analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
APPF: 3—SOUN: 2wins
Rule of 40
33.4APPF
40.8SOUN
check_circleSOUN leads
Revenue Growth
21.5%APPF
99.5%SOUN
check_circleSOUN leads
Gross Margin
86%APPF
42%SOUN
check_circleAPPF leads
FCF Margin
11.9%APPF
-58.7%SOUN
check_circleAPPF leads
Operating Margin
16.6%APPF
-13.8%SOUN
check_circleAPPF leads
NRR
—APPF
—SOUN
Metric
Rule of 40Efficiency score
APPF
33.4
SOUN
40.8check_circle
Revenue GrowthYoY
APPF
21.5%
SOUN
99.5%check_circle
Gross Margin% of revenue
APPF
86%check_circle
SOUN
42%
FCF MarginFree cash flow
APPF
11.9%check_circle
SOUN
-58.7%
Operating MarginGAAP
APPF
16.6%check_circle
SOUN
-13.8%
NRRNet retention
APPF
N/A
SOUN
N/A
EV / RevenueValuation multiple
APPF
N/A
SOUN
20.4x
Market CapUSD
APPF
N/A
SOUN
$3.6B
ARR GrowthYoY
APPF
N/A
SOUN
N/A
CAC PaybackMonths to recover
APPF
N/A
SOUN
N/A
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insights
Analysis
As of Q1 2026, AppFolio, Inc. trades at N/A EV/Revenue versus SOUNDHOUND AI, INC. at 20.4x. On the Rule of 40, AppFolio, Inc. scores 33.4 compared to SOUNDHOUND AI, INC.'s 40.8, placing SOUNDHOUND AI, INC. ahead in operating efficiency. Gross margins stand at AppFolio, Inc. 86% vs SOUNDHOUND AI, INC. 42%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.