AppFolio, Inc. (APPF) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 262.21M | 248.19M | 249.35M | 235.57M | 217.7M | 203.66M | 205.73M | 197.38M | 187.43M | 171.83M | 165.44M | 147.07M | 136.1M | 124.06M | 125.08M | 117.45M | 105.3M | 95.6M | 95.81M | 89.04M |
| Revenue Growth % | 20.45% | 21.86% | 21.2% | 19.35% | 16.15% | 18.53% | 24.36% | 34.2% | 37.71% | 38.51% | 32.27% | 25.22% | 29.25% | 29.77% | 30.55% | 31.91% | 33.42% | 31.99% | 13.94% | 9.87% |
| Cost of Goods Sold | 94.97M | 95.65M | 91.48M | 83.83M | 79.5M | 81.53M | 71.63M | 74.27M | 69.86M | 61.27M | 62.74M | 57.85M | 56.21M | 50.34M | 50.71M | 47.43M | 43.35M | 39.1M | 38.73M | 32.82M |
| COGS % of Revenue | 36.22% | 38.54% | 36.69% | 35.58% | 36.52% | 40.03% | 34.82% | 37.63% | 37.27% | 35.66% | 37.92% | 39.34% | 41.3% | 40.58% | 40.54% | 40.38% | 41.17% | 40.9% | 40.42% | 36.86% |
| Gross Profit | 167.24M | 152.54M | 157.88M | 151.75M | 138.2M | 122.14M | 134.1M | 123.1M | 117.57M | 110.56M | 102.7M | 89.22M | 79.89M | 73.72M | 74.37M | 70.02M | 61.95M | 56.5M | 57.08M | 56.22M |
| Gross Margin % | 63.78% | 61.46% | 63.31% | 64.42% | 63.48% | 59.97% | 65.18% | 62.37% | 62.73% | 64.34% | 62.08% | 60.66% | 58.7% | 59.42% | 59.46% | 59.62% | 58.83% | 59.1% | 59.58% | 63.14% |
| Gross Profit Growth % | 21.01% | 24.89% | 17.73% | 23.27% | 17.55% | 10.48% | 30.58% | 37.98% | 47.16% | 49.97% | 38.09% | 27.42% | 28.96% | 30.46% | 30.3% | 24.54% | 35.78% | 32.86% | 11.19% | 4.83% |
| Operating Expenses | 116.49M | 108.97M | 122.83M | 111.24M | 104.42M | 99.18M | 91.53M | 87.08M | 83.48M | 82.32M | 102.77M | 89.9M | 106.42M | 93.67M | 82.19M | 99.95M | 76.62M | 63.84M | 57.09M | 55.08M |
| OpEx % of Revenue | 44.43% | 43.9% | 49.26% | 47.22% | 47.97% | 48.7% | 44.49% | 44.12% | 44.54% | 47.91% | 62.12% | 61.13% | 78.19% | 75.5% | 65.71% | 85.1% | 72.76% | 66.78% | 59.59% | 61.85% |
| Selling, General & Admin | 61.84M | 63.02M | 63.36M | 58.71M | 54.41M | 56.88M | 46.55M | 47.55M | 45.59M | 40.54M | 53.61M | 47.72M | 61.09M | 54.37M | 44.99M | 64.94M | 43.88M | 36.25M | 32.77M | 31.92M |
| SG&A % of Revenue | 23.58% | 25.39% | 25.41% | 24.92% | 24.99% | 27.93% | 22.62% | 24.09% | 24.32% | 23.59% | 32.4% | 32.45% | 44.89% | 43.83% | 35.97% | 55.29% | 41.68% | 37.92% | 34.2% | 35.85% |
| Research & Development | 49.63M | 45.95M | 54.04M | 46.67M | 43.76M | 42.3M | 40.66M | 39.52M | 37.9M | 34.85M | 45.99M | 42.16M | 43.56M | 31.15M | 28.96M | 26.69M | 24.32M | 25.29M | 16.5M | 15.51M |
| R&D % of Revenue | 18.93% | 18.51% | 21.67% | 19.81% | 20.1% | 20.77% | 19.76% | 20.02% | 20.22% | 20.28% | 27.8% | 28.67% | 32.01% | 25.11% | 23.15% | 22.72% | 23.1% | 26.46% | 17.22% | 17.41% |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 0 | 0 | 1000K | 1000K | 16K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 50.75M | 43.58M | 35.05M | 40.51M | 33.78M | 22.96M | 42.57M | 36.03M | 34.09M | 28.24M | -67K | -679K | -26.53M | -19.95M | -7.82M | -29.93M | -14.67M | -7.34M | -13K | 1.15M |
| Operating Margin % | 19.35% | 17.56% | 14.05% | 17.2% | 15.52% | 11.27% | 20.69% | 18.25% | 18.19% | 16.43% | -0.04% | -0.46% | -19.49% | -16.08% | -6.25% | -25.48% | -13.93% | -7.68% | -0.01% | 1.29% |
| Operating Income Growth % | 50.22% | 89.81% | -17.67% | 12.45% | -0.9% | -18.7% | 63634.33% | 5406.04% | 228.5% | 241.53% | 99.14% | 97.73% | -80.86% | -171.75% | -60046.15% | -2711.69% | -158.76% | -166.79% | -100.39% | -81.94% |
| EBITDA | 55.77M | 48.69M | 40.48M | 46.87M | 40.54M | 28.29M | 46.97M | 41.23M | 39.83M | 35.14M | 2.51M | 619K | -25.49M | -11.12M | 1.11M | -20.69M | -5.37M | -5.55M | 8.26M | 9.1M |
| EBITDA Margin % | 21.27% | 19.62% | 16.23% | 19.9% | 18.62% | 13.89% | 22.83% | 20.89% | 21.25% | 20.45% | 1.52% | 0.42% | -18.73% | -8.96% | 0.89% | -17.61% | -5.1% | -5.81% | 8.62% | 10.22% |
| EBITDA Growth % | 37.57% | 72.07% | -13.81% | 13.68% | 1.79% | -19.48% | 1769% | 6560.42% | 256.22% | 415.96% | 126.19% | 102.99% | -375% | -100.2% | -86.54% | -327.28% | -373.27% | -210.77% | -24.56% | -35.08% |
| D&A (Non-Cash Add-back) | 5.02M | 5.11M | 5.44M | 6.36M | 6.76M | 5.34M | 4.4M | 5.2M | 5.74M | 6.9M | 2.58M | 1.3M | 1.04M | 8.83M | 8.93M | 9.24M | 9.3M | 1.79M | 8.27M | 7.96M |
| EBIT | 0 | 45.62M | 36.73M | 40.51M | 33.78M | 27.15M | 42.57M | 36.03M | 34.09M | 28.24M | -67K | -2.58M | -26.53M | -19.95M | -7.82M | -29.73M | -14.67M | -7.34M | -13K | 1.15M |
| Net Interest Income | 0 | 2.05M | 1.69M | 1.47M | 2.95M | 3.5M | 4.01M | 3.48M | 2.99M | 2.4M | 1.79M | 1.48M | 1.36M | 552K | 374K | 151K | 107K | 328K | 65K | 55K |
| Interest Income | 0 | 2.05M | 1.69M | 1.47M | 2.95M | 3.5M | 4.01M | 3.48M | 2.99M | 2.4M | 1.79M | 1.48M | 1.36M | 552K | 374K | 151K | 107K | 328K | 65K | 55K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.35M | 2.04M | 1.69M | 1.46M | 3.01M | 4.2M | 4.01M | 3.48M | 2.99M | 2.69M | 1.54M | 1.42M | 1.38M | 765K | 4.59M | 196K | 97K | 12.73M | -288K | 551K |
| Pretax Income | 53.1M | 45.62M | 36.73M | 41.97M | 36.79M | 27.15M | 46.58M | 39.5M | 37.08M | 30.93M | 1.47M | 745K | -25.15M | -19.19M | -3.22M | -29.73M | -14.57M | 5.39M | -301K | 1.7M |
| Pretax Margin % | 20.25% | 18.38% | 14.73% | 17.81% | 16.9% | 13.33% | 22.64% | 20.01% | 19.78% | 18% | 0.89% | 0.51% | -18.48% | -15.47% | -2.58% | -25.32% | -13.84% | 5.64% | -0.31% | 1.91% |
| Income Tax | 10.68M | 5.71M | 3.09M | 5.99M | 5.41M | -75.58M | 13.58M | 9.84M | -1.58M | 661K | -24.97M | 19.65M | 9.96M | 513K | 938K | 236K | -285K | 6.72M | -160K | -324K |
| Effective Tax Rate % | 20.11% | 12.51% | 8.4% | 14.27% | 14.7% | -278.34% | 29.14% | 24.91% | -4.26% | 2.14% | -1696.54% | 2637.05% | -39.61% | -2.67% | -29.09% | -0.79% | 1.96% | 124.68% | 53.16% | -19.09% |
| Net Income | 42.42M | 39.91M | 33.65M | 35.98M | 31.38M | 102.73M | 33.01M | 29.66M | 38.66M | 30.27M | 26.45M | -18.9M | -35.11M | -19.7M | -4.16M | -29.97M | -14.29M | -1.33M | -141K | 2.02M |
| Net Margin % | 16.18% | 16.08% | 13.49% | 15.27% | 14.42% | 50.44% | 16.04% | 15.03% | 20.63% | 17.62% | 15.98% | -12.85% | -25.8% | -15.88% | -3.33% | -25.52% | -13.57% | -1.39% | -0.15% | 2.27% |
| Net Income Growth % | 35.18% | -61.15% | 1.94% | 21.29% | -18.83% | 239.41% | 24.81% | 256.95% | 210.12% | 253.64% | 735.39% | 36.93% | -145.75% | -1380.09% | -2851.77% | -1582.93% | -3082.67% | -159.45% | -100.1% | -89.51% |
| Net Income (Continuing) | 42.42M | 39.91M | 33.65M | 35.98M | 31.38M | 102.73M | 33.01M | 29.66M | 38.66M | 30.27M | 26.45M | -18.9M | -35.11M | -19.7M | -4.16M | -29.97M | -14.29M | -1.33M | -141K | 2.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.18 | 1.10 | 0.93 | 0.99 | 0.86 | 2.79 | 0.90 | 0.81 | 1.05 | 0.83 | 0.72 | -0.53 | -0.99 | -0.56 | -0.12 | -0.86 | -0.41 | -0.04 | -0.00 | 0.06 |
| EPS Growth % | 37.21% | -60.57% | 3.33% | 22.22% | -18.1% | 236.14% | 25% | 252.83% | 206.06% | 248.21% | 700% | 38.37% | -141.46% | -1362.14% | - | -1533.33% | -4200% | -157.05% | -100.11% | -88.89% |
| EPS (Basic) | 1.19 | 1.11 | 0.94 | 1.00 | 0.86 | 2.82 | 0.91 | 0.82 | 1.07 | 0.85 | 0.74 | -0.53 | -0.99 | -0.56 | -0.12 | -0.86 | -0.41 | -0.04 | -0.00 | 0.06 |
| Diluted Shares Outstanding | 35.81M | 36.2M | 36.26M | 36.2M | 36.65M | 36.78M | 36.76M | 36.74M | 36.67M | 36.6M | 36.48M | 35.56M | 35.44M | 35.23M | 35.04M | 34.93M | 34.84M | 34.74M | 34.61M | 35.67M |
| Basic Shares Outstanding | 35.7M | 35.95M | 35.89M | 35.92M | 36.3M | 36.37M | 36.31M | 36.24M | 36.09M | 35.81M | 35.69M | 35.56M | 35.44M | 35.23M | 34.68M | 34.93M | 34.84M | 34.74M | 34.61M | 34.55M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |