Aug. 20 at 1:34 PM
$APPF — HOLD 🟡
Q2 2026 revenue reached
$290M, up 19.3%, but the stock still trades at 7.1x EV/Revenue and 38.2x EV/EBITDA, leaving valuation stretched versus the growth profile.
FCF is solid at 19.1% TTM margin with
$198.9M of levered free cash flow and
$272.9M of operating cash flow, but that cash generation is already reflected in a 49.0x trailing P/E and 25.6x forward P/E.
Balance sheet risk is low with
$221.7M of cash,
$35.8M of debt, a 3.8 current ratio, and 6.8% total debt/equity. Gross margin held at 63.5% and operating margin at 18.8%, showing quality execution without a clear re-rating catalyst.
Full research: https://lf0.com/research/appfolio-stock-analysis-appf/?utm_source=stocktwits&utm_medium=social&utm_campaign=research_distribution
