Appfolio (APPF) Research & Development (2014 - 2026)
Appfolio (APPF) posted quarterly Research & Development of $51.0 million for Q2 2026, up 9.26% year-on-year from $46.7 million in Q2 2025, and up 2.76% on a QoQ basis from $49.6 million in Q1 2026.
Appfolio (APPF) Research & Development (2014 - 2026) Analysis & Trends
Appfolio (APPF) has reported Research & Development for 13 consecutive years, with $51.0 million the latest figure, recorded in Q2 2026.
- Quarterly Research & Development rose 9.26% year-over-year to $51.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $200.6 million (up 15.7% YoY) and the FY2025 annual result came in at $190.4 million, up 18.73% from the prior year.
- Research & Development grew to $51.0 million in Q2 2026 per APPF's latest filing, from $49.6 million in the prior quarter.
- Over the last five years, Research & Development for APPF reached as high as $54.0 million in Q3 2025 and fell as low as $24.9 million in Q1 2022.
- A 5-year average of $39.7 million and a median of $40.1 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development jumped 56.19% — and 2024, when it decreased 2.24%.
- Year by year, Research & Development stood at $31.2 million in 2022, then grew by 11.86% to $34.8 million in 2023, then grew by 21.38% to $42.3 million in 2024, then advanced by 8.64% to $45.9 million in 2025, then gained by 10.98% to $51.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $51.0 million, $49.6 million, and $45.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Appfolio | 5.85 Bn | 5.70 Bn | 178.53 Mn | 51.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.00 Mn |
| Mar 31, 2026 | 49.63 Mn |
| Dec 31, 2025 | 45.95 Mn |
| Sep 30, 2025 | 54.04 Mn |
| Jun 30, 2025 | 46.67 Mn |
| Mar 31, 2025 | 43.76 Mn |
| Dec 31, 2024 | 42.30 Mn |
| Sep 30, 2024 | 40.66 Mn |
| Jun 30, 2024 | 39.52 Mn |
| Mar 31, 2024 | 37.90 Mn |
| Dec 31, 2023 | 34.85 Mn |
| Sep 30, 2023 | 41.59 Mn |
| Jun 30, 2023 | 37.26 Mn |
| Mar 31, 2023 | 37.66 Mn |
| Dec 31, 2022 | 31.15 Mn |
| Sep 30, 2022 | 28.96 Mn |
| Jun 30, 2022 | 27.00 Mn |
| Mar 31, 2022 | 24.92 Mn |
| Dec 31, 2021 | 19.95 Mn |
| Sep 30, 2021 | 19.36 Mn |