APPFOLIO INC
For the period ended Dec 31, 2025. Filed Feb 5, 2026.
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FY2025 · Filed Feb 5, 2026
APPF$229.49-0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except par values)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $106,967 | $42,504 |
| Investment securities—current | 144,256 | 235,745 |
| Accounts receivable, net | 36,873 | 24,346 |
| Prepaid expenses and other current assets | 65,218 | 32,807 |
| Total current assets | 353,314 | 335,402 |
| Property and equipment, net | 23,228 | 24,483 |
| Operating lease right-of-use assets | 15,924 | 17,472 |
| Capitalized software development costs, net | 11,324 | 15,429 |
| Goodwill | 96,410 | 96,410 |
| Intangible assets, net | 38,826 | 49,057 |
| Deferred income taxes | 58,823 | 76,910 |
| Long-term investments | 77,033 | 2,033 |
| Other long-term assets | 14,085 | 9,482 |
| Total assets | $688,967 | $626,678 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $4,123 | $2,378 |
| Accrued employee expenses | 59,774 | 30,157 |
| Accrued expenses | 20,829 | 14,658 |
| Other current liabilities | 22,121 | 16,087 |
| Total current liabilities | 106,847 | 63,280 |
| Operating lease liabilities | 33,287 | 37,476 |
| Other liabilities | 6,254 | 6,632 |
| Total liabilities | 146,388 | 107,388 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value, 25,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.0001 par value, 250,000 shares authorized as of December 31, 2025 and December 31, 2024; 25,443 and 23,660 shares issued as of December 31, 2025 and December 31, 2024, respectively; 24,335 and 23,241 shares outstanding as of December 31, 2025 and December 31, 2024, respectively | 3 | 2 |
| Class B common stock, $0.0001 par value, 50,000 shares authorized as of December 31, 2025 and December 31, 2024; 11,655 and 13,163 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 1 | 2 |
| Additional paid-in capital | 284,054 | 254,821 |
| Accumulated other comprehensive (loss) Income | 30 | 173 |
| Treasury stock, at cost, 1,108 and 419 shares of Class A common stock as of December 31, 2025 and December 31, 2024, respectively | (172,480) | (25,756) |
| Retained earnings | 430,971 | 290,048 |
| Total stockholders’ equity | 542,579 | 519,290 |
| Total liabilities and stockholders’ equity | $688,967 | $626,678 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.