---
title: "Appfolio | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 281.12 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293661090.md"
datetime: "2026-07-23T20:10:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293661090.md)
  - [en](https://longbridge.com/en/news/293661090.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293661090.md)
generator: "portal-rs"
---

# Appfolio | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 281.12 M

Revenue: As of FY2026 Q2, the actual value is USD 281.12 M, beating the estimate of USD 277.33 M.

EPS: As of FY2026 Q2, the actual value is USD 1.17, missing the estimate of USD 1.1954.

EBIT: As of FY2026 Q2, the actual value is USD 54.41 M.

### Second Quarter 2026 Financial Highlights

#### Revenue

AppFolio, Inc. reported total revenue of $281 million for the second quarter of 2026, representing a 19% year-over-year growth. Subscription Services revenue was $59,800 thousand, while Value Added Services revenue reached $219,467 thousand. Other revenue amounted to $1,857 thousand. 

#### Operational Metrics

GAAP operating income grew 31% to $53 million, representing 18.8% of revenue in Q2 2026, compared to $41 million or 17.2% of revenue in Q2 2025. Non-GAAP operating income increased by 24% to $76 million, or 27.1% of revenue in Q2 2026, up from $62 million or 26.2% of revenue in Q2 2025. Net income for the quarter was $41,544 thousand, compared to $35,980 thousand in Q2 2025. 

#### Cash Flow

Net cash provided by operating activities was $88 million, or 31.2% of revenue, in Q2 2026, an increase from $53 million or 22.3% of revenue in Q2 2025. 

#### Unique Metrics

Total units under management grew 8% year-over-year to 9.6 million. 

### Six Months Ended June 30, 2026 Financial Highlights

#### Revenue

For the six months ended June 30, 2026, total revenue was $543,338 thousand, compared to $453,277 thousand for the same period in 2025. Subscription Services revenue was $118,022 thousand, Value Added Services revenue was $420,830 thousand, and Other revenue amounted to $4,486 thousand. 

#### Operational Metrics

GAAP income from operations was $103,725 thousand, up from $74,295 thousand in the prior year period. Non-GAAP income from operations was $147,782 thousand, compared to $114,562 thousand in 2025. GAAP operating margin was 19.1%, and non-GAAP operating margin was 27.2%. Net income was $83,968 thousand, compared to $67,363 thousand in the first six months of 2025. 

#### Cash Flow

Net cash provided by operating activities was $121,902 thousand. Net cash provided by investing activities was $127,022 thousand. Net cash used in financing activities was -$138,490 thousand. The net increase in cash, cash equivalents and restricted cash was $110,434 thousand, resulting in an end-of-period balance of $217,651 thousand. 

### Balance Sheet Highlights (as of June 30, 2026)

#### Assets

Cash and cash equivalents totaled $217,401 thousand, and total current assets were $325,185 thousand. Total assets for AppFolio, Inc. were $648,371 thousand. 

#### Liabilities and Equity

Total current liabilities were $84,882 thousand, and total liabilities were $122,229 thousand. Stockholders’ equity stood at $526,142 thousand. 

### Financial Outlook

AppFolio, Inc. is increasing its full-year revenue range for fiscal year 2026 to $1.117 - $1.127 billion. The full-year non-GAAP operating margin range as a percentage of revenue is increasing to 26.5% - 28.0%. Diluted weighted average shares outstanding are expected to be approximately 36 million for the full year.

### Related Stocks

- [APPF.US](https://longbridge.com/en/quote/APPF.US.md)

## Related News & Research

- [AppFolio 10% owner Maurice J. Duca sells $1.89 million in Class A common stock](https://longbridge.com/en/news/296832445.md)
- [AppFolio CFO Timothy Mathias Eaton sells 373 shares for $75,573.53](https://longbridge.com/en/news/296540508.md)
- [HMI Capital Management L.P. Buys Shares of 75,000 AppFolio, Inc. $APPF](https://longbridge.com/en/news/296896708.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**