Here are the 10-Q quarterly reports from AppFolio, Inc. (APPF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow APPF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full APPF filings page.
AppFolio, Inc. (APPF) reported third-quarter 2026 revenue of $295.7 million, up 19% from $249.4 million, and net income of $46.0 million versus $33.6 million. Diluted earnings were $1.29 per share versus $0.93; GAAP operating income was $57.4 million versus $35.0 million. Increased use of payments, tenant screening, risk mitigation and resident services contributed to revenue growth; units under management rose 8% to 9.8 million.
For the nine months ended September 30, 2026, operating cash flow was $218.7 million versus $177.1 million. Cash, cash equivalents and investment securities totaled $307.3 million at quarter-end. AppFolio had no borrowings under its $150.0 million revolving credit facility and was in covenant compliance. It repurchased $4.2 million of Class A shares during the quarter, with $120.8 million remaining under its $300.0 million program.
CFO Tim Eaton terminated a prior Rule 10b5-1 trading arrangement and adopted a new one on September 11, 2026, providing for sales from December 11, 2026 through December 31, 2027 of up to 818 Class A shares plus an indeterminate number of shares received in connection with vesting certain RSUs and PSUs. The latter amount depends on vesting and shares withheld for tax obligations.
AppFolio, Inc. reported strong results for the quarter ended June 30, 2026, with total revenue of $281,124 (in thousands), up 19% year over year. Growth was driven mainly by increased usage of payments, tenant screening, and risk mitigation Value Added Services, alongside 8% growth in property management units under management to 9.6 million.
GAAP income from operations rose to $52,977 (in thousands), an 18.8% operating margin, while Non-GAAP operating income reached $76,247 (in thousands) and a 27.1% margin. Net income for the quarter was $41,544 (in thousands). For the first half of 2026, net cash provided by operating activities increased to $121,902 (in thousands), or 31.2% of revenue in the second quarter, supporting liquidity.
Cash and cash equivalents were $217,401 (in thousands) at June 30, 2026, with an additional $4,284 (in thousands) in current investment securities and $87,668 (in thousands) in long-term strategic investments. The company repurchased $125.0 million of Class A shares in the first quarter under a $300.0 million program and maintains a $150.0 million undrawn senior secured revolving credit facility. Remaining performance obligations totaled $114.8 million, with 42.1% expected to be recognized over the next 12 months.
AppFolio, Inc. reported a strong first quarter of 2026 with double‑digit growth and higher profitability. Revenue rose 20% year over year to $262.2 million, driven mainly by greater use of payments, tenant screening, and risk mitigation services, and an 8% increase in property management units under management to 9.5 million.
GAAP operating income increased to $50.7 million, a 19.4% margin, up from 15.5% a year earlier. Non‑GAAP operating income was $71.5 million, or 27.3% of revenue, compared with 24.3% in Q1 2025. Net income grew to $42.4 million, with diluted earnings per share of $1.18 versus $0.86 in the prior‑year quarter.
Net cash from operating activities was $34.3 million, slightly below last year’s $38.5 million, while cash, cash equivalents and investment securities totaled $151.7 million as of March 31, 2026. The company repurchased 702,502 Class A shares for $125.0 million under its 2025 stock repurchase program, leaving $125.0 million still available. AppFolio also highlighted a $150.0 million undrawn revolving credit facility and a $219.3 million multi‑year cloud‑services commitment through 2031.
AppFolio, Inc. reported solid third‑quarter performance with revenue of $249,353, up 21% year over year, driven mainly by higher usage of payments, tenant screening, and risk mitigation services. Net income was $33,646, roughly flat versus last year, as operating expenses rose to support growth. Diluted EPS was $0.93.
For the first nine months, revenue reached $702,630 and net income was $101,009. Operating cash flow strengthened to $177,115, reflecting healthy collections. The company invested $75.0 million in Second Nature Holdings, expanded liquidity with a new $150.0 million senior secured revolving credit facility (undrawn), and executed share repurchases of $95.8 million in Q1 and $50.0 million in Q2, leaving $250.0 million available under the 2025 program. Units under management grew to 9.1 million as of September 30, 2025, supporting both subscription and usage‑based revenue.