APPF

The market was pleased with the recent earnings report from AppFolio, Inc. (NASDAQ:APPF), despite the profit numbers being soft. However, we think the company is showing some signs that things are more promising than they seem. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". AppFolio has an accrual ratio of -0.28 for the year to March 2026. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. Indeed, in the last twelve months it reported free cash flow of US$231m, well over the US$152.0m it reported in profit. AppFolio shareholders are no doubt pleased that free cash flow improved over the last twelve months. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, AppFolio's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that AppFolio's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Case in point: We've spotted 2 warn...

This article first appeared on GuruFocus. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. AppFolio Inc (NASDAQ:APPF) reported a 20% year-over-year increase in first-quarter revenue, reaching $262 million. Non-GAAP operating income grew by 36%, accounting for 27.3% of revenue, while GAAP operating income increased by 50%, representing 19.4% of revenue. The company achieved the best first quarter in its history for residential new business unit acquisition, with units on the platform growing to 9.5 million. AppFolio Inc (NASDAQ:APPF) is leveraging AI across its operations, enhancing customer performance and operational efficiency. The company has been recognized with the 2026 Artificial Intelligence Excellence Award in the Agentic AI category, reflecting its leadership in AI innovation. Despite revenue growth, the cost of revenue remained flat year over year at 36% of revenue, indicating potential challenges in cost management. Sales and marketing expenses remained consistent with the previous year at 13% of revenue, suggesting ongoing high costs in customer acquisition. R&D spending, although reduced as a percentage of revenue, still represents a significant portion at 16%, which could impact profitability. The company continues to face risks and uncertainties related to forward-looking statements, as highlighted in their SEC filings. AppFolio Inc (NASDAQ:APPF) anticipates relatively flat cost of revenue as a percentage of revenue for 2026, which may limit margin expansion opportunities. Warning! GuruFocus has detected 9 Warning Signs with JSAIY. Is APPF fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the growth drivers behind the 20% year-over-year revenue increase in Q1 2026? A: Shane Trigg, President and CEO, explained that the growth was driven by new customer acquisitions, an increase in units under management, and a higher number of customers upgrading to premium tiers. The adoption of AI-powered Realm-X Flows and the expansion of the Stack partner ecosystem also contributed significantly. Q: What role did AI play in AppFolio's performance this quarter? A: Shane Trigg highlighted that AI is integral to AppFolio's operations, with over 99% of customers using AI-powered Realm suite. AI actions increased sevenfold year-over-year, and Perf...

AppFolio (APPF) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +11.81%. A quarter ago, it was expected that this property management software maker would post earnings of $1.22 per share when it actually produced earnings of $1.39, delivering a surprise of +13.93%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. AppFolio, which belongs to the Zacks Internet - Software industry, posted revenues of $262.21 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.62%. This compares to year-ago revenues of $217.7 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. AppFolio shares have lost about 31.9% since the beginning of the year versus the S&P 500's gain of 4.3%. While AppFolio has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for AppFolio was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank...

Strong Revenue Growth and Margin Expansion Underscore an Impressive Start to 2026 SANTA BARBARA, Calif., April 23, 2026 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a technology leader powering the future of the real estate industry, today announced its financial results for the first quarter ended March 31, 2026. "We are proud of our start to 2026 - our strategy is translating into strong financial outcomes and our momentum continues," said Shane Trigg, President and CEO. "We are putting AI to work across every dimension of our business, accelerating performance for our customers while driving greater efficiency across our own operations. Our ability to expand both customer value and financial performance continues to grow." Financial Highlights for First Quarter of 2026 Revenue grew 20% year-over-year to $262 million. Total units under management grew 8% year-over-year to 9.5 million. GAAP operating income grew 50% to $51 million, or 19.4% of revenue, compared to $34 million, or 15.5% of revenue in Q1 2025. Non-GAAP operating income grew 35% to $72 million, or 27.3% of revenue, compared to $53 million, or 24.3% of revenue in Q1 2025. Net cash provided by operating activities was $34 million, or 13.1% of revenue, compared to $38 million, or 17.7% of revenue in Q1 2025. Repurchased 703 thousand shares of the Company's Class A common stock for $125 million. Financial Outlook Based on information available as of April 23, 2026, AppFolio's outlook for fiscal year 2026 follows: Full year revenue range is increasing to $1.110 - $1.125 billion. Full year non-GAAP operating margin range as a percentage of revenue is increasing to 26.0% - 28.0%. Diluted weighted average shares outstanding are now expected to be approximately 36 million for the full year. Conference Call Information As previously announced, the Company will host a conference call today, April 23, 2026, at 2:00 p.m. Pacific Time (PT), 5:00 p.m. Eastern Time (ET), to discuss the Company’s first quarter financial results. A live webcast of the call will be available at: https://edge.media-server.com/mmc/p/hja3su4g. To access the call by phone, please go to the following link: https://register-conf.media-server.com/register/BI3901a9bd63cb48c1a2cf4d7d4e1b8821, and you will be provided with dial-in details. A replay of the webcast will also be available for a limited tim...

Achieved the best first quarter in company history for residential new business unit acquisition, driven by the market's shift toward Real Estate Performance Management (RPM). Transitioned from a task-oriented system of record to an AI-native 'system of action' where agentic AI performers take ownership of entire maintenance and leasing workflows. Differentiated the platform by embedding compliance and domain knowledge directly into the architecture, reducing the need for third-party integrations and manual data handoffs. Enhanced the resident experience to drive property NOI, citing research that satisfied residents are 72% more likely to renew and 34% less likely to move. Leveraged a unified data model to provide AI agents with governed, real-time access, which improves automation accuracy and reduces the latency common in fragmented tech stacks. Improved internal engineering velocity by utilizing AI-native tools, allowing for faster concept-to-deployment cycles and reduced R&D as a percentage of revenue. Raised full-year revenue guidance to $1.110 billion - $1.125 billion, assuming continued momentum in premium tier upgrades and adoption of agentic AI performers. Anticipate non-GAAP operating margin expansion to 26% - 28%, driven by operational scaling and AI-enabled internal efficiencies. Expect revenue seasonality to remain mostly consistent with 2025 patterns, despite the introduction of new resident services and AI products. Projected modest declines in operating expenses as a percentage of revenue as the company leverages AI to scale internal operations while continuing to hire in sales. Maintained a disciplined capital allocation strategy with $125 million remaining in the share repurchase program to drive long-term shareholder value. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Promoted Kyle Triplett to Chief Product Officer to lead the continued expansion of the AppFolio performance platform and Realm-X AI capabilities. Reported that AI actions increased 7x year-over-year, with performer adoption growing nearly 500% quarter-over-quarter, signaling rapid customer validation of agentic AI. Noted that additional data center spend to support AI usage is currently offsetting operational efficiencies within the cost of revenue. Achieved a 95% atta...

(Bloomberg) -- Intel Corp. has been one of the hottest stocks in the market over the past 12 months, soaring 230% to the highest price since the dot-com bubble. But the rally is facing a potential roadblock in the company’s first-quarter earnings report due after the close Thursday. Most Read from Bloomberg Anthropic’s Mythos Model Is Being Accessed by Unauthorized Users Inside Alex Cooper’s Unwell: Tears, Screaming and Employees Looking for the Exit Meta Tells Staff It Will Cut 10% of Jobs in Push for Efficiency Microsoft Offers Buyouts to About 7% of US Workers Trump Encourages Companies Not to Seek Tariff Refunds The shares have been on a roll since last year, spurred by the US government’s $8.9 billion investment in return for a stake in the once-struggling chipmaker. Since then, it has also paid $14 billion to buy back half of a plant in Ireland that it had previously sold to Apollo Global Management, joined Elon Musk’s semiconductor manufacturing project Terafab and received a commitment from Alphabet Inc.’s Google to use its processors. These developments have offered investors encouraging signs about Intel’s turnaround under Chief Executive Officer Lip-Bu Tan. As a result, the stock is among the 20 best performers in the S&P 500 Index in the last year, soaring 63% since March 30 alone. Last week, it closed at $68.50, its highest level since September 2000. With the rally continuing Thursday, sending the stock up as much as 4.6%, the company’s market capitalization stands at around $340 billion — a year ago it was just $90 billion. But the first-quarter earnings report could halt that momentum. Wall Street analysts expect Intel to post adjusted earnings per share of 1 cent, a 92% drop from a year ago, and a slight decline in revenue to $12.4 billion. Gross margins are projected to fall to less than 35% from 39% in the first quarter of 2025. “I think financial strength may still take time,” said Hendi Susanto, a portfolio manager at Gabelli Funds, which holds Intel stock. “I still expect some volatility, including some potential pullback” in the shares. One challenge for the investors seeking more gains from here is the rally has made Intel the most expensive chip stock in the market. It’s trading at about 94 times earnings expected over the next 12 months, the highest multiple in the Philadelphia semiconductor index. The next closest is Arm Holdings P...

SANTA BARBARA, Calif. (AP) — SANTA BARBARA, Calif. (AP) — AppFolio Inc. (APPF) on Thursday reported first-quarter net income of $42.4 million. The Santa Barbara, California-based company said it had net income of $1.18 per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.61 per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. The property management software maker posted revenue of $262.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $258 million. AppFolio expects full-year revenue in the range of $1.11 billion to $1.13 billion. AppFolio shares have decreased 35% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $152.30, a drop of 33% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APPF at https://www.zacks.com/ap/APPF

SANTA BARBARA, Calif., April 09, 2026 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) today announced that it will report its first quarter 2026 financial results after the close of the U.S. financial markets on Thursday, April 23, 2026. In conjunction with this announcement, AppFolio will host a conference call on Thursday, April 23, 2026, at 5:00 p.m. (Eastern Time), to discuss the company’s financial results and business outlook. A live webcast of the call will be available at https://edge.media-server.com/mmc/p/hja3su4g. To access the call by phone, please go to the following link: https://register-conf.media-server.com/register/BI3901a9bd63cb48c1a2cf4d7d4e1b8821, and you will be provided with dial in details. A replay of the webcast will also be available for a limited time on AppFolio’s Investor Relations website at https://ir.appfolioinc.com/news-events/events, and you will be provided with dial in details. Disclosure Information AppFolio uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor AppFolio’s Investor Relations website in addition to following AppFolio’s SEC filings, public conference calls, press releases, and webcasts. About AppFolio AppFolio is a technology leader powering the future of the real estate industry. Our innovative platform and trusted partnership enable our customers to connect communities, increase operational efficiency, and grow their business. For more information about AppFolio, visit ir.appfolioinc.com. Investor Contact: Lori Barker [email protected]

AppFolio, Inc.'s (NASDAQ:APPF) earnings announcement last week didn't impress shareholders. Despite the soft profit numbers, our analysis has optimistic about the overall quality of the income statement. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. This ratio tells us how much of a company's profit is not backed by free cashflow. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to December 2025, AppFolio had an accrual ratio of -0.36. Therefore, its statutory earnings were very significantly less than its free cashflow. In fact, it had free cash flow of US$236m in the last year, which was a lot more than its statutory profit of US$140.9m. AppFolio's free cash flow improved over the last year, which is generally good to see. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. As we discussed above, AppFolio's accrual ratio indicates strong conversion of profit to free cash flow, which is a positive for the company. Based on this observation, we consider it possible that AppFolio's statutory profit actually understates its earnings potential! On the other hand, its EPS actually shrunk in the last twelve months. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. In light of this, if you'd like to do more analysis on the company, it's vital to be informed of the risks...

AppFolio reported Q4 revenue of $248 million and full‑year 2025 revenue of $951 million (up 22% and 20% YoY), with non‑GAAP operating margins of about 24.9% (Q4) and 24.7% (FY), and provided 2026 guidance of $1.10–$1.12 billion in revenue and a 25.5%–27.5% non‑GAAP operating margin. The platform ended 2025 managing roughly 9.4 million units across 22,096 customers (up 8% and 6% YoY), added over 500,000 units in H2, and premium tier adoption (Plus/Max) has exceeded 25%, supporting higher subscription revenue. Management emphasized an "AI‑native performance platform", rolling out Realm‑X "Performers" and Flows to embed agentic AI in workflows; they say 98% of customers use at least one AI capability and AI features plus new resident services are beginning to drive value‑added revenue. Interested in AppFolio, Inc.? Here are five stocks we like better. AppFolio (NASDAQ:APPF) reported fourth-quarter and full-year 2025 results that management said capped off a year of “AI-powered innovation and accelerating unit growth,” with revenue of $248 million for the quarter and $951 million for the year. President and CEO Shane Trigg said the company ended 2025 with 9.4 million units on its platform and positioned 2026 as a milestone year, with the company “poised to hit” a long-stated goal of reaching $1 billion in annual revenue. Trigg said fourth-quarter revenue increased 22% year over year to $248 million, while non-GAAP operating margin was 24.9%. For the full year, he said revenue rose 20% year over year to $951 million, with a non-GAAP operating margin of 24.7%. → Trump Triggers Buying Opportunity in UnitedHealth Group Chief Financial Officer Tim Eaton added detail on revenue composition and customer metrics. Subscription services revenue (previously referred to as core revenue) was $56 million in the fourth quarter, up 17% year over year, which Eaton attributed to “winning new customers, growth in total units under management, and more customers choosing our Plus and Max premium tiers.” For the full year, subscription services revenue was $211 million, also up 17% year over year. Value-added services revenue totaled $185 million in the fourth quarter, an increase of 20% year over year. Eaton said the increase reflected greater use of FolioGuard risk mitigation services, FolioScreen offerings, and online payments, along with growth in units under management. He also...

Fourth quarter caps off a year of industry leading innovation and accelerated unit growth SANTA BARBARA, Calif., Jan. 29, 2026 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a technology leader powering the future of the real estate industry, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2025. "I am proud of our strong unit acquisition and financial performance in 2025, which validates our strategy and the momentum we have as a business," said Shane Trigg, President and CEO. "Our AI-native Performance Platform, with continued investments in agentic AI and the resident experience, is powering the future of real estate. As we enter 2026, we are driving real, measurable performance outcomes for our customers." Financial Highlights for Fourth Quarter of 2025 Revenue grew 22% year-over-year to $248 million. Total units under management grew 8% year-over-year to 9.4 million. GAAP operating income was $44 million, or 17.6% of revenue, compared to GAAP operating income of $23 million, or 11.3% of revenue in Q4 2024. Non-GAAP operating income was $62 million, or 24.9% of revenue, compared to non-GAAP operating income of $41 million, or 20.2% of revenue in Q4 2024. Net cash provided by operating activities was $65 million, or 26.2% of revenue, compared to $37 million, or 18.0% of revenue in Q4 2024. Financial Highlights for Fiscal Year 2025 Revenue grew 20% year-over-year to $951 million. GAAP operating income was $153 million, or 16.1% of revenue, compared to GAAP operating income of $136 million, or 17.1% of revenue in 2024. Non-GAAP operating income was $235 million, or 24.7% of revenue, compared to non-GAAP operating income of $200 million, or 25.2% of revenue in 2024. Net cash provided by operating activities was $242 million, or 25.5% of revenue, compared to $188 million, or 23.7% of revenue in 2024. Financial Outlook Based on information available as of January 29, 2026, AppFolio's outlook for fiscal year 2026 follows: Full year revenue is expected to be in the range of $1,100 million to $1,120 million. Full year non-GAAP operating margin as a percentage of revenue is expected to be in the range of 25.5% to 27.5%. Diluted weighted average shares outstanding are expected to be approximately 36 million to 37 million for the full year. Conference Call Information As previously anno...