What is AppFolio's net margin?

AppFolio (APPF) reported net margin of 15.3% in Q1 2026.

How has AppFolio's net margin changed year-over-year?

AppFolio's net margin decreased by 36.0% year-over-year, from 23.9% to 15.3%.

What is the long-term trend for AppFolio's net margin?

Over 4 years (2020 to 2025), AppFolio's net margin has grown at a -26.7% compound annual growth rate (CAGR), from 51.3% to 14.8%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

AppFolio APPF Net margin

Net margin at other companies

ServiceTitan, Inc.TTAN

-13.4%-4.6pp

Procore TechnologiesPCOR

-5.6%-1.8pp

AvalonBay CommunitiesAVB

37.4%-1.5pp

First American FinancialFAF

8.7%+6.2pp

APi GroupAPG

4%+0.6pp

Equity Lifestyle PropertiesELS

25.9%+0.7pp

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%

Profitability

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Gross margin63.7%-0.2pp

Operating margin17.1%+0.7pp

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.

net income/total revenue=15.3%

Based on trailing twelve months.

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 net margin?: AppFolio (APPF) reported net margin of 15.3% in Q1 2026.
How has AppFolio's net margin changed year-over-year?: AppFolio's net margin decreased by 36.0% year-over-year, from 23.9% to 15.3%.
What is the long-term trend for AppFolio's net margin?: Over 4 years (2020 to 2025), AppFolio's net margin has grown at a -26.7% compound annual growth rate (CAGR), from 51.3% to 14.8%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.