AppFolio Q4 revenue slightly beats estimates

AppFolio

29/01/2026 21:13

Overview

Real estate tech firm's Q4 revenue grew 22% yr/yr, slightly beating analyst expectations

Non-GAAP operating income for Q4 rose to $62 mln, improving from last year

Company expects FY 2026 revenue to reach $1.1 bln to $1.12 bln

Outlook

AppFolio expects full-year revenue between $1,100 mln and $1,120 mln

Company projects full-year non-GAAP operating margin of 25.5% to 27.5%

AppFolio anticipates diluted shares outstanding to be 36 mln to 37 mln

Result Drivers

AI PLATFORM - AppFolio attributed its performance to its AI-native Performance Platform, which is enhancing customer outcomes

UNIT GROWTH - Total units under management increased by 8% year-over-year, contributing to revenue growth

OPERATING INCOME - GAAP operating income rose to $44 mln, or 17.6% of revenue, from $23 mln, or 11.3% of revenue in Q4 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$248.19 mln
$246.56 mln (7 Analysts)
Q4 Net Income
$39.91 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 $310.73, about 42.5% above its January 28 closing price of $218.00

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 45 three months ago

Press Release: ID:nGNX6XYdj8

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(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.)