Appfolio (APPF) Research & Development (2014 - 2026)
Appfolio's quarterly Research & Development came in at $49.6 million in Q1 2026, up 13.42% year-on-year from $43.8 million in Q1 2025, and up 8.01% quarter-over-quarter from $45.9 million in Q4 2025.
Appfolio has reported Research & Development for 13 years, with the latest figure at $49.6 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 13.42% year-over-year to $49.6 million; the trailing twelve-month figure through Mar 2026 stood at $196.3 million (up 18.08% YoY), and the FY2025 full-year result was $190.4 million, up 18.73% from the prior year.
- Research & Development for Q1 2026 stood at $49.6 million, up from $45.9 million in the prior quarter.
- The five-year high for Research & Development was $54.0 million in Q3 2025, with the low at $24.3 million in Q1 2022.
- Average Research & Development over 5 years is $39.0 million, with a median of $39.5 million recorded in 2024.
- Year-over-year, Research & Development soared 75.51% in 2022 and slipped 2.24% in 2024.
- Tracing APPF's Research & Development over 5 years: 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 climbed by 8.01% to $49.6 million in 2026.
- The last three Research & Development figures came in at $49.6 million (Q1 2026), $45.9 million (Q4 2025), and $54.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Appfolio | 5.89 Bn | 5.74 Bn | 224.71 Mn | 49.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 26.69 Mn |
| Mar 31, 2022 | 24.32 Mn |
| Dec 31, 2021 | 19.59 Mn |
| Sep 30, 2021 | 16.50 Mn |
| Jun 30, 2021 | 15.51 Mn |
| Mar 31, 2021 | 14.38 Mn |
| Dec 31, 2020 | 11.74 Mn |
| Sep 30, 2020 | 13.45 Mn |
| Jun 30, 2020 | 12.13 Mn |
| Mar 31, 2020 | 11.21 Mn |
| Dec 31, 2019 | 11.09 Mn |
| Sep 30, 2019 | 10.60 Mn |
| Jun 30, 2019 | 9.34 Mn |
| Mar 31, 2019 | 8.48 Mn |
| Dec 31, 2018 | 6.59 Mn |
| Sep 30, 2018 | 6.44 Mn |
| Jun 30, 2018 | 5.75 Mn |
| Mar 31, 2018 | 5.33 Mn |
| Dec 31, 2017 | 4.58 Mn |
| Sep 30, 2017 | 4.37 Mn |
| Jun 30, 2017 | 4.00 Mn |
| Mar 31, 2017 | 3.63 Mn |
| Dec 31, 2016 | 3.11 Mn |
| Sep 30, 2016 | 3.46 Mn |
| Jun 30, 2016 | 3.02 Mn |
| Mar 31, 2016 | 3.04 Mn |
| Dec 31, 2015 | 2.59 Mn |
| Sep 30, 2015 | 2.80 Mn |
| Jun 30, 2015 | 2.15 Mn |
| Mar 31, 2015 | 2.01 Mn |
| Dec 31, 2014 | 1.95 Mn |
| Sep 30, 2014 | 1.84 Mn |
| Jun 30, 2014 | 1.58 Mn |