APPFOLIO INC
APPFOther · Large accelerated filer · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $950.8M | $794.2M | $620.4M | $471.9M | $359.4M | $310.1M |
| Operating income | $152.9M | $135.6M | $963,000 | −$72.4M | −$11.9M | $9.8M |
| Net income | $140.9M | $204.1M | $2.7M | −$68.1M | $1.0M | $158.4M |
| Total assets | $689.0M | $626.7M | $408.9M | $381.2M | $408.0M | $389.5M |
| Total liabilities | $146.4M | $107.4M | $111.6M | $115.7M | $110.6M | $103.6M |
| Equity | $542.6M | $519.3M | $297.3M | $265.5M | $297.4M | $285.9M |
| EPS (diluted) | $3.88 | $5.55 | $0.07 | $-1.95 | $0.03 | $4.44 |
| Shares out. | 36.3M | 36.8M | 36.4M | 35.0M | 35.7M | 35.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 16.1%
- Net margin
- 14.8%
- Return on equity
- 26.0%
- Return on assets
- 20.5%
- Return on capital (ROCE)
- 26.3%
- Liabilities / assets
- 21.2%
- Debt / equity
- 0.27×
- Book value / share
- $14.94
- Revenue growth (YoY)
- 19.7%
- Net income growth (YoY)
- −30.9%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 9.77safe
- Accruals / assets
- −14.7%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 7 good- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Capital Management LlcPassive (13G)Apr 29, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 28, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Principal Global InvestorsPassive (13G)Feb 6, 2026
- Schauser KlausPassive (13G)Nov 14, 2025
- Ashe Capital Management, LpPassive (13G)Aug 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Trigg William ShaneOfficer — Chief Executive Officer | May 15, 2026 | Sell | 1,436 | $151.68 |
| Barat Elizabeth ErinOfficer — Chief People Officer | May 10, 2026 | Tax withholding | 301 | $166.59 |
| Pickering EvanOfficer — General Counsel | May 10, 2026 | Tax withholding | 80 | $166.59 |
| Rigler DonOfficer — Principal Accounting Officer | May 10, 2026 | Tax withholding | 45 | $166.59 |
| Trigg William ShaneOfficer — Chief Executive Officer | May 10, 2026 | Tax withholding | 599 | $166.59 |
| Eaton Timothy MathiasOfficer — Chief Financial Officer | May 10, 2026 | Tax withholding | 315 | $166.59 |
| Trigg William ShaneOfficer — Chief Executive Officer | Apr 9, 2026 | Grant | 30,930 | $0.00 |
| Kerr JanetDirector | Mar 10, 2026 | Gift | 798 | $0.00 |
| Rigler DonOfficer — Principal Accounting Officer | Feb 20, 2026 | Grant | 1,980 | $0.00 |
| Trigg William ShaneOfficer — Chief Executive Officer | Feb 17, 2026 | Sell | 320 | $167.04 |
| Casey SaoriDirector | Feb 12, 2026 | Grant | 1,248 | $0.00 |
| Pickering EvanOfficer — General Counsel | Feb 10, 2026 | Grant | 2,648 | $188.30 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.7M | 8.9 | +8.2% |
| Apr 30, 2026 | 2.5M | 6.4 | +8.0% |
| Apr 15, 2026 | 2.3M | 7.9 | +4.8% |
| Mar 31, 2026 | 2.2M | 5.6 | +6.5% |
| Mar 13, 2026 | 2.1M | 6.1 | +8.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsApr 23, 2026
- Director / officer changeApr 10, 2026
- Results of operationsJan 29, 2026
- Director / officer changeJan 15, 2026
- Director / officer changeDec 3, 2025
- Regulation FD disclosureNov 18, 2025
- Results of operations · Director / officer changeOct 30, 2025
- Entered a material agreement · New financial obligationOct 3, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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