Latest revenue
$262.2M
as of 2026-03-31
Latest net income
$42.4M
as of 2026-03-31
Net margin
16.2%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $5.74B
- Enterprise value
- $5.74B
- P/E (trailing)
- 40.7×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $326.04
- 52-wk low
- $142.73
- Beta
- —
- Shares out
- 34.8M
5-year trend
What this company does
PART I FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (this “Annual Report”) contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995 (the “PSLRA”), which statements involve substantial risks and uncertainties. The forward-looking statements made in this Annual Report are intended to qualify for the protection of the safe harbor provided by the PSLRA and are based primarily on our current expectations and projections about future events and trends that we believe may affect our business, financial condition, operating results, cash flows and/or…
AI summary unavailable — showing raw filing excerpt
Generated from APPF's filing dated 2026-02-05
Key risks
ITEM 1A. RISK FACTORS Investing in our securities involves risks. You should consider carefully the risks described below, together with all of the other information included in this Annual Report, as well as in our other filings with the SEC, in evaluating our business and/or an investment in our Class A common stock. If any of the following risks actually occur, our business, financial condition, operating results, cash flows and prospects could be materially and adversely affected. In that case, the trading price of our Class A common stock may decline and you might lose all or part of your investment. The risks described below are not the only risks we face. Additional risks that we…
AI summary unavailable — showing raw filing excerpt
Generated from APPF's filing dated 2026-02-05
Profitability
Operating margin
16.1%
5.8%Net margin
14.8%
42.3%Return on equity
27.1%
30.9%Return on assets
20.5%
37.2%Leverage
Debt / equity
0.33×
58.0%Debt / assets
24.6%
43.7%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $262.2M | +20.4% | $42.4M | +35.2% | 16.2% |
Q4 2025 2025-12-31 | $248.2M | +21.9% | $39.9M | -61.1% | 16.1% |
Q3 2025 2025-09-30 | $249.4M | +21.2% | $33.6M | +1.9% | 13.5% |
Q2 2025 2025-06-30 | $235.6M | +19.4% | $36.0M | +21.3% | 15.3% |
Q1 2025 2025-03-31 | $217.7M | +16.2% | $31.4M | -18.8% | 14.4% |
Q4 2024 2024-12-31 | $203.7M | — | $102.7M | — | 50.4% |
Q3 2024 2024-09-30 | $205.7M | +24.4% | $33.0M | +24.8% | 16.0% |
Q2 2024 2024-06-30 | $197.4M | +34.2% | $29.7M | +256.9% | 15.0% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Prepackaged Software · SIC 7372
Your notes
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Insider activity
Insider buying
$5.6M
Insider selling
$26.2M
Net activity
−$20.6M
Distinct insiders
10
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns APPF
Institutional value
$1.66B
Total shares held
10.8M
Distinct holders
245
-143 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 2.5M | $402.0M | +178.8K (+7.5%) | Added |
| 2 | PRINCIPAL FINANCIAL GROUP INC | 1.5M | $237.7M | +259.9K (+20.9%) | Added |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.5M | $234.4M | — | New |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 1.0M | $165.4M | — | New |
| 5 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 643.2K | $101.5M | +5.0K (+0.8%) | Added |
| 6 | DIMENSIONAL FUND ADVISORS LP | 296.6K | $46.8M | +9.6K (+3.3%) | Added |
| 7 | Fiera Capital Corp | 220.4K | $34.8M | +7.2K (+3.4%) | Added |
| 8 | Bank of New York Mellon Corp | 159.7K | $25.2M | -19.4K (-10.8%) | Trimmed |
| 9 | VANGUARD FIDUCIARY TRUST CO | 153.5K | $24.2M | — | New |
| 10 | FIRST TRUST ADVISORS LP | 123.0K | $19.4M | -59.6K (-32.6%) | Trimmed |
| 11 | Russell Investments Group, Ltd. | 119.3K | $18.8M | +33.7K (+39.3%) | Added |
| 12 | TenCore Partners, LP | 109.9K | $17.3M | — | New |
| 13 | JPMORGAN CHASE & CO | 108.1K | $16.8M | +27.4K (+34.0%) | Added |
| 14 | Invesco Ltd. | 105.7K | $16.7M | -310.5K (-74.6%) | Trimmed |
| 15 | UBS Group AG | 100.1K | $15.8M | +60.2K (+150.6%) | Added |
| 16 | WELLS FARGO & COMPANY/MN | 96.1K | $15.2M | -3.4K (-3.4%) | Trimmed |
| 17 | RIVERBRIDGE PARTNERS LLC | 88.1K | $13.9M | — | New |
| 18 | Nuveen, LLC | 77.2K | $12.2M | +14.7K (+23.5%) | Added |
| 19 | JENNISON ASSOCIATES LLC | 76.1K | $12.0M | -53.3K (-41.2%) | Trimmed |
| 20 | SEI INVESTMENTS CO | 70.5K | $11.1M | +30.5K (+76.2%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once APPF's latest filing finishes processing.