analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
APLD: 2—APPF: 3wins
Rule of 40
124.2APLD
46.3APPF
check_circleAPLD leads
Revenue Growth
171.1%APLD
21.5%APPF
check_circleAPLD leads
Gross Margin
3%APLD
84%APPF
check_circleAPPF leads
FCF Margin
-46.9%APLD
24.8%APPF
check_circleAPPF leads
Operating Margin
-4.5%APLD
15.8%APPF
check_circleAPPF leads
NRR
—APLD
—APPF
Metric
Rule of 40Efficiency score
APLD
124.2check_circle
APPF
46.3
Revenue GrowthYoY
APLD
171.1%check_circle
APPF
21.5%
Gross Margin% of revenue
APLD
3%
APPF
84%check_circle
FCF MarginFree cash flow
APLD
-46.9%
APPF
24.8%check_circle
Operating MarginGAAP
APLD
-4.5%
APPF
15.8%check_circle
NRRNet retention
APLD
N/A
APPF
N/A
EV / RevenueValuation multiple
APLD
27.0x
APPF
6.3xcheck_circle
Market CapUSD
APLD
$10.0Bcheck_circle
APPF
$6.1B
ARR GrowthYoY
APLD
N/A
APPF
N/A
CAC PaybackMonths to recover
APLD
N/A
APPF
N/A
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insights
Analysis
As of Q1 2026, Applied Digital Corp. trades at 27.0x EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, Applied Digital Corp. scores 124.2 compared to AppFolio, Inc.'s 46.3, placing Applied Digital Corp. ahead in operating efficiency. Gross margins stand at Applied Digital Corp. 3% vs AppFolio, Inc. 84%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.