AppFolio Q4 Profit Beats Estimates, Shares Down 17% YTD; Forecasts $1.1B–$1.12B Revenue for 2026

AppFolio Inc. (APPF) reported Q4 net income of $39.9M ($1.10/share), or $1.39/share adjusted, surpassing the Zacks consensus of $1.22/share. Revenue hit $248.2M, above the $246.1M forecast. For full-year 2025, the property software firm posted $140.9M net profit ($3.88/share) on $950.8M revenue. It projects 2026 revenue between $1.1B and $1.12B. Despite the earnings beat, APPF shares closed at $207.10 on January 29, 2026 — down 11% year-to-date and 17% over the past 12 months.