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AppFolio (APPF) Stock Fundamentals, Analysis & Risk Signals

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

AppFolio
NasdaqGM•Technology•Software - Application
$213.25+6.20(0.03%)Market closed
Market Cap
$7.56B
P/E
44.5x
P/S
7.0x
P/B
13.0x

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.

B

How this company scores

GoodMetricSide Score: 76/100

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

Profitability19/25
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 · 44.5x5y range 35.2x – 4159.1x
P/E 44.5x · near its 13-quarter median

Currently near its 13-quarter median.

P/S · 7.0x5y range 5.3x – 13.0x
P/S 7.0x · below its 20-quarter median

Currently below its 20-quarter median.

P/B · 13.0x5y range 10.5x – 26.9x
Price & Volume
Market Cap $7.56B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue
$1.09B
7Q
Q. Revenue
$295.69M
3Q
TTM EBITDA
$224.82M
4Q
TTM Op. Income
$204.71M
4Q
Q. Op. Income
$57.41M
4Q
TTM Net Income
$169.86M
3Q
Q. Net Income
$45.98M
37%
EPS
$1.3
38%
Shares Out.
$35.44M
1%
$1.09B in TTM revenue grew 20.0% YoY, reaching $295.69M last quarter. TTM EBITDA of $224.82M and TTM operating income of $204.71M show growth is flowing through to the bottom line. TTM net income of $169.86M 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
21.1%
30%
Op. Margin
19.4%
38%
Net Margin
15.5%
15%
Op. margin of 19.4% is up 5.4% YoY — cost efficiency is improving. Net margin at 15.5% Over the past year, operating margin is up 38% — an improving trend.

Price Ratios

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

P/E Ratio
44.5x
11%
P/S Ratio
7.0x
38%
P/B Ratio
13.0x
36%
At 44.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 7.0x and P/B of 13.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 11% — a weakening trend.

Assets & Liabilities

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

Total Assets
$715.67M
2Q
Cash
$258.54M
7Q
Long-Term Debt
N/A
Book Value
$582.51M
2Q
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
$96.77M
2Q
TTM Free Cash Flow
$282.10M
2Q
FCF Margin
25.9%
2Q
FCF / Net Income
1.7
60%
TTM FCF of $282.10M on $96.77M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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Currently near its 20-quarter median.