Appfolio Inc - Understand $appf stock

$APPF Market Cap: $10.13 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$762.4M

TTM

Gross Margin

64.94%

TTM

Net Earnings

$131.6M

TTM

Current Assets

$395.1M

Q3 2024

Current Liabilities

$63.70M

Q3 2024

Current Ratio

620.35%

Q3 2024

Total Assets

$523.3M

Q3 2024

Total Liabilities

$110.5M

Q3 2024

Book Value

$412.8M

Q3 2024

Cash

$62.42M

Q3 2024

P/E

77.00

Nov 29, 2024 EST

Free Cash Flow

$172.3M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$620.4M	$471.9M	$359.4M	$310.1M	$256.0M	$190.1M	$143.8M	$105.6M	$74.98M	$47.67M	$26.54M
YoY Change	31.48%	31.31%	15.9%	21.11%	34.69%	32.17%	36.2%	40.82%	57.28%	79.61%	108.99%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	$620.4M	$471.9M	$359.4M	$310.1M	$256.0M	$190.1M	$143.8M	$105.6M	$74.98M	$47.67M	$26.54M
Cost Of Revenue	$238.1M	$191.8M	$143.9M	$119.0M	$101.6M	$73.55M	$55.28M	$44.63M	$33.90M	$22.56M	$13.62M
Gross Profit	$382.4M	$280.1M	$215.4M	$191.0M	$154.4M	$116.5M	$88.52M	$60.96M	$41.07M	$25.12M	$12.93M
Gross Profit Margin	61.63%	59.35%	59.95%	61.61%	60.3%	61.3%	61.56%	57.73%	54.78%	52.69%	48.7%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Selling, General & Admin	$201.1M	$208.2M	$130.5M	$105.9M	$86.01M	$58.18M	$49.91M	$46.81M	$40.42M	$23.37M	$12.62M
YoY Change	-3.43%	59.56%	23.18%	23.16%	47.83%	16.57%	6.63%	15.8%	72.99%	85.1%	17.97%
% of Gross Profit	52.58%	74.34%	60.57%	55.45%	55.71%	49.93%	56.38%	76.79%	98.41%	93.03%	97.66%
Research & Development	$151.4M	$111.1M	$65.98M	$48.53M	$39.51M	$24.11M	$16.58M	$12.64M	$9.554M	$6.505M	$5.057M
YoY Change	36.22%	68.41%	35.96%	22.83%	63.86%	45.44%	31.18%	32.28%	46.87%	28.63%	23.34%
% of Gross Profit	39.59%	39.68%	30.63%	25.4%	25.59%	20.69%	18.73%	20.73%	23.26%	25.9%	39.12%
Depreciation & Amortization	$26.50M	$30.82M	$30.85M	$26.79M	$22.40M	$14.58M	$12.70M	$9.935M	$6.104M	$3.805M	$2.850M
YoY Change	-14.02%	-0.08%	15.14%	19.62%	53.64%	14.78%	27.82%	62.76%	60.42%	33.51%	35.71%
% of Gross Profit	6.93%	11.0%	14.32%	14.02%	14.51%	12.51%	14.35%	16.3%	14.86%	15.15%	22.05%
Operating Expenses	$352.4M	$352.4M	$196.5M	$154.5M	$125.5M	$82.29M	$66.49M	$59.44M	$49.97M	$29.87M	$17.68M
YoY Change	0.0%	79.39%	27.2%	23.06%	52.53%	23.77%	11.85%	18.95%	67.3%	68.95%	4.62%
Operating Profit	$963.0K	-$72.37M	-$11.88M	$9.783M	$6.461M	$19.66M	$9.335M	-$8.423M	-$15.00M	-$8.559M	-$7.604M
YoY Change	-101.33%	509.28%	-221.41%	51.42%	-67.13%	110.56%	-210.83%	-43.86%	75.29%	12.56%	-38.68%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$7.031M	$1.184M	$501.0K	-$1.800M	-$1.700M	$800.0K	$500.0K	$200.0K	$800.0K	$100.0K	$0.00
YoY Change	493.83%	136.33%	-127.83%	5.88%	-312.5%	60.0%	150.0%	-75.0%	700.0%		-100.0%
% of Operating Profit	730.11%			-18.4%	-26.31%	4.07%	5.36%
Other Income/Expense, Net	$3.000K	$4.469M	$13.11M	$188.9M	$16.00K	-$56.00K	-$96.00K	-$37.00K	$5.000K	-$121.0K	$287.0K
YoY Change	-99.93%	-65.91%	-93.06%	1180506.25%	-128.57%	-41.67%	159.46%	-840.0%	-104.13%	-142.16%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pretax Income	$7.997M	-$66.72M	$1.734M	$196.8M	$4.823M	$20.39M	$9.774M	-$8.214M	-$15.59M	-$8.621M	-$7.305M
YoY Change	-111.99%	-3947.58%	-99.12%	3981.09%	-76.34%	108.58%	-218.99%	-47.32%	80.87%	18.02%	-40.61%
Income Tax	$5.295M	$1.402M	$706.0K	$38.43M	-$31.46M	$400.0K	$58.00K	$67.00K	$75.00K	$0.00	$0.00
% Of Pretax Income	66.21%		40.72%	19.52%	-652.27%	1.96%	0.59%
Net Earnings	$2.702M	-$68.12M	$1.028M	$158.4M	$36.28M	$19.97M	$9.716M	-$8.281M	-$15.67M	-$8.621M	-$7.305M
YoY Change	-103.97%	-6726.36%	-99.35%	336.59%	81.71%	105.51%	-217.33%	-47.15%	81.74%	18.02%	-40.61%
Net Earnings / Revenue	0.44%	-14.44%	0.29%	51.09%	14.17%	10.51%	6.76%	-7.84%	-20.9%	-18.08%	-27.52%
Basic Earnings Per Share	$0.08	-$1.95	$0.03	$4.62	$1.07	$0.59	$0.29	-$0.25	-$0.73
Diluted Earnings Per Share	$0.07	-$1.946M	$0.03	$4.44	$1.02	$0.56	$0.28	-$0.25	-$0.73	-$266.3K	-$226.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Cash & Short-Term Investments	$211.7M	$160.1M	$122.4M	$168.5M	$38.70M	$90.70M	$45.90M	$26.20M	$22.30M	$5.000M	$10.90M
YoY Change	32.26%	30.72%	-27.33%	335.4%	-57.33%	97.6%	75.19%	17.49%	346.0%	-54.13%
Cash & Equivalents	$49.51M	$70.77M	$57.85M	$140.3M	$15.80M	$74.10M	$16.10M	$10.70M	$12.10M	$5.000M	$10.90M
Short-Term Investments	$162.2M	$89.30M	$64.60M	$28.30M	$22.90M	$16.60M	$29.80M	$15.50M	$10.20M
Other Short-Term Assets	$39.94M	$24.90M	$23.55M	$20.80M	$15.50M	$11.80M	$4.500M	$3.500M	$3.200M	$1.600M	$1.100M
YoY Change	60.42%	5.71%	13.24%	34.19%	31.36%	162.22%	28.57%	9.38%	100.0%	45.45%
Inventory
Prepaid Expenses
Receivables	$20.71M	$16.50M	$12.60M	$10.10M	$7.600M	$5.500M	$3.400M	$2.500M	$2.000M	$1.200M	$800.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$272.4M	$201.5M	$158.6M	$199.4M	$61.80M	$108.0M	$53.80M	$32.20M	$27.50M	$7.800M	$12.70M
YoY Change	35.19%	27.03%	-20.46%	222.65%	-42.78%	100.74%	67.08%	17.09%	252.56%	-38.58%
Property, Plant & Equipment	$47.65M	$49.60M	$72.19M	$57.00M	$42.50M	$6.900M	$6.700M	$7.100M	$6.100M	$2.600M	$1.700M
YoY Change	-3.93%	-31.3%	26.65%	34.12%	515.94%	2.99%	-5.63%	16.39%	134.62%	52.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$0.00	$25.16M	$61.08M	$6.800M	$12.10M	$11.30M	$22.40M	$26.70M	$34.40M
YoY Change	-100.0%	-58.8%	798.18%	-43.8%	7.08%	-49.55%	-16.1%	-22.38%
Other Assets	$8.906M	$8.785M	$7.087M	$18.40M	$33.90M	$7.700M	$1.200M	$1.200M	$1.200M	$900.0K	$900.0K
YoY Change	1.38%	23.96%	-61.48%	-45.72%	340.26%	541.67%	0.0%	0.0%	33.33%	0.0%
Total Long-Term Assets	$136.5M	$179.7M	$249.4M	$190.1M	$198.3M	$67.70M	$56.40M	$60.40M	$63.00M	$17.60M	$15.00M
YoY Change	-24.04%	-27.93%	31.21%	-4.14%	192.91%	20.04%	-6.62%	-4.13%	257.95%	17.33%
Total Assets	$408.9M	$381.2M	$408.0M	$389.5M	$260.1M	$175.7M	$110.2M	$92.60M	$90.50M	$25.40M	$27.70M
YoY Change
Accounts Payable	$1.141M	$2.473M	$1.704M	$1.000M	$1.900M	$1.500M	$600.0K	$900.0K	$2.400M	$2.100M	$200.0K
YoY Change	-53.86%	45.13%	70.4%	-47.37%	26.67%	150.0%	-33.33%	-62.5%	14.29%	950.0%
Accrued Expenses	$60.92M	$49.98M	$45.22M	$34.80M	$31.40M	$20.70M	$15.00M	$11.60M	$8.500M	$4.900M	$2.800M
YoY Change	21.89%	10.51%	29.95%	10.83%	51.69%	38.0%	29.31%	36.47%	73.47%	75.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due				$0.00	$1.200M	$1.200M				$0.00
YoY Change				-100.0%	0.0%
Total Short-Term Liabilities	$69.77M	$61.34M	$52.64M	$49.80M	$47.50M	$28.20M	$23.90M	$21.40M	$16.90M	$13.50M	$5.800M
YoY Change	13.73%	16.53%	5.71%	4.84%	68.44%	17.99%	11.68%	26.63%	25.19%	132.76%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$47.40M	$48.60M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change				-100.0%	-2.47%
Other Long-Term Liabilities	$41.81M	$54.33M	$56.32M	$40.10M	$33.30M	$7.100M	$1.300M	$1.500M	$900.0K	$200.0K	$2.700M
YoY Change	-23.04%	-3.53%	40.44%	20.42%	369.01%	446.15%	-13.33%	66.67%	350.0%	-92.59%
Total Long-Term Liabilities	$41.81M	$54.33M	$56.32M	$40.10M	$80.70M	$55.70M	$1.300M	$1.500M	$900.0K	$200.0K	$2.700M
YoY Change	-23.04%	-3.53%	40.44%	-50.31%	44.88%	4184.62%	-13.33%	66.67%	350.0%	-92.59%
Total Liabilities	$111.6M	$115.7M	$110.6M	$103.6M	$128.2M	$83.90M	$25.20M	$22.90M	$17.80M	$13.70M	$8.500M
YoY Change	-3.54%	4.55%	6.79%	-19.19%	52.8%	232.94%	10.04%	28.65%	29.93%	61.18%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Basic Shares Outstanding	35.63M shares	35.01M shares	34.58M shares	34.26M shares	34.02M shares	34.13M shares	33.85M shares	33.56M shares	21.34M shares
Diluted Shares Outstanding	36.42M shares	35.01M shares	35.70M shares	35.71M shares	35.57M shares	35.56M shares	35.15M shares	33.56M shares	21.34M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.133 Billion

About APPFOLIO INC

AppFolio, Inc., provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate industry. The company is headquartered in Santa Barbara, California and currently employs 1,504 full-time employees. The company went IPO on 2015-06-26. Its solutions are designed to enable its customers to digitally transform their businesses and address critical operations. AppFolio solutions are designed to meet that need in the real estate industry. The company helps its customers navigate an increasingly interconnected and growing network of stakeholders in their business ecosystems, including property owners, real estate investment managers, rental prospects, residents, and vendors, and provides key functionality related to critical transactions across the real estate lifecycle, including screening potential tenants, sending and receiving payments and providing insurance-related risk mitigation services. Its solutions include AppFolio, AppFolio Property Manager Core, AppFolio Property Manager Plus and AppFolio Property Manager Max. The company also offers value-added services: electronic payment services, tenant screening services and risk mitigation.

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