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AppFolio APPF Payments to Develop Software

Payments to Develop Software at other companies

ServiceTitan, Inc. logo
ServiceTitan, Inc.TTAN
$6.66M+3.0%
Procore Technologies logo
Procore TechnologiesPCOR
$17.79M+16.0%
ROP
Roper Technologies, Inc.ROP
$15.4M+24.2%

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

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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:PaymentsToDevelopSoftware.

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 payments to develop software?
AppFolio (APPF) reported payments to develop software of $1.3M in Q1 2026.
How has AppFolio's payments to develop software changed year-over-year?
AppFolio's payments to develop software increased by 105.0% year-over-year, from $636K to $1.3M.
What is the long-term trend for AppFolio's payments to develop software?
Over 4 years (2021 to 2025), AppFolio's payments to develop software has grown at a -38.9% compound annual growth rate (CAGR), from $24.62M to $3.44M.
What does payments to develop software mean?
This represents the cash outflows directed toward the internal development of software products and platforms that meet capitalization criteria. It reflects the company's ongoing investment in innovation, product feature expansion, and infrastructure improvements. High levels of these payments indicate a commitment to maintaining a competitive technological edge in the cloud-based software market.