Appfolio (APPF) Research & Development (2014 - 2026)
Appfolio (APPF) posted Research & Development of $51.0 million for Q2 2026, up 2.76% on a QoQ basis from $49.6 million in Q1 2026, and up 9.26% year-over-year from $46.7 million in Q2 2025.
Analysis
Appfolio (APPF) Research & Development (2014 - 2026) Analysis & Trends
Appfolio has reported Research & Development for 13 years, with the latest figure at $51.0 million in Q2 2026.
- On a quarterly basis, Research & Development rose 9.26% year-over-year to $51.0 million in Q2 2026; TTM through Jun 2026 was $200.6 million, a 15.7% increase from a year earlier, with the FY2025 full-year figure at $190.4 million, up 18.73% from the prior year.
- Research & Development was $51.0 million for Q2 2026 at Appfolio, up from $49.6 million in the prior quarter.
- The five-year high for Research & Development was $54.0 million in Q3 2025, with the low at $24.9 million in Q1 2022.
- Average Research & Development over 5 years is $39.7 million, with a median of $40.1 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Research & Development jumped 56.19% in 2022, then decreased 2.24% in 2024.
- Over 5 years, Research & Development stood at $31.2 million in 2022, then climbed by 11.86% to $34.8 million in 2023, then climbed by 21.38% to $42.3 million in 2024, then gained by 8.64% to $45.9 million in 2025, then rose by 10.98% to $51.0 million in 2026.
- The last three Research & Development figures came in at $51.0 million (Q2 2026), $49.6 million (Q1 2026), and $45.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Costar | 12.52 Bn | 11.27 Bn | 728.00 Mn | 395.00 Mn |
| 2 | Zillow | 7.78 Bn | 7.10 Bn | 562.00 Mn | 249.00 Mn |
| 3 | Appfolio | 7.58 Bn | 7.36 Bn | 178.53 Mn | 51.00 Mn |
| 4 | Fangdd Network | 3.79 Bn | 3.69 Bn | - | - |
| 5 | SmartRent | 256.76 Mn | 164.10 Mn | 16.22 Mn | 5.58 Mn |
| 6 | DeFi Development | 179.51 Mn | 173.23 Mn | 3.29 Mn | 120,000.00 |
| 7 | 3 E Network Technology | 619,891.97 | -278,983.03 | - | - |
Historic Data
Download Data
Historic 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 |