AppFolio Lifts Full-Year Outlook as Q2 Revenue Climbs 19%
APPF is trading near its 52-week low of $142.56 (10% above the low) on elevated volume (2.4× avg).
Summary
AppFolio posted Q2 2026 revenue of $281 million, a 19% year-over-year increase, and raised its full-year revenue guidance to $1.117–$1.127 billion. Operating income grew 31% to $53 million, reflecting strong demand for its real estate platform.
Key Events · Earnings and Guidance · APPF
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Revenue Growth Accelerates
Driven by a 22% jump in Value Added Services revenue to $219 million, Q2 2026 revenue reached $281 million, up 19% year-over-year.
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Full-Year Guidance Raised
Reflecting confidence in continued momentum, AppFolio raised its FY2026 revenue guidance to $1.117–$1.127 billion, above prior expectations.
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Operating Margins Expand
GAAP operating income grew 31% to $53 million (18.8% of revenue), while non-GAAP operating income rose 24% to $76 million (27.1% of revenue).
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Strong Balance Sheet
Ample liquidity is supported by cash and equivalents of $217.4 million and no outstanding borrowings on the $150 million credit facility.
Analysis · APPF · Technology
A strong second quarter saw revenue rise 19% to $281 million, fueled by growing adoption of payments, tenant screening, and risk mitigation services. Operating margins expanded, and the full-year revenue outlook was raised to $1.117–$1.127 billion, underscoring confidence in sustained growth. The balance sheet remains solid with $217 million in cash and no debt drawn, while the $125 million remaining on the buyback program adds capital allocation flexibility.
At the time of this filing, APPF was trading at $157.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.8B. The 52-week trading range was $142.56 to $326.04. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.