AppFolio (APPF) Revenue & Revenue Breakdown
AppFolio Revenue Highlights
Latest Revenue (Y)
$620.45M
Latest Revenue (Q)
$197.38M
Main Segment (Y)
Value Plus Services
AppFolio Revenue by Period
AppFolio Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $620.45M | 31.48% |
| 2022-12-31 | $471.88M | 31.31% |
| 2021-12-31 | $359.37M | 15.90% |
| 2020-12-31 | $310.06M | 21.11% |
| 2019-12-31 | $256.01M | 34.69% |
| 2018-12-31 | $190.07M | 32.17% |
| 2017-12-31 | $143.80M | 36.20% |
| 2016-12-31 | $105.59M | 40.82% |
| 2015-12-31 | $74.98M | 57.28% |
| 2014-12-31 | $47.67M | 79.61% |
| 2013-12-31 | $26.54M | - |
AppFolio generated $620.45M in revenue during NA 2023, up 31.48% compared to the previous quarter, and up 326.43% compared to the same period a year ago.
AppFolio Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $197.38M | 5.31% |
| 2024-03-31 | $187.43M | 9.08% |
| 2023-12-31 | $171.83M | 3.86% |
| 2023-09-30 | $165.44M | 12.49% |
| 2023-06-30 | $147.07M | 8.06% |
| 2023-03-31 | $136.10M | 9.71% |
| 2022-12-31 | $124.06M | -0.82% |
| 2022-09-30 | $125.08M | 6.50% |
| 2022-06-30 | $117.45M | 11.54% |
| 2022-03-31 | $105.30M | 10.14% |
| 2021-12-31 | $95.60M | -0.22% |
| 2021-09-30 | $95.81M | 7.60% |
| 2021-06-30 | $89.04M | 12.82% |
| 2021-03-31 | $78.92M | 8.96% |
| 2020-12-31 | $72.43M | -13.86% |
| 2020-09-30 | $84.09M | 3.75% |
| 2020-06-30 | $81.04M | 11.79% |
| 2020-03-31 | $72.50M | 7.62% |
| 2019-12-31 | $67.36M | -0.84% |
| 2019-09-30 | $67.94M | 6.78% |
| 2019-06-30 | $63.62M | 11.44% |
| 2019-03-31 | $57.09M | 13.35% |
| 2018-12-31 | $50.37M | 0.48% |
| 2018-09-30 | $50.13M | 6.11% |
| 2018-06-30 | $47.24M | 11.57% |
| 2018-03-31 | $42.34M | 11.72% |
| 2017-12-31 | $37.90M | -0.02% |
| 2017-09-30 | $37.90M | 5.65% |
| 2017-06-30 | $35.88M | 11.68% |
| 2017-03-31 | $32.13M | 14.69% |
| 2016-12-31 | $28.01M | -0.54% |
| 2016-09-30 | $28.16M | 7.48% |
| 2016-06-30 | $26.20M | 12.89% |
| 2016-03-31 | $23.21M | 13.78% |
| 2015-12-31 | $20.40M | 0.46% |
| 2015-09-30 | $20.30M | 10.20% |
| 2015-06-30 | $18.43M | 16.26% |
| 2015-03-31 | $15.85M | 19.89% |
| 2014-12-31 | $13.22M | 1.50% |
| 2014-09-30 | $13.02M | 12.33% |
| 2014-06-30 | $11.59M | 17.90% |
| 2014-03-31 | $9.83M | - |
AppFolio generated $197.38M in revenue during Q2 2024, up 5.31% compared to the previous quarter, and up 145.02% compared to the same period a year ago.
AppFolio Revenue Breakdown
AppFolio Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Other Services | $9.65M | $11.71M | $12.93M | $13.97M | $13.44M |
| Value Plus Services | $454.10M | $327.64M | $241.29M | $195.15M | $153.99M |
| Core Solutions | $156.69M | $132.54M | $105.15M | $100.94M | $88.58M |
AppFolio's latest annual revenue breakdown by segment (product or service), as of Dec 23: Value Plus Services (73.19%), Core Solutions (25.25%), and Other Services (1.56%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Core Solutions | $44.02M | $42.92M | $41.25M | $39.76M | $38.52M | $37.17M | $35.38M | $33.94M | $32.41M | $30.81M | $28.69M | $26.92M | $25.36M | $24.17M | $22.86M | $27.12M | $26.06M | $24.90M | $23.65M | $22.50M |
| Other Services | $1.73M | $2.18M | $2.59M | $2.50M | $2.48M | $2.10M | $2.39M | $2.74M | $3.59M | $2.99M | $3.15M | $3.31M | $3.23M | $3.24M | $3.55M | $3.58M | $3.39M | $3.46M | $4.12M | $3.79M |
| Value Added Services | $151.62M | $142.33M | $123.19M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Value Plus Services | - | - | $251.18M | $106.08M | $96.83M | $86.29M | $88.40M | $81.45M | $71.50M | $63.75M | $65.58M | $60.45M | $51.51M | $46.02M | $53.39M | $51.59M | $44.14M | $39.59M | $41.65M | - |
AppFolio's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Value Added Services (76.82%), Core Solutions (22.30%), and Other Services (0.88%).
AppFolio Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| GBTG | Global Business Travel Group | $2.29B | $625.00M |
| BSY | Bentley Systems | $1.23B | $330.34M |
| BLKB | Blackbaud | $1.11B | $287.29M |
| ALRM | Alarm.com | $881.68M | $233.81M |
| PYCR | Paycor HCM | $654.95M | $187.02M |
| WK | Workiva | $630.04M | $177.50M |
| QTWO | Q2 | $624.62M | $172.89M |
| APPF | AppFolio | $620.45M | $197.38M |
| BL | BlackLine | $590.00M | $160.51M |
| NCNO | nCino | $476.54M | $132.40M |
| ADEA | Adeia | $388.79M | $87.35M |
| PRO | PROS | $303.71M | $82.01M |
| ALKT | Alkami | $264.83M | $82.16M |
| AGYS | Agilysys | $237.46M | $63.51M |
| ENFN | Enfusion | $174.53M | $49.45M |
| ASUR | Asure Software | $119.08M | $28.04M |
| AMSWA | American Software | $102.52M | $26.19M |
APPF Revenue FAQ
What is AppFolio’s yearly revenue?
AppFolio's yearly revenue for 2023 was $620.44M, representing an increase of 31.48% compared to 2022. The company's yearly revenue for 2022 was $471.88M, representing an increase of 31.31% compared to 2021. APPF's yearly revenue for 2021 was $359.37M, representing an increase of 15.90% compared to 2020.
What is AppFolio’s quarterly revenue?
AppFolio's quarterly revenue for Q2 2024 was $197.38M, a 5.31% increase from the previous quarter (Q1 2024), and a 34.20% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $187.43M, a 9.08% increase from the previous quarter (Q4 2023), and a 37.71% increase year-over-year (Q1 2023). APPF's quarterly revenue for Q4 2023 was $171.83M, a 3.86% increase from the previous quarter (Q3 2023), and a 38.51% increase year-over-year (Q4 2022).
What is AppFolio’s revenue growth rate?
AppFolio's revenue growth rate for the last 3 years (2021-2023) was 72.65%, and for the last 5 years (2019-2023) was 142.35%.
What are AppFolio’s revenue streams?
AppFolio's revenue streams in c 23 are Other Services, Value Plus Services, and Core Solutions. Other Services generated $9.66M in revenue, accounting 1.56% of the company's total revenue, down -17.52% year-over-year. Value Plus Services generated $454.1M in revenue, accounting 73.19% of the company's total revenue, up 38.60% year-over-year. Core Solutions generated $156.69M in revenue, accounting 25.25% of the company's total revenue, up 18.22% year-over-year.
What is AppFolio’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of AppFolio was Value Plus Services. This segment made a revenue of $454.1M, representing 73.19% of the company's total revenue.