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AppFolio APPF Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

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Cloudflare, Inc.NET
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ZscalerZS
19.2×+12.3×
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0.1×-0.3×
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-0.2×
Wells Fargo & Company logo
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0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

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-38.6%
Enterprise value$6.69B-40.1%
P/E43.6×-11.5×
P/S6.6×-6.4×

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

Calculated from AppFolio’s reported figures.

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

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

FAQ

What is AppFolio's net debt?
AppFolio (APPF) reported net debt of -$181.88M in Q2 2026.
How has AppFolio's net debt changed year-over-year?
AppFolio's net debt decreased by 433.6% year-over-year, from -$34.08M to -$181.88M.
What is the long-term trend for AppFolio's net debt?
Over 5 years (2020 to 2025), AppFolio's net debt has grown at a -6.9% compound annual growth rate (CAGR), from -$98.71M to -$69.06M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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