Appfolio Inc (APPF)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 293,919 | 146,580 | 50,785 | 81,228 | 266,011 |
| Revenue | US$ in thousands | 794,202 | 627,476 | 477,223 | 360,251 | 495,865 |
| Gross profit margin | 37.01% | 23.36% | 10.64% | 22.55% | 53.65% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $293,919K ÷ $794,202K
= 37.01%
The gross profit margin of Appfolio Inc has exhibited variability over the years, as evidenced by the following data points: 53.65% as of December 31, 2020, declining to 22.55% by December 31, 2021, reaching a low of 10.64% by December 31, 2022, experiencing a slight improvement to 23.36% as of December 31, 2023, and eventually rebounding to 37.01% by December 31, 2024. The fluctuation in gross profit margin suggests changing cost structures, pricing strategies, or operational efficiencies within the company. It is crucial for stakeholders to monitor these trends to assess the company's ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2024