AppFolio, Inc. (APPF) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2024)
APPF's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
APPF Revenue Analysis (2014–2025)
As of March 1, 2026, AppFolio, Inc. (APPF) generated trailing twelve-month (TTM) revenue of $950.8 million, reflecting exceptional growth of +21.9% year-over-year. The most recent quarter (Q4 2025) recorded $248.2 million in revenue, down 0.5% sequentially.
Looking at the longer-term picture, APPF's 5-year compound annual growth rate (CAGR) stands at +25.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $950.8 million in 2025, representing a new all-time high.
Revenue diversification analysis shows APPF's business is primarily driven by Value Plus Services (76%), Core Solutions (23%), and Other Services (1%). With over half of revenue concentrated in Value Plus Services, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SAP (+7.4% YoY), UBER (+18.3% YoY), and YMM (+25.1% YoY), APPF has underperformed the peer group in terms of revenue growth. Compare APPF vs SAP →
Peer Comparison
Compare APPF's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| APPFCurrent | $951M | +21.9% | +25.1% | 16.1% | |
| SAP | $35.3B | +7.4% | +5.3% | 28.0% | |
| UBER | $52.0B | +18.3% | +36.1% | 10.7% | |
| YMM | $11.2B | +25.1% | +35.4% | 22.0% | |
| QXO | $6.8B | +11938.9% | +178.0% | -3.6% | |
| TYL | $2.1B | +9.1% | +14.5% | 14.0% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $950.8M | +19.7% | $582.8M | 61.3% | $152.9M | 16.1% |
| 2024 | $794.2M | +28.0% | $492.6M | 62.0% | $135.6M | 17.1% |
| 2023 | $620.4M | +31.5% | $382.4M | 61.6% | $963K | 0.2% |
| 2022 | $471.9M | +31.3% | $280.1M | 59.3% | $-72,370,000 | -15.3% |
| 2021 | $359.4M | +15.9% | $215.4M | 59.9% | $-11,878,000 | -3.3% |
| 2020 | $310.1M | +21.1% | $191.0M | 61.6% | $9.8M | 3.2% |
| 2019 | $256.0M | +34.7% | $154.4M | 60.3% | $6.5M | 2.5% |
| 2018 | $190.1M | +32.2% | $116.5M | 61.3% | $19.7M | 10.3% |
| 2017 | $143.8M | +36.2% | $88.5M | 61.6% | $9.3M | 6.5% |
| 2016 | $105.6M | +40.8% | $61.0M | 57.7% | $-8,423,000 | -8.0% |
See APPF's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs APPF Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare APPF vs NVDA
See how APPF stacks up against sector leader NVIDIA Corporation.
Start ComparisonFrequently Asked Questions
Is APPF's revenue growth accelerating or slowing?
APPF revenue is accelerating at +21.9% year-over-year, exceeding the 5-year CAGR of +25.1%. TTM revenue reached $951M. Growth momentum has increased versus prior periods.
What is APPF's long-term revenue growth rate?
AppFolio, Inc.'s 5-year revenue CAGR of +25.1% reflects the sustained expansion pattern. Current YoY growth of +21.9% is above this long-term average.
How is APPF's revenue distributed by segment?
APPF reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.