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Appfolio (APPF) Research & Development (2016 - 2025)

Appfolio's Research & Development history spans 12 years, with the latest figure at $45.9 million for Q4 2025.

  • For Q4 2025, Research & Development rose 8.64% year-over-year to $45.9 million; the TTM value through Dec 2025 reached $190.4 million, up 18.73%, while the annual FY2025 figure was $190.4 million, 18.73% up from the prior year.
  • Research & Development reached $45.9 million in Q4 2025 per APPF's latest filing, down from $54.0 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $54.0 million in Q3 2025 to a low of $14.4 million in Q1 2021.
  • Average Research & Development over 5 years is $34.0 million, with a median of $37.5 million recorded in 2023.
  • Peak YoY movement for Research & Development: surged 75.51% in 2022, then decreased 2.24% in 2024.
  • A 5-year view of Research & Development shows it stood at $19.6 million in 2021, then skyrocketed by 59.01% to $31.2 million in 2022, then rose by 11.86% to $34.8 million in 2023, then rose by 21.38% to $42.3 million in 2024, then grew by 8.64% to $45.9 million in 2025.
  • Per Business Quant, the three most recent readings for APPF's Research & Development are $45.9 million (Q4 2025), $54.0 million (Q3 2025), and $46.7 million (Q2 2025).