What is AppFolio's payments to develop software?

AppFolio (APPF) reported payments to develop software of $1.25M in Q2 2026.

How has AppFolio's payments to develop software changed year-over-year?

AppFolio's payments to develop software increased by 48.5% year-over-year, from $842K to $1.25M.

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.

AppFolio APPF Payments To Develop Software

Payments To Develop Software at other companies

Conduent IncorporatedCNDT

$5M+25.0%

Playtika Holding Corp.PLTK

$8.9M+7.2%

CarGurus, Inc.CARG

$6.3M+16.9%

Asure SoftwareASUR

$3.24M+16.9%

BlackbaudBLKB

$13.33M-10.0%

HitachiHIT

$362.13K-48.5%

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$6.31B-32.7%

Enterprise value$6.13B-34.4%

P/E40.1×-6.1×

P/S6.1×-4.8×

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:PaymentsToDevelopSoftware.

The official record: AppFolio’s 10-Q, filed July 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 $1.25M in Q2 2026.
How has AppFolio's payments to develop software changed year-over-year?: AppFolio's payments to develop software increased by 48.5% year-over-year, from $842K to $1.25M.
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.