AppFolio Income Statement
APPF / Information Technology|13 years of annual SEC 10-K data (FY2013-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 13 fiscal years. All figures from audited SEC 10-K filings.
AppFolio reported $951M in revenue and $141M in net income for FY2025. Revenue has grown at a 34.7% compound annual rate over the past 12 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 4.41 (safe zone, above 2.9 threshold)
- Strong profit margin: 22.5%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 40.8%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $950.8M | $794.2M | $620.4M | $471.9M | $359.4M | $310.1M | $256.0M | $190.1M | $143.8M | $105.6M | $75.0M | $47.7M | $26.5M |
| Cost of Revenue | - | - | - | - | $143.9M | $119.0M | $101.6M | $73.5M | $55.3M | $44.6M | $33.9M | $22.6M | $13.6M |
| SG&A Expense | $95.6M | $86.0M | $93.5M | $100.8M | $57.3M | $47.5M | $34.5M | $24.9M | $21.2M | $18.0M | $14.3M | $6.5M | $2.3M |
| R&D Expense | $190.4M | $160.4M | $151.4M | $111.1M | $66.0M | $48.5M | $39.5M | $24.1M | $16.6M | $12.6M | $9.6M | $6.5M | $5.1M |
| Operating Income | $152.9M | $135.6M | $963.0K | -$72.4M | -$11.9M | $9.8M | $6.5M | $19.7M | $9.3M | -$8.4M | -$15.0M | -$8.6M | -$7.6M |
| Interest Expense | - | - | $7.0M | $1.2M | $501.0K | -$1.8M | - | $787.0K | - | $246.0K | $800.0K | $59.0K | $12.0K |
| Income Tax | $20.2M | -$53.7M | $5.3M | $1.4M | $706.0K | $38.4M | -$31.5M | $420.0K | $58.0K | $67.0K | $75.0K | $0 | $0 |
| Net Income | $140.9M | $204.1M | $2.7M | -$68.1M | $1.0M | $158.4M | $36.3M | $20.0M | $9.7M | -$8.3M | -$15.7M | -$8.6M | -$7.3M |
| EPS (Basic) | $3.91 | $5.63 | $0.08 | -$1.95 | $0.03 | $4.62 | $0.29 | $0.59 | -$0.73 | -$0.25 | -$0.73 | - | - |
| EPS (Diluted) | $3.88 | $5.55 | $0.07 | -$1.95 | $0.03 | $4.44 | $0.28 | $0.56 | -$0.73 | -$0.25 | -$0.73 | - | -$0.87 |
| Shares Outstanding | 36.3M | 36.8M | 36.4M | 35.0M | 35.7M | 35.7M | 35.2M | 35.6M | 21.3M | 33.6M | 21.3M | 8.8M | 8.4M |
| Operating Margin | 16.1% | 17.1% | 0.2% | -15.3% | -3.3% | 3.2% | 2.5% | 10.3% | 6.5% | -8.0% | -20.0% | -18.0% | -28.6% |
| Profit Margin | 14.8% | 25.7% | 0.4% | -14.4% | 0.3% | 51.1% | 14.2% | 10.5% | 6.8% | -7.8% | -20.9% | -18.1% | -27.5% |