What are AppFolio's profit margins?

AppFolio (APPF) runs a 63.7% gross margin and a 17.1% operating margin, with a 15.3% net margin.

Where do AppFolio's ratios come from?

Every ratio is computed from AppFolio's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

AppFolio APPF Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	63.7%-0.8pp	64.5%+2.9pp	61.6%+2.3pp	59.3%-0.6pp
Operating margin	16.1%-1.0pp	17.1%+16.9pp	0.2%+15.5pp	-15.3%-12.0pp
Net margin	14.8%-10.9pp	25.7%+25.3pp	0.4%+14.9pp	-14.4%—
Returns
Return on equity	26.5%-23.4pp	50%+49.0pp	1%+25.2pp	-24.2%—
Return on invested capital	27%-6.5pp	33.5%+33.3pp	0.2%+26.7pp	-26.6%-23.7pp
Efficiency
Asset turnover	1.4×-0.1×	1.5×0.0×	1.6×+0.4×	1.2×+0.3×
Liquidity
Current ratio	3.3×-2.0×	5.3×+1.4×	3.9×+0.6×	3.3×+0.3×
Leverage
Debt-to-equity	0.1×0.0×	0.1×-0.1×	0.2×-0.1×	0.2×0.0×
Net debt / EBITDA	-0.4×-0.4×	-0×+0.2×	-0.2×—	——
Per Share
Book value per share	$14.94+5.8%	$14.12+72.9%	$8.16+7.6%	$7.58-8.9%
Valuation
Market capitalization	$8.36B-6.8%	$8.96B+44.7%	$6.2B+67.2%	$3.71B-11.7%
Price / earnings	59.3×+15.4×	43.9×-2,249×	2,292.9×—	——
Price / sales	8.8×-2.5×	11.3×+1.3×	10×+2.1×	7.9×-3.8×
Price / book	15.4×-1.9×	17.3×-3.6×	20.8×+6.9×	14×-0.2×
EV / EBITDA	47.2×-10.6×	57.8×-149×	206.7×—	——

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Questions, answered.

What are AppFolio's profit margins?: AppFolio (APPF) runs a 63.7% gross margin and a 17.1% operating margin, with a 15.3% net margin.
Where do AppFolio's ratios come from?: Every ratio is computed from AppFolio's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.