.3 | (8.4) | (15.0) | (8.6) | (7.6) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 1.8 | 1.7 | 0 | 0.5 | 0.2 | 0.6 | 0 | 0 |
| Interest Income | 8.2 | 14.0 | 7.0 | 1.2 | 0.5 | 0 | 0 | 0.8 | 0 | 0 | 0 | 0.1 | 0.0 |
| Profitability | |||||||||||||
| EBITDA | 183.8 | 169.9 | 29.6 | (36.1) | 22.2 | 229.2 | 33.0 | 34.2 | 22.0 | 1.5 | (8.9) | (4.8) | (4.5) |
| EBIT | 161.1 | 150.3 | 1.0 | (72.4) | (11.9) | 198.7 | 6.5 | 19.7 | 9.3 | (8.4) | (15.0) | (8.6) | (7.6) |
| Income Before Tax | 161.1 | 150.3 | 8.0 | (66.7) | 1.7 | 196.8 | 4.8 | 20.4 | 9.8 | (8.2) | (15.6) | (8.6) | (7.3) |
| Income Tax Expense | 20.2 | (53.7) | 5.3 | 1.4 | 0.7 | 38.4 | (31.5) | 0.4 | 0.1 | 0.1 | 0.1 | (0.1) | (0.0) |
| Net Income | 140.9 | 204.1 | 2.7 | (68.1) | 1.0 | 158.4 | 36.3 | 20.0 | 9.7 | (8.3) | (15.7) | (8.6) | (7.3) |
| Per Share Data | |||||||||||||
| EPS (Basic) | 3.91 | 5.63 | 0.08 | -1.95 | 0.03 | 4.62 | 1.07 | 0.59 | 0.29 | -0.25 | -0.73 | -0.33 | -0.28 |
| EPS (Diluted) | 3.88 | 5.55 | 0.07 | -1.95 | 0.03 | 4.44 | 1.02 | 0.56 | 0.28 | -0.25 | -0.73 | -0.33 | -0.28 |
| Shares Outstanding | 36.0 | 36.3 | 35.6 | 35.0 | 34.6 | 34.3 | 34.0 | 34.1 | 33.8 | 33.1 | 21.3 | 25.8 | 25.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 107.2 | 42.8 | 49.5 | 70.8 | 57.8 | 140.3 | 15.8 | 74.1 | 16.1 | 10.7 |
| Short-Term Investments | 144.3 | 235.7 | 162.2 | 89.3 | 64.6 | 28.3 | 22.9 | 16.6 | 29.8 | 15.5 |
| Net Receivables | 64.0 | 24.3 | 20.7 | 16.5 | 12.6 | 10.1 | 7.6 | 5.5 | 3.4 | 2.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 11.0 | 32.8 | 39.9 | 24.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 342.1 | 335.4 | 272.4 | 201.5 | 158.6 | 199.4 | 61.8 | 108.0 | 53.8 | 32.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 39.2 | 42.0 | 47.6 | 49.6 | 72.2 | 57 | 42.5 | 6.9 | 6.7 | 7.1 |
| Goodwill | 96.4 | 96.4 | 56.1 | 56.1 | 56.1 | 56.1 | 58.4 | 15.5 | 6.7 | 6.7 |
| Intangible Assets | 50.1 | 64.5 | 23.9 | 40.1 | 52.9 | 51.8 | 51.4 | 26.4 | 19.3 | 18.6 |
| Long-Term Investments | 77.0 | 0 | 0 | 25.2 | 61.1 | 6.8 | 12.1 | 11.3 | 22.4 | 26.7 |
| Other Non-Current Assets | 25.3 | 11.5 | 8.9 | 8.8 | 7.1 | 6.2 | 6.3 | 7.7 | 1.2 | 1.2 |
| Total Non-Current Assets | 380.1 | 291.3 | 136.5 | 179.7 | 249.4 | 190.1 | 198.3 | 67.7 | 56.4 | 60.4 |
| Total Assets | 722.3 | 626.7 | 408.9 | 381.2 | 408.0 | 389.5 | 260.1 | 175.7 | 110.2 | 92.6 |
| Current Liabilities | ||||||||||
| Account Payables | 4.1 | 2.4 | 1.1 | 2.5 | 1.7 | 1.0 | 1.9 | 1.5 | 0.6 | 0.9 |
| Short-Term Debt | 4.9 | 4.3 | 3.6 | 3.4 | 1.9 | 1.8 | 4.0 | 1.2 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 2.5 | 2.3 | 4.6 | 3.4 | 7.1 | 7.6 |
| Other Current Liabilities | 38.1 | 26.5 | 29.4 | 21.1 | 16.4 | 16.7 | 19.1 | 9.7 | 5.5 | 5.2 |
| Total Current Liabilities | 106.8 | 63.3 | 69.8 | 61.3 | 52.6 | 49.8 | 47.5 | 28.2 | 23.9 | 21.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 33.3 | 0 | 0 | 0 | 0 | 0 | 47.4 | 48.6 | 0 | 0 |
| Deferred Tax Liabilities | 33.3 | 0 | 0 | 0 | 1.7 | 13.6 | 25.5 | 0 | 0 | 0 |
| Other Non-Current Liabilities | (27.0) | 6.6 | 0.7 | 4.1 | 0.6 | 0 | 0.0 | 7.1 | 1.3 | 1.5 |
| Total Non-Current Liabilities | 72.8 | 44.1 | 41.8 | 54.3 | 58.0 | 53.8 | 106.2 | 55.7 | 1.3 | 1.5 |
| Total Liabilities | 179.7 | 107.4 | 111.6 | 115.7 | 110.6 | 103.6 | 128.2 | 83.9 | 25.2 | 22.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 431.0 | 290.0 | 86.0 | 83.3 | 151.4 | 150.4 | (8.0) | (44.3) | (67.2) | (77.0) |
| Accumulated Other Comprehensive Income | 0.0 | 0.2 | 0.1 | (1.7) | (0.2) | 0.1 | 0.0 | (0.2) | (0.2) | (0.1) |
| Total Stockholders' Equity | 542.6 | 519.3 | 297.3 | 265.5 | 297.4 | 285.9 | 131.9 | 91.8 | 85.1 | 69.7 |
| Total Liabilities & Equity | 722.3 | 626.7 | 408.9 | 381.2 | 408.0 | 389.5 | 260.1 | 175.7 | 110.2 | 92.6 |
| Debt Metrics | ||||||||||
| Total Debt | 71.4 | 41.7 | 44.7 | 53.6 | 57.6 | 42.0 | 84.7 | 49.8 | 0 | 0 |
| Net Debt | (35.8) | (1.0) | (4.8) | (17.2) | (0.2) | (98.3) | 68.9 | (24.3) | (16.1) | (10.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 140.9 | 204.1 | 2.7 | (68.1) | 1.0 | 158.4 | 36.3 | 20.0 | 9.7 | (8.3) |
| Depreciation & Amortization | 24.9 | 21.6 | 28.6 | 36.3 | 32.2 | 29.2 | 25.8 | 14.6 | 12.7 | 9.9 |
| Stock-Based Compensation | 70.8 | 0 | 54.9 | 0 | 17.2 | 10.3 | 8.1 | 6.3 | 6.1 | 4.3 |
| Change in Working Capital | (17.4) | (12.7) | (18.0) | (0.8) | (2.4) | 8.9 | 0.2 | (4.8) | 0.7 | 5.0 |
| Other Non-Cash Items | 4.7 | 52.1 | (7.4) | 58.9 | (12.9) | (187.5) | 0.0 | 0.1 | 0.1 | 0.1 |
| Operating Cash Flow | 242.1 | 188.2 | 60.3 | 25.4 | 35.4 | 48.3 | 38.9 | 36.3 | 29.4 | 11.5 |
| Investing Activities | ||||||||||
| Capital Expenditure | (3.2) | (2.0) | (13.9) | (6.5) | (32.7) | (45.1) | (29.1) | (14.4) | (12.7) | (15.4) |
| Acquisitions | (0.9) | (77.4) | 0.6 | 5.1 | 12.9 | 191.4 | (54.0) | (14.4) | 10.5 | 11.2 |
| Purchases of Investments | (303.9) | (317.2) | (195.7) | (79.3) | (241.2) | (43.9) | (25.2) | (29.5) | (26.6) | (31.6) |
| Sales/Maturities of Investments | 321.6 | 250.0 | 153.4 | 88.9 | 150.6 | 44.0 | 18.4 | 53.7 | 16.5 | 33.9 |
| Other Investing Activities | (3.4) | 0 | (4.8) | 0.0 | (24.6) | (26.0) | (21.0) | 11.9 | (10.5) | (11.2) |
| Investing Cash Flow | 10.2 | (151.8) | (55.6) | (6.5) | (110.5) | 146.5 | (89.9) | (4.6) | (22.8) | (13.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (4.3) | 0 | 0 | 0 | 0 | (48.8) | (1.2) | 50 | 0 | (0.0) |
| Stock Repurchased | (189.0) | 0 | 0 | 0 | 0 | (4.2) | 0 | (21.6) | (1.8) | (0.1) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (39.0) | (47.3) | (26.0) | (10.6) | (7.3) | (17.4) | (6.0) | 1.0 | (1.1) | 0.2 |
| Financing Cash Flow | (187.9) | (43.4) | (26.0) | (6.2) | (7.3) | (70.4) | (7.3) | 26.3 | (1.1) | 0.2 |
| Cash Position | ||||||||||
| Net Change in Cash | 64.5 | (6.8) | (21.3) | 12.9 | (82.4) | 124.5 | (58.3) | 58.0 | 5.4 | (1.4) |
| Cash at Beginning | 42.8 | 49.5 | 71.0 | 57.8 | 140.7 | 16.2 | 74.5 | 16.5 | 10.7 | 12.1 |
| Cash at End | 107.2 | 42.8 | 49.8 | 70.8 | 58.3 | 140.7 | 16.2 | 74.5 | 16.1 | 10.7 |
| Free Cash Flow | 238.9 | 186.1 | 46.4 | 18.8 | 2.7 | 3.2 | 9.8 | 21.9 | 16.7 | (3.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 950.8 | 794.2 | 620.4 | 471.9 | 359.4 | 310.1 | 256.0 | 190.1 | 143.8 | 105.6 | 75.0 | 47.7 | 26.5 |
| Gross Profit | 582.8 | 492.6 | 382.4 | 280.1 | 215.4 | 191.0 | 154.4 | 116.5 | 88.5 | 61.0 | 41.1 | 25.1 | 12.9 |
| Operating Income | 152.9 | 135.6 | 1.0 | (72.4) | (11.9) | 9.8 | 6.5 | 19.7 | 9.3 | (8.4) | (15.0) | (8.6) | (7.6) |
| Net Income | 140.9 | 204.1 | 2.7 | (68.1) | 1.0 | 158.4 | 36.3 | 20.0 | 9.7 | (8.3) | (15.7) | (8.6) | (7.3) |
| EPS (Diluted) | 3.88 | 5.55 | 0.07 | -1.95 | 0.03 | 4.44 | 1.02 | 0.56 | 0.28 | -0.25 | -0.73 | -0.33 | -0.28 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 107.2 | 42.8 | 49.5 | 70.8 | 57.8 | 140.3 | 15.8 | 74.1 | 16.1 | 10.7 | |||
| Total Assets | 722.3 | 626.7 | 408.9 | 381.2 | 408.0 | 389.5 | 260.1 | 175.7 | 110.2 | 92.6 | |||
| Total Debt | 71.4 | 41.7 | 44.7 | 53.6 | 57.6 | 42.0 | 84.7 | 49.8 | 0 | 0 | |||
| Stockholders' Equity | 542.6 | 519.3 | 297.3 | 265.5 | 297.4 | 285.9 | 131.9 | 91.8 | 85.1 | 69.7 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 242.1 | 188.2 | 60.3 | 25.4 | 35.4 | 48.3 | 38.9 | 36.3 | 29.4 | 11.5 | |||
| Capital Expenditure | (3.2) | (2.0) | (13.9) | (6.5) | (32.7) | (45.1) | (29.1) | (14.4) | (12.7) | (15.4) | |||
| Free Cash Flow | 238.9 | 186.1 | 46.4 | 18.8 | 2.7 | 3.2 | 9.8 | 21.9 | 16.7 | (3.9) | |||