AppFolio Inc. (APPF) Stock Rises on Q1 2026 Earnings

AppFolio Inc. (APPF) reported Q1 2026 results showing solid top-line and profit growth while trading reacted positively after the close.

Revenue: $262.2 million (up 20.5% year‑over‑year).

Gross profit: $167.2 million (up 21.0% year‑over‑year).

Operating profit: $50.7 million (up 50.2% year‑over‑year).

Net income attributable to common shareholders: $42.4 million (up 35.2% year‑over‑year).

Diluted earnings per share: $1.18 (up 37.2% year‑over‑year).

Compared with consensus, revenue was slightly below expectations of $263.2 million, and diluted EPS came in below the estimate of $1.50. Shares moved higher, rising about 8.34% since market close.

Cash from operating activities: $34.3 million (down 10.8% year‑over‑year).

Capital expenditures (purchases of property, plant and equipment): -$231,000 (essentially flat year‑over‑year).

Cash and cash equivalents: $147.4 million (up 100.6% year‑over‑year).

Total liabilities: $110.3 million (down 1.3% year‑over‑year).

Cost of sales: $95.0 million (up 19.5% year‑over‑year).

The company showed meaningful operating leverage: operating profit grew faster than revenue, lifting operating margin to roughly 19.4%. Strong cash balances and lower liabilities improved the balance-sheet profile, though operating cash flow declined year‑over‑year.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

AppFolio Inc. Insider Trading Activity

AppFolio Inc. insiders have traded $APPF stock on the open market 22 times in the past 6 months. Of those trades, 0 have been purchases and 22 have been sales.

Here’s a breakdown of recent trading of $APPF stock by insiders over the last 6 months:

WILLIAM SHANE TRIGG (Chief Executive Officer) has made 0 purchases and 20 sales selling 10,910 shares for an estimated $2,130,909.
TIMOTHY MATHIAS EATON (Chief Financial Officer) sold 517 shares for an estimated $118,051
EVAN PICKERING (General Counsel) sold 334 shares for an estimated $81,385

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

AppFolio Inc. Hedge Fund Activity

We have seen 202 institutional investors add shares of AppFolio Inc. stock to their portfolio, and 207 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CITADEL ADVISORS LLC added 331,938 shares (+1230.4%) to their portfolio in Q4 2025, for an estimated $77,225,375
ASHE CAPITAL MANAGEMENT, LP removed 253,345 shares (-19.0%) from their portfolio in Q4 2025, for an estimated $58,940,714
FMR LLC removed 235,321 shares (-47.5%) from their portfolio in Q4 2025, for an estimated $54,747,430
BROWN CAPITAL MANAGEMENT LLC removed 189,819 shares (-55.5%) from their portfolio in Q4 2025, for an estimated $44,161,390
MILLENNIUM MANAGEMENT LLC added 172,627 shares (+158.6%) to their portfolio in Q4 2025, for an estimated $40,161,671
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 168,141 shares (-74.4%) from their portfolio in Q4 2025, for an estimated $39,118,003
INSIGHT HOLDINGS GROUP, LLC removed 108,050 shares (-70.8%) from their portfolio in Q4 2025, for an estimated $25,137,832

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

AppFolio Inc. Congressional Stock Trading

Members of Congress have traded $APPF stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $APPF stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 02/18.
REPRESENTATIVE LISA C. MCCLAIN has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/30 and 2 sales worth up to $30,000 on 10/31, 10/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

AppFolio Inc. Analyst Ratings

Wall Street analysts have issued reports on $APPF in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Piper Sandler issued a "Overweight" rating on 01/30/2026
JP Morgan issued a "Overweight" rating on 01/30/2026
UBS issued a "Buy" rating on 12/12/2025
DA Davidson issued a "Buy" rating on 11/19/2025

To track analyst ratings and price targets for AppFolio Inc., check out Quiver Quantitative's $APPF forecast page.

AppFolio Inc. Price Targets

Multiple analysts have issued price targets for $APPF recently. We have seen 7 analysts offer price targets for $APPF in the last 6 months, with a median target of $275.0.

Here are some recent targets:

Michael Rindos from Benchmark set a target price of $222.0 on 03/26/2026
Hannah Rudoff from Piper Sandler set a target price of $245.0 on 01/30/2026
Ryan Tomasello from Keefe, Bruyette & Woods set a target price of $290.0 on 01/30/2026
Clark Wright from DA Davidson set a target price of $275.0 on 01/30/2026
Alexei Gogolev from JP Morgan set a target price of $300.0 on 01/30/2026
Seth Gilbert from UBS set a target price of $285.0 on 12/12/2025
Jason Celino from Keybanc set a target price of $270.0 on 10/31/2025