Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

APPFOLIO INC
Next earnings Jul 29, 2026 · consensus $1.72 EPS, $283M rev
Last earnings -3.9% on 2026-04-23
Property-management SaaS compounding ~20% with a 26% ROE and rising cash flow — quality growth, but 39x leaves little slack.
Sources: SEC EDGAR (CIK 0001433195, latest 10-Q filed 2026-04-23) · EODHD · analysis by claude-code · as of 6/21/2026, 8:57:00 PM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
The fundamentals carry the rating, but the price is rich (~76% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
AppFolio is a vertical-SaaS leader for real-estate/property management, combining subscription software with high-margin Value Added Services (electronic payments, tenant screening, risk mitigation). The business is executing well: FY2025 revenue grew 19.7% to $951M, property-management units under management rose 8% to 9.4 million, and the model throws off strong cash — operating cash flow climbed 28.7% to $242M (25.5% of revenue). ROE is an excellent 26.0% and the balance sheet is pristine (0.27x liabilities/equity, $107M cash, minimal debt).
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $359M | $472M | $620M | $794M | $951M |
| Gross profit | — | — | — | — | — |
| Operating income | -$11.9M | -$72.4M | $963K | $136M | $153M |
| Net income | $1.03M | -$68.1M | $2.70M | $204M | $141M |
| Diluted EPS | $0.03 | -$1.95 | $0.07 | $5.55 | $3.88 |
| Net margin | 0.3% | -14.4% | 0.4% | 25.7% | 14.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1482 tracked peers · median
1 sell · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 0 open-market buys · 14 sales
| 2026-06-12 | Rigler Don Principal Accounting Officer | Sell | 150.00 @ $159.56 | $23.9K |
| 2026-06-12 | Pickering Evan General Counsel | Sell | 160.00 @ $153.38 | $24.5K |
| 2026-06-12 | Pickering Evan General Counsel | Sell | 199.00 @ $154.76 | $30.8K |
| 2026-06-12 | Pickering Evan General Counsel | Sell | 101.00 @ $155.94 | $15.7K |
| 2026-06-12 | Pickering Evan General Counsel | Sell | 200.00 @ $156.87 | $31.4K |
| 2026-06-12 | Eaton Timothy Mathias Chief Financial Officer | Sell | 200.00 @ $154.66 | $30.9K |
| 2026-06-12 | Eaton Timothy Mathias Chief Financial Officer | Sell | 200.00 @ $156.35 | $31.3K |
| 2026-06-12 | Eaton Timothy Mathias Chief Financial Officer | Sell | 200.00 @ $157.41 | $31.5K |
| 2026-06-12 | Eaton Timothy Mathias Chief Financial Officer | Sell | 1.69K @ $161.16 | $272K |
| 2026-06-12 | Eaton Timothy Mathias Chief Financial Officer | Sell | 300.00 @ $161.83 | $48.5K |
| 2026-05-15 | Trigg William Shane Chief Executive Officer | Sell | 1.44K @ $151.68 | $218K |
| 2026-05-15 | Trigg William Shane Chief Executive Officer | Sell | 1.49K @ $152.70 | $227K |