Financial Reports Latest Updates Industry Maps Economic Calendar

APPFOLIO INC (APPF) Annual Reports

Q: Where can I read APPFOLIO INC (APPF) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

APPFOLIO INC is listed on Nasdaq, classified by the SEC under Services-Prepackaged Software (SIC 7372). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： Nasdaq
Fiscal year end： 12/31
SEC CIK： 1433195 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$281.1M	$235.6M	+19.3%
Operating income	$53.0M	$40.5M	+30.8%
Net income	$41.5M	$36.0M	+15.5%
EPS (diluted)	$1.17	$0.99	+18.2%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 281 mn Net income 41.5 mn

Show table：Income statement

Item	2013Q4	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	26.5	11.6	13.0	13.2	15.8	18.4	20.3	20.4	23.2	26.2	28.2	28.0	32.1	35.9	37.9	37.9	42.3	47.2	50.1	50.4	57.1	63.6	67.9	67.4	72.5	81.0	84.1	72.4	78.9	89.0	95.8	95.6	105	117	125	124	136	147	165	172	187	197	206	204	218	236	249	248	262	281
Operating income	-7.60	-1.52	-1.27	-4.57	-3.51	-3.21	-4.31	-3.97	-3.58	-2.35	-1.20	-1.29	0.6	2.77	3.58	2.39	4.17	7.31	5.48	2.70	-0.06	2.30	4.13	0.09	2.83	6.35	3.36	-2.75	-5.67	1.15	-0.01	-7.34	-14.7	-29.9	-7.82	-19.9	-26.5	-0.68	-0.07	28.2	34.1	36.0	42.6	23.0	33.8	40.5	35.0	43.6	50.8	53.0
Net income	-7.30	-1.53	-1.27	-4.57	-3.62	-3.40	-4.76	-3.89	-3.60	-2.26	-1.12	-1.29	0.66	2.80	3.68	2.58	4.32	7.47	5.52	2.65	3.73	23.1	4.98	4.43	1.98	19.3	138	-0.51	0.48	2.02	-0.14	-1.33	-14.3	-30.0	-4.16	-19.7	-35.1	-18.9	26.4	30.3	38.7	29.7	33.0	103	31.4	36.0	33.6	39.9	42.4	41.5

Balance sheet

Quarterly · In mn (USD)

Total assets 648 mn Total liabilities 122 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2013Q4	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	7.81	—	74.3	44.7	27.5	28.3	29.1	24.3	32.2	34.3	40.1	51.0	53.8	55.6	64.5	62.0	108	57.5	64.1	64.7	61.8	92.7	103	202	199	181	190	197	159	170	156	177	201	212	209	240	272	307	349	395	335	272	197	303	353	255	325
Total assets	—	—	—	25.4	—	98.3	94.2	90.5	89.6	89.8	89.0	92.6	92.9	99.6	106	110	114	124	136	176	201	226	234	260	293	320	386	389	379	399	407	408	400	375	385	381	371	351	379	409	439	479	523	627	565	567	640	689	581	648
Current liabilities	—	—	—	13.5	—	18.1	17.2	16.9	17.8	18.8	17.8	21.4	20.9	23.0	23.8	23.9	20.4	21.9	20.8	28.2	38.2	41.8	42.3	47.5	38.6	47.3	56.1	49.8	43.0	48.8	49.2	52.6	54.0	54.7	57.8	61.3	79.8	74.7	74.2	69.8	56.1	63.4	63.7	63.3	58.6	67.6	100	107	72.4	84.9
Total liabilities	—	—	—	13.7	—	27.8	17.9	17.8	19.6	20.7	19.5	22.9	22.4	24.4	25.1	25.2	21.5	23.0	27.8	83.9	106	108	108	128	169	176	102	104	92.9	112	116	111	111	110	113	116	130	125	116	112	99.6	108	110	107	103	112	142	146	110	122
Equity	-44.0	—	—	-51.5	—	70.5	76.3	72.7	70.0	69.1	69.5	69.7	70.5	75.2	80.7	85.1	92.5	101	108	91.8	95.1	118	125	132	125	145	285	286	286	287	292	297	289	265	272	266	241	226	263	297	339	371	413	519	462	456	499	543	470	526

Cash flow

Quarterly · In mn (USD)

Operating 87.6 mn Investing -11.3 mn Financing -6.32 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2013Q4	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	-4.37	0.08	1.21	-0.81	-1.21	-1.60	-0.97	-3.07	-0.74	3.11	2.35	6.78	3.81	8.06	9.69	7.82	3.34	11.7	9.55	11.7	0.3	11.5	11.6	15.5	3.08	24.3	17.8	3.08	-4.44	15.1	15.8	8.93	-2.24	5.53	16.0	6.08	1.57	-9.23	36.8	31.2	43.0	50.9	57.8	36.6	38.5	52.6	86.0	65.0	34.3	87.6
Investing	-0.26	-3.29	-1.62	-1.57	-1.96	-6.76	-54.4	3.77	-0.12	-3.48	-5.72	-3.74	-5.47	-8.74	-2.16	-6.45	-10.5	-0.85	-13.5	20.1	-55.7	-5.08	-9.95	-19.1	5.73	-24.4	171	-6.03	-87.2	-6.87	20.3	-36.7	-5.28	-8.41	8.61	-1.38	36.3	-63.0	4.31	-33.2	-23.0	-38.0	-46.4	-44.3	80.8	23.8	-72.0	-22.3	138	-11.3
Financing	12.0	0.13	0.01	0.01	9.79	66.2	-2.78	-0.4	0.06	0.06	0.02	0.06	-1.06	0.1	-0.14	-0.03	-0.43	-1.40	-0.34	28.5	-1.90	-3.70	-1.04	-0.63	32.2	-3.32	-98.4	-0.82	-3.89	-4.36	-0.26	1.16	-0.97	-4.02	-0.01	-1.16	-4.70	-7.05	-5.83	-8.38	-10.2	-12.4	-8.57	-12.2	-105	-59.9	-11.4	-11.8	-132	-6.32
Cash at period end	11.3	8.19	7.78	5.41	12.0	69.9	11.8	12.1	11.3	11.0	7.60	10.7	7.97	7.39	14.8	16.1	8.55	18.0	13.8	74.1	16.8	19.5	20.1	15.8	56.8	53.3	144	140	44.7	48.6	84.4	57.9	49.5	42.6	67.2	70.8	104	24.7	59.9	49.5	59.2	59.6	62.4	42.5	56.9	73.5	76.1	107	147	217

Profitability

Quarterly · %

Operating margin 18.8% Net margin 14.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2013Q4	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating margin	-28.6%	-13.1%	-9.8%	-34.5%	-22.1%	-17.4%	-21.2%	-19.4%	-15.4%	-9.0%	-4.3%	-4.6%	1.9%	7.7%	9.5%	6.3%	9.9%	15.5%	10.9%	5.3%	-0.1%	3.6%	6.1%	0.1%	3.9%	7.8%	4.0%	-3.8%	-7.2%	1.3%	-0.0%	-7.7%	-13.9%	-25.5%	-6.3%	-16.1%	-19.5%	-0.5%	-0.0%	16.4%	18.2%	18.3%	20.7%	11.3%	15.5%	17.2%	14.1%	17.6%	19.4%	18.8%
Net margin	-27.5%	-13.2%	-9.7%	-34.6%	-22.8%	-18.4%	-23.4%	-19.1%	-15.5%	-8.6%	-4.0%	-4.6%	2.0%	7.8%	9.7%	6.8%	10.2%	15.8%	11.0%	5.3%	6.5%	36.4%	7.3%	6.6%	2.7%	23.8%	163.7%	-0.7%	0.6%	2.3%	-0.1%	-1.4%	-13.6%	-25.5%	-3.3%	-15.9%	-25.8%	-12.8%	16.0%	17.6%	20.6%	15.0%	16.0%	50.4%	14.4%	15.3%	13.5%	16.1%	16.2%	14.8%

Returns & leverage

Quarterly · %

ROE 32.1% ROA 25.9% Debt ratio 18.9%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2013Q4	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	—	—	-18.3%	-21.4%	-147.6%	-22.4%	-20.8%	-14.9%	-11.6%	-5.7%	1.4%	7.8%	12.6%	16.4%	20.5%	21.1%	22.6%	20.6%	32.0%	29.5%	32.4%	31.4%	23.3%	79.7%	75.8%	76.4%	64.7%	0.6%	0.3%	-4.8%	-16.6%	-17.7%	-24.2%	-33.6%	-31.7%	-17.7%	1.0%	26.4%	41.9%	39.0%	50.0%	49.1%	49.1%	44.7%	26.5%	32.6%	32.1%
ROA	—	—	—	-57.7%	—	-13.1%	-17.4%	-27.0%	-17.5%	-15.4%	-11.9%	-9.1%	-4.4%	1.1%	6.0%	9.6%	12.9%	16.1%	16.4%	14.0%	12.3%	20.0%	18.6%	16.6%	14.0%	11.2%	52.7%	48.8%	46.7%	38.8%	0.5%	0.3%	-3.5%	-11.8%	-12.6%	-17.3%	-23.1%	-21.4%	-12.4%	0.7%	18.9%	30.1%	29.2%	39.4%	39.2%	38.8%	35.0%	21.4%	26.5%	25.9%
Debt ratio	—	—	—	54.0%	—	28.3%	19.0%	19.6%	21.9%	23.0%	21.9%	24.7%	24.1%	24.5%	23.7%	22.8%	18.9%	18.5%	20.4%	47.7%	52.6%	47.7%	46.4%	49.3%	57.4%	54.9%	26.3%	26.6%	24.5%	28.0%	28.4%	27.1%	27.8%	29.4%	29.4%	30.3%	35.1%	35.7%	30.6%	27.3%	22.7%	22.5%	21.1%	17.1%	18.2%	19.7%	22.1%	21.3%	19.0%	18.9%

EPS

Quarterly · US$

EPS US$1.17

Show table：EPS

Item	2013Q4	2014Q2	2014Q3	2014Q4	2015Q1	2015Q2	2015Q3	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	—	—	—	—	—	—	—	-0.73	-0.11	-0.07	-0.03	-0.04	0.02	0.08	0.10	0.08	0.12	0.21	0.16	0.07	0.11	0.65	0.14	0.12	0.06	0.54	3.86	-0.02	0.01	0.06	0.00	-0.04	-0.41	-0.86	-0.12	-0.56	-0.99	-0.53	0.72	0.85	1.05	0.81	0.90	2.79	0.86	0.99	0.93	1.10	1.18	1.17

Revenue & profit

Year-to-date · In mn (USD)

Revenue 543 mn Net income 84.0 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 648 mn Total liabilities 122 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 122 mn Investing 127 mn Financing -138 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Operating margin 19.1% Net margin 15.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 32.1% ROA 25.9% Debt ratio 18.9%

EPS

Year-to-date · US$

EPS US$2.35

Revenue & profit

Annual · In mn (USD)

Revenue 951 mn Net income 141 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	75.0	106	144	190	256	310	359	472	620	794	951
Operating income	-15.0	-8.42	9.34	19.7	6.46	9.78	-11.9	-72.4	0.96	136	153
Net income	-15.7	-8.28	9.72	20.0	36.3	158	1.03	-68.1	2.70	204	141

Balance sheet

Annual · In mn (USD)

Total assets 689 mn Total liabilities 146 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	27.5	32.2	53.8	108	61.8	199	159	201	272	335	353
Total assets	90.5	92.6	110	176	260	389	408	381	409	627	689
Current liabilities	16.9	21.4	23.9	28.2	47.5	49.8	52.6	61.3	69.8	63.3	107
Total liabilities	17.8	22.9	25.2	83.9	128	104	111	116	112	107	146
Equity	72.7	69.7	85.1	91.8	132	286	297	266	297	519	543

Cash flow

Annual · In mn (USD)

Operating 242 mn Investing 10.2 mn Financing -188 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	-6.84	11.5	29.4	36.3	38.9	48.3	35.4	25.4	60.3	188	242
Investing	-59.4	-13.1	-22.8	-4.64	-89.9	147	-110	-6.47	-55.6	-152	10.2
Financing	72.9	0.2	-1.13	26.4	-7.27	-70.4	-7.35	-6.16	-26.0	-43.4	-188
Cash at period end	12.1	10.7	16.1	74.1	15.8	140	57.9	70.8	49.5	42.5	107

Profitability

Annual · %

Operating margin 16.1% Net margin 14.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating margin	-20.0%	-8.0%	6.5%	10.3%	2.5%	3.2%	-3.3%	-15.3%	0.2%	17.1%	16.1%
Net margin	-20.9%	-7.8%	6.8%	10.5%	14.2%	51.1%	0.3%	-14.4%	0.4%	25.7%	14.8%

Returns & leverage

Annual · %

ROE 26.5% ROA 21.4% Debt ratio 21.3%

Show table：Returns & leverage

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	-21.6%	-11.6%	12.6%	22.6%	32.4%	75.8%	0.3%	-24.2%	1.0%	50.0%	26.5%
ROA	-17.3%	-9.1%	9.6%	14.0%	16.6%	48.8%	0.3%	-17.3%	0.7%	39.4%	21.4%
Debt ratio	19.6%	24.7%	22.8%	47.7%	49.3%	26.6%	27.1%	30.3%	27.3%	17.1%	21.3%

EPS

Annual · US$

EPS US$3.88

Show table：EPS

Item	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（US$）	—	-0.25	0.28	0.56	1.02	4.44	0.03	-1.95	0.05	5.55	3.88

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read APPFOLIO INC (APPF) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
Back to US annual reports, or see the supply-chain maps.