AppFolio, Inc. (APPF)

From the record

AppFolio, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

AppFolio, Inc.'s 10 filed years say what it did: revenue went from $106 million in fiscal 2016 to $951 million in fiscal 2025, up 27.7% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 8 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, AppFolio, Inc.'s diluted share count grew about 1.2% a year, and dividends and buybacks returned about 30% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 45 sales (43 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, AppFolio, Inc. earned about 26 cents of profit for every dollar of shareholders' money. Leverage: it owed about 21 cents per dollar of assets, and net share issuance: its share count shrank 1.2% over the year (the filed statements).

From the record

AppFolio, Inc.'s standing among 218 graded names in its industry family: revenue of $951 million in fiscal 2025 ranks in the top 34% by size; a net margin of 14.8% ranks in the top 21%; revenue growth of 26.3% a year over the last 3 filed years ranks in the top 21% (its annual reports).

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AppFolio, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Trigg, William Shane (Chief Executive Officer, as filed), filing under that title since 2023-03-03, 3.7 years (bottom 46% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 2.9 years (bottom 12%); 10 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (bottom 27%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

AppFolio, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $107 million against no long-term debt tagged leaves 15.5% of its assets as net cash, top 43% of its family; cash from operations less capital spending is 25.1% of revenue (top 23%); research spending of 20% of revenue (bottom 46%) (its annual report).

From the record

AppFolio, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 26.3% a year over the last three filed years against 27.7% over all 10, slowing (top 37% of its family); the newest year grew 19.7% (top 31%); research spending grew 19.7% a year (top 19%); capital spending grew -21.6% a year (bottom 25%) (its annual reports). AppFolio, Inc. reported 3 product lines in fiscal 2025: Value Added Services at $722 million (76%), Subscription Services at $211 million (22%), Other Services at $18 million (2%); 3 of 3 grew against the year before (its annual report).

From the record

AppFolio, Inc.'s newest year against its own record: revenue of $951 million in fiscal 2025 came in 7.7% below the $1.0 billion its prior three years' pace pointed to (bottom 21% of its family); net income of $141 million against a prior three-year average of $46 million (top 9%); a net margin of 14.8% against 3.9% before (top 44%) (its annual reports).