What is AppFolio's gross profit?

AppFolio (APPF) reported gross profit of $167.24M in Q1 2026.

How has AppFolio's gross profit changed year-over-year?

AppFolio's gross profit increased by 21.0% year-over-year, from $138.2M to $167.24M.

What is the long-term trend for AppFolio's gross profit?

Over 4 years (2021 to 2025), AppFolio's gross profit has grown at a 29.5% compound annual growth rate (CAGR), from $215.43M to $605.48M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

AppFolio APPF Gross Profit

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$287.79M+17.1%

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$1.11B+26.1%

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Manhattan AssociatesMANH

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Other financials

Income statement

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Revenue$262.2M+20.4%

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%

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

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Return on equity32.6%-16.5pp

Debt / equity0.1×0.0×

Current ratio3.5×-1.1×

Where this comes from

Calculated from AppFolio’s reported figures.

$262.2Mtotal revenue−$95.0Mtotal cost of revenue=$167.24M

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 gross profit?: AppFolio (APPF) reported gross profit of $167.24M in Q1 2026.
How has AppFolio's gross profit changed year-over-year?: AppFolio's gross profit increased by 21.0% year-over-year, from $138.2M to $167.24M.
What is the long-term trend for AppFolio's gross profit?: Over 4 years (2021 to 2025), AppFolio's gross profit has grown at a 29.5% compound annual growth rate (CAGR), from $215.43M to $605.48M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.