Appfolio annual free cash flow
2013
2014
2015
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2021
2022
2023
2024
2025
Appfolio Free Cash Flow (FCF) History (APPF)
Appfolio reported $238.9M in free cash flow for fiscal 2025, an increase of 28.37% from the previous fiscal year, with a free cash flow margin of 25.13%.
View full Appfolio company overviewAppfolio free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $238.9M | $52.8M | +28.37% | +25.13% |
| 2024 | 2024-12-31 | $186.1M | $134.9M | +263.26% | +23.44% |
| 2023 | 2023-12-31 | $51.2M | $32.4M | +172.20% | +8.26% |
| 2022 | 2022-12-31 | $18.8M | −$8.5M | −31.01% | +3.99% |
| 2021 | 2021-12-31 | $27.3M | −$2.0M | −6.74% | +7.59% |
| 2020 | 2020-12-31 | $29.3M | −$1.5M | −5.01% | +9.44% |
| 2019 | 2019-12-31 | $30.8M | −$3.4M | −9.84% | +12.03% |
| 2018 | 2018-12-31 | $34.2M | $7.0M | +25.81% | +17.98% |
| 2017 | 2017-12-31 | $27.2M | $19.9M | +274.17% | +18.88% |
| 2016 | 2016-12-31 | $7.3M | $17.8M | — | +6.87% |
| 2015 | 2015-12-31 | −$10.5M | −$9.1M | — | −14.05% |
| 2014 | 2014-12-31 | −$1.4M | $4.2M | — | −2.94% |
| 2013 | 2013-12-31 | −$5.6M | — | — | −21.21% |
Appfolio quarterly free cash flow
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $87.6M | $35.2M | +67.28% | +31.16% |
| Q1 2026 | 2026-03-31 | $34.1M | −$4.2M | −10.90% | +12.99% |
| Q4 2025 | 2025-12-31 | $63.7M | $27.3M | +75.07% | +25.66% |
| Q3 2025 | 2025-09-30 | $84.7M | $27.3M | +47.49% | +33.96% |
| Q2 2025 | 2025-06-30 | $52.4M | $1.5M | +3.02% | +22.23% |
| Q1 2025 | 2025-03-31 | $38.2M | −$3.3M | −7.94% | +17.56% |
| Q4 2024 | 2024-12-31 | $36.4M | $8.3M | +29.55% | +17.86% |
| Q3 2024 | 2024-09-30 | $57.4M | $24.4M | +73.98% | +27.90% |
| Q2 2024 | 2024-06-30 | $50.8M | $61.4M | — | +25.75% |
| Q1 2024 | 2024-03-31 | $41.5M | $40.8M | +5231.71% | +22.16% |
| Q4 2023 | 2023-12-31 | $28.1M | $22.6M | +411.93% | +16.34% |
| Q3 2023 | 2023-09-30 | $33.0M | $17.8M | +117.67% | +19.94% |
| Q2 2023 | 2023-06-30 | −$10.6M | −$12.9M | — | −7.21% |
| Q1 2023 | 2023-03-31 | $779,000 | $4.9M | — | +0.57% |
| Q4 2022 | 2022-12-31 | $5.5M | −$511,000 | −8.52% | +4.42% |
| Q3 2022 | 2022-09-30 | $15.2M | $1.7M | +12.82% | +12.12% |
| Q2 2022 | 2022-06-30 | $2.3M | −$11.0M | −82.95% | +1.92% |
| Q1 2022 | 2022-03-31 | −$4.1M | $1.3M | — | −3.87% |
| Q4 2021 | 2021-12-31 | $6.0M | $5.4M | +905.87% | +6.27% |
| Q3 2021 | 2021-09-30 | $13.4M | −$2.2M | −13.84% | +14.02% |
| Q2 2021 | 2021-06-30 | $13.2M | −$4.7M | −26.40% | +14.86% |
| Q1 2021 | 2021-03-31 | −$5.4M | −$466,000 | — | −6.81% |
| Q4 2020 | 2020-12-31 | $596,000 | −$10.9M | −94.82% | +0.82% |
| Q3 2020 | 2020-09-30 | $15.6M | $5.7M | +57.37% | +18.55% |
| Q2 2020 | 2020-06-30 | $18.0M | $7.9M | +77.61% | +22.18% |
| Q1 2020 | 2020-03-31 | −$4.9M | −$4.2M | — | −6.77% |
| Q4 2019 | 2019-12-31 | $11.5M | $200,000 | +1.77% | +17.08% |
| Q3 2019 | 2019-09-30 | $9.9M | $1.5M | +18.16% | +14.59% |
| Q2 2019 | 2019-06-30 | $10.1M | −$1.3M | −11.16% | +15.91% |
| Q1 2019 | 2019-03-31 | −$735,000 | −$3.8M | — | −1.29% |
| Q4 2018 | 2018-12-31 | $11.3M | $4.0M | +55.27% | +22.45% |
| Q3 2018 | 2018-09-30 | $8.4M | −$460,000 | −5.20% | +16.73% |
| Q2 2018 | 2018-06-30 | $11.4M | $3.8M | +49.66% | +24.12% |
| Q1 2018 | 2018-03-31 | $3.1M | −$336,000 | −9.84% | +7.27% |
| Q4 2017 | 2017-12-31 | $7.3M | $1.2M | +19.46% | +19.21% |
| Q3 2017 | 2017-09-30 | $8.8M | $6.9M | +354.39% | +23.34% |
| Q2 2017 | 2017-06-30 | $7.6M | $5.8M | +313.13% | +21.22% |
| Q1 2017 | 2017-03-31 | $3.4M | $6.0M | — | +10.63% |
| Q4 2016 | 2016-12-31 | $6.1M | $10.6M | — | +21.76% |
| Q3 2016 | 2016-09-30 | $1.9M | $3.6M | — | +6.91% |
| Q2 2016 | 2016-06-30 | $1.8M | $4.2M | — | +7.03% |
| Q1 2016 | 2016-03-31 | −$2.6M | −$695,000 | — | −11.32% |
| Q4 2015 | 2015-12-31 | −$4.5M | −$5.3M | — | −22.21% |
| Q3 2015 | 2015-09-30 | −$1.7M | — | — | −8.33% |
| Q2 2015 | 2015-06-30 | −$2.4M | — | — | −12.94% |
| Q1 2015 | 2015-03-31 | −$1.9M | — | — | −12.19% |
| Q3 2014 | 2014-09-30 | $820,000 | — | — | +6.30% |
Appfolio free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $29.3M to $238.9M, a compound annual growth rate of 52.20%. Appfolio's latest reported quarter, Q2 2026, generated $87.6M in free cash flow, an increase of 67.28% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Appfolio filings at SEC.gov ↗