AppFolio, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $281.1M | $262.2M | $248.2M | $249.4M | $235.6M | $217.7M | $203.7M | $205.7M |
| Cost of Revenue | $102.6M | $95.0M | $90.5M | $91.5M | $83.8M | $79.5M | $76.2M | $71.6M |
| Gross Profit | $178.5M | $167.2M | $157.7M | $157.9M | $151.7M | $138.2M | $127.5M | $134.1M |
| Gross Margin | 63.5% | 63.8% | 63.5% | 63.3% | 64.4% | 63.5% | 62.6% | 65.2% |
| Operating Expenses | ||||||||
| Research & Development | $51.0M | $49.6M | $46.0M | $54.0M | $46.7M | $43.8M | $42.3M | $40.7M |
| SG&A Expense | $25.6M | $24.3M | $22.9M | $27.4M | $21.9M | $23.4M | $23.4M | $21.1M |
| Operating Income | $53.0M | $50.7M | $43.6M | $35.0M | $40.5M | $33.8M | $23.0M | $42.6M |
| Operating Margin | 18.8% | 19.4% | 17.6% | 14.1% | 17.2% | 15.5% | 11.3% | 20.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $54.4M | $53.1M | $45.6M | $36.7M | $42.0M | $36.8M | $27.2M | $46.6M |
| Income Tax Expense | $12.9M | $10.7M | $5.7M | $3.1M | $6.0M | $5.4M | $-75.6M | $13.6M |
| Net Income | $41.5M | $42.4M | $39.9M | $33.6M | $36.0M | $31.4M | $102.7M | $33.0M |
| Net Margin | 14.8% | 16.2% | 16.1% | 13.5% | 15.3% | 14.4% | 50.4% | 16.0% |
| EPS (Basic) | $1.17 | $1.19 | $1.11 | $0.94 | $1.00 | $0.86 | $2.83 | $0.91 |
| EPS (Diluted) | $1.17 | $1.18 | $1.10 | $0.93 | $0.99 | $0.86 | $2.79 | $0.90 |
| Shares Outstanding (Basic) | 35.4M | 35.7M | 36.0M | 35.9M | 35.9M | 36.3M | 36.3M | 36.3M |
| Shares Outstanding (Diluted) | 35.5M | 35.8M | 36.3M | 36.3M | 36.2M | 36.6M | 36.8M | 36.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |