AppFolio (APPF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AppFolio

NasdaqGM•Technology•Software - Application

$205.76+0.11(<0.01%)Market open

Market Cap

$7.60B

P/E

48.2x

P/S

7.3x

P/B

14.4x

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.

How this company scores

GoodMetricSide Score: 73/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability16/25

Growth17/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsHigh ROE

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 48.2x5y range 36.6x – 4159.1x

Currently near its 13-quarter median.

P/S · 7.3x5y range 5.6x – 13.0x

Currently below its 20-quarter median.

P/B · 14.4x5y range 11.8x – 26.9x

Price & Volume

Market Cap $7.60B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.04B
Q. Revenue: $281.12M
TTM EBITDA: $202.90M
TTM Op. Income: $182.35M
Q. Op. Income: $52.98M
TTM Net Income: $157.53M
Q. Net Income: $41.54M
EPS: $1.17
Shares Out.: $35.39M

$1.04B in TTM revenue grew 20.7% YoY, reaching $281.12M last quarter. TTM EBITDA of $202.90M and TTM operating income of $182.35M show growth is flowing through to the bottom line. TTM net income of $157.53M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 20.6%
Op. Margin: 18.8%
Net Margin: 14.8%

Op. margin of 18.8% is up 1.6% YoY — cost efficiency is improving. Net margin at 14.8% Over the past year, operating margin is up 10% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 48.2x
P/S Ratio: 7.3x
P/B Ratio: 14.4x

At 48.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.3x and P/B of 14.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 18% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $648.37M
Cash: $217.40M
Long-Term Debt: N/A
Book Value: $526.14M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $87.60M
TTM Free Cash Flow: $270.02M
FCF Margin: 25.9%
FCF / Net Income: 1.7

TTM FCF of $270.02M on $87.60M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 46% — an improving trend.