AppFolio Inc.
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ROIC.AI
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- AppFolio, Inc. provides cloud-based property management software and related services to real estate operators in the United States. The company offers AppFolio Property Manager Core, which delivers essential functionalities including accounting, leasing, marketing, and maintenance management as a system of record for small to medium-sized businesses; AppFolio Property Manager Plus, featuring advanced capabilities such as housing management, student housing management, complex accounting, and data analytics; and AppFolio Property Manager Max, providing premium tools for larger portfolios across single-family, multifamily, commercial, community associations, affordable housing, and student housing segments. Additional offerings encompass value-added services like tenant screening, electronic payments, risk mitigation, and integrations via the AppFolio Stack marketplace; the company also provides AppFolio Investment Manager, a platform for real estate fund management and syndication targeting investors and syndicators. Founded in 2006 and headquartered in Goleta, California, near Santa Barbara, AppFolio serves over 20,000 customers managing more than 8 million units, primarily in the U.S. market. Recent developments include the launch of the AppFolio Performance Platform powered by agentic AI to enhance operational efficiency, resident services, and revenue generation; robust revenue growth with third-quarter 2025 core solutions up significantly year-over-year and net cash from operations reaching 34.5% of revenue; and strategic institutional investments alongside strong customer expansion in 2024 and 2025.
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