AppFolio, Inc. vs INNODATA INC
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q2 2026
Summary Verdict
APPF: 2—INOD: 3wins
Rule of 40
40.6APPF
76.2INOD
check_circleINOD leads
Revenue Growth
29.5%APPF
58.0%INOD
check_circleINOD leads
Gross Margin
87%APPF
35%INOD
check_circleAPPF leads
FCF Margin
11.2%APPF
18.1%INOD
check_circleINOD leads
Operating Margin
17.4%APPF
15.0%INOD
check_circleAPPF leads
NRR
—APPF
—INOD
Metric
Rule of 40Efficiency score
APPF
40.6
INOD
76.2check_circle
Revenue GrowthYoY
APPF
29.5%
INOD
58.0%check_circle
Gross Margin% of revenue
APPF
87%check_circle
INOD
35%
FCF MarginFree cash flow
APPF
11.2%
INOD
18.1%check_circle
Operating MarginGAAP
APPF
17.4%check_circle
INOD
15.0%
NRRNet retention
APPF
N/A
INOD
N/A
EV / RevenueValuation multiple
APPF
6.3xcheck_circle
INOD
7.5x
Market CapUSD
APPF
$6.4Bcheck_circle
INOD
$2.1B
ARR GrowthYoY
APPF
N/A
INOD
N/A
CAC PaybackMonths to recover
APPF
N/A
INOD
N/A
insights
Analysis
As of Q2 2026, AppFolio, Inc. trades at 6.3x EV/Revenue versus INNODATA INC at 7.5x. On the Rule of 40, AppFolio, Inc. scores 40.6 compared to INNODATA INC's 76.2, placing INNODATA INC ahead in operating efficiency. Gross margins stand at AppFolio, Inc. 87% vs INNODATA INC 35%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.