What is AppFolio's change in AP?

AppFolio (APPF) reported change in AP of -$382K in Q1 2026.

How has AppFolio's change in AP changed year-over-year?

AppFolio's change in AP decreased by 115.0% year-over-year, from $2.55M to -$382K.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

AppFolio APPF Change in AP

Change in AP at other companies

ServiceTitan, Inc.TTAN

$3.42M-14.5%

Fidelity National Information ServicesFIS

-$99M+54.8%

Procore TechnologiesPCOR

-$6.88M+37.8%

First American FinancialFAF

-$246.9M-22.2%

APi GroupAPG

-$20M+65.5%

Equity Lifestyle PropertiesELS

$18.83M+1,057%

Other financials

Income statement

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Revenue$262.2M+20.4%

Gross profit$167.2M+21.0%

Operating income$50.7M+50.2%

Net income$42.4M+35.2%

EPS (diluted)$1.18+37.2%

Balance sheet

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Cash & equivalents$147.7M+158%

Total debt$37.0M-9.1%

Total equity$470.2M+1.8%

Total assets$580.6M+2.8%

Cash flow

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Operating cash flow$34.3M-10.8%

CapEx$231.0K+0.4%

Free cash flow$34.1M-10.9%

Valuation

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Market cap$5.36B-29.0%

Enterprise value$5.25B-30.3%

P/E35.3×-3.1×

P/S5.4×-3.8×

Profitability

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Gross margin63.7%-0.2pp

Operating margin17.1%+0.7pp

Net margin15.3%-8.6pp

FCF margin23.6%+1.4pp

Returns & leverage

See full

Return on equity32.6%-16.5pp

Debt / equity0.1×0.0×

Current ratio3.5×-1.1×

Where this comes from

Reported directly by AppFolio in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: AppFolio’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AppFolio's change in AP?: AppFolio (APPF) reported change in AP of -$382K in Q1 2026.
How has AppFolio's change in AP changed year-over-year?: AppFolio's change in AP decreased by 115.0% year-over-year, from $2.55M to -$382K.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.