Positive context积极背景
Stocks股票 / Tech / APPF
AppFolio · Tech
APPF US listed · USD美股 · 美元
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.AppFolio, Inc. 是一家美国公司，成立于2006年，为房地产行业提供软件即服务（SaaS）应用与解决方案。
Tech
S&P 400标普400中盘
Broken growth成长受损
$204.22
-$0.21 · -0.10%
52w low52周低 $140high高 $286
Hold off — timing against you暂缓 — 时机不利
Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。
As of 2026-09-29截至 2026-09-29
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-29
Momentum (RSI 14)动量（RSI 14）
44
Neutral zone中性区域
vs 50-day average相对50日均线
+0.4% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+9.5% above上方
Long trend up长期向上
Volatility波动率
37th percentile第37百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
next report下次财报 2026-10-2931
Estimates roughly stable预期基本稳定
Mixed — beat 2 of last 4 quarters表现不稳 — 近 4 季中 2 季超预期
EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 11.7%
Financials财务数据
fiscal years财年Revenue营业收入
$950.8M2025
20202025
5-yr growth5年复合增速 25.1%
Earnings per share每股收益
$3.882025
20202025
5-yr growth5年复合增速 -2.7%
Free cash flow自由现金流
$238.9M2025
20202025
Operating margin营业利润率
16.1%
Net margin净利率
14.8%
FCF margin自由现金流利润率
25.5%
Balance-sheet quality财务体质 4/6
Return on equity股本回报率 26%
Clean稳健
Leverage杠杆
Net debt / EBITDA净债务/EBITDA-0.61
Current ratio流动比率3.31
Capital allocation资本配置
Buybacks (TTM)回购（TTM）$145.7M
Stock-based comp股权薪酬$70.8M
Debt coming due到期债务
FY2019 10-KIn the 12-month bucket following fiscal period end 2019-12-31, it reported $1.2M due — about 3% of its disclosed principal.在财年期末 2019-12-31 之后12个月的区间内，已披露到期本金为 $1.2M，约占其披露本金的 3%。
All maturity buckets are measured from fiscal period end 2019-12-31, not from today.所有到期区间均从财年期末 2019-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$1.2M
Year 2第2年
$2.5M
Year 3第3年
$2.5M
Year 4第4年
$42.5M
Year 5第5年
not reported未披露
After year 55年以后
not reported未披露
Cash reported at 2025-12-31: $106967000.截至 2025-12-31 披露的现金：$106967000。 Operating cash flow exceeded or equaled equipment spending over 2025-01-01 to 2025-12-31; no cash burn to measure.在 2025-01-01 至 2025-12-31 期间，经营现金流不低于设备支出，无可衡量的现金消耗。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001433195-20-000019, period ending报告期截至 2019-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-20T09:38:26.500577+00:00.
4/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFourLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive— absentLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— absent
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001433195-26-000011 · Filed提交日期 2026-02-05.
Cache acquired缓存获取时间: 2026-09-20T09:38:26.500577+00:00 · Evaluated as of评估截至 2026-09-29.
- Reported operating cash flow已披露经营活动现金流: $242105000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $3155000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $238950000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Rate risk runs through its market / growth beta, not a distinct duration leg.其利率风险通过市场／成长beta体现，并无独立的久期暴露。
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$2.6M net (0 buyers, 5 sellers)-$2.6M 净值（0 买家，5 卖家）
Signal history信号历史
engine events引擎事件
NEARING A LOW → DOWNTREND接近低点 → 下跌趋势
AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases)回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）
Sep 21, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 18, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 15, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 15, 2026
APPF StochRSI turned up from oversoldAPPF StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $225.95.StochRSI重回20上方 — 下行动量趋缓的最早预警。$225.95。
Sep 14, 2026
BOTTOMING → NEARING A HIGH筑底中 → 接近高点
TAKE PROFITS止盈
Sep 14, 2026
APPF took relative-strength leadershipAPPF 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $221.87.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$221.87。
Sep 9, 2026
APPF printed a daily-cycle lowAPPF 打出日线周期低点
A confirmed local low — in this cycle framework the highest-odds long-entry window. $205.65.一个已确认的局部低点 — 在本周期框架中做多胜率最高的入场窗口。$205.65。
Sep 3, 2026
APPF daily MACD crossed downAPPF 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $223.57.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$223.57。
Sep 2, 2026
Golden cross on APPFAPPF 金叉
The 50-day average crossed above the 200-day — a slow, widely-watched bullish trend signal. $224.27.50日均线上穿200日均线 — 一个滞后但广受关注的看多趋势信号。$224.27。
Showing the last 15 of显示最近15条，共 272 signals条信号
Company profile公司档案
AppFolio, Inc. is an American company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.AppFolio, Inc. 是一家美国公司，成立于2006年，为房地产行业提供软件即服务（SaaS）应用与解决方案。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Quality质量
Above market高于市场
Investment资本投入
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Above market高于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
- Margin compression despite revenue growth
- Receivables stretch
- Capital intensity rising
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
16/100 — weaker than most弱于多数
vs market, 3 months相对大盘（3个月）
93/100 — stronger than most强于多数
vs market, 6 months相对大盘（6个月）
79/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
15/100 — weaker than most弱于多数
Rank in sector行业内排名
#176 / 221
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | -4.9% | +1.3% |
| 1 Month近1月 | -8.5% | +0.9% |
| 3 Months近3月 | +31.2% | +6.1% |
| 6 Months近6月 | +31.2% | +22.3% |
| Year to date年初至今 | -11.4% | +13.8% |
| 1 Year近1年 | -26.0% | +18.5% |
| 3 Years近3年 | +17.9% | +87.8% |
Trading information交易信息
Beta vs market贝塔
0.46
Volatility rank波动率分位
37th pctile
Off 52-week high距52周高点
-27.7%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $310M | $359M | $472M | $620M | $794M | $951M |
| EPS每股收益 | $4.44 | $0.03 | $-1.95 | $0.07 | $5.55 | $3.88 |
| Free cash flow自由现金流 | $29M | $27M | $19M | $51M | $186M | $239M |
| Gross margin毛利率 | 61.6% | 59.9% | — | — | — | — |
| Net margin净利率 | 51.1% | 0.3% | -14.4% | 0.4% | 25.7% | 14.8% |
| FCF margin自由现金流利润率 | 9.4% | 7.6% | 4.0% | 8.3% | 23.4% | 25.1% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$951M
Net income净利润
$141M
Operating cash flow经营现金流
$242M
Total assets总资产
$689M
Shareholder equity股东权益
$543M
Buybacks股票回购
$146M
Returns & growth回报与增长
Return on equity股本回报率
26.0%
Return on assets资产回报率
20.5%
Profit growth利润增速
-30.9%
Asset growth资产增速
+9.9%
Accounting quality checks会计质量检查
- Earnings quality: earnings cash-backed盈利质量：盈利有现金支撑
- Working capital: receivables +267% vs sales +207% — receivables outpacing sales, revenue-quality risk营运资本：应收 +267% 对销售 +207%——应收快于销售，营收质量风险
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
44
RSI (2-day)RSI（2日）
20
vs 20-day average相对20日均线
-5.5%
vs 50-day average相对50日均线
+0.4%
vs 200-day average相对200日均线
+9.5%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down动能向下
3-day3日线
momentum down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
44/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Surprise history超预期历史
| Quarter季度 | Reported实际 | Expected预期 | Surprise超预期 |
|---|---|---|---|
| Jun 2026 | $1.23 | $1.24 | -0.8% |
| Mar 2026 | $1.24 | $1.03 | +20.4% |
| Dec 2025 | $1.14 | $0.84 | +35.7% |
| Sep 2025 | $0.98 | $1.07 | -8.4% |
Estimate revisions预期修正
Analysts covering覆盖分析师
7
Estimate direction预期调整方向
mixed分歧
Estimate change, 90 days预期变化（90天）
+2.5%
Net upgrades, 30 days净上调（30天）
+3
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$2.6M
Insider buyers vs sellers内部人买家vs卖家
0 : 5
Days to cover回补天数
8.2
Short interest change空头变化
-1.1%
Recent fund flows近期基金流向
First Trust Cloud ComputingFirst Trust Cloud Computing
trimming减持
SPDR S&P Software & ServicesSPDR S&P Software & Services
trimming减持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
Jun · 100%
Weakest month最弱月份
Sep · 25%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 33% | -4.6% | 3 |
| Feb2月 | 33% | -5.5% | 3 |
| Mar3月 | 67% | +2.6% | 3 |
| Apr4月 | 33% | -3.3% | 3 |
| May5月 | 67% | +0.9% | 3 |
| Jun6月 | 100% | +7.1% | 3 |
| Jul7月 | 67% | +12.8% | 3 |
| Aug8月 | 100% | +5.7% | 4 |
| Sep9月 | 25% | -0.4% | 4 |
| Oct10月 | 33% | -7.1% | 3 |
| Nov11月 | 67% | +1.5% | 3 |
| Dec12月 | 33% | -2.5% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。