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 QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	63.7%-0.2pp	63.7%-0.8pp	63.5%-1.5pp	63.9%-0.3pp	64%+0.7pp
Operating margin	17.1%+0.7pp	16.1%-1.0pp	14.6%-3.9pp	16.2%+2.6pp	16.4%+7.2pp
Net margin	15.3%-8.6pp	14.8%-10.9pp	22.5%+5.2pp	23.5%+6.2pp	23.9%+12.5pp
Returns
Return on equity	32.6%-16.5pp	26.5%-23.4pp	44.7%+5.7pp	49.1%+7.3pp	49.1%+22.7pp
Return on invested capital	36.1%+1.0pp	27%-6.5pp	31%-6.7pp	36%+3.2pp	35.2%+11.0pp
Efficiency
Asset turnover	1.7×+0.1×	1.4×-0.1×	1.6×-0.1×	1.6×-0.1×	1.6×0.0×
Liquidity
Current ratio	3.5×-1.1×	3.3×-2.0×	3×-3.2×	2.9×-2.6×	4.6×-0.8×
Leverage
Debt-to-equity	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	-0.6×-0.5×	-0.4×-0.4×	-0.2×-0.1×	-0.2×—	-0.1×—
Per Share
Book value per share	$13.13+4.1%	$14.94+5.8%	$13.76+22.5%	$12.59+24.5%	$12.61+36.3%
Valuation
Market capitalization	$5.68B-29.0%	$8.36B-6.8%	$9.88B+15.7%	$8.38B-5.4%	$8.01B-9.5%
Price / earnings	37.4×-3.3×	59.3×+15.4×	48.5×-16.4×	41.3×—	40.7×—
Price / sales	5.7×-4.0×	8.8×-2.5×	10.9×-0.3×	9.7×-2.6×	9.7×-3.5×
Price / book	12.1×-5.2×	15.4×-1.9×	19.8×-0.9×	18.4×-5.5×	17.3×-8.8×
EV / EBITDA	29.1×-22.1×	47.2×-10.6×	63.5×+11.5×	51.6×—	51.2×—

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about AppFolio.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.