Appfolio Inc (APPF)

Financial leverage ratio

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Total assets US$ in thousands — 626,678 408,889 381,217 408,017
Total stockholders’ equity US$ in thousands — 519,290 297,312 265,546 297,381
Financial leverage ratio — 1.21 1.38 1.44 1.37

December 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $—K ÷ $—K
= —