AppFolio, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $41.5M | $42.4M | $39.9M | $33.6M | $36.0M | $31.4M | $102.7M | $33.0M |
| Depreciation & Amortization | $5.0M | $5.0M | $5.1M | $5.4M | $5.9M | $6.3M | $5.3M | $4.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $20.5M | $18.0M | $15.3M | $20.8M | $18.3M | $16.4M | $16.0M | $16.0M |
| Net Cash from Operating Activities | $87.6M | $34.3M | $65.0M | $86.0M | $52.6M | $38.5M | $36.6M | $57.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $-3.0K | $231.0K | $1.3M | $1.3M | $275.0K | $230.0K | $195.0K | $363.0K |
| Business Acquisitions | $0 | $0 | $0 | $0 | $0 | $906.0K | $77.4M | $0 |
| Net Cash from Investing Activities | $-11.3M | $138.3M | $-22.3M | $-72.0M | $23.8M | $80.8M | $-44.3M | $-46.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $125.0M | $0 | $0 | $50.0M | $95.8M | $0 | $0 |
| Net Cash from Financing Activities | $-6.3M | $-132.2M | $-11.8M | $-11.4M | $-59.9M | $-104.8M | $-12.2M | $-8.6M |
| Net Change in Cash | $70.0M | $40.4M | $30.9M | $2.6M | $16.5M | $14.4M | $-19.9M | $2.8M |
| Free Cash Flow | $87.6M | $34.1M | $63.7M | $84.7M | $52.4M | $38.2M | $36.4M | $57.4M |