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Earnings transcript
Read the complete earnings call transcript.
APPF
AppFolio, Inc.
$169.29
4.39
(2.66%)
| Exchange: | NASDAQ |
| Market Cap: | 6.071B |
| Shares Outstanding: | 25.764M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Application | |||||
| CEO: | Shane Trigg | |||||
| Full Time Employees: | 1634 | |||||
| Address: |
| |||||
| Website: | https://www.appfolioinc.com |
AppFolio, Inc., along with its affiliated companies, specializes in delivering cloud-based business management platforms tailored for the real estate sector. The company’s core offerings include AppFolio Property Manager, a robust platform designed to empower property management firms with process automation, an intuitive user interface, and optimized workflows for common tasks. This system enables users to efficiently execute and log vital transactions, while also providing crucial operational data for business management. An advanced version, AppFolio Property Manager Plus, builds upon these capabilities by introducing adaptable workflows for digitalizing existing operations, delivering key performance analytics, intelligent revenue optimization, and seamless integration with chosen partners, all supported by dedicated strategic account managers. Furthermore, AppFolio provides AppFolio Investment Management, a specialized solution for real estate investment organizations, aimed at improving investor relations by boosting transparency and simplifying various administrative and operational procedures. Beyond its main platforms, AppFolio also furnishes a suite of supplementary value-added services. These offerings are specifically crafted to augment, automate, and simplify numerous functions and workflows for property managers, encompassing options like electronic payment processing, tenant background checks, and insurance services. Established in 2006, AppFolio, Inc. maintains its corporate headquarters in Santa Barbara, California.
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Revenue Segmentation
EPS
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Earnings Call
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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 | 29,595 | 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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,520,926.104 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,526,876.833 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,523,901.469 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 619,422.160 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 621,845.692 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 620,633.926 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 341,616.574 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 356,336.275 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 348,976.425 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 495,123.363 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 497,060.568 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 496,091.966 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 9.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 9.810 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 9.400 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full 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
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
2.66
Trading Metrics:
| Open: | 162.61 | Previous Close: | 164.9 | |
| Day Low: | 161.85 | Day High: | 169.91 | |
| Year Low: | 142.73 | Year High: | 326.04 | |
| Price Avg 50: | 160.74 | Price Avg 200: | 210.63 | |
| Volume: | 411360 | Average Volume: | 362128 |
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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,…
