Appfolio was founded in 2005 and is headquartered in Goleta, US

President and CEO

Vice President of Value Added Services

Appfolio has offices in Goleta, Dallas, San Diego, Santa Barbara and in 1 other location

Goleta, US (HQ)

50 Castilian Dr

Appfolio's revenue was reported to be $32.1 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 32.1 m |

## Gross profit (Q1, 2017) | 19.1 m |

## Gross profit margin (Q1, 2017), % | 60% |

## Net income (Q1, 2017) | 660 k |

## EBIT (Q1, 2017) | 597 k |

## Market capitalization (17-Aug-2017) | 1.4 b |

## Cash (31-Mar-2017) | 8 m |

Appfolio's current market capitalization is $1.4 b.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 47.7 m | 75 m | 105.6 m |

## Revenue growth, % | 57% | 41% | |

## Cost of goods sold | 33.9 m | 44.6 m | |

## Gross profit | 41.1 m | 61 m | |

## Gross profit Margin, % | 55% | 58% | |

## Sales and marketing expense | 26.1 m | 28.8 m | |

## General and administrative expense | 14.3 m | 18 m | |

## Operating expense total | 83.9 m | 104.1 m | |

## Depreciation and amortization | 3.8 m | 6.1 m | 9.9 m |

## EBIT | (15 m) | (8.4 m) | |

## EBIT margin, % | (20%) | (8%) | |

## Pre tax profit | (15.6 m) | (8.2 b) | |

## Income tax expense | 75 k | 67 m | |

## Net Income | (15.7 m) | (8.3 b) |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Revenue | 18.4 m | 20.3 m | 23.2 m | 26.2 m | 28.2 m | 32.1 m |

## Cost of goods sold | 8.1 m | 9.3 m | 10.5 m | 11.2 m | 11.6 m | 13 m |

## Gross profit | 10.3 m | 11 m | 12.7 m | 15 m | 16.5 m | 19.1 m |

## Gross profit Margin, % | 56% | 54% | 55% | 57% | 59% | 60% |

## Sales and marketing expense | 6.2 m | 7 m | 7.6 m | 7.6 m | 7 m | 7.1 m |

## General and administrative expense | 3.7 m | 3.9 m | 3.5 m | 4.4 m | 4.6 m | 4.8 m |

## Operating expense total | 9.9 m | 10.9 m | 11.1 m | 12 m | 11.6 m | 11.9 m |

## EBIT | (3.2 m) | (4.3 m) | (3.6 m) | (2.3 m) | (1.2 m) | 597 k |

## EBIT margin, % | (17%) | (21%) | (15%) | (9%) | (4%) | 2% |

## Interest expense | (243 k) | 24 k | 95 k | 102 k | ||

## Interest income | (243 k) | 24 k | 95 k | 102 k | ||

## Pre tax profit | (3.5 m) | (4.7 m) | (3.6 m) | (2.3 m) | (1.1 m) | |

## Income tax expense | (63 k) | 23 k | 24 k | 13 k | 11 k | 11 k |

## Net Income | (3.4 m) | (4.8 m) | (3.6 m) | (2.3 m) | (1.1 m) | 660 k |

USD | Y, 2012^{} | Y, 2013^{} | Y, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|

## Cash | 3.9 m | 11.3 m | 5.4 m | 12.1 m | 10.7 m |

## Accounts Receivable | 2 m | 2.5 m | |||

## Inventories | 3.2 m | 3.5 m | |||

## Current Assets | 27.5 m | 32.2 m | |||

## PP&E | 6.1 m | 7.1 m | |||

## Goodwill | 6.7 m | 6.7 m | |||

## Total Assets | 90.5 m | 92.6 m | |||

## Accounts Payable | 2.4 m | 937 k | |||

## Current Liabilities | 16.9 m | 21.4 m | |||

## Total Liabilities | 22.9 m | ||||

## Common Stock | 1 k | 1 k | |||

## Additional Paid-in Capital | 141.5 m | 146.7 m | |||

## Retained Earnings | (68.7 m) | (77 m) | |||

## Total Equity | 72.7 m | 69.7 m | |||

## Financial Leverage | 1.2 x | 1.3 x |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Cash | 69.9 m | 11.8 m | 11.3 m | 11 m | 7.6 m | 8 m |

## Accounts Receivable | 2.5 m | 2.2 m | 2.6 m | 3 m | 2.7 m | 3.8 m |

## Current Assets | 74.3 m | 44.7 m | 28.3 m | 29 m | 24.3 m | 34.3 m |

## PP&E | 3.6 m | 4.1 m | 7 m | 7.1 m | 6.9 m | 6.6 m |

## Goodwill | 6.7 m | 6.7 m | 6.7 m | 6.7 m | 6.7 m | 6.7 m |

## Total Assets | 98.3 m | 94.2 m | 89.6 m | 89.8 m | 89 m | 92.9 m |

## Accounts Payable | 3.1 m | 2.4 m | 1.5 m | 1.1 m | 574 k | 700 k |

## Current Liabilities | 18.1 m | 17.2 m | 17.8 m | 18.8 m | 17.8 m | 20.9 m |

## Common Stock | 1 k | 1 k | 1 k | 1 k | 1 k | 1 k |

## Additional Paid-in Capital | 130.5 m | 141.1 m | 142.1 m | 143.4 m | 145 m | 146.8 m |

## Retained Earnings | (60 m) | (64.8 m) | (72.3 m) | (74.5 m) | (75.7 m) | (76.3 m) |

## Total Equity | 70.5 m | 76.3 m | 70 m | 69.1 m | 69.5 m | 70.5 m |

## Financial Leverage | 1.4 x | 1.2 x | 1.3 x | 1.3 x | 1.3 x | 1.3 x |

USD | FY, 2015^{} | FY, 2016^{} |
---|---|---|

## Net Income | (15.7 m) | (8.3 b) |

## Depreciation and Amortization | 6.1 m | 9.9 m |

## Accounts Receivable | (746 k) | (463 k) |

## Inventories | (1.9 m) | (377 k) |

## Accounts Payable | (439 k) | (904 k) |

## Cash From Operating Activities | 6.7 m | 11.5 m |

## Purchases of PP&E | (3.7 m) | (4.2 m) |

## Cash From Investing Activities | (59.4 m) | (13.1 m) |

## Cash From Financing Activities | 72.9 m | 201 k |

## Interest Paid | 797 k | 191 k |

## Income Taxes Paid | 91 k | 27 k |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Net Income | (3.4 m) | (4.8 m) | (3.6 m) | (2.3 m) | (1.1 m) | 660 k |

## Depreciation and Amortization | 1.4 m | 1.6 m | 2.1 m | 2.4 m | 2.6 m | 3 m |

## Accounts Receivable | 2.5 m | 2.2 m | 2.6 m | 3 m | 2.7 m | 3.8 m |

## Accounts Payable | 3.1 m | 2.4 m | 1.5 m | 1.1 m | 574 k | 700 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 53.6 k |

## Financial Leverage | 1.3 x |

Source: 48 public H-1B filings from Appfolio