The financials
AppFolio, Inc. by the numbers
AppFolio, Inc. (APPF) reported revenue of $281M in Q2 2026 (quarter ended June 30, 2026), up 19% from the same quarter a year earlier. That came with a gross margin of 64% and net income of $42M (15% of revenue). For the full year FY2025, revenue was $951M (+20% year on year) and net income $141M. Its largest product in 2026-Q1 was Value Added Services at $201M, 77% of the disclosed total, just ahead of Subscription Services at 22%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $281M | $236M | +19% |
| Gross profit | $179M | $152M | +18% |
| Operating income | $53M | $41M | +31% |
| Net income | $42M | $36M | +15% |
| Diluted EPS | $1.17 | $0.99 | +18% |
| Product | Revenue | Share |
|---|---|---|
| Value Added Services | $201M | 77% |
| Subscription Services | $58M | 22% |
| Other Services | $2.6M | 1.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $262.2M (+5.2%)
Value Added Services grew +22% year on yearOther Services -25% year on year
Segment Latestquarter on quarteryear on year
- Value Added Services$201.4M$201.4MQoQ +4.8%year on year +22%+4.8%+22%
- Subscription Services$58.2M$58.2MQoQ -year on year +18%-+18%
- Other Services$2.6M$2.6MQoQ -25%year on year -25%-25%-25%
- Core Solutions--QoQ -year on year ---
Software - Application
Ranks #16 of 90 by Smart Score