Appfolio (APPF) Operating Leases (2019 - 2026)

Appfolio (APPF) recorded quarterly Operating Leases of $32.0 million in Q1 2026, down 3.92% quarter-over-quarter from $33.3 million in Q4 2025, and down 11.97% on a YoY basis from $36.3 million in Q1 2025.

Appfolio (APPF) Operating Leases (2019 - 2026) Analysis & Trends

Appfolio's Operating Leases history runs 8 years deep, the most recent figure standing at $32.0 million for Q1 2026.

  • In Q1 2026, Operating Leases fell 11.97% year-over-year to $32.0 million; the TTM figure through Mar 2026 stood at $32.0 million (down 11.97% YoY), while the FY2025 annual figure was $33.3 million, down 20.27% from the prior year.
  • Operating Leases was $32.0 million for Q1 2026 at Appfolio, down from $33.3 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $57.1 million in Q3 2022 to a low of $32.0 million in Q1 2026.
  • Historically, Operating Leases has averaged $43.0 million across 5 years, with a median of $41.7 million in 2024.
  • The sharpest annual moves came in 2022 and 2023: Operating Leases jumped 37.49% in 2022, then retreated 26.81% in 2023.
  • A 5-year view of Operating Leases shows it stood at $50.2 million in 2022, then slipped by 10.94% to $44.7 million in 2023, then decreased by 6.69% to $41.7 million in 2024, then retreated by 20.27% to $33.3 million in 2025, then decreased by 3.92% to $32.0 million in 2026.
  • The last three Operating Leases figures came in at $32.0 million (Q1 2026), $33.3 million (Q4 2025), and $34.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn
10 Appfolio 5.66 Bn 5.50 Bn 224.71 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 31.98 Mn
Dec 31, 2025 33.29 Mn
Sep 30, 2025 34.53 Mn
Jun 30, 2025 35.18 Mn
Mar 31, 2025 36.33 Mn
Dec 31, 2024 41.75 Mn
Sep 30, 2024 41.54 Mn
Jun 30, 2024 39.45 Mn
Mar 31, 2024 44.27 Mn
Dec 31, 2023 44.74 Mn
Sep 30, 2023 44.16 Mn
Jun 30, 2023 39.55 Mn
Mar 31, 2023 45.26 Mn
Dec 31, 2022 50.24 Mn
Sep 30, 2022 57.06 Mn
Jun 30, 2022 54.04 Mn
Mar 31, 2022 56.98 Mn
Dec 31, 2021 55.73 Mn
Sep 30, 2021 56.56 Mn
Jun 30, 2021 55.50 Mn