Appfolio Inc
NASDAQ:APPF
Income Statement
Earnings Waterfall
Appfolio Inc
Revenue
|
620.4m
USD
|
Cost of Revenue
|
-238.1m
USD
|
Gross Profit
|
382.4m
USD
|
Operating Expenses
|
-381.4m
USD
|
Operating Income
|
963k
USD
|
Other Expenses
|
1.7m
USD
|
Net Income
|
2.7m
USD
|
Income Statement
Appfolio Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||
Revenue |
48
N/A
|
54
+12%
|
60
+13%
|
68
+12%
|
75
+11%
|
82
+10%
|
90
+9%
|
98
+9%
|
106
+8%
|
115
+8%
|
124
+8%
|
134
+8%
|
144
+7%
|
154
+7%
|
165
+7%
|
178
+7%
|
190
+7%
|
205
+8%
|
221
+8%
|
239
+8%
|
256
+7%
|
271
+6%
|
289
+6%
|
305
+6%
|
310
+2%
|
316
+2%
|
324
+3%
|
336
+4%
|
359
+7%
|
386
+7%
|
414
+7%
|
444
+7%
|
472
+6%
|
503
+7%
|
532
+6%
|
573
+8%
|
620
+8%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(23)
|
(25)
|
(28)
|
(31)
|
(34)
|
(37)
|
(41)
|
(43)
|
(45)
|
(47)
|
(50)
|
(52)
|
(55)
|
(59)
|
(63)
|
(68)
|
(74)
|
(81)
|
(89)
|
(95)
|
(102)
|
(106)
|
(109)
|
(116)
|
(119)
|
(123)
|
(129)
|
(135)
|
(144)
|
(154)
|
(169)
|
(181)
|
(192)
|
(205)
|
(215)
|
(227)
|
(238)
|
|
Gross Profit |
25
N/A
|
29
+14%
|
33
+15%
|
37
+12%
|
41
+11%
|
45
+9%
|
50
+10%
|
55
+11%
|
61
+11%
|
67
+10%
|
75
+11%
|
82
+10%
|
89
+8%
|
95
+8%
|
103
+8%
|
109
+7%
|
117
+6%
|
124
+6%
|
133
+7%
|
144
+8%
|
154
+7%
|
165
+7%
|
180
+9%
|
189
+5%
|
191
+1%
|
193
+1%
|
196
+1%
|
201
+3%
|
215
+7%
|
232
+8%
|
246
+6%
|
263
+7%
|
280
+7%
|
298
+6%
|
317
+6%
|
346
+9%
|
382
+11%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(34)
|
(40)
|
(46)
|
(53)
|
(56)
|
(60)
|
(64)
|
(66)
|
(69)
|
(72)
|
(74)
|
(76)
|
(79)
|
(82)
|
(85)
|
(90)
|
(97)
|
(108)
|
(122)
|
(134)
|
(147)
|
(156)
|
(167)
|
(177)
|
(181)
|
(192)
|
(200)
|
(209)
|
(227)
|
(253)
|
(278)
|
(303)
|
(331)
|
(382)
|
(372)
|
(393)
|
(381)
|
|
Selling, General & Administrative |
(23)
|
(28)
|
(33)
|
(38)
|
(40)
|
(42)
|
(45)
|
(45)
|
(47)
|
(48)
|
(48)
|
(49)
|
(50)
|
(51)
|
(51)
|
(54)
|
(58)
|
(65)
|
(73)
|
(79)
|
(85)
|
(89)
|
(96)
|
(103)
|
(106)
|
(112)
|
(116)
|
(121)
|
(131)
|
(145)
|
(159)
|
(171)
|
(178)
|
(203)
|
(204)
|
(212)
|
(192)
|
|
Research & Development |
(7)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(15)
|
(17)
|
(18)
|
(20)
|
(22)
|
(24)
|
(27)
|
(31)
|
(35)
|
(40)
|
(42)
|
(45)
|
(48)
|
(49)
|
(52)
|
(55)
|
(58)
|
(66)
|
(76)
|
(87)
|
(100)
|
(111)
|
(125)
|
(135)
|
(148)
|
(151)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(18)
|
(20)
|
(22)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(32)
|
(33)
|
(33)
|
(33)
|
(32)
|
(31)
|
(30)
|
(29)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(8)
|
(22)
|
(3)
|
(3)
|
(10)
|
|
Operating Income |
(9)
N/A
|
(11)
-27%
|
(13)
-16%
|
(16)
-24%
|
(15)
+4%
|
(15)
-1%
|
(14)
+6%
|
(11)
+22%
|
(8)
+24%
|
(4)
+50%
|
1
N/A
|
6
+533%
|
9
+63%
|
13
+40%
|
18
+35%
|
19
+11%
|
20
+2%
|
16
-20%
|
11
-30%
|
10
-10%
|
8
-22%
|
9
+21%
|
13
+43%
|
13
-5%
|
10
-22%
|
1
-88%
|
(4)
N/A
|
(7)
-85%
|
(12)
-61%
|
(21)
-76%
|
(33)
-56%
|
(40)
-24%
|
(50)
-25%
|
(84)
-67%
|
(55)
+35%
|
(47)
+14%
|
1
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
1
|
1
|
1
|
1
|
1
|
3
|
4
|
5
|
7
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(19)
|
(19)
|
(22)
|
0
|
0
|
0
|
0
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
188
|
188
|
0
|
0
|
0
|
188
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
190
|
190
|
2
|
(175)
|
13
|
12
|
17
|
0
|
4
|
4
|
(0)
|
0
|
|
Pre-Tax Income |
(9)
N/A
|
(11)
-27%
|
(13)
-18%
|
(16)
-26%
|
(16)
+4%
|
(16)
N/A
|
(14)
+8%
|
(11)
+25%
|
(8)
+24%
|
(4)
+51%
|
1
N/A
|
6
+436%
|
10
+66%
|
13
+36%
|
18
+35%
|
20
+11%
|
20
+2%
|
15
-25%
|
10
-37%
|
8
-21%
|
5
-38%
|
8
+60%
|
12
+52%
|
198
+1 595%
|
197
-1%
|
189
-4%
|
185
-2%
|
(5)
N/A
|
2
N/A
|
(8)
N/A
|
(39)
-403%
|
(42)
-7%
|
(67)
-58%
|
(77)
-16%
|
(47)
+39%
|
(42)
+10%
|
8
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
4
|
25
|
27
|
32
|
27
|
19
|
(35)
|
(38)
|
(33)
|
(46)
|
7
|
(1)
|
(6)
|
(6)
|
(8)
|
(1)
|
(12)
|
(31)
|
(5)
|
(5)
|
|
Income from Continuing Operations |
(9)
|
(11)
|
(13)
|
(16)
|
(16)
|
(16)
|
(15)
|
(11)
|
(8)
|
(4)
|
1
|
6
|
10
|
13
|
18
|
20
|
20
|
19
|
35
|
35
|
36
|
35
|
31
|
163
|
158
|
157
|
140
|
2
|
1
|
(14)
|
(46)
|
(50)
|
(68)
|
(89)
|
(78)
|
(47)
|
3
|
|
Net Income (Common) |
(9)
N/A
|
(11)
-28%
|
(13)
-17%
|
(16)
-27%
|
(16)
+4%
|
(16)
N/A
|
(15)
+7%
|
(11)
+25%
|
(8)
+24%
|
(4)
+52%
|
1
N/A
|
6
+436%
|
10
+64%
|
13
+38%
|
18
+35%
|
20
+10%
|
20
+1%
|
19
-4%
|
35
+81%
|
35
-1%
|
36
+5%
|
35
-5%
|
31
-11%
|
163
+432%
|
158
-3%
|
157
-1%
|
140
-11%
|
2
-99%
|
1
-47%
|
(14)
N/A
|
(46)
-234%
|
(50)
-9%
|
(68)
-37%
|
(89)
-31%
|
(78)
+12%
|
(47)
+39%
|
3
N/A
|
|
EPS (Diluted) |
-0.27
N/A
|
-0.34
-26%
|
-0.4
-18%
|
-0.5
-25%
|
-0.73
-46%
|
-0.48
+34%
|
-0.44
+8%
|
-0.33
+25%
|
-0.25
+24%
|
-0.12
+52%
|
0.03
N/A
|
0.16
+433%
|
0.28
+75%
|
0.37
+32%
|
0.5
+35%
|
0.56
+12%
|
0.56
N/A
|
0.55
-2%
|
0.99
+80%
|
0.97
-2%
|
1.02
+5%
|
0.97
-5%
|
0.86
-11%
|
4.58
+433%
|
4.44
-3%
|
4.4
-1%
|
3.92
-11%
|
0.06
-98%
|
0.03
-50%
|
-0.39
N/A
|
-1.31
-236%
|
-1.43
-9%
|
-1.95
-36%
|
-2.53
-30%
|
-2.2
+13%
|
-1.29
+41%
|
0.07
N/A
|