AppFolio, Inc.

APPFNASDAQTechnology● Active

$164.90

$-2.04(-1.22%)

Market Cap$5.9B

P/E Ratio—

52W High$326.04

52W Low$142.73

Avg Volume362K

Open$164.44

Beta0.79

Overview

AppFolio, Inc. (APPF) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

APPF · free cash flow · updated Jun 8, 2026

Core FCF metrics

APPF · FCF · TTM · margin & CAGR

Free cash flow was $238.9M for FY2025 (fiscal year ending 2025-12-31), up 28.4% year-over-year The FCF margin was 25.1%. Five-year CAGR stands at +136.7%.

FY2025 Free Cash Flow$238.9M▲ +28.4% YoY

Trailing 12M (TTM)$233.8Mtrailing 4 quarters sum

FCF Margin25.1%$238.9M ÷ revenue

3-Year CAGR+133.3%FY2022 → FY2025

5-Year CAGR+136.7%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

APPF · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$242.1M(3M)$238.9M▲ +28.4%25.1%

FY2024$188.2M(2M)$186.1M▲ +301.0%23.4%

FY2023$60.3M(14M)$46.4M▲ +146.6%7.5%

FY2022$25.4M(7M)$18.8M▲ +604.3%4.0%

FY2021$35.4M(33M)$2.7M▼ 17.0%0.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

APPF · P/FCF · FCF yield · FCF per share

AppFolio, Inc. (APPF) trades at a FCF yield of 3.95% and a price-to-free-cash-flow ratio of 25.4x. FCF per share stands at $6.49, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.95%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.49

TTM FCF ÷ Shares Outstanding

Price / FCF

x25.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

APPF · cash flow statement · operating / investing / financing

For FY2025, AppFolio, Inc. generated $242.1M in operating cash flow and spent 3M in capital expenditures, yielding $238.9M in free cash flow.

Operating Activities

+$242.1M

Cash from core business operations

2025-12-31

Investing Activities

+$10.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$187.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($242.1M) − |CapEx| (3M) = FCF ($238.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

APPF vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

AppFolio, Inc.YOU

APPF

$238.9M+28.4%25.1%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AppFolio, Inc. (APPF) reported free cash flow of $238.9M for FY2025 (fiscal year ending 2025-12-31), up 28.4% year-over-year. The FCF margin was 25.1%.

Based on available data, AppFolio, Inc. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $238.9M in FY2025. The 5-year CAGR stands at +136.7%.

AppFolio, Inc.'s FCF yield is 3.95% and price-to-FCF ratio is 25.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

APPF free cash flow · 8 questions

AppFolio, Inc. free cash flow was $238.9M for FY2025, up 28.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $233.8M.

APPF free cash flowAPPF FCFAPPF FCF 2025APPF free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AppFolio, Inc. · AppFolio, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026