AppFolio beats Q1 revenue estimates, raises 2026 revenue forecast

AppFolio

23/04/2026 21:18

Overview

US real estate tech platform's Q1 revenue grew 20% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company repurchased 703,000 shares for $125 mln during Q1

Outlook

AppFolio raises 2026 revenue outlook to $1.110-$1.125 bln

Company lifts 2026 non-GAAP operating margin forecast to 26.0%-28.0%

AppFolio expects diluted weighted average shares outstanding at about 36 mln in 2026

Result Drivers

AI INTEGRATION - Co said applying AI across its business accelerated customer performance and improved operational efficiency

CUSTOMER GROWTH - Total units under management rose 8% yr/yr to 9.5 mln, contributing to revenue growth

Company press release: ID:nGNX4bsMR0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$262.21 mln
$258.07 mln (8 Analysts)
Q1 Adjusted EPS
Beat
$1.61
$1.47 (7 Analysts)
Q1 Net Income
$42.42 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Appfolio Inc is $250.00, about 57.8% above its April 22 closing price of $158.41

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 36 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)