APPF Class A AppFolio, Inc. - Class A Common Stock
NASDAQ · Technology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 23, 2026
$202.97
· of 52w range
· above low
· to high
$142.5652w low
$265.0252w high
P/E (TTM)
46.3
EPS (TTM)
$4.38
Revenue (TTM)
$1.04B
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52W Range
$143–$265
Analyst Rating
BUY
Price Target
$236
P/E
46.3
ROE
32.1%
Net Profit Margin
15.1%
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APPF Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$202.97
P/E (TTM)
46.3
EPS (TTM)
$4.38
Revenue (TTM)
$1.04B
ROE (TTM)
32.1%
52W Range
$143–$265
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About AppFolio, Inc. - Class A Common Stock Company overview from Wikipedia
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
The company's headquarters is in Goleta, California, in the Santa Barbara area.
History
AppFolio was established in 2006 by co-founders Klaus Schauser and Jon Walker. Schauser had previously founded Expertcity.
The company's first focus was property management for small to medium businesses and its first product, AppFolio Property Manager, was launched in 2007.
In November 2012, AppFolio acquired MyCase, a "legal practice management software provider."
AppFolio purchased real estate software firm RentLinx in April 2015. This acquisition included rights to the website ShowMeTheRent.com, which increased AppFolio's listing presence.
In May 2015, AppFolio announced its Initial public offering, which was unveiled in June.
In September 2018, AppFolio reported acquisition of utility analytics software WegoWise.
In January 2019, AppFolio acquired Dynasty Marketplace, Inc., for $60 million.
In September 2020, AppFolio announced the sale of MyCase to private equity firm Apax Funds, for approximately $193 million.
Products
AppFolio Property Manager
AppFolio Property Manager is a cloud-based property management platform used to manage residential and commercial rental operations, including leasing, accounting, and resident communications. The platform was expanded in 2022 with the AppFolio Stack, a marketplace for other real-estate software that can be integrated with its products.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorTechnology
industryTechnology
employees1,702
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$951M2016-12-31 → 2025-12-31
EPS$3.882016-12-31 → 2025-12-31
Free Cash Flow$239M2016-12-31 → 2025-12-31
Net margin15.1%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | APPF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 46.35Y avg ≈1312.1 | ≈1312.1 | 31.2 | Overvalued |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | APPF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 17.5%5Y avg ≈2.9% | ≈2.9% | 7.6% | Top tier | |
| EBITDA Margin (TTM) | 19.5%5Y avg ≈7.8% | ≈7.8% | 7.6% | Top tier | |
| Pretax Margin (TTM) | 18.2%5Y avg ≈4.7% | ≈4.7% | 6.4% | Top tier | |
| Net Profit Margin (TTM) | 15.1%5Y avg ≈5.4% | ≈5.4% | 5.9% | Top tier | |
| ROA (TTM) | 25.9%5Y avg ≈8.9% | ≈8.9% | 8.7% | Top tier | |
| ROE (TTM) | 32.1%5Y avg ≈9.6% | ≈9.6% | -8.1% | Top tier | |
| ROIC | 24.6%5Y avg ≈6.0% | ≈6.0% | 14.0% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | APPF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 3.85Y avg ≈3.8 | ≈3.8 | 1.6 | Strong liquidity | |
| Quick Ratio | 1.35Y avg ≈1.2 | ≈1.2 | 1.0 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | APPF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 19.7%5Y avg ≈25.3% | ≈25.3% | · | · | |
| Revenue CAGR 3Y | 26.3%5Y avg ≈27.5% | ≈27.5% | · | · | |
| Revenue CAGR 5Y | 25.1% | · | · | · | |
| EPS YoY | -30.1%5Y avg ≈2566.4% | ≈2566.4% | · | · | |
| Net Income YoY | -30.9%5Y avg ≈2440.7% | ≈2440.7% | · | · | |
| EPS CAGR 3Y | 469.8% | · | · | · | |
| EPS CAGR 5Y | -2.7% | · | · | · | |
| Net Income CAGR 3Y | 483.3% | · | · | · | |
| Net Income CAGR 5Y | -2.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | APPF | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.45Y avg ≈1.3 | ≈1.3 | 0.7 | Top tier | |
| Receivables Turnover | 31.15Y avg ≈32.8 | ≈32.8 | 20.9 | Top tier | |
| Revenue / Employee | ≈$558.6K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.95%
Next Report
Oct 28, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $1.71 | $1.72 | -0.77% |
| March 31, 2026 | $1.61 | $1.50 | 7.0% | |
| Dec. 31, 2025 | $1.39 | $1.28 | 8.7% | |
| Sept. 30, 2025 | $1.31 | $1.48 | -11.5% | |
| June 30, 2025 | $1.38 | $1.31 | 5.4% | |
| March 31, 2025 | $1.21 | $1.25 | -3.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $951M | $794M | $620M | $472M | $359M | $310M | $256M | $190M | $144M | $106M | $75M | $48M | |
| Cost of Revenue | · | · | · | · | $144M | $119M | $102M | $74M | $55M | $45M | $34M | $23M | |
| R&D Expense | $190M | $160M | $151M | $111M | $66M | $49M | $40M | $24M | $17M | $13M | $10M | $7M | |
| SG&A Expense | $96M | $86M | $93M | $101M | $57M | $47M | $34M | $25M | $21M | $18M | $14M | $6M | |
| Operating Expenses | $798M | $659M | $619M | $544M | $371M | $300M | $250M | $170M | $134M | $114M | $90M | $56M | |
| Operating Income | $153M | $136M | $963.0K | $-72M | $-12M | $10M | $6M | $20M | $9M | $-8M | $-15M | $-9M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | $800.0K | · | |
| Other Non-op | $38.0K | $697.0K | $3.0K | $4M | $13M | $189M | $16.0K | $-56.0K | $-96.0K | $-37.0K | $5.0K | $-121.0K | |
| Pretax Income | $161M | $150M | $8M | $-67M | $2M | $197M | $5M | $20M | $10M | $-8M | $-16M | $-9M | |
| Income Tax | $20M | $-54M | $5M | $1M | $706.0K | $38M | $-31M | $420.0K | $58.0K | $67.0K | $75.0K | $0 | |
| Net Income | $141M | $204M | $3M | $-68M | $1M | $158M | $36M | $20M | $10M | $-8M | $-16M | $-9M | |
| EPS (Basic) | $3.91 | $5.63 | $0.08 | $-1.95 | $0.03 | $4.62 | $1.07 | $0.59 | $0.29 | $-0.25 | $-0.73 | · | |
| EPS (Diluted) | $3.88 | $5.55 | $0.07 | $-1.95 | $0.03 | $4.44 | $1.02 | $0.56 | $0.28 | $-0.25 | $-0.73 | · | |
| Shares (Basic) | 36,013,000 | 36,252,000 | 35,629,000 | 35,010,000 | 34,578,000 | 34,264,000 | 34,016,000 | 34,128,000 | 33,849,000 | 33,561,000 | 21,336,000 | · | |
| Shares (Diluted) | 36,327,000 | 36,782,000 | 36,417,000 | 35,010,000 | 35,701,000 | 35,713,000 | 35,567,000 | 35,562,000 | 35,151,000 | 33,561,000 | 21,336,000 | · | |
| EBITDA | $176M | $153M | $27M | $-39M | $19M | $37M | $29M | $34M | $22M | $2M | $-9M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $107M | $43M | $50M | $71M | $58M | $140M | $16M | $74M | $16M | $11M | $12M | $5M | |
| Short-term Investments | · | · | · | · | · | · | · | · | $30M | $15M | $10M | $0 | |
| Receivables | $37M | $24M | $21M | $17M | $13M | $10M | $8M | $6M | $3M | $3M | $2M | $1M | |
| Prepaid Expense | $65M | $33M | $40M | $25M | $24M | $21M | $16M | $12M | $5M | $4M | $3M | $1M | |
| Other Current Assets | $3M | $3M | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $353M | $335M | $272M | $201M | $159M | $199M | $62M | $108M | $54M | $32M | $28M | $8M | |
| PP&E (Net) | $23M | $24M | $28M | $26M | $30M | $26M | $15M | $7M | $7M | $7M | $6M | $3M | |
| PP&E (Gross) | $43M | $41M | $43M | $39M | $41M | $38M | $26M | $16M | $13M | $12M | $9M | $5M | |
| Accum. Depreciation | $20M | $16M | $15M | $13M | $11M | $11M | $12M | $9M | $7M | $5M | $3M | $2M | |
| Goodwill | $96M | $96M | $56M | $56M | $56M | $56M | $58M | $16M | $7M | $7M | $7M | $5M | |
| Intangibles | $39M | $49M | $2M | $5M | $12M | $16M | $21M | $6M | $2M | $3M | $5M | $4M | |
| Other Non-current Assets | $14M | $9M | $9M | $9M | $7M | $6M | $6M | $8M | $1M | $1M | $1M | $882.0K | |
| Total Assets | $689M | $627M | $409M | $381M | $408M | $389M | $260M | $176M | $110M | $93M | $90M | $25M | |
| Accounts Payable | $4M | $2M | $1M | $2M | $2M | $1M | $2M | $1M | $610.0K | $937.0K | $2M | $2M | |
| Accrued Liabilities | $21M | $15M | $22M | $16M | $13M | $14M | $11M | $8M | $4M | $4M | $3M | $2M | |
| Current Liabilities | $107M | $63M | $70M | $61M | $53M | $50M | $47M | $28M | $24M | $21M | $17M | $14M | |
| Capital Leases | $33M | $37M | $41M | $50M | $56M | $40M | $33M | · | · | · | · | · | |
| Deferred Tax | · | $0 | $697.0K | · | $2M | $14M | $0 | · | · | · | · | · | |
| Other Non-current Liabilities | $6M | $7M | $0 | $4M | $2M | · | $14.0K | $7M | $1M | $2M | $879.0K | $199.0K | |
| Total Liabilities | $146M | $107M | $112M | $116M | $111M | $104M | $128M | $84M | $25M | $23M | $18M | $14M | |
| Long-term Debt | · | · | · | · | · | · | $49M | $50M | $0 | · | · | $0 | |
| Total Debt | · | · | · | · | · | $0 | $49M | $50M | · | · | · | · | |
| Paid-in Capital | $284M | $255M | $237M | $210M | $172M | $161M | $162M | $158M | $153M | $147M | $142M | $2M | |
| Retained Earnings | $431M | $290M | $86M | $83M | $151M | $150M | $-8M | $-44M | $-67M | $-77M | $-69M | $-53M | |
| Treasury Stock | $172M | $26M | $26M | $26M | $26M | $26M | $22M | $22M | $0 | · | · | · | |
| AOCI | $30.0K | $173.0K | $99.0K | $-2M | $-194.0K | $56.0K | $33.0K | $-178.0K | $-209.0K | $-51.0K | $-153.0K | $0 | |
| Stockholders' Equity | $543M | $519M | $297M | $266M | $297M | $286M | $132M | $92M | $85M | $70M | $73M | $-51M | |
| Liabilities + Equity | $689M | $627M | $409M | $381M | $408M | $389M | $260M | $176M | $110M | $93M | $90M | $25M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $23M | $20M | $29M | $31M | $29M | $27M | $22M | $15M | $13M | $10M | $6M | $4M | |
| Stock-based Comp | $71M | $60M | $52M | $43M | $17M | $10M | $8M | $6M | $6M | $4M | $1M | $892.0K | |
| Deferred Tax | $17M | $-87M | $-489.0K | $-597.0K | $340.0K | $29M | $-31M | $81.0K | $5.0K | $43.0K | · | · | |
| Amort. of Intangibles | $10M | $2M | $2M | $4M | $5M | $5M | $5M | $1M | $1M | $1M | $1M | $900.0K | |
| Restructuring | · | · | $10M | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | $-10M | $-9M | $-23M | $18M | $-14M | $-175M | $4M | $-5M | $860.0K | $6M | $2M | · | |
| Operating Cash Flow | $242M | $188M | $60M | $25M | $35M | $48M | $39M | $36M | $29M | $12M | $-7M | $475.0K | |
| CapEx | $3M | $2M | $9M | $7M | $8M | $19M | $8M | $2M | $2M | $4M | $4M | $2M | |
| Investing Cash Flow | $10M | $-152M | $-56M | $-6M | $-110M | $147M | $-90M | $-5M | $-23M | $-13M | $-59M | $-6M | |
| Stock Repurchased | $146M | $0 | $0 | $0 | $0 | $4M | $0 | $22M | $0 | $0 | · | · | |
| Net Stock Activity | $-146M | · | · | $0 | $0 | $-4M | $0 | $-22M | · | · | · | · | |
| Financing Cash Flow | $-188M | $-43M | $-26M | $-6M | $-7M | $-70M | $-7M | $26M | $-1M | $201.0K | $73M | $144.0K | |
| Net Change in Cash | $64M | $-7M | $-21M | $13M | $-82M | $124M | $-58M | · | · | · | · | · | |
| Taxes Paid | $29M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $239M | $186M | $51M | $19M | $27M | $29M | $31M | $34M | $27M | $7M | $-11M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | $-11M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.1% | 17.1% | 0.16% | -15.3% | -3.3% | 3.2% | 2.5% | 10.3% | 6.5% | -8.0% | -20.0% | · | |
| Net Margin | 14.8% | 25.7% | 0.44% | -14.4% | 0.29% | 51.1% | 14.2% | 10.5% | 6.8% | -7.8% | -20.9% | · | |
| Pretax Margin | 16.9% | 18.9% | 1.3% | -14.1% | 0.48% | 63.5% | 1.9% | 10.7% | 6.8% | -7.8% | -20.8% | · | |
| EBITDA Margin | 18.5% | 19.3% | 4.4% | -8.3% | 5.3% | 11.8% | 11.3% | 18.0% | 15.3% | 1.4% | -11.9% | · | |
| ROA | 21.4% | 39.4% | 0.68% | -17.3% | 0.26% | 48.8% | 16.7% | 14.0% | 9.6% | -9.0% | -27.0% | · | |
| ROE | 28.2% | 43.8% | 0.97% | -25.4% | 0.35% | 55.5% | 28.2% | 20.0% | 12.6% | -11.6% | -147.6% | · | |
| ROIC | 24.6% | 35.5% | 0.11% | -27.8% | -2.4% | 2.8% | 26.9% | 13.6% | 10.9% | -12.2% | -20.7% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.3 | 5.3 | 3.9 | 3.3 | 3.0 | 4.0 | 1.3 | 3.8 | 2.3 | 1.5 | 1.6 | · | |
| Quick Ratio | 1.3 | 1.1 | 1.0 | 1.4 | 1.3 | 3.0 | 0.5 | 2.8 | 2.1 | 1.3 | 1.4 | · | |
| Debt / Equity | · | · | · | · | · | 0.0 | 0.4 | 0.5 | · | · | · | · | |
| LT Debt / Equity | · | · | · | · | · | · | 0.4 | 0.5 | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | -18.8 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.4 | 1.5 | 1.6 | 1.2 | 0.9 | 1.0 | 1.2 | 1.3 | 1.4 | 1.2 | 1.3 | · | |
| Receivables Turnover | 31.1 | 35.3 | 33.3 | 32.4 | 31.7 | 35.2 | 39.2 | 42.7 | 48.8 | 46.3 | 46.3 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $26.17 | $21.59 | $17.04 | $13.48 | $10.07 | $8.68 | $7.20 | $5.34 | $4.09 | · | · | · | |
| Cash Flow / Share | $6.66 | $5.12 | $1.66 | $0.72 | $0.99 | $1.35 | $1.09 | $1.02 | $0.84 | · | · | · | |
| EPS (TTM) | $3.88 | $5.55 | $0.07 | $-1.95 | $0.03 | $4.44 | $1.02 | $0.56 | $0.28 | $-0.25 | $-0.73 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 19.7% | 28.0% | 31.5% | 31.3% | 15.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 26.3% | 30.3% | 26.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 25.1% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -30.1% | 7828.6% | · | · | -99.3% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | 469.8% | -74.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -2.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -30.9% | 7452.5% | · | · | -99.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | 483.3% | -74.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -2.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $951M | $794M | $620M | $472M | $359M | $310M | $256M | $190M | $144M | $106M | $75M | · | |
| Net Income TTM | $141M | $204M | $3M | $-68M | $1M | $158M | $36M | $20M | $10M | $-8M | $-16M | · | |
| P/E | 60.0 | 44.5 | 2474.9 | -54.0 | 4035.3 | 40.5 | 107.8 | 105.8 | 148.2 | -95.4 | -20.0 | · | |
| Earnings Yield | 1.7% | 2.2% | 0.04% | -1.8% | 0.02% | 2.5% | 0.93% | 0.95% | 0.67% | -1.1% | -5.0% | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $281M | $262M | $248M | $249M | $236M | $218M | $204M | $206M | $197M | $187M | $172M | $165M | $147M | $136M | $124M | $125M | |
| R&D Expense | $51M | $50M | $46M | $54M | $47M | $44M | $42M | $41M | $40M | $38M | $35M | $42M | $37M | $38M | $31M | $29M | |
| SG&A Expense | $26M | $24M | $23M | $27M | $22M | $23M | $23M | $21M | $20M | $21M | $19M | $24M | $19M | $32M | $25M | $19M | |
| Operating Expenses | $228M | $211M | $205M | $214M | $195M | $184M | $181M | $163M | $161M | $153M | $144M | $166M | $148M | $163M | $144M | $133M | |
| Operating Income | $53M | $51M | $44M | $35M | $41M | $34M | $23M | $43M | $36M | $34M | $28M | $-67.0K | $-679.0K | $-27M | $-20M | $-8M | |
| Other Non-op | $-1.0K | $569.0K | $-3.0K | $-4.0K | $-11.0K | $56.0K | $697.0K | $0 | $0 | $0 | $286.0K | $-249.0K | $-54.0K | $20.0K | $213.0K | $4M | |
| Pretax Income | $54M | $53M | $46M | $37M | $42M | $37M | $27M | $47M | $40M | $37M | $31M | $1M | $745.0K | $-25M | $-19M | $-3M | |
| Income Tax | $13M | $11M | $6M | $3M | $6M | $5M | $-76M | $14M | $10M | $-2M | $661.0K | $-25M | $20M | $10M | $513.0K | $938.0K | |
| Net Income | $42M | $42M | $40M | $34M | $36M | $31M | $103M | $33M | $30M | $39M | $30M | $26M | $-19M | $-35M | $-20M | $-4M | |
| EPS (Basic) | $1.17 | $1.19 | $1.11 | $0.94 | $1.00 | $0.86 | $2.83 | $0.91 | $0.82 | $1.07 | $0.86 | $0.74 | $-0.53 | $-0.99 | $-0.56 | $-0.12 | |
| EPS (Diluted) | $1.17 | $1.18 | $1.10 | $0.93 | $0.99 | $0.86 | $2.79 | $0.90 | $0.81 | $1.05 | $0.87 | $0.72 | $-0.53 | $-0.99 | $-0.56 | $-0.12 | |
| Shares (Basic) | 35,391,000 | 35,699,000 | · | 35,889,000 | 35,922,000 | 36,302,000 | · | 36,306,000 | 36,241,000 | 36,087,000 | · | 35,691,000 | 35,565,000 | 35,443,000 | · | 35,043,000 | |
| Shares (Diluted) | 35,461,000 | 35,812,000 | · | 36,259,000 | 36,204,000 | 36,648,000 | · | 36,756,000 | 36,742,000 | 36,674,000 | · | 36,482,000 | 35,565,000 | 35,443,000 | · | 35,043,000 | |
| EBITDA | $53M | $56M | · | $35M | $41M | $40M | · | $43M | $36M | $39M | · | $-67.0K | $-679.0K | $-20M | · | $-8M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $217M | $147M | $107M | $76M | $73M | $57M | $43M | $62M | $60M | $59M | $50M | $60M | $25M | $104M | $71M | $67M | |
| Receivables | $50M | $44M | $37M | $34M | $33M | $27M | $24M | $26M | $26M | $26M | · | $20M | $20M | $17M | · | $15M | |
| Prepaid Expense | $53M | $59M | $65M | $68M | $37M | $34M | $33M | $38M | $42M | $37M | · | $28M | $25M | $26M | · | $23M | |
| Other Current Assets | $2M | $1M | $3M | $3M | · | · | $3M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $325M | $255M | $353M | $303M | $197M | $272M | $335M | $395M | $349M | $307M | · | $240M | $209M | $212M | · | $177M | |
| PP&E (Net) | $21M | $22M | $23M | $23M | $23M | $23M | $24M | $25M | $27M | $28M | · | $27M | $27M | $26M | · | $28M | |
| PP&E (Gross) | · | · | $43M | · | · | · | $41M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $20M | · | · | · | $16M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $96M | $96M | $96M | $96M | $96M | $96M | $96M | $56M | $56M | $56M | $56M | $56M | $56M | $56M | $56M | $56M | |
| Intangibles | $34M | $36M | $39M | $41M | $44M | $46M | $49M | · | · | · | · | $3M | $4M | $4M | · | $6M | |
| Other Non-current Assets | $15M | $15M | $14M | $12M | $11M | $13M | $9M | $13M | $12M | $11M | · | $9M | $8M | $9M | · | $9M | |
| Total Assets | $648M | $581M | $689M | $640M | $567M | $565M | $627M | $523M | $479M | $439M | · | $379M | $351M | $371M | · | $385M | |
| Accounts Payable | $5M | $4M | $4M | $4M | $3M | $5M | $2M | $509.0K | $1M | $2M | · | $1M | $2M | $740.0K | · | $2M | |
| Accrued Liabilities | $27M | $21M | $21M | $19M | $18M | $16M | $15M | $15M | $16M | $14M | · | $20M | $19M | $18M | · | $16M | |
| Current Liabilities | $85M | $72M | $107M | $100M | $68M | $59M | $63M | $64M | $63M | $56M | · | $74M | $75M | $80M | · | $58M | |
| Capital Leases | $31M | $32M | $33M | $35M | $35M | $36M | $37M | $38M | $39M | $40M | · | $41M | $40M | $45M | · | $53M | |
| Other Non-current Liabilities | $7M | $6M | $6M | $7M | $9M | $8M | $7M | $8M | $5M | $3M | · | $689.0K | $11M | $5M | · | $2M | |
| Total Liabilities | $122M | $110M | $146M | $142M | $112M | $103M | $107M | $110M | $108M | $100M | · | $116M | $125M | $130M | · | $113M | |
| Paid-in Capital | $309M | $295M | $284M | $280M | $271M | $262M | $255M | $251M | $243M | $240M | · | $233M | $223M | $219M | · | $197M | |
| Retained Earnings | $515M | $473M | $431M | $391M | $357M | $321M | $290M | $187M | $154M | $125M | · | $56M | $29M | $48M | · | $103M | |
| Treasury Stock | $298M | $298M | $172M | $172M | $172M | $122M | $26M | $26M | $26M | $26M | · | $26M | $26M | $26M | · | $26M | |
| AOCI | $-12.0K | $-12.0K | $30.0K | $-74.0K | $-71.0K | $-34.0K | $173.0K | $475.0K | $-184.0K | $-115.0K | · | $-9.0K | $-587.0K | $-921.0K | · | $-3M | |
| Stockholders' Equity | $526M | $470M | $543M | $499M | $456M | $462M | $519M | $413M | $371M | $339M | $297M | $263M | $226M | $241M | $266M | $272M | |
| Liabilities + Equity | $648M | $581M | $689M | $640M | $567M | $565M | $627M | $523M | $479M | $439M | · | $379M | $351M | $371M | · | $385M |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $5M | $5M | $5M | $6M | $6M | $5M | $5M | $5M | $5M | $9M | $7M | $6M | $7M | $8M | $7M | |
| Stock-based Comp | $20M | $18M | $15M | $21M | $18M | $16M | $16M | $15M | $14M | $13M | $10M | $16M | $11M | $15M | $13M | $11M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | · | · | $700.0K | $600.0K | $600.0K | $600.0K | $900.0K | $1M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | $0 | $10M | · | · | · | · | |
| Other Non-cash | · | $-31M | · | · | · | $-16M | · | · | · | $-14M | · | · | · | $15M | · | · | |
| Operating Cash Flow | $88M | $34M | $65M | $86M | $53M | $38M | $37M | $58M | $51M | $43M | $31M | $37M | $-9M | $2M | $6M | $16M | |
| CapEx | $-3.0K | $231.0K | $1M | $1M | $275.0K | $230.0K | $195.0K | $363.0K | $38.0K | $1M | $3M | $4M | $1M | $794.0K | $597.0K | $844.0K | |
| Investing Cash Flow | $-11M | $138M | $-22M | $-72M | $24M | $81M | $-44M | $-46M | $-38M | $-23M | $-33M | $4M | $-63M | $36M | $-1M | $9M | |
| Stock Repurchased | $0 | $125M | $0 | $0 | $50M | $96M | $0 | $0 | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | · | $-125M | · | · | · | $-96M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-6M | $-132M | $-12M | $-11M | $-60M | $-105M | $-12M | $-9M | $-12M | $-10M | $-8M | $-6M | $-7M | $-5M | $-1M | $-8.0K | |
| Net Change in Cash | $70M | $40M | $31M | $3M | $17M | $14M | $-20M | $3M | $425.0K | $10M | $-10M | $35M | $-79M | $33M | $4M | $25M | |
| Free Cash Flow | · | $34M | · | · | · | $38M | · | · | · | $42M | · | · | · | $779.0K | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 18.8% | 19.4% | · | 14.1% | 17.2% | 15.5% | · | 20.7% | 18.2% | 18.2% | · | -0.04% | -0.46% | -19.5% | · | -6.2% | |
| Net Margin | 14.8% | 16.2% | · | 13.5% | 15.3% | 14.4% | · | 16.0% | 15.0% | 20.6% | · | 16.0% | -12.8% | -25.8% | · | -3.3% | |
| Pretax Margin | 19.4% | 20.2% | · | 14.7% | 17.8% | 16.9% | · | 22.6% | 20.0% | 19.8% | · | 0.89% | 0.51% | -18.5% | · | -2.6% | |
| EBITDA Margin | 18.8% | 21.3% | · | 14.1% | 17.2% | 18.4% | · | 20.7% | 18.2% | 20.7% | · | -0.04% | -0.46% | -14.4% | · | -6.2% | |
| ROA | 6.8% | 7.4% | · | 5.8% | 6.9% | 6.2% | · | 7.3% | 7.1% | 9.6% | · | 6.9% | -5.2% | -9.1% | · | -1.1% | |
| ROE | 8.5% | 9.1% | · | 7.4% | 8.7% | 7.8% | · | 9.8% | 9.9% | 13.3% | · | 9.9% | -7.7% | -13.3% | · | -1.5% | |
| ROIC | 7.7% | 8.6% | · | 6.4% | 7.6% | 6.2% | · | 7.3% | 7.3% | 10.5% | · | -0.46% | 7.6% | -15.4% | · | -3.7% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.8 | 3.5 | · | 3.0 | 2.9 | 4.6 | · | 6.2 | 5.5 | 5.5 | · | 3.2 | 2.8 | 2.7 | · | 3.1 | |
| Quick Ratio | 3.2 | 2.6 | · | 1.1 | 1.6 | 1.4 | · | 1.4 | 1.3 | 1.5 | · | 1.1 | 0.6 | 1.5 | · | 1.4 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | · | 0.4 | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | |
| Receivables Turnover | 6.8 | 7.3 | · | 8.3 | 8.1 | 8.1 | · | 9.0 | 8.6 | 8.6 | · | 9.4 | 8.1 | 8.1 | · | 9.2 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $7.93 | $7.32 | · | $6.88 | $6.51 | $5.94 | · | $5.60 | $5.37 | $5.11 | · | $4.53 | $4.14 | $3.84 | · | $3.57 | |
| Cash Flow / Share | · | $0.96 | · | · | · | $1.05 | · | · | · | $1.17 | · | · | · | $0.04 | · | · | |
| EPS (TTM) | $4.38 | $4.20 | · | $5.57 | $5.54 | $5.36 | · | $3.63 | $3.45 | $2.11 | · | $-1.36 | $-2.20 | $-2.53 | · | $-1.43 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.04B | $995M | · | $906M | $863M | $824M | · | $762M | $722M | $672M | · | $573M | $532M | $503M | · | $443M | |
| Net Income TTM | $158M | $152M | · | $204M | $203M | $197M | · | $132M | $125M | $76M | · | $-47M | $-78M | $-89M | · | $-50M | |
| P/E | 36.6 | 37.6 | · | 49.5 | 41.6 | 41.0 | · | 64.8 | 70.9 | 116.9 | · | -134.3 | -78.2 | -49.2 | · | -73.2 | |
| Earnings Yield | 2.7% | 2.7% | · | 2.0% | 2.4% | 2.4% | · | 1.5% | 1.4% | 0.86% | · | -0.74% | -1.3% | -2.0% | · | -1.4% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $951M | $794M | $620M | $472M | $359M |
| Operating Margin % | 16.1% | 17.1% | 0.16% | -15.3% | -3.3% |
| Net Income | $141M | $204M | $3M | $-68M | $1M |
| Diluted EPS | $3.88 | $5.55 | $0.07 | $-1.95 | $0.03 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 3.3 | 5.3 | 3.9 | 3.3 | 3.0 |
| Quick Ratio | 1.3 | 1.1 | 1.0 | 1.4 | 1.3 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $239M | $186M | $51M | $19M | $27M |
Institutional owners (13F) 425 filers · $4.2B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
425
Value held
$4.2B
New positions
63
Exited positions
61
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 63 (-16 vs prior Q) | 61 (-8 vs prior Q) | 156 (-29 vs prior Q) | 137 (+33 vs prior Q) | +2.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $595,691,019 | 2,560,460 | 14.09% | Shares |
| BlackRock, Inc. | $424,274,393 | 2,645,927 | 10.04% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $257,388,961 | 1,605,135 | 6.09% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $238,930,800 | 1,490,058 | 5.65% | Shares |
| Ashe Capital Management, LP | $168,033,170 | 1,047,915 | 3.98% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $166,994,583 | 1,041,438 | 3.95% | Shares |
| STATE STREET CORP | $122,849,106 | 766,131 | 2.91% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $115,744,799 | 721,826 | 2.74% | Shares |
| LONDON CO OF VIRGINIA | $112,750,940 | 703,151 | 2.67% | Shares |
| Nellore Capital Management LLC | $105,007,603 | 654,865 | 2.48% | Shares |
| MORGAN STANLEY | $93,296,220 | 581,826 | 2.21% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $81,771,465 | 509,837 | 1.93% | Shares |
| Lead Edge Capital Management, LLC | $64,084,840 | 399,656 | 1.52% | Shares |
| NEUBERGER BERMAN GROUP LLC | $63,203,236 | 394,158 | 1.50% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $56,418,667 | 351,847 | 1.33% | Shares |
| Keenan Capital, LLC | $53,646,215 | 334,557 | 1.27% | Shares |
| Invesco Ltd. | $53,571,012 | 334,088 | 1.27% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $51,626,955 | 321,989 | 1.22% | Shares |
| LONG WALK MANAGEMENT LP | $48,886,706 | 304,875 | 1.16% | Shares |
| BANK OF AMERICA CORP /DE/ | $47,635,815 | 297,074 | 1.13% | Shares |
| Caledonia (Private) Investments Pty Ltd | $46,575,582 | 290,462 | 1.10% | Shares |
| Greenstone Partners & Co., LLC | $43,874,486 | 273,617 | 1.04% | Shares |
| NORTHERN TRUST CORP | $43,229,880 | 269,597 | 1.02% | Shares |
| FMR LLC | $40,258,608 | 251,067 | 0.95% | Shares |
| GILDER GAGNON HOWE & CO LLC | $40,129,872 | 250,264 | 0.95% | Shares |
| JENNISON ASSOCIATES LLC | $38,189,920 | 238,166 | 0.90% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $37,537,935 | 234,100 | 0.89% | Shares |
| Greenstone Partners, L.P. | $36,601,032 | 132,776 | 0.87% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $36,063,356 | 224,904 | 0.85% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $29,799,444 | 185,840 | 0.70% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $27,536,140 | 176,922 | 0.65% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $26,461,758 | 165,025 | 0.63% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $24,841,743 | 154,922 | 0.59% | Shares |
| Bank of New York Mellon Corp | $23,523,746 | 146,702 | 0.56% | Shares |
| WELLS FARGO & COMPANY/MN | $22,660,070 | 141,316 | 0.54% | Shares |
| Caisse de depot et placement du Quebec | $22,119,801 | 137,947 | 0.52% | Shares |
| UBS Group AG | $22,078,912 | 137,692 | 0.52% | Shares |
| FIRST TRUST ADVISORS LP | $20,630,631 | 128,660 | 0.49% | Shares |
| AMERIPRISE FINANCIAL INC | $20,546,471 | 128,132 | 0.49% | Shares |
| Fiera Capital Corp | $20,222,861 | 126,117 | 0.48% | Shares |
| FEDERATED HERMES, INC. | $19,859,588 | 123,852 | 0.47% | Shares |
| Sone Capital Management, LLC | $18,640,848 | 116,251 | 0.44% | Shares |
| ROYAL BANK OF CANADA | $17,405,000 | 108,539 | 0.41% | Shares |
| JPMORGAN CHASE & CO | $17,095,253 | 108,071 | 0.40% | Shares |
| Point72 Asset Management, L.P. | $16,221,327 | 101,162 | 0.38% | Shares |
| BROWN CAPITAL MANAGEMENT LLC | $15,962,682 | 99,549 | 0.38% | Shares |
| RAYMOND JAMES FINANCIAL INC | $15,649,679 | 97,598 | 0.37% | Shares |
| NORGES BANK | $15,325,612 | 95,576 | 0.36% | Shares |
| CROSSLINK CAPITAL INC | $14,967,069 | 93,340 | 0.35% | Shares |
| TenCore Partners, LP | $14,154,095 | 88,270 | 0.33% | Shares |
Activists & 5%+ owners 7 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Maurice J Duca | Aug. 13, 2026 | 21.20% | Amendment | · | SEC |
| Maurice J. Duca ×3 filings | July 19, 2024 | · | Initial filing | · | SEC |
| Timothy K. Bliss ×2 filings | Dec. 15, 2023 | · | Initial filing | · | SEC |
| IGSB IVP III, LLC, IGSB Internal Venture Fund III, LLC, Investment Group of Santa Barbara, LLC, Timothy K. Bliss, Maurice J. Duca, William R. Rauth III ×2 filings | Dec. 23, 2021 | · | Initial filing | · | SEC |
| Marc Stad, Dragoneer Investment Group, LLC, Dragoneer Global Fund II, L.P. ×18 filings | Nov. 15, 2017 | · | Initial filing | · | SEC |
| William E. Oberndorf, Bill & Susan Oberndorf Foundation, Oberndorf Investments LLC, Peter C. Oberndorf, Peter Oberndorf Irrevocable Trust, dated 6/30/89, C aroline G. Oberndorf, William E. Oberndorf Irrevocable Trust, dated 6/30/89 ×2 filings | Jan. 15, 2016 | · | Initial filing | · | SEC |
| IGSB IVP II, LLC, IGSB Internal Venture Fund II, LLC, IGSB IVP III, LLC, IGSB Internal Venture Fund III, LLC, Investment Group of Santa Barbara, LLC, Timothy K. Bliss, Maurice J. Duca, William R. Rauth III ×3 filings | Dec. 31, 2015 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 35 insiders · 12 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William Shane Trigg | Chief Executive Officer | Aug. 14, 2026 S | 70,772 | 0 | 24 | $-3,099,167 |
| Jason Robert Randall | Chief Executive Officer | Dec. 17, 2021 C | 0 | 0 | 0 | $0 |
| Brian Donahoo | Chief Executive Officer | Jan. 18, 2017 S | 996,149 | 0 | 0 | $0 |
| Timothy Mathias Eaton | Chief Financial Officer | Aug. 19, 2026 S | 16,714 | 0 | 7 | $-607,414 |
| Fay Sien Goon | Chief Financial Officer | Aug. 10, 2024 F | 90,971 | 0 | 0 | $0 |
| Ida Kathleen Kane | Chief Financial Officer | May 13, 2021 M | 375 | 0 | 0 | $0 |
| Evan Pickering | General Counsel | Aug. 12, 2026 S | 5,167 | 0 | 9 | $-409,276 |
| Don Rigler | Principal Accounting Officer | Aug. 10, 2026 F | 4,025 | 0 | 2 | $-53,314 |
| Elizabeth Erin Barat | Chief People Officer | Aug. 10, 2026 F | 20,301 | 0 | 1 | $-312,761 |
| Matthew S Mazza | Chief Trust Officer | Sept. 15, 2025 S | 25,015 | 0 | 0 | $0 |
| Jonathan Walker | Founder | Nov. 10, 2022 F | 26,348 | 0 | 0 | $0 |
| Ann M Wilson | Principal Accounting Officer | Feb. 10, 2022 J | 5,911 | 0 | 0 | $0 |
| Michael Miqi Yang | Director | June 29, 2026 A | 3,776 | 0 | 0 | $0 |
| Saori Casey | Director | June 29, 2026 A | 2,358 | 0 | 0 | $0 |
| Diya Jolly | Director | June 29, 2026 A | 2,217 | 0 | 0 | $0 |
| Olivia Nottebohm | Director | June 29, 2026 A | 4,019 | 0 | 0 | $0 |
| Agnes Bundy Scanlan | Director | June 29, 2026 A | 7,343 | 0 | 0 | $0 |
| Winifred Markus Webb | Director | June 29, 2026 A | 9,225 | 0 | 0 | $0 |
| APPFOLIO INC | Director | June 29, 2026 A | 2,217 | 0 | 0 | $0 |
| Robert Donald Casey III | Director | Aug. 1, 2025 A | 28,399 | 0 | 0 | $0 |
| Andreas Von Blottnitz | Director | June 27, 2025 A | 6,764 | 0 | 0 | $0 |
| Timothy K Bliss | Director | June 9, 2025 P | 22,000 | 0 | 0 | $0 |
| Alexander Wolf | Director | Feb. 14, 2025 P | 2,000 | 0 | 0 | $0 |
| William R Rauth III | Director | Dec. 1, 2021 J | 6,698 | 0 | 0 | $0 |
| James R Peters | Director | June 27, 2019 A | 25,400 | 0 | 0 | $0 |
| Maurice J Duca | 10% owner | Aug. 21, 2026 S | 31,500 | 0 | 357 | $-43,009,330 |
| Klaus Schauser | 10% owner | Nov. 17, 2025 C | 505,000 | 0 | 0 | $0 |
| Investment Group of Santa Barbara, LLC | 10% owner | Dec. 1, 2021 J | · | 0 | 0 | $0 |
| IGSB IVP III, LLC | 10% owner | Dec. 1, 2021 J | · | 0 | 0 | $0 |
| IGSB Internal Venture Fund III, LLC | 10% owner | Dec. 1, 2021 J | · | 0 | 0 | $0 |
| Charles J Keenan IV | 10% owner | Feb. 10, 2016 C | 58,343 | 0 | 0 | $0 |
| IGSB Internal Venture Fund II, LLC | 10% owner | Dec. 18, 2015 J | · | 0 | 0 | $0 |
| IGSB IVP II, LLC | 10% owner | Dec. 18, 2015 J | · | 0 | 0 | $0 |
| Janet Kerr | · | March 10, 2026 G | 10,352 | 0 | 0 | $0 |
| OBERNDORF WILLIAM E | · | June 19, 2017 S | 286,171 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 66 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| GRPM · Invesco Exchange-Traded Fund Trust | 2.47% | 60,170 SH | Oct. 2, 2026 | Daily |
| XMHQ · Invesco Exchange-Traded Fund Trust | 0.90% | 239,360 SH | Oct. 2, 2026 | Daily |
| LSEQ · Harbor ETF Trust | 0.82% | 699 NS | July 31, 2026 | N-PORT |
| BUL · Pacer Funds Trust | 0.81% | 5,938 NS | July 31, 2026 | N-PORT |
| RFG · Invesco Exchange-Traded Fund Trust | 0.64% | 10,524 SH | Oct. 2, 2026 | Daily |
| MCOW · Pacer Funds Trust | 0.61% | 36 NS | July 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.24% | 17,370 NS | July 31, 2026 | N-PORT |
| QLV · FlexShares Trust | 0.24% | 2,184 NS | July 31, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.24% | 3,244 NS | July 31, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.20% | 23,710 SH | Aug. 19, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.19% | 911 NS | July 31, 2026 | N-PORT |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.18% | 3,644 SH | Oct. 2, 2026 | Daily |
| IGV · iShares Trust | 0.17% | 109,834 SH | Sept. 11, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 6,517 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.16% | 7,600 SH | Sept. 11, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.16% | 4,232 SH | Aug. 19, 2026 | Daily |
| IWP · iShares Trust | 0.14% | 128,445 SH | Sept. 11, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.12% | 2,645 NS | July 31, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.11% | 38,771 SH | Aug. 19, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.11% | 15,243 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.10% | 303,324 SH | Aug. 19, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.09% | 353 NS | July 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 41,872 NS | July 31, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 4,065 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.08% | 69,894 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.08% | 10,775 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.06% | 12,112 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.06% | 2,457 SH | Oct. 2, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.06% | 8,082 SH | Oct. 2, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.06% | 1,922 SH | Aug. 19, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.06% | 65,861 NS | July 31, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 7,551 NS | July 31, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.05% | 546,712 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.04% | 1,376 SH | Sept. 11, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.04% | 2,649 SH | Oct. 2, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 275,934 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.04% | 523,064 SH | Aug. 19, 2026 | Daily |
| IWR · iShares Trust | 0.03% | 93,815 SH | Sept. 11, 2026 | Daily |
| IYW · iShares Trust | 0.02% | 28,250 SH | Sept. 11, 2026 | Daily |
| IGM · iShares Trust | 0.02% | 11,293 SH | Sept. 11, 2026 | Daily |
| LRND · New York Life Investments ETF Trust | 0.02% | 432 NS | July 31, 2026 | N-PORT |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.02% | 4,016 SH | Oct. 2, 2026 | Daily |
| IWF · iShares Trust | 0.01% | 85,816 SH | Sept. 11, 2026 | Daily |
| IUSG · iShares Trust | 0.01% | 20,472 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 32,075 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 724,113 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 3,734 SH | Aug. 19, 2026 | Daily |
| VONG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 37,470 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 1,971 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 5,148 SH | Aug. 19, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.01% | 1,195 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 1,106 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 1,314 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.01% | 1,026 SH | Sept. 9, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 30,417 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 6,215 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.01% | 15,208 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 4,383 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 7,089 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 17,961 SH | Aug. 19, 2026 | Daily |
| IJH · iShares Trust | · | 842,341 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 139,351 SH | Sept. 11, 2026 | Daily |
| XJH · iShares Trust | · | 3,292 SH | Sept. 8, 2026 | Daily |
| ISCB · iShares Trust | · | 1,075 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 9,931 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 5,955 SH | Sept. 1, 2026 | Daily |
APPF Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 16 analysts
BUY
Median target
$232.50
+14.5%
4 25.0%
Strong Buy
10 62.5%
Buy
2 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
8 analysts · 2026-10-01Mean target $236.04 +16.3%
Now
Current price $202.97
Low$200.00
Mean$236.04
High$280.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| APPF | · | 60.0 | 19.7% | 14.8% | 28.2% | · |
| RIOT | $4.71B | -6.5 | 71.9% | -102.4% | -21.6% | · |
| YOU | · | · | 16.9% | 12.1% | 58.1% | · |
| DBX | $6.75B | 14.9 | -1.1% | 20.2% | -32.8% | 80.1% |
| CIFR | $5.98B | -6.9 | 48.0% | -367.2% | -105.8% | · |
| RNG | · | 60.2 | 4.8% | · | · | · |
| TTAN | · | -46.1 | 24.5% | · | · | · |
| QBTS | $9.38B | -23.6 | 178.5% | -1444.1% | -45.9% | 82.6% |
| PEGA | $10.17B | 28.0 | 16.6% | 22.5% | 55.7% | 75.9% |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
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Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Source: SEC 10-Q filed Jul 23, 2026