AppFolio, Inc. (NASDAQ: APPF) reported its financial results for the second quarter ended June 30, 2026. The company posted total revenue of $197.3 million, an increase of 18% compared to the same period last year, driven by strong demand for its cloud-based property management software.
Net income for the quarter was $28.5 million, or $0.76 per diluted share, compared to net income of $22.1 million, or $0.60 per diluted share, in Q2 2025. The company attributed the growth to higher subscription revenue and increased customer adoption of its value-added services.
AppFolio's CEO, Jason Randall, stated, 'Our second quarter results reflect continued momentum in the property management market as customers seek to digitize operations. We are pleased with the 18% revenue growth and the expansion of our customer base.'
For the third quarter of 2026, AppFolio expects revenue in the range of $200 million to $203 million. The company also raised its full-year 2026 revenue guidance to between $790 million and $795 million, up from previous estimates.
