APPF - AppFolio Stock

Market Summary

USD178.76+0.65

Market Closed

0.36%

APPF Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)
Losses in recent quarter

APPF Stock Price

APPF RSI Chart

APPF Valuation

Market Cap

6.3B

Price/Earnings (Trailing)

-81.34

Price/Sales (Trailing)

11.9

EV/EBITDA

-507.5

Price/Free Cashflow

585.71

APPF Price/Sales (Trailing)

APPF Profitability

EBT Margin

-15.38%

Return on Equity

-36.97%

Return on Assets

-23.99%

Free Cashflow Yield

0.17%

APPF Fundamentals

APPF Revenue

Revenue (TTM)

532.3M

Revenue Y/Y

25.22%

Revenue Q/Q

8.06%

APPF Earnings

Earnings (TTM)

-77.9M

Earnings Y/Y

36.93%

Earnings Q/Q

46.17%

Price Action

52 Week Range

94.73201.91

(Low)(High)

Last 7 days

-1.7%

Last 30 days

-3.1%

Last 90 days

7.3%

Trailing 12 Months

78.3%

APPF Financial Health

Current Ratio

2.65

APPF Investor Care

Shares Dilution (1Y)

1.83%

Diluted EPS (TTM)

-2.2

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for APPF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-09-13	Schauser Klaus	acquired	-	-	500,000	-
2023-09-05	Schauser Klaus	gifted	-	-	-100,000	-
2023-08-21	KERR JANET	sold	-43,115	172	-250	-
2023-08-10	Trigg William Shane	sold (taxes)	-328,995	172	-1,906	chief executive officer
2023-08-10	Goon Fay Sien	sold (taxes)	-228,708	172	-1,325	chief financial officer
2023-08-10	Mazza Matthew S	sold (taxes)	-143,094	172	-829	chief legal officer
2023-08-04	KERR JANET	sold	-131,685	175	-750	-
2023-07-17	Schauser Klaus	gifted	-	-	-100,000	-
2023-06-27	von Blottnitz Andreas	acquired	-	-	921	-
2023-06-27	Nottebohm Olivia	acquired	-	-	921	-

Which funds bought or sold APPF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-01	DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.	reduced	-24.13	2,008,440	42,805,500	4.17%
2023-08-22	VIRGINIA RETIREMENT SYSTEMS ET AL	added	38.89	206,286	430,350	-%
2023-08-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-6.53	886,352	3,915,320	0.01%
2023-08-21	OSAIC HOLDINGS, INC.	added	52.5	1,174,440	2,233,230	-%
2023-08-18	Legato Capital Management LLC	new	-	557,561	557,561	0.07%
2023-08-17	Orion Portfolio Solutions, LLC	reduced	-7.34	421,189	1,917,810	0.02%
2023-08-16	Nuveen Asset Management, LLC	added	43.2	7,203,650	14,550,600	-%
2023-08-15	WELLS FARGO & COMPANY/MN	added	50.52	1,161,080	2,234,720	-%
2023-08-15	CM WEALTH ADVISORS LLC	sold off	-100	-1,086,000	-	-%
2023-08-15	GOLDMAN SACHS GROUP INC	added	1.83	1,973,110	6,806,420	-%

Latest Funds Activity

Are funds buying APPF calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own APPF

No. of Funds

Schedule 13G FIlings of AppFolio

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jun 07, 2023	bliss timothy k	6.4%	1,421,531	SC 13D/A
Mar 06, 2023	duca maurice j	25.3%	6,880,874	SC 13D/A
Feb 14, 2023	brown capital management llc	13.72%	2,800,675	SC 13G/A
Feb 14, 2023	echo street capital management llc	7.2%	1,478,675	SC 13G
Feb 13, 2023	ashe capital management, lp	7.9%	1,639,403	SC 13G/A
Feb 13, 2023	capital research global investors	0.0%	0	SC 13G/A
Feb 09, 2023	vanguard group inc	8.99%	1,834,444	SC 13G/A
Jan 31, 2023	blackrock inc.	7.2%	1,462,787	SC 13G/A
Nov 10, 2022	duca maurice j	25.3%	6,830,974	SC 13D
Feb 14, 2022	brown capital management llc	17.14%	3,293,679	SC 13G/A

Recent SEC filings of AppFolio

View All Filings

Date Filed	Form Type	Document
Sep 15, 2023	4	Insider Trading
Sep 07, 2023	4	Insider Trading
Aug 23, 2023	4	Insider Trading
Aug 17, 2023	8-K	Current Report
Aug 14, 2023	4	Insider Trading
Aug 14, 2023	4	Insider Trading
Aug 14, 2023	4	Insider Trading
Aug 08, 2023	4	Insider Trading
Aug 04, 2023	144	Notice of Insider Sale Intent
Jul 28, 2023	10-Q	Quarterly Report

Peers (Alternatives to AppFolio)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	2.4T	211.9B	-0.91%	34.10%	32.82	11.21	6.88%	-0.52%
ADBE	234.3B	18.4B	-1.08%	79.49%	48.28	12.72	10.40%	-0.72%
AZPN	-	-	2.64%	-11.69%	-	-	-	-
ORCL	299.7B	51.0B	-6.10%	64.78%	31.97	5.88	15.41%	61.40%
CRM	203.4B	33.1B	0.89%	41.31%	128.89	6.15	14.81%	194.40%
ZM	20.4B	4.5B	3.77%	-10.05%	144.16	4.58	3.92%	-85.69%
MID-CAP
APPN	3.1B	506.6M	-6.96%	-6.58%	-19.95	6.21	20.13%	-27.36%
MANH	11.9B	848.2M	1.56%	44.66%	81.62	14.04	19.21%	23.01%
GWRE	7.2B	905.3M	10.94%	44.99%	-46.54	7.97	11.41%	-3.11%
SMALL-CAP
ZUO	1.1B	415.3M	-16.68%	8.22%	-6.05	2.72	11.66%	-68.02%
YEXT	769.1M	403.2M	-27.33%	32.69%	-32.1	1.91	0.77%	74.48%
UPLD	130.6M	309.9M	56.25%	-52.49%	-0.71	0.42	-0.26%	-219.50%

AppFolio News

Returns for APPF

Cumulative Returns on APPF

37.0%

7-Year Cumulative Returns

17.2%

5-Year Cumulative Returns

8.3%

3-Year Cumulative Returns

Risks for APPF

What is the probability of a big loss on APPF?

80.4%

Probability that AppFolio stock will be more than 20% underwater in next one year

56.9%

Probability that AppFolio stock will be more than 30% underwater in next one year.

0%

Probability that AppFolio stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does APPF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if AppFolio was unfortunately bought at previous high price.

Drawdowns

Financials for AppFolio

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	5.9%	532	503	472	443	414	386	359	336	324	316	310	305	289	271	256	239	221	205	190	178	165
S&GA Expenses	0.0%	112	112	107	98.00	91.00	82.00	73.00	69.00	64.00	60.00	58.00	58.00	55.00	55.00	52.00	47.00	43.00	37.00	33.00	31.00	29.00
R&D Expenses	8.5%	135	124	111	100	87.00	76.00	66.00	58.00	55.00	52.00	49.00	48.00	45.00	42.00	40.00	35.00	31.00	27.00	24.00	22.00	20.00
EBITDA	100.0%	-	-43.21	-32.41	-8.58	-4.70	25.00	33.00	25.00	213	216	222	222	35.00	30.00	26.00	27.00	27.00	32.00	36.00	35.00	33.00
EBITDA Margin	100.0%	-	-0.09*	-0.07*	-0.02*	-0.01*	0.06*	0.09*	0.07*	0.66*	0.68*	0.72*	0.73*	0.12*	0.11*	0.10*	0.11*	0.12*	0.15*	0.19*	0.20*	0.20*
Interest Expenses	54.4%	4.00	2.00	1.00	1.00	1.00	1.00	1.00	0.00	-0.68	-1.30	-1.85	-2.24	-1.79	-1.65	-1.65	-1.17	-0.54	0.00	1.00	1.00	1.00
Earnings Before Taxes	39.4%	-46.81	-77.29	-66.72	-42.14	-39.22	-7.78	2.00	-5.21	185	189	197	198	12.00	8.00	5.00	8.00	10.00	15.00	20.00	20.00	18.00
EBT Margin	100.0%	-	-0.15*	-0.14*	-0.10*	-0.09*	-0.02*	0.00*	-0.02*	0.57*	0.60*	0.63*	0.65*	0.04*	0.03*	0.02*	0.03*	0.04*	0.08*	0.11*	0.11*	0.11*
Net Income	12.4%	-77.87	-88.94	-68.12	-49.75	-45.73	-13.74	1.00	2.00	140	157	158	163	31.00	35.00	36.00	35.00	35.00	19.00	20.00	20.00	18.00
Net Income Margin	100.0%	-	-0.18*	-0.14*	-0.11*	-0.11*	-0.04*	0.00*	0.01*	0.43*	0.50*	0.51*	0.54*	0.11*	0.13*	0.14*	0.14*	0.16*	0.09*	0.11*	0.11*	0.11*
Free Cashflow	-100.0%	-	24.00	19.00	19.00	18.00	29.00	27.00	22.00	24.00	29.00	29.00	40.00	34.00	27.00	31.00	31.00	29.00	30.00	34.00	30.00	31.00

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-5.2%	351	371	381	385	375	400	408	407	399	379	389	386	320	293	260	234	226	201	176	136	124
Current Assets	-1.1%	209	212	201	177	156	170	159	197	190	181	199	202	103	93.00	62.00	65.00	64.00	58.00	108	62.00	65.00
Cash Equivalents	-76.2%	25.00	104	71.00	67.00	43.00	50.00	58.00	84.00	49.00	45.00	140	144	53.00	57.00	16.00	20.00	20.00	17.00	75.00	14.00	18.00
Net PPE	3.3%	27.00	26.00	26.00	28.00	28.00	31.00	30.00	28.00	27.00	27.00	26.00	27.00	26.00	23.00	15.00	10.00	8.00	7.00	7.00	7.00	7.00
Goodwill	0%	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	58.00	58.00	58.00	58.00	59.00	57.00	43.00	16.00	7.00
Liabilities	-3.6%	125	130	116	113	110	111	111	116	112	93.00	104	102	176	169	128	108	108	106	84.00	28.00	23.00
Current Liabilities	-6.4%	75.00	80.00	61.00	58.00	55.00	54.00	53.00	49.00	49.00	43.00	50.00	56.00	47.00	39.00	47.00	42.00	42.00	38.00	28.00	21.00	22.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	2.00	2.00	1.00	1.00	1.00	1.00	1.00	-	-
LT Debt, Non Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47.00	48.00	48.00	48.00	49.00	-	-
Shareholder's Equity	-6.1%	226	241	266	272	265	289	297	292	287	286	286	285	145	125	132	125	118	95.00	92.00	108	101
Retained Earnings	-39.2%	29.00	48.00	83.00	103	107	137	151	153	153	151	150	151	13.00	-6.05	-8.03	-12.46	-17.44	-40.59	-44.32	-46.96	-52.49
Additional Paid-In Capital	1.8%	223	219	210	197	186	179	172	165	160	161	161	159	157	157	162	159	157	157	158	156	154
Shares Outstanding	0.3%	36.00	35.00	-	35.00	35.00	35.00	-	35.00	35.00	34.00	-	34.00	34.00	34.00	-	34.00	34.00	34.00	-	34.00	34.00

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-50.6%	14.00	29.00	25.00	28.00	28.00	38.00	35.00	30.00	32.00	41.00	48.00	61.00	54.00	42.00	39.00	35.00	33.00	33.00	36.00	32.00	33.00
Share Based Compensation	1.7%	50.00	49.00	43.00	35.00	28.00	21.00	17.00	14.00	13.00	13.00	10.00	9.00	9.00	7.00	8.00	7.00	7.00	7.00	6.00	6.00	6.00
Cashflow From Investing	-155.4%	-19.43	35.00	-6.47	-41.78	-30.09	-28.55	-110	-79.80	71.00	54.00	147	133	-47.81	-28.45	-89.87	-50.59	-54.10	-49.86	-4.64	-31.24	-19.93
Cashflow From Financing	-30.6%	-12.92	-9.89	-6.16	-3.84	-4.09	-4.43	-7.35	-9.33	-107	-106	-70.36	-70.17	27.00	27.00	-7.27	22.00	23.00	25.00	26.00	-2.21	-2.01
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	4.00	4.00	4.00	4.00	-	22.00	29.00	43.00	86.00	-	-

APPF Income Statement

2023-06-30

Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2023

Jun. 30, 2022

Income Statement [Abstract]

Revenue

$ 147,075

$ 117,450

$ 283,175

$ 222,746

Costs and operating expenses:

Cost of revenue (exclusive of depreciation and amortization)

^[1]

57,854

47,430

114,062

90,777

Sales and marketing

^[1]

27,002

26,995

56,400

51,914

Research and product development

^[1]

37,263

26,687

74,925

51,007

General and administrative

^[1]

18,819

37,947

50,510

56,911

Depreciation and amortization

6,816

8,321

14,487

16,736

Total costs and operating expenses

147,754

147,380

310,384

267,345

Loss from operations

(679)

(29,930)

(27,209)

(44,599)

Other (loss) income, net

(54)

45

(34)

35

Interest income, net

1,478

151

2,839

258

Income (loss) before provision for income taxes

745

(29,734)

(24,404)

(44,306)

Provision for (benefit from) income taxes

19,646

236

29,607

(49)

Net loss

$ (18,901)

$ (29,970)

$ (54,011)

$ (44,257)

Net loss per common share, basic (in dollars per share)

$ (0.53)

$ (0.86)

$ (1.52)

$ (1.27)

Net loss per common share, diluted (in dollars per share)

$ (0.53)

$ (0.86)

$ (1.52)

$ (1.27)

Weighted average common shares outstanding, basic (in shares)

35,565,000

34,927,000

35,505,000

34,881,000

Weighted average common shares outstanding, diluted (in shares)

35,565,000

34,927,000

35,505,000

34,881,000

[1]

Includes stock-based compensation expense as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Stock-based compensation expense included in costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization)	$	988	$	726	$	1,756	$	1,084
Sales and marketing	444		2,013		2,861		3,473
Research and product development	4,348		4,024		9,787		6,830
General and administrative	4,992		3,198		10,271		5,992
Total stock-based compensation expense	$	10,772	$	9,961	$	24,675	$	17,379

APPF Balance Sheet

2023-06-30

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 24,698	$ 70,769
Investment securities—current	139,273	89,297
Accounts receivable, net	20,033	16,503
Prepaid expenses and other current assets	25,478	24,899
Total current assets	209,482	201,468
Investment securities—noncurrent	0	25,161
Property and equipment, net	26,635	26,110
Operating lease right-of-use assets	20,308	23,485
Capitalized software development costs, net	26,857	35,315
Goodwill	56,060	56,060
Intangible assets, net	3,593	4,833
Other long-term assets	8,424	8,785
Total assets	351,359	381,217
Current liabilities
Accounts payable	1,532	2,473
Accrued employee expenses	31,447	34,376
Accrued expenses	18,560	15,601
Income tax payable	13,485	0
Other current liabilities	9,687	8,893
Total current liabilities	74,711	61,343
Operating lease liabilities	39,554	50,237
Other liabilities	11,141	4,091
Total liabilities	125,406	115,671
Commitments and contingencies (Note 8)
Stockholders’ equity:
Additional paid-in capital	223,025	209,704
Accumulated other comprehensive loss	(587)	(1,684)
Treasury stock	(25,756)	(25,756)
Retained earnings	29,267	83,278
Total stockholders’ equity	225,953	265,546
Total liabilities and stockholders’ equity	351,359	381,217
Class A common stock
Stockholders’ equity:
Common stock	2	2
Class B common stock
Stockholders’ equity:
Common stock	$ 2	$ 2

About AppFolio

Jason Randall

www.appfolio.com

1600

AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes. It also provides value added services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as electronic payment, tenant screening, and insurance services. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.

Market Summary

APPF Alerts

APPF Stock Price

APPF RSI Chart

APPF Valuation

APPF Price/Sales (Trailing)

APPF Profitability

APPF Fundamentals

APPF Revenue

APPF Earnings

Price Action

52 Week Range

APPF Financial Health

APPF Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for APPF

Which funds bought or sold APPF recently?

Latest Funds Activity

APPF Alerts

Schedule 13G FIlings of AppFolio

Recent SEC filings of AppFolio

Peers (Alternatives to AppFolio)

AppFolio News

Returns for APPF

Cumulative Returns on APPF

Risks for APPF

What is the probability of a big loss on APPF?

How does APPF drawdown profile look like?

Financials for AppFolio

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

APPF Income Statement

APPF Balance Sheet

About AppFolio

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)