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AppFolio APPF Operating Income

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Other financials

Income statement

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Revenue$281.1M+19.3%
Gross profit$178.5M+17.6%
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

Reported directly by AppFolio in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
General and administrative(1)25,62621,93649,96745,287
Depreciation and amortization4,9855,85010,00512,105
Total costs and operating expenses228,147195,063439,613378,982
Income from operations52,97740,512103,72574,295
Other (loss) income, net(1)(11)56845
Interest income, net1,4351,4663,2194,419
Income before provision for income taxes54,41141,967107,51278,759
Provision for income taxes12,8675,98723,54411,396

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is AppFolio's operating income?
AppFolio (APPF) reported operating income of $52.98M in Q2 2026.
How has AppFolio's operating income changed year-over-year?
AppFolio's operating income increased by 30.8% year-over-year, from $40.51M to $52.98M.
What is the long-term trend for AppFolio's operating income?
Over 4 years (2021 to 2025), AppFolio's operating income has grown at a 89.4% compound annual growth rate (CAGR), from -$11.88M to $152.92M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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