APPFAPPFOLIO INC
Services-Prepackaged Software
- Revenue
- $951M
- 20% YoY
- Operating margin
- 16.1%
- 5.8% YoY
- EBITDA
- $176M
- 13% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -1.2×
- −$211M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear172% of net incomeCash flow under 80% of net income
- Dilutive SBCClear7% of revenueOver 10% of revenue
- Payouts exceed cash flowClear60% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear13% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $359M | $472M | $620M | $794M | $951M | 20% |
| Operating income | −$12M | −$72M | $963K | $136M | $153M | 13% |
| Net income | $1M | −$68M | $3M | $204M | $141M | 31% |
| Operating cash flow | $35M | $25M | $60M | $188M | $242M | 29% |
| Capex | $8M | $7M | $9M | $2M | $3M | 56% |
| Stock-based comp | $17M | $43M | $52M | $60M | $71M | 17% |
| Buybacks | $0 | $0 | $0 | $0 | $146M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 129 | 258 |
| FY2024 | — | — | 137 | 201 |
| FY2023 | — | — | 96 | 147 |
| FY2022 | — | — | 59 | 89 |
| FY2021 | — | — | 67 | 138 |