Stocks · Technology · Software - Application
AppFolio Inc. APPF
$202.97 -0.62% Close, Oct 2, 2026 · NASDAQ · Market cap $7.25B
High qualityLow risk
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in an uptrend: above its 200-day average for 44 trading days, with the 50-day average above the 200-day.
- Revenue over the last four quarters was $1.04B, up 20.7% from a year earlier.
- Diluted EPS over the last four quarters was $4.38, down 20.9% year over year.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 32%
- EPS growth (TTM, YoY)Bottom 25%
- FCF growth (TTM, YoY)Top 31%
- Revenue growth, 3-year CAGRTop 15%
- Revenue growth accelerationBottom 42%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 5%
- Gross marginTop 36%
- Operating marginTop 19%
- Cash conversion (OCF / net income)Top 49%
- Accruals (lower is better)Top 16%
- Net debt / EBITDA (lower is better)Top 29%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 38%
- Free-cash-flow yieldTop 43%
- EBITDA / enterprise valueBottom 49%
- Sales / enterprise valueBottom 33%
- P/E vs own 5-year history (lower is better)Top 43%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 37%
- 6-month returnTop 46%
- 1-year return vs S&P 500Bottom 31%
- Distance from 52-week highTop 38%
- Trend checklist (0–4)Bottom 40%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 33%
- Consecutive EPS beatsTop 48%
- Share of analysts rating BuyTop 43%
- Upside to consensus price targetBottom 41%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 29%
- Maximum drawdown, 3 yearsTop 36%
- Beta vs S&P 500 (lower is better)Top 2%
- Net debt / EBITDA (lower is better)Top 29%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 20.7% | 20.7% | ↓ |
| EPS growth (YoY) | -21.6% | -20.9% | ↑ |
| Gross margin | 63.3% | 63.0% | ↓ |
| Operating margin | 16.2% | 17.5% | ↑ |
| FCF margin | 21.2% | 25.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 20.7% | 20.7% | ↓ | Top 32% |
| EPS growth (TTM, YoY) | -20.9% | -21.6% | ↑ | Bottom 25% |
| Gross margin | 63.0% | 63.3% | ↓ | Top 36% |
| Operating margin | 17.5% | 16.2% | ↑ | Top 19% |
| Net margin | 15.1% | 23.5% | ↓ | — |
| Free-cash-flow margin | 25.9% | 21.2% | ↑ | — |
| Return on invested capital | 28.9% | — | Top 5% | |
| Revenue growth, 3-year CAGR | 26.3% | — | Top 15% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.73×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -17.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 7.2%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +71.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -0.88×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 3.89%
- Shareholder yield
- 3.89%
- Share count change, 1 year
- -1.6%
- Share count change, 3-year CAGR
- +0.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 23, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +4.3%
- Average 2-day reaction, last 8
- -0.3%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $240.50
- Target vs current price
- +18.5%
- Analysts with a rating
- 13
- Share rating Buy or Strong Buy
- 69%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 23, 2026 | +1.2% | +1.1% | +15.3% | +32.7% | — |
| Apr 23, 2026 | +11.8% | -3.9% | +4.4% | +3.1% | +13.1% |
| Jan 29, 2026 | +13.9% | -5.0% | -15.5% | -19.0% | -22.3% |
| Oct 30, 2025 | -9.7% | -1.2% | +7.9% | -4.4% | -9.5% |
| Jul 31, 2025 | +8.7% | +3.2% | +20.5% | +6.6% | -7.6% |
| Apr 24, 2025 | -0.8% | +4.0% | -8.5% | -8.6% | +11.8% |
| Jan 30, 2025 | +0.0% | +1.4% | -7.8% | -15.3% | -23.2% |
| Oct 24, 2024 | +27.5% | -1.8% | +11.3% | +18.0% | +31.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 23, 2026 | $1.71 | $1.69 | +1.2% | $281.1M |
| Apr 23, 2026 | $1.61 | $1.44 | +11.8% | $262.2M |
| Jan 29, 2026 | $1.39 | $1.22 | +13.9% | $248.2M |
| Oct 30, 2025 | $1.31 | $1.45 | -9.7% | $249.4M |
| Jul 31, 2025 | $1.38 | $1.27 | +8.7% | $235.6M |
| Apr 24, 2025 | $1.21 | $1.22 | -0.8% | $217.7M |
| Jan 30, 2025 | $0.92 | $0.92 | +0.0% | $203.7M |
| Oct 24, 2024 | $1.30 | $1.02 | +27.5% | $205.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 46.3× | 47.0× | 50th | Top 38% |
| P/E (forward) | 29.4× | — | — | — |
| EV / EBITDA | 34.1× | — | — | Bottom 49% |
| EV / Sales | 6.79× | — | — | Bottom 33% |
| Free-cash-flow yield | 3.71% | — | — | Top 43% |
| Earnings yield | 2.16% | — | — | Top 38% |
P/E over the past five years
Range 35.0× – 117.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -20.9%
- Earnings per share growth (TTM)
- -20.9%
- Change in P/E multiple
- -22.4%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 44
- 50-day average slope (20 days)
- +8.2%
- 200-day average slope (20 days)
- -1.1%
- Distance from 50-day average
- -1.7%
- Distance from 200-day average
- +9.3%
- RSI (14)
- 45.4
- Relative volume
- 1.21×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 46.6%
- Volatility vs own 5-year history
- 71th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.36
- Correlation with S&P 500
- 0.13
- Current drawdown from 1-year high
- -22.6%
- Maximum drawdown, 3 years
- -55.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 4, 2025 | Apr 10, 2026 | -55.4% | 172 days | Not yet recovered |
| Dec 28, 2020 | May 11, 2022 | -55.4% | 345 days | 293 days (Jul 13, 2023) |
| Jul 23, 2024 | Apr 25, 2025 | -28.9% | 190 days | 67 days (Aug 1, 2025) |
| Nov 14, 2023 | Jan 5, 2024 | -22.1% | 35 days | 14 days (Jan 26, 2024) |
| Mar 26, 2024 | Apr 19, 2024 | -16.2% | 17 days | 16 days (May 13, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $7.25B
- P/E (TTM)
- 46.3
- EPS, diluted (TTM)
- $4.38
- Revenue (TTM)
- $1.04B
- 52-week range
- $142.56 – $265.02
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $359.4M | $471.9M | $620.4M | $794.2M | $950.8M |
| Gross profit | $215.4M | $280.1M | $382.4M | $492.6M | $582.8M |
| Operating income | -$11.9M | -$72.4M | $963,000 | $135.6M | $152.9M |
| Net income | $1.0M | -$68.1M | $2.7M | $204.1M | $140.9M |
| EPS (diluted) | $0.03 | -$1.95 | $0.07 | $5.55 | $3.88 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $205.7M | $203.7M | $217.7M | $235.6M | $249.4M | $248.2M | $262.2M | $281.1M |
| Net income | $33.0M | $102.7M | $31.4M | $36.0M | $33.6M | $39.9M | $42.4M | $41.5M |
| EPS (diluted) | $0.90 | $2.79 | $0.86 | $0.99 | $0.93 | $1.10 | $1.18 | $1.17 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $35.4M | $25.4M | $60.3M | $188.2M | $242.1M |
| Capital expenditure | -$32.7M | -$6.5M | -$13.9M | -$2.0M | -$3.2M |
| Free cash flow | $2.7M | $18.8M | $46.4M | $186.1M | $238.9M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $2.6M | $4.5M | $2.6M | $3.9M | -$144.6M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $221.7M
- Total assets
- $648.4M
- Total liabilities
- $122.2M
- Total debt
- $35.8M
- Net debt
- -$181.6M
- Shareholders’ equity
- $526.1M
As of Jun 30, 2026 (filed Jul 23, 2026).
Short interest
- Shares sold short
- 2,340,047
- Days to cover
- 8.18
- Change vs previous report
- -1.1%
FINRA short interest, settlement date Sep 15, 2026.