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Earnings transcript
Read the complete earnings call transcript.
APPF
AppFolio Inc.
$223.18
0.13
(0.06%)
| Exchange: | NASDAQ |
| Market Cap: | 7.974B |
| Shares Outstanding: | 25.764M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Shane Trigg | |||||
| Full Time Employees: | 1702 | |||||
| Address: |
| |||||
| Website: | https://www.appfolio.com |
AppFolio, Inc., together with its subsidiaries, provides cloud-based platform for the real estate industry in the United States. The company provides a cloud-based platform that assist with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services. It offers AppFolio Property Manager Core, a platform that provides the accounting functionalities for small property management companies, as well as serves as a system of record; AppFolio Property Manager Plus, which offers affordable housing and student housing, advanced accounting, advanced data analysis, and read-only API access services; and AppFolio Property Manager Max that provides customer relationship management tools and full database access through a read and write application programming interface services. The company also provides value-added services, such as electronic payment, tenant screening, maintenance, business optimization, resident, and risk mitigation services. It serves property managers, property investors, potential residents, residents, and vendors. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.
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Revenue Segmentation
EPS
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Earnings Call
AI summary
Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 620,445 | 794,202 | 950,822 |
| Gross Profit | 382,369 | 492,590 | 582,830 |
| EBITDA | 36,629 | 169,867 | 183,763 |
| Operating Income | 963 | 135,644 | 152,917 |
| Net Income | 2,702 | 204,068 | 140,923 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 408,889 | 626,678 | 688,967 |
| Total Liabilities | 111,577 | 107,388 | 146,388 |
| Total Stockholders Equity | 297,312 | 519,290 | 542,579 |
| Total Debt | 44,740 | 41,749 | 33,287 |
| Cash and Cash Equivalents | 49,509 | 42,504 | 106,967 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 60,283 | 188,159 | 242,105 |
| Capital Expenditure | -9,041 | -2,016 | -3,155 |
| Free Cash Flow | 51,242 | 186,143 | 238,950 |
| Net Income | 2,702 | 204,068 | 140,923 |
| Net Change in Cash | -21,260 | -7,005 | 64,463 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,531,937.535 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 1,580,692.046 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 1,553,487.841 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 580,400.447 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 598,871.918 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 588,565.145 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 347,242.173 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 411,915.860 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 384,206.650 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 498,708.032 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 514,579.610 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 505,723.534 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 10.480 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 11.340 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 9.560 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 3 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: AppFolio reported a revenue of $236 million in Q2 2025, reflecting strong top-line growth as highlighted in the earnings call transcript. This performance indicates effective market penetration and customer acquisition within the software and real estate technology sector.
- Operational Efficiency: The earnings call summary emphasizes operational efficiency, with strategic investments in AI contributing to improved margins. Key metrics such as gross profit margin TTM and net profit margin TTM (specific figures to be referenced from data) likely support a healthy profitability profile compared to industry averages.
- Strong Market Positioning: The company’s focus on innovation, as noted in the Q2 2025 earnings call, through AI and strategic partnerships, positions AppFolio as a leader in its niche within the technology sector, potentially outpacing competitors in the industry.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates APPF intrinsic value between $74.46 – $91.11 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about APPF valuation
Is AppFolio Inc. (APPF) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for AppFolio Inc. (APPF) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is APPF a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether APPF trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is APPF’s P/E ratio?
You can see APPF’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for APPF?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is APPF a good long-term investment?
Whether APPF fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
APPF
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Daily snapshot
0.06
Trading Metrics:
| Open: | 217.82 | Previous Close: | 223.05 | |
| Day Low: | 217.82 | Day High: | 223.55 | |
| Year Low: | 142.56 | Year High: | 288.74 | |
| Price Avg 50: | 181.34 | Price Avg 200: | 188.48 | |
| Volume: | 239202 | Average Volume: | 390876 |
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Login — it's freeAPPF full analysis
Welcome to MARKETSNAP’s SWOT analysis for AppFolio, a company that’s carving out a solid niche in the property management software space. If you’re not familiar with AppFolio, they’re a tech player focused on providing cloud-based solutions primarily for the real estate industry, helping property managers and landlords streamline operations. They’re part of the broader software-as-a-service sector, and they’ve been making waves with their innovative tools. Today, we’re diving deep into what makes AppFolio tick, from their financials to recent developments,…
