AppFolio, Inc. (APPF) Stock Price & Analysis
AppFolio, Inc. (APPF) closed at USD 217.33 on Thursday, October 22, 2026, up 0.06% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 217.2; the Oct 22, 2026 session ranged USD 208.66–222.59 on volume of 1,041,482 shares. Market capitalization is $7.70B, with a 52-week range of USD 142.56–265.02 (NGM). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/APPF.md
Key facts (APPF)
- Last four reported quarters (through Jun 30, 2026): revenue $1.04B, net income $158M (15.1% margin), free cash flow $270M (SEC filings).
- Valuation: P/E 48.9x (avg 813.1x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (9 analysts), mean target USD 243.41 (range 217.29–280).
- Total return with dividends: 1Y -9.3% vs S&P 500 +14.9%; 5Y +63.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 1.7, revenue estimate $287M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (APPF)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $359M | $472M | $620M | $794M | $951M | $1.04B |
| Gross profit | $215M | — | — | — | — | — |
| Operating income | -$11.9M | -$72.4M | $963K | $136M | $153M | $182M |
| Net income | $1.0M | -$68.1M | $2.7M | $204M | $141M | $158M |
| EPS (diluted) | $0.03 | -$1.95 | $0.07 | $5.55 | $3.88 | — |
| Free cash flow | $27.3M | $18.8M | $51.2M | $186M | $239M | $270M |
| Gross margin | 59.9% | — | — | — | — | — |
| Operating margin | -3.3% | -15.3% | 0.2% | 17.1% | 16.1% | 17.5% |
| Net margin | 0.3% | -14.4% | 0.4% | 25.7% | 14.8% | 15.1% |
| Revenue growth | +15.9% | +31.3% | +31.5% | +28.0% | +19.7% | — |
| Cash + short-term investments | $122M | $160M | $212M | $278M | $251M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (APPF)
P/E 48.9x · P/S 7.4x · P/FCF 28.5x · P/B 14.6x · FCF yield 3.51% · Earnings yield 2.05% · Buyback yield (TTM) 1.62%
P/E at fiscal year-ends: Dec 2025 60.0x, Dec 2024 44.5x, Dec 2023 2334.9x.
Analysts (APPF)
Consensus Buy (mean 2.00 on a 1–5 scale), 9 analysts; mean target USD 243.41 (low 217.29, high 280).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Keefe, Bruyette & Woods | Target raised | Outperform | $233 → $255 |
| 2026-10-07 | UBS | Downgrade | Buy → Neutral | $200 → $220 |
| 2026-09-17 | Keybanc | Target raised | Overweight | $255 → $280 |
| 2026-07-23 | Guggenheim | Initiated | Buy | $232 |
Total return (dividends reinvested) (APPF)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -9.3% | +63.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -9.3% | +10.3% |
| Volatility (annualized) | 44.6% | 40.1% |
| Max drawdown | -45.3% (Nov 2025→Apr 2026) | -55.1% (Jul 2025→Apr 2026) |
APPF revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Value Added Services | $231.9M | 78.4% | +20.7% |
| Subscription Services | $61.5M | 20.8% | +14.5% |
| Other | $2.2M | 0.8% | -36.8% |
| Total revenue | $295.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
APPF company outlook (results filed Oct 22, 2026)
- “Based on information available as of October 22, 2026, AppFolio's outlook for fiscal year 2026 follows: • Full year revenue range is increasing to $1.122 - $1.127 billion. • Full year non-GAAP operating margin range as a percentage of revenue is now 26.5% - 27.5%. • Diluted weighted average shares outstanding are expected to be approximately 36 million for the full year.”
Quoted word-for-word from the SEC 8-K results press release.
APPF analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $1.70 | $1.80 | -5.5% | $286.7M | 6 |
| Next quarter (ends Mar 2027) | $1.93 | $1.98 | -2.8% | $305.8M | 4 |
| Current fiscal year (ends Dec 2026) | $6.84 | $6.90 | -0.9% | $1.12B | 7 |
| Next fiscal year (ends Dec 2027) | $8.32 | $8.43 | -1.3% | $1.32B | 8 |
APPF options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 64.8% | ±14.7% |
| Dec 18, 2026 | 56 | 57.2% | ±18.1% |
| Jan 15, 2027 | 84 | 52.8% | ±20.4% |
| Apr 16, 2027 | 175 | 51.6% | ±28.6% |
30-day implied volatility 66.7% vs 43.3% realized over the last 30 trading days. Put/call ratio (volume) 0.03. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 217.33 |
|---|---|
| Change | ▲ 0.06% (up) |
| Previous Close | USD 217.2 |
| Open | USD 217.2 |
| Day Range | USD 208.66 – 222.59 |
| 52-Week Range | USD 142.56 – 265.02 |
| Volume | 1,041,482 shares |
| Market Cap | $7.70B |
| Exchange | NGM |
Technical Analysis (APPF)
Nexqual's technical model rates APPF "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 56.64 (neutral) |
| vs SMA50 | Above (USD 211.96) |
| MACD | 2.4 (positive) |
Analyst Ratings (APPF)
Wall Street analysts rate APPF "Buy" based on 9 analysts, with a mean price target of USD 243.41 (range USD 217.29–280), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 9 |
| Mean Target | USD 243.41 |
| High Target | USD 280 |
| Low Target | USD 217.29 |
| Buy / Hold / Sell | 7 / 2 / 0 |
Earnings (APPF)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 1.7 |
| Revenue Estimate | $286.72M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 1.82 vs est 1.79 ▲ beat |
| 2026-06-30 | USD 1.71 vs est 1.69 ▲ beat |
| 2026-03-31 | USD 1.61 vs est 1.47 ▲ beat |
| 2025-12-31 | USD 1.39 vs est 1.25 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (APPF)
| Total Revenue | $1.04B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +19.30% |
| Gross Margin | +63.53% |
| Operating Margin | +18.84% |
| Profit Margin | +15.13% |
| ROE | +32.09% |
| Debt / Equity | 0.07 |
| Current Ratio | 3.83 |
| Total Cash | $221.68M |
| Total Debt | $35.77M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $270.02M (25.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (APPF)
Nexqual rates AppFolio, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Strong — Revenue +20% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 64%, operating 19% (last 12 months) |
| Balance Sheet | Strong — $222M cash vs $36M debt, net cash position |
| Cash Flow | Strong — FCF $270M (last 4 quarters to Jun 2026, SEC), 26% margin |
| Efficiency | Strong — ROE 32%, ROA 18.7% |
Ownership (APPF)
| Insider Ownership | +3.95% |
|---|---|
| Institutional Ownership | +99.30% |
| Shares Outstanding | 24.09M |
| Float | 23.19M |
| Short % of Float | +10.16% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (APPF)
AppFolio, Inc. is led by Shane Trigg, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 09:48 UTC.
| President, CEO & Chairman | Shane Trigg |
|---|---|
| CFO & Interim Principal Accounting Officer | Timothy Mathias Eaton |
| Chief Technology Officer | Matthew Baird |
| Chief Marketing Officer | Lisa Horner |
| Chief Revenue Officer | Maryclaire Campbell |
Major Backers & Investors (APPF)
Notable institutional backers of AppFolio, Inc. include Principal Financial Group, Inc., Principal Funds, Inc-MidCap Fund, Ashe Capital Management, LP, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Principal Financial Group, Inc. | 6.66% |
| Principal Funds, Inc-MidCap Fund | 4.71% |
| Ashe Capital Management, LP | 4.35% |
| William Blair Investment Management, LLC | 3% |
| LONDON CO OF VIRGINIA | 2.92% |
| Price (T.Rowe) Associates Inc | 2.91% |
| Nellore Capital Management LLC | 2.72% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.98% |
| Vanguard Group | 10.51% |
| State Street | 3.18% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
From AppFolio, Inc.'s Latest SEC 10-K Filing (filed 2026-02-05)
Key Strengths & Strategy (as disclosed to the SEC)
- AppFolio Property Manager Max includes the functionality of Plus and adds functionality designed for our largest operators, offering tools such as end-to-end leasing support with built-in leasing customer relationship management, or CRM, and leasing signals, and provides full database access through a read/write API.
- We control access to our proprietary technology by entering into confidentiality and invention assignment agreements with our employees and contractors, and confidentiality agreements with third parties.
- We rely on a combination of patents, copyrights, trademarks, trade secrets, confidentiality procedures and contractual restrictions to establish and protect our proprietary rights in our services.
- The efforts of our customer-facing teams are focused on driving use and adoption of our services and helping customers achieve success on our platform.
Partnerships
- Our business development team acts in partnership with our marketing and sales teams to reach potential customers, generate sales opportunities, and accelerate the time from evaluation to close.
Legal & Regulatory Risks (Item 1A, quoted)
- We could face antitrust challenges, which could harm our business and operating results.
- Risks Related to Cybersecurity and Data Privacy
- Privacy laws and regulations could impose additional costs and reduce demand for our services.
- Laws and regulations are continuously evolving and unfavorable changes could adversely affect our operating results, subject us to litigation or governmental investigation, or otherwise harm our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
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