Appfolio

OverviewSuggest Edit

AppFolio is a software company providing web-based property management software for residential property managers to market, manage and grow their businesses. The Company creates easy-to-use, cloud-based software that helps small and mid-sized businesses improve their workflow so they save time and make more money. AppFolio's online property management software includes complete accounting and property management functionality. AppFolio Property Manager is targeted at the apartment, residential, commercial, student housing, and community association property managers.
TypePublic
Founded2006
HQGoleta, CA, US
Websiteappfolio.com
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)1,600(+20%)
Job Openings370
Revenue (FY, 2021)$359.4 M(+16%)
Share Price (Aug 2022)$102.5
Cybersecurity ratingCMore
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Key People/Management at Appfolio

Jason Randall

Jason Randall

President and CEO
Klaus Schauser

Klaus Schauser

Chief Strategist and Founder
Jon Walker

Jon Walker

Chief Technology Officer and Founder
Aimee Miller

Aimee Miller

Chief Marketing Officer
Amy Meyer

Amy Meyer

Chief People Officer
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Appfolio Office Locations

Appfolio has offices in Goleta, Richardson and San Diego
Goleta, CA, US (HQ)
50 Castilian Dr
Richardson, TX, US
1701 N Plano Rd
San Diego, CA, US
9201 Spectrum Center Blvd STE 100
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Appfolio Financials and Metrics

Appfolio Revenue

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View revenue for all periods
Appfolio's revenue was reported to be $359.37 m in FY, 2021
USD

Revenue (Q1, 2022)

105.3m

Net income (Q1, 2022)

(14.3m)

EBIT (Q1, 2022)

(14.7m)

Market capitalization (1-Aug-2022)

2.0b

Closing stock price (1-Aug-2022)

102.5

Cash (31-Mar-2022)

49.5m
Appfolio's current market capitalization is $2 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

256.0m310.1m359.4m

Cost of goods sold

101.6m119.0m143.9m

Gross profit

154.4m191.0m215.4m

Gross profit Margin, %

60%62%60%
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

57.1m63.6m67.9m72.5m81.0m84.1m78.9m89.0m95.8m105.3m

Cost of goods sold

24.2m25.1m25.9m29.0m27.4m32.8m33.3m32.8m38.7m

Gross profit

32.9m38.5m42.0m43.5m53.6m51.3m45.6m56.2m57.1m

Gross profit Margin, %

58%61%62%60%66%61%58%63%60%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

15.8m140.3m57.8m

Accounts Receivable

7.6m10.1m12.6m

Prepaid Expenses

15.5m20.8m23.6m

Current Assets

61.8m199.4m158.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

16.8m19.5m20.1m56.8m53.3m144.0m44.7m48.6m84.4m49.5m

Accounts Receivable

8.0m8.2m8.0m9.6m12.7m9.4m12.5m15.0m12.2m16.2m

Prepaid Expenses

15.1m16.9m16.2m18.4m15.8m15.7m20.8m23.3m24.7m25.5m

Current Assets

57.5m64.1m64.7m92.7m102.7m201.9m181.5m189.9m197.4m169.6m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

36.3m158.4m1.0m

Depreciation and Amortization

22.4m26.8m29.0m

Accounts Payable

511.0k(903.0k)497.0k

Cash From Operating Activities

38.9m48.3m35.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

3.7m26.9m31.9m2.0m21.2m158.9m479.0k2.5m2.4m(14.3m)

Depreciation and Amortization

5.1m10.5m16.2m6.4m13.1m19.8m7.4m15.0m22.8m

Accounts Payable

100.0k188.0k270.0k(362.0k)193.0k695.0k870.0k1.3m1.4m3.0m

Cash From Operating Activities

295.0k11.8m23.4m3.1m27.4m45.2m(4.4m)10.7m26.5m(2.2m)
USDQ1, 2019

Revenue/Employee

54.9k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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Appfolio Operating Metrics

Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Patents (US)

10111212

Patents Pending (US)

2

Property Manager Customers

4.91 k5.33 k5.89 k6.49 k7.02 k7.56 k8.22 k8.82 k9.28 k9.61 k10.04 k10.47 k13.41 k13.74 k14.03 k14.39 k14.73 k15.01 k15.35 k15.72 k16.18 k16.53 k16.84 k17.22 k

Property Manager Units Under Management

1.68 m2.15 m2.3 m2.41 m2.53 m2.68 m2.83 m4.08 m4.23 m4.41 m4.64 m4.8 m4.94 m5.12 m5.36 m5.62 m5.82 m6.04 m6.35 m

Appfolio Acquisitions / Subsidiaries

Company NameDateDeal Size
Dynasty MarketplaceJanuary 08, 2019
AppFolio Insurance Services, Inc.
AppFolio Investment Management, Inc.
AppFolio Utility Management, Inc.
Dynasty Marketplace, Inc.
RentLinx LLC
Terra Mar Insurance Company, Inc.

Appfolio Revenue Breakdown

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Appfolio revenue breakdown by business segment: 67.1% from Value+ Services, 29.3% from Core Solutions and 3.6% from Other

Appfolio Cybersecurity Score

Cybersecurity ratingPremium dataset

C

74/100

SecurityScorecard logo

Appfolio Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Appfolio Online and Social Media Presence

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Appfolio Company Culture

  • Overall Culture

    A+

    86/100

  • CEO Rating

    A+

    94/100

  • Compensation

    A-

    81/100

  • Diversity

    B

    75/100

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Appfolio News and Updates

AppFolio, Inc. Announces Date of Second Quarter 2022 Financial Results Conference Call

SANTA BARBARA, Calif., July 14, 2022 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) today announced that it will report its second quarter 2022 financial results after the close of the U.S. financial markets on Thursday, July 28, 2022.

AppFolio Launches AppFolio Stack™ Marketplace to Modernize Property Management Software Integrations

Initial partners include ButterflyMX, Conservice, HappyCo, Knock, Lowe’s and Property Meld Initial partners include ButterflyMX, Conservice, HappyCo, Knock, Lowe’s and Property Meld

AppFolio, Inc. Announces First Quarter 2022 Financial Results

Surpasses $100 million in quarterly revenue Key milestone reflects continued customer adoption of Appfolio products and services across a growing unit base

AppFolio, Inc. Announces Date of First Quarter 2022 Financial Results Conference Call

SANTA BARBARA, Calif., April 11, 2022 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) today announced that it will report its first quarter 2022 financial results after the close of the U.S. financial markets on Monday, May 9, 2022.

AppFolio, Inc. Announces Fourth Quarter and Fiscal Year 2021 Financial Results

Revenue grows 32 percent year-over-year in the fourth quarter Revenue grows 32 percent year-over-year in the fourth quarter

AppFolio, Inc. Announces Date of Fourth Quarter and Year Ended 2021 Financial Results Conference Call

SANTA BARBARA, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) today announced that it will report its fourth quarter and year ended 2021 financial results after the close of the U.S. financial markets on Monday, February 28, 2022.
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Appfolio Blogs

4 Ways to Strengthen Vendor Relationships

Having solid relationships with your residents and owners is key to your success as a property manager, but did you...

How Multifamily Operators Can Leverage the Single-Family Rental (SFR) Boom

Single-family rentals (SFRs) aren’t a new asset type, but the market has exploded in popularity with both residents and investors...

Impacting Communities: How Technology Makes it Easier to Accept Housing Choice Vouchers

While affordable housing (or the lack thereof) has always been an important topic, in the last few years, the conversation...

Whether the Housing Market is Running Hot or Cooling Down, Resident Retention Should be a Priority. Here’s What You Can Do.

In part one of this series, we discussed the macroeconomic conditions of today and the potential implications for your property...

Your Ultimate Guide to Property Maintenance Services

From collecting rent to facilitating repairs, as a property manager, you juggle a lot when it comes to managing your...

Supply, Interest Rates, and Inflation: What the Current Housing Market Means for Property Management

Housing is as hot a topic as ever.  The airwaves are filled with stories of bidding wars for single-family homes,...
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Appfolio Frequently Asked Questions

  • When was Appfolio founded?

    Appfolio was founded in 2006.

  • Who are Appfolio key executives?

    Appfolio's key executives are Jason Randall, Klaus Schauser and Jon Walker.

  • How many employees does Appfolio have?

    Appfolio has 1,600 employees.

  • What is Appfolio revenue?

    Latest Appfolio annual revenue is $359.4 m.

  • What is Appfolio revenue per employee?

    Latest Appfolio revenue per employee is $224.6 k.

  • Who are Appfolio competitors?

    Competitors of Appfolio include Entrata, SMS Assist and Boomtown.

  • Where is Appfolio headquarters?

    Appfolio headquarters is located at 50 Castilian Dr, Goleta.

  • Where are Appfolio offices?

    Appfolio has offices in Goleta, Richardson and San Diego.

  • How many offices does Appfolio have?

    Appfolio has 3 offices.