Appfolio

Technology application software consumer software property management web hosting

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 apartment, residential, commercial, student housing, and community association property managers.

Revenue(FY, 2017)

$143.8 M

Market capitalization(2018-06-22)

$2.2 B

Type

Public

Goleta, US

Founded

2006

Size (employees)

626 (est)

Website

appfolio.com

Appfolio was founded in 2006 and is headquartered in Goleta, US

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Key People/Management at Appfolio

Jason Randall

President and CEO

Kim Coalson

Senior Vice President

Klaus Schauser

Chief Strategist and Founder

Jon Walker

Chief Technologist and Founder

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Appfolio Office Locations

Appfolio has an office in Goleta

Goleta, US (HQ)

50 Castilian Dr

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Appfolio Financials and Metrics

Appfolio Financials

Appfolio's revenue was reported to be $143.80 m in FY, 2017

Summary

USD
Revenue (Q1, 2018)	42.3 m
Gross profit (Q1, 2018)	25.7 m
Gross profit margin (Q1, 2018), %	60.8%
Net income (Q1, 2018)	4.3 m
EBIT (Q1, 2018)	4.2 m
Market capitalization (22-Jun-2018)	2.2 b
Closing share price (22-Jun-2018)	63.2
Cash (31-Mar-2018)	8.5 m

Appfolio's current market capitalization is $2.2 b.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	47.7 m	75 m	105.6 m	143.8 m
Revenue growth, %		57%	41%
Cost of goods sold		33.9 m	44.6 m	55.3 m
Gross profit		41.1 m	61 m	88.5 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	18.4 m	20.3 m	23.2 m	26.2 m	28.2 m	32.1 m	35.9 m	42.3 m
Cost of goods sold	8.1 m	9.3 m	10.5 m	11.2 m	11.6 m	13 m	13.7 m	16.6 m
Gross profit	10.3 m	11 m	12.7 m	15 m	16.5 m	19.1 m	22.2 m	25.7 m
Gross profit Margin, %	56%	54%	55%	57%	59%	60%	62%	61%

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Balance Sheet

Annual

usd	Y, 2012	Y, 2013	Y, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	3.9 m	11.3 m	5.4 m	12.1 m	10.7 m	16.1 m
Accounts Receivable				2 m	2.5 m	3.4 m
Inventories				3.2 m	3.5 m
Current Assets				27.5 m	32.2 m	53.8 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	69.9 m	11.8 m	11.3 m	11 m	7.6 m	8 m	7.4 m	8.5 m
Accounts Receivable	2.5 m	2.2 m	2.6 m	3 m	2.7 m	3.8 m	4.2 m	4.5 m
Current Assets	74.3 m	44.7 m	28.3 m	29 m	24.3 m	34.3 m	40.1 m	55.6 m
PP&E	3.6 m	4.1 m	7 m	7.1 m	6.9 m	6.6 m	6.7 m	6.5 m

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Cash Flow

Annual

usd	FY, 2015	FY, 2016	FY, 2017
Net Income	(15.7 m)	(8.3 b)	9.7 m
Depreciation and Amortization	6.1 m	9.9 m	12.7 m
Inventories	(1.9 m)	(377 k)
Accounts Payable	(439 k)	(904 k)	(100 k)

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Net Income	(3.4 m)	(11.8 m)	(3.6 m)	(5.9 m)	(7 m)	660 k	3.5 m	4.3 m
Depreciation and Amortization	1.4 m	4.3 m	2.1 m	4.5 m	7.1 m	3 m	6.1 m	3.5 m
Accounts Payable	3.1 m	167 k	(653 k)	(571 k)	(1.1 m)	(19 k)	(319 k)	415 k
Cash From Operating Activities		(3.8 m)	(736 k)	2.4 m	4.7 m	3.8 m	11.9 m	3.3 m

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Ratios

USD	Y, 2018
Financial Leverage	1.2 x

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Appfolio Operating Metrics

	Q2, 2014	Q3, 2014	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017
Law Firm Customers	2.70 k	3.20 k	3.66 k	4.25 k	4.89 k	5.57 k	6.15 k	6.83 k	7.35 k	7.80 k	8.14 k	8.68 k
Patents Pending (US)							2
Property Manager Customers	4.91 k	5.33 k	5.89 k	6.49 k	7.02 k	7.56 k	8.22 k	8.82 k	9.28 k	9.61 k	10.04 k	10.47 k
Property Manager Units Under Management			1.68 m				2.15 m	2.30 m	2.41 m	2.53 m	2.68 m	2.83 m