Appfolio (APPF) Cost of Revenue (2014 - 2026)

Appfolio's Cost of Revenue history runs 13 years deep, the most recent figure standing at $37.5 million for Q1 2026.

• In Q1 2026, Cost of Revenue fell 52.83% year-over-year to $37.5 million; the TTM figure through Mar 2026 stood at $150.3 million (down 60.37% YoY), while the FY2025 annual figure was $143.9 million, down 48.98% from the prior year.
• Cost of Revenue was $37.5 million for Q1 2026 at Appfolio, down from $40.2 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $204.9 million in Q4 2024 to a low of $24.9 million in Q1 2022.
• Historically, Cost of Revenue has averaged $63.6 million across 5 years, with a median of $40.2 million in 2025.
• The sharpest annual moves came in 2022 and 2025: Cost of Revenue surged 461.07% in 2022, then sank 80.4% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $114.3 million in 2022, then jumped by 33.0% to $152.0 million in 2023, then surged by 34.83% to $204.9 million in 2024, then tumbled by 80.4% to $40.2 million in 2025, then retreated by 6.62% to $37.5 million in 2026.
• The last three Cost of Revenue figures came in at $37.5 million (Q1 2026), $40.2 million (Q4 2025), and $35.9 million (Q3 2025), per Business Quant data.