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AppFolio APPF Deferred Revenue

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Other financials

Income statement

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Revenue$281.1M+19.3%
Gross profit$178.5M+17.6%
Operating income$53.0M+30.8%
Net income$41.5M+15.5%
EPS (diluted)$1.17+18.2%

Balance sheet

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Cash & equivalents$217.7M+195%
Total debt$35.8M-9.8%
Total equity$526.1M+15.5%
Total assets$648.4M+14.3%

Cash flow

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Operating cash flow$87.6M+66.4%
CapEx$231.0K+0.4%
Free cash flow$87.6M+67.3%

Valuation

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Market cap$6.87B-30.1%
Enterprise value$6.69B-31.7%
P/E43.6×-4.8×
P/S6.6×-4.8×

Profitability

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Gross margin63.5%-0.4pp
Operating margin17.5%+1.3pp
Net margin15.1%-8.4pp
FCF margin25.9%+4.6pp

Returns & leverage

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Return on equity32.1%-17.0pp
Debt / equity0.1×0.0×
Current ratio3.8×+0.9×

Where this comes from

Reported directly by AppFolio in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The source filing: AppFolio’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001433195-26-000058

As of June 30, 2026, the total non-cancelable RPO under our contracts with customers was $114.8 million, and we expect to recognize revenue on approximately 42.1% of these RPO over the following 12 months, with the balance to be recognized thereafter. During the six months ended June 30, 2026, we recognized revenue of $17.6 million, that was included in the RPO at the beginning of the period presented.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is AppFolio's deferred revenue?
AppFolio (APPF) reported deferred revenue of $114.8M in Q2 2026.
What is the long-term trend for AppFolio's deferred revenue?
Over 2 years (2020 to 2022), AppFolio's deferred revenue has grown at a -36.9% compound annual growth rate (CAGR), from $2.26M to $900K.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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