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Overview

AppFolio Financial Statements FY2021-FY2026Q3

AppFolio's income statement and balance sheet, FY2021 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part… Ledger notes

Financial position

Net worth and the accounts that make it up

Net Worth
Assets plus liabilities over the last 12 months
582.514 MUSD
Accounts
Asset and liability balances at September 30, 2026

Money movement

Monthly income and spending by account category

September 2026
Money in
September 2026
+297.894 MUSD
Top sources
Average of up to 3 preceding periods
—
View all
Money out
September 2026
-251.916 MUSD
Top spending
Average of up to 3 preceding periods
—
View all

Recent activity

Posting-aware activity from the journal

Transactions
Newest transactions matching the current dashboard filters

Income vs Expenses

Income vs Expenses
Bar chart comparing total income and expenses for each interval in the selected period.
Period data
PeriodIncomeExpensesNet Profit
2026-09-30297.894 MUSD251.916 MUSD45.978 MUSD

Balance Sheet

Assets Distribution
Visual representation of AppFolio Financial Statements FY2021-FY2026Q3 assets composition
Breakdown
AccountAmountShare of total
Assets:NonCurrent:PropertyPlantEquipment20.316 MUSD2.84%
Assets:NonCurrent:Other47.403 MUSD6.62%
Assets:NonCurrent:OperatingLeaseRightOfUse14.227 MUSD1.99%
Assets:NonCurrent:LongTermInvestments87.668 MUSD12.25%
Assets:NonCurrent:IntangibleAssets42.275 MUSD5.91%
Assets:NonCurrent:Goodwill96.41 MUSD13.47%
Assets:Current:ShortTermInvestments48.74 MUSD6.81%
Assets:Current:Other47.561 MUSD6.65%
Assets:Current:Cash258.536 MUSD36.12%
Assets:Current:AccountsReceivable52.535 MUSD7.34%
Liabilities Distribution
Visual representation of AppFolio Financial Statements FY2021-FY2026Q3 liabilities composition
Breakdown
AccountAmountShare of total
Liabilities:NonCurrent:Other6.399 MUSD4.81%
Liabilities:NonCurrent:OperatingLeases24.876 MUSD18.68%
Liabilities:Current:Other96.226 MUSD72.27%
Liabilities:Current:AccountsPayable5.656 MUSD4.25%

Cash Flow

Cash Flow
Money flow from income sources to expenses and investments

Loading account roles…

README.md

AppFolio, Inc. (APPF) Financial Statements in Beancount — Open Ledger

AppFolio's income statement and balance sheet, FY2021 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/appfolio

Latest analysis: AppFolio Q3 FY2026 Earnings: Revenue Up 19% to $295.7M, Operating Income Up 64%

Key Figures

PeriodPeriod endRevenueNet income
FY20212021-12-31359.371.028
FY20222022-12-31471.883-68.119
FY20232023-12-31620.4452.702
FY20242024-12-31794.202204.068
FY20252025-12-31950.822140.923
FY2026Q32026-09-30295.69145.978

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31. All figures sourced from AppFolio, Inc. Form 10-K and 10-Q filings (SEC EDGAR, CIK 0001433195; NASDAQ: APPF).

Quick Start

bash
uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

  • Balance sheet — pad / balance directives assert each period-end
    figure against the filing named in that period file's source banner.
  • Income statement — one zero-sum transaction per period: Income
    negative (credit), Expenses positive (debit), with the arithmetic check in
    a comment directly above it.
  • Unit — MUSD; 295.691 MUSD means 295.691 million US dollars.
  • Additional accounts — Assets:Current:Inventory,
    Assets:NonCurrent:OperatingLeaseRightOfUse,
    Assets:NonCurrent:LongTermInvestments,
    Liabilities:NonCurrent:OperatingLeases, Equity:TreasuryStock,
    Expenses:DepreciationAndAmortization, opened beyond the standard chart (see
    each account's open line in main.bean).

Analysis

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of AppFolio, Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by AppFolio, Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.