APPFAppFolio, Inc.
AppFolio, Inc. sells property management software and services to multifamily and commercial real estate operators, enabling them to manage leases, rent, and tenant interactions. The next catalyst is Sep 23, 2026 — AppFolio (APPF) Stock Could..., which will test the company’s ability to sustain growth from premium-tier adoption and value-added services.
- AppFolio’s revenue grew 19.7% YoY to $1.03B in Q2, with net income of $160.04M and a net margin of 15.6% (TTM).
- The company’s debt-to-equity ratio is 0.09x, and it has $542.58M in shareholders’ equity.
- Diluted EPS of $1.17 in Q2 reflects strong earnings power, but the stock’s reaction to Q1 results showed investor skepticism on growth.
The Read
AppFolio's stock fell about 10% after Q1 FY2026 earnings met EPS estimates but disappointed growth expectations, then surged over 20% following strong Q2 results driven by premium-tier adoption, value-added services, and raised guidance.
The schedule
- Thu15Oct
Fall 2026 Product Innovations & AI Monetization Update
- Thu29Oct
This earnings report will test the company's ability to maintain revenue growth and margin expansion amid macroeconomic uncertainty. The outcome will be critical for assessing the strength of the product mix and cash flow generation, especially given the recent Q2 earnings print that showed a bearish move.
- Thu4Feb
This earnings report will test the company's ability to deliver on its long-term growth targets and maintain profitability in a challenging macro environment. The outcome will be critical for assessing the company's strategic execution and financial discipline.
- Tue4May
This earnings report will test the company's ability to maintain its growth trajectory and adapt to evolving market conditions. The outcome will be critical for assessing the company's product mix and cash flow generation.
- Thu22Jul
This earnings report will test the company's ability to sustain its growth and maintain profitability in a challenging macro environment. The outcome will be critical for assessing the company's strategic execution and financial discipline.
- Fri17Sep
This event will test the market's sentiment around the company's product innovation and its ability to maintain momentum in the competitive SaaS space. The outcome will be influenced by the recent product launch in Fall 2026.
Past
- Wed23Sep
This event will test the market's sentiment around the company's product innovation and its ability to maintain momentum in the competitive SaaS space. The outcome will be influenced by the recent product launch in Fall 2026.
- Thu23Jul
Actual outcome: Bull · $165.32 at outcome
AppFolio delivered strong Q2 results, beating revenue estimates and raising its full-year 2026 outlook on the back of premium-tier adoption and growth in Value Added Services. Although the immediate price reaction was muted, these robust fundamentals, expanding margins, and subsequent analyst upgrades propelled the stock well past the $168 bull target in the following weeks.
Release of Q2 FY2026 earnings, focusing on revenue growth durability amid a challenging U.S. real estate macro environment.
- Tue5May
Actual outcome: Bear · $155.37 at outcome
AppFolio reported Q1 FY2026 EPS of $1.19, exactly matching analyst estimates. Despite meeting bottom-line expectations, the stock fell 10.1% in the week following the release, indicating that the in-line results and forward guidance were insufficient to satisfy the market's high growth expectations following the stock's prior run-up.