APPFOLIO INC

APPF 10-K · FY 2025

APPF FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 950,822 794,202 +19.7%
Show Product Lines breakouts
Other 17,816 8,586 +107.5%
Subscription Services 211,457 180,605 +17.1%
Value Added Services 721,549 605,011 +19.3%
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization 345,341 282,067 +22.4%
Sales & Marketing 143,904 110,597 +30.1%
Research & Development 190,419 160,375 +18.7%
General & Administrative 95,590 85,974 +11.2%
Cost Of Goods And Services Sold Depreciation And Amortization 22,651 19,545 +15.9%
Total Costs & Expenses 797,905 658,558 +21.2%
Operating Income 152,917 135,644 +12.7%
Other Non-Operating Income (Expense) 38 697 -94.5%
Interest Income Expense Nonoperating Net 8,157 13,981 -41.7%
Income Before Taxes 161,112 150,322 +7.2%
Income Tax Expense (Benefit) 20,189 -53,746 +137.6%
Net Income 140,923 204,068 -30.9%
Show Equity Components breakouts
Retained Earnings 140,923 204,068 -30.9%
EPS (Basic) 3.91 5.63 -30.6%
EPS (Diluted) 3.88 5.55 -30.1%
Wtd Avg Shares (Basic) 36,013 36,252 -0.7%
Wtd Avg Shares (Diluted) 36,327 36,782 -1.2%
Comprehensive Income 140,780 204,142 -31.0%
Net Income Loss Available To Common Stockholders Basic 140,923 204,056 -30.9%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 106,967 42,504 +151.7%
Debt Securities Available For Sale Excluding Accrued Interest Current 144,256 235,745 -38.8%
Accounts Receivable 36,873 24,346 +51.5%
Prepaid Expenses & Other Current Assets 65,218 32,807 +98.8%
Total Current Assets 353,314 335,402 +5.3%
Non-Current Assets
Property, Plant & Equipment 23,228 24,483 -5.1%
Operating Lease Right-of-Use Assets 15,924 17,472 -8.9%
Goodwill 96,410 96,410 0.0%
Deferred Tax Assets 58,823 76,910 -23.5%
Other Non-Current Assets 14,085 9,482 +48.5%
Total Assets 688,967 626,678 +9.9%
Intangible Assets 38,826 49,057 -20.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 29,900 37,700 -20.7%
Databases 1,413 1,884 -25.0%
Developed Technology Rights 7,513 9,473 -20.7%
Long Term Investments 77 2 +3750.0%
Other Assets
Capitalized Computer Software Net 11,324 15,429 -26.6%
Intangible Assets Net Excluding Goodwill 38,826 49,057 -20.9%
Equity Securities Without Readily Determinable Fair Value Amount 77,033 2,033 +3689.1%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Others 2,033 2,033 0.0%
Second Nature 75,000
Current Liabilities
Accounts Payable 4,123 2,378 +73.4%
Employee Related Liabilities Current 59,774 30,157 +98.2%
Accrued Liabilities 20,829 14,658 +42.1%
Other Liabilities Current 22,121 16,087 +37.5%
Total Current Liabilities 106,847 63,280 +68.8%
Non-Current Liabilities
Operating Lease Liabilities 33,287 37,476 -11.2%
Other Non-Current Liabilities 6,254 6,632 -5.7%
Total Liabilities 146,388 107,388 +36.3%
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Common Class A 3 2 +50.0%
Common Class B 1 2 -50.0%
Additional Paid-In Capital 284,054 254,821 +11.5%
Accumulated Other Comprehensive Income 30 173 -82.7%
Treasury Stock Value -172,480 -25,756 -569.7%
Retained Earnings 430,971 290,048 +48.6%
Total Stockholders' Equity 542,579 519,290 +4.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 30 173 -82.7%
Additional Paid In Capital 284,054 254,821 +11.5%
Common Stock · Common Class A 3 2 +50.0%
Common Stock · Common Class B 1 2 -50.0%
Retained Earnings 430,971 290,048 +48.6%
Treasury Stock Common -172,480 -25,756 -569.7%
Total Liabilities & Equity 688,967 626,678 +9.9%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 22,651 19,543 +15.9%
Operating Lease Right Of Use Asset Amortization Expense 2,221 2,030 +9.4%
Capitalized Contract Cost Amortization 11,115 9,985 +11.3%
Deferred Income Taxes And Tax Credits 18,139 -76,937 +123.6%
Stock-Based Compensation 70,790 60,328 +17.3%
Other Non-Cash Items -2,119 -8,220 +74.2%
Change in Accounts Receivable -12,527 -3,383 -270.3%
Change in Prepaid & Other Assets -21,446 -5,859 -266.0%
Change in Accounts Payable 1,767 1,559 +13.3%
Increase Decrease In Operating Lease Liability -4,263 -3,143 -35.6%
Increase Decrease In Other Operating Liabilities 14,854 -11,812 +225.8%
Net Cash from Operations 242,105 188,159 +28.7%
Deferred Income Taxes 17,459 -86,508 +120.2%
Investing Activities
Purchases of Investments -228,887 -317,173 +27.8%
Proceeds From Sale Of Available For Sale Securities Debt 202,662 9,984 +1929.9%
Show Financial Instrument breakouts
US Treasury Securities 202,662 9,984 +1929.9%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 118,970 240,035 -50.4%
Show Financial Instrument breakouts
US Treasury Securities 118,970 240,035 -50.4%
Capital Expenditures -3,155 -2,016 -56.5%
Payments To Develop Software -3,440 -5,170 +33.5%
Payments For Proceeds From Longterm Investments -75,000
Payments To Acquire Businesses Net Of Cash Acquired -906 -77,421 +98.8%
Net Cash from Investing 10,244 -151,761 +106.8%
Financing Activities
Proceeds From Stock Options Exercised 134 3,924 -96.6%
Tax Withholding for Share Compensation -43,248 -47,327 +8.6%
Proceeds From Stock Plans 951
Share Repurchases -145,723
Net Cash from Financing -187,886 -43,403 -332.9%
Supplemental
Income Taxes Paid 28,840 14,022 +105.7%
Operating Lease Payments 6,251 5,828 +7.3%
Income Taxes Paid 28,840
Other Cash Flow
Net Change in Cash 64,463 -7,005 +1020.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 107,217 42,754 +150.8%
Restricted Cash And Cash Equivalents 250 250 0.0%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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