What is AppFolio's operating income?

AppFolio (APPF) reported operating income of $50.75M in Q1 2026.

How has AppFolio's operating income changed year-over-year?

AppFolio's operating income increased by 50.2% year-over-year, from $33.78M to $50.75M.

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.

AppFolio APPF Operating Income

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Other financials

Income statement

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Revenue$262.2M+20.4%

Gross profit$167.2M+21.0%

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

Reported directly by AppFolio in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: AppFolio (APPF) reported operating income of $50.75M in Q1 2026.
How has AppFolio's operating income changed year-over-year?: AppFolio's operating income increased by 50.2% year-over-year, from $33.78M to $50.75M.
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.