APPFOLIO INC
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $950.8M | $794.2M | $620.4M | $471.9M | $359.4M |
| Operating income | $152.9M | $135.6M | $963,000 | -$72.4M | -$11.9M |
| Cost of revenue | — | — | — | — | $143.9M |
| Cash from operations | $242.1M | $188.2M | $60.3M | $25.4M | $35.4M |
| 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 |
| Total assets | $689.0M | $626.7M | $408.9M | $381.2M | $408.0M |
| Total liabilities | $146.4M | $107.4M | $111.6M | $115.7M | $110.6M |
Shares outstanding 35.4M · Free float 46.8%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.