AppFolio Raises Full-Year Revenue Guidance Following Strong Third Quarter Results
AppFolio (APPF) reported strong third-quarter 2026 financial results, highlighted by a 19% year-over-year increase in revenue to $296 million. Driven by the adoption of digital workflows among property managers, the company raised its full-year revenue guidance to a range of $1.122 billion to $1.127 billion. While platform units grew 8% year-over-year to reach 9.8 million, management noted that unit expansion among existing customers is pacing slower than in previous periods. To counter this and capture larger enterprise portfolios, AppFolio has intentionally increased sales and marketing spend from 13% to 15% of revenue. The company maintains a strong liquidity position with $307 million in cash and investment securities, prioritizing internal platform growth over acquisitions. Management continues to focus on multiyear subscription agreements to stabilize long-term recurring revenue.
Topics: earnings report property management software revenue guidance subscription revenue