Growth Metrics

Appfolio (APPF) Cost of Revenue (2016 - 2025)

Appfolio's Cost of Revenue history spans 12 years, with the latest figure at $40.2 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 47.29% year-over-year to $40.2 million; the TTM value through Dec 2025 reached $295.0 million, up 23.02%, while the annual FY2025 figure was $143.9 million, 48.98% down from the prior year.
  • Cost of Revenue reached $40.2 million in Q4 2025 per APPF's latest filing, down from $91.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $91.5 million in Q3 2025 to a low of -$69.2 million in Q4 2023.
  • Average Cost of Revenue over 5 years is $42.1 million, with a median of $48.9 million recorded in 2022.
  • Peak YoY movement for Cost of Revenue: tumbled 306.47% in 2021, then surged 259.07% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at -$31.6 million in 2021, then soared by 259.07% to $50.3 million in 2022, then crashed by 237.46% to -$69.2 million in 2023, then soared by 210.1% to $76.2 million in 2024, then plummeted by 47.29% to $40.2 million in 2025.
  • Per Business Quant, the three most recent readings for APPF's Cost of Revenue are $40.2 million (Q4 2025), $91.5 million (Q3 2025), and $83.8 million (Q2 2025).