Appfolio Inc
AppFolio, Inc., together with its subsidiaries, provides cloud-based platform for the real estate industry in the United States. The company provides a cloud-based platform that assist with accounting, reporting, marketing, leasing, maintenance, workflow automation, and communication services. It offers AppFolio Property Manager Core, a platform that provides the accounting functionalities for sm… Read more
Appfolio Inc (APPF) - Net Assets
Latest net assets as of December 2025: $542.58 Million USD
Based on the latest financial reports, Appfolio Inc (APPF) has net assets worth $542.58 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($722.27 Million) and total liabilities ($179.69 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $542.58 Million |
| % of Total Assets | 75.12% |
| Annual Growth Rate | N/A |
| 5-Year Change | 82.45% |
| 10-Year Change | 678.65% |
| Growth Volatility | 38.25 |
Appfolio Inc - Net Assets Trend (2013–2025)
This chart illustrates how Appfolio Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Appfolio Inc (2013–2025)
The table below shows the annual net assets of Appfolio Inc from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $542.58 Million | +4.48% |
| 2024-12-31 | $519.29 Million | +74.66% |
| 2023-12-31 | $297.31 Million | +11.96% |
| 2022-12-31 | $265.55 Million | -10.71% |
| 2021-12-31 | $297.38 Million | +4.01% |
| 2020-12-31 | $285.92 Million | +116.69% |
| 2019-12-31 | $131.95 Million | +43.66% |
| 2018-12-31 | $91.85 Million | +7.95% |
| 2017-12-31 | $85.08 Million | +22.10% |
| 2016-12-31 | $69.68 Million | -4.15% |
| 2015-12-31 | $72.70 Million | +241.25% |
| 2014-12-31 | $-51.47 Million | -17.08% |
| 2013-12-31 | $-43.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Appfolio Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 47536400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $430.97 Million | 79.43% |
| Common Stock | $4.00K | 0.00% |
| Other Comprehensive Income | $30.00K | 0.01% |
| Other Components | $111.57 Million | 20.56% |
| Total Equity | $542.58 Million | 100.00% |
Appfolio Inc Competitors by Market Cap
The table below lists competitors of Appfolio Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Castellum AB (publ)
PINK:CWQXF
|
$3.84 Billion |
|
Vanguard International Semiconductor
TWO:5347
|
$3.84 Billion |
|
Datang International Power Generation Co Ltd Class A
SHG:601991
|
$3.85 Billion |
|
Havells India Limited
NSE:HAVELLS
|
$3.85 Billion |
|
E Ink Holdings
TWO:8069
|
$3.84 Billion |
|
Elis SA
OTCGREY:ELSSF
|
$3.84 Billion |
|
Chartwell Retirement Residences
PINK:CWSRF
|
$3.84 Billion |
|
Britvic plc
OTCQX:BTVCF
|
$3.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Appfolio Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 519,290,000 to 542,579,000, a change of 23,289,000 (4.5%).
- Net income of 140,923,000 contributed positively to equity growth.
- Share repurchases of 188,971,000 reduced equity.
- New share issuances of 951,000 increased equity.
- Other comprehensive income decreased equity by 143,000.
- Other factors increased equity by 70,529,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $140.92 Million | +25.97% |
| Share Repurchases | $188.97 Million | -34.83% |
| Share Issuances | $951.00K | +0.18% |
| Other Comprehensive Income | $-143.00K | -0.03% |
| Other Changes | $70.53 Million | +13.0% |
| Total Change | $- | 4.48% |
Book Value vs Market Value Analysis
This analysis compares Appfolio Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $-1.71 | $167.67 | x |
| 2014-12-31 | $-2.00 | $167.67 | x |
| 2015-12-31 | $3.41 | $167.67 | x |
| 2016-12-31 | $2.08 | $167.67 | x |
| 2017-12-31 | $2.42 | $167.67 | x |
| 2018-12-31 | $2.58 | $167.67 | x |
| 2019-12-31 | $3.71 | $167.67 | x |
| 2020-12-31 | $8.01 | $167.67 | x |
| 2021-12-31 | $8.33 | $167.67 | x |
| 2022-12-31 | $7.58 | $167.67 | x |
| 2023-12-31 | $8.16 | $167.67 | x |
| 2024-12-31 | $14.12 | $167.67 | x |
| 2025-12-31 | $14.94 | $167.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Appfolio Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 25.97%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.82%
- • Asset Turnover: 1.32x
- • Equity Multiplier: 1.33x
- Recent ROE (25.97%) is above the historical average (9.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.00% | -27.52% | 0.96x | 0.00x | $-2.91 Million |
| 2014 | 0.00% | -18.08% | 1.87x | 0.00x | $-3.47 Million |
| 2015 | -21.55% | -20.90% | 0.83x | 1.24x | $-22.94 Million |
| 2016 | -11.88% | -7.84% | 1.14x | 1.33x | $-15.25 Million |
| 2017 | 11.42% | 6.76% | 1.30x | 1.30x | $1.21 Million |
| 2018 | 21.74% | 10.51% | 1.08x | 1.91x | $10.78 Million |
| 2019 | 27.50% | 14.17% | 0.98x | 1.97x | $23.09 Million |
| 2020 | 55.40% | 51.09% | 0.80x | 1.36x | $129.81 Million |
| 2021 | 0.35% | 0.29% | 0.88x | 1.37x | $-28.71 Million |
| 2022 | -25.65% | -14.44% | 1.24x | 1.44x | $-94.67 Million |
| 2023 | 0.91% | 0.44% | 1.52x | 1.38x | $-27.03 Million |
| 2024 | 39.30% | 25.69% | 1.27x | 1.21x | $152.14 Million |
| 2025 | 25.97% | 14.82% | 1.32x | 1.33x | $86.67 Million |
Industry Comparison
This section compares Appfolio Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,166,100,419
- Average return on equity (ROE) among peers: -60.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Appfolio Inc (APPF) | $542.58 Million | 0.00% | 0.33x | $3.84 Billion |
| Abaxx Technologies Inc (ABXXF) | $-1.66 Million | 0.00% | 0.00x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $494.24K | -556.36% | 1.94x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $4.65 Billion | 15.57% | 0.23x | $100.66 Billion |
| Adcore Inc (ADCOF) | $-3.18 | 0.00% | 0.00x | $3.03 Million |
| ADEIA CORP (ADEA) | $446.70 Million | -41.54% | 0.09x | $2.48 Billion |
| Automatic Data Processing Inc (ADP) | $6.01 Billion | 20.87% | 4.70x | $83.68 Billion |
| Autodesk Inc (ADSK) | $569.21 Million | 5.60% | 0.55x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-23.08 Million | 0.00% | 0.00x | $0.98 |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $48.56 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.96 |