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Apple Hospitality APLE Management Service — Cost of Goods Sold

Other product segments

Direct Operating
$88.67M+4.9%
Hotel Administrative
$30.97M+4.4%
Sales And Marketing
$29.82M-1.5%
Repair And Maintenance
$17.84M+4.1%
Royalty
$16.04M+10.2%
Public Utilities
$13.23M+6.0%

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$14.3M+9.2%
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$12.64M+36.0%

Other financials

Income statement

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Revenue$337.7M+3.1%
Gross profit$130.8M+2.3%
Operating income$48.0M-5.6%
Net income$27.7M-11.3%
EPS (diluted)$0.12-7.7%

Balance sheet

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Cash & equivalents$7.8M-47.5%
Total debt$1.7B+1.8%
Total equity$3.1B-2.7%
Total assets$4.9B-1.1%

Cash flow

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Operating cash flow$48.9M-0.6%
CapEx$35.8M+31.1%
Free cash flow$13.1M-40.1%

Valuation

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Market cap$3.92B-12.4%

Profitability

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Gross margin39.9%-1.3pp
Operating margin17.9%-1.1pp
Net margin12.1%-1.3pp
FCF margin19.3%-3.4pp

Returns & leverage

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Return on equity5.4%-0.4pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by Apple Hospitality in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Apple Hospitality’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple Hospitality's management service — cost of goods sold?
Apple Hospitality (APLE) reported management service — cost of goods sold of $10.37M in Q1 2026.
How has Apple Hospitality's management service — cost of goods sold changed year-over-year?
Apple Hospitality's management service — cost of goods sold decreased by 7.7% year-over-year, from $11.23M to $10.37M.
What is the long-term trend for Apple Hospitality's management service — cost of goods sold?
Over 4 years (2021 to 2025), Apple Hospitality's management service — cost of goods sold has grown at a 10.7% compound annual growth rate (CAGR), from $31.4M to $47.1M.
What does management service — cost of goods sold mean?
This metric represents the direct operating expenses incurred to provide management and administrative services for the company's hotel portfolio. It encompasses the costs associated with third-party management agreements, oversight, and operational support required to maintain the upscale service standards of the properties. Monitoring this figure helps investors evaluate the efficiency of the company's operational cost structure relative to its lodging revenue streams.