analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
APLD: 2—APPF: 3wins
Rule of 40
118.6APLD
33.4APPF
check_circleAPLD leads
Revenue Growth
171.1%APLD
21.5%APPF
check_circleAPLD leads
Gross Margin
1%APLD
86%APPF
check_circleAPPF leads
FCF Margin
-52.5%APLD
11.9%APPF
check_circleAPPF leads
Operating Margin
-42.6%APLD
16.6%APPF
check_circleAPPF leads
NRR
—APLD
—APPF
Metric
Rule of 40Efficiency score
APLD
118.6check_circle
APPF
33.4
Revenue GrowthYoY
APLD
171.1%check_circle
APPF
21.5%
Gross Margin% of revenue
APLD
1%
APPF
86%check_circle
FCF MarginFree cash flow
APLD
-52.5%
APPF
11.9%check_circle
Operating MarginGAAP
APLD
-42.6%
APPF
16.6%check_circle
NRRNet retention
APLD
N/A
APPF
N/A
EV / RevenueValuation multiple
APLD
30.6x
APPF
6.2xcheck_circle
Market CapUSD
APLD
$11.3Bcheck_circle
APPF
$6.0B
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 30.6x EV/Revenue versus AppFolio, Inc. at 6.2x. On the Rule of 40, Applied Digital Corp. scores 118.6 compared to AppFolio, Inc.'s 33.4, placing Applied Digital Corp. ahead in operating efficiency. Gross margins stand at Applied Digital Corp. 1% vs AppFolio, Inc. 86%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.