Appfolio Inc (APPF)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 161,112 150,322 963 -72,370 -11,878
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands — 519,290 297,312 265,546 297,381
Return on total capital — 28.95% 0.32% -27.25% -3.99%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $161,112K ÷ ($—K + $—K)
= —