AppFolio, Inc. vs SOUNDHOUND AI, INC.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q2 2026
Summary Verdict
APPF: 3—SOUN: 2wins
Rule of 40
40.6APPF
40.8SOUN
check_circleSOUN leads
Revenue Growth
29.5%APPF
99.5%SOUN
check_circleSOUN leads
Gross Margin
87%APPF
42%SOUN
check_circleAPPF leads
FCF Margin
11.2%APPF
-58.7%SOUN
check_circleAPPF leads
Operating Margin
17.4%APPF
-13.8%SOUN
check_circleAPPF leads
NRR
—APPF
—SOUN
Metric
Rule of 40Efficiency score
APPF
40.6
SOUN
40.8check_circle
Revenue GrowthYoY
APPF
29.5%
SOUN
99.5%check_circle
Gross Margin% of revenue
APPF
87%check_circle
SOUN
42%
FCF MarginFree cash flow
APPF
11.2%check_circle
SOUN
-58.7%
Operating MarginGAAP
APPF
17.4%check_circle
SOUN
-13.8%
NRRNet retention
APPF
N/A
SOUN
N/A
EV / RevenueValuation multiple
APPF
6.3xcheck_circle
SOUN
20.4x
Market CapUSD
APPF
$6.4Bcheck_circle
SOUN
$3.6B
ARR GrowthYoY
APPF
N/A
SOUN
N/A
CAC PaybackMonths to recover
APPF
N/A
SOUN
N/A
insights
Analysis
As of Q2 2026, AppFolio, Inc. trades at 6.3x EV/Revenue versus SOUNDHOUND AI, INC. at 20.4x. On the Rule of 40, AppFolio, Inc. scores 40.6 compared to SOUNDHOUND AI, INC.'s 40.8, placing SOUNDHOUND AI, INC. ahead in operating efficiency. Gross margins stand at AppFolio, Inc. 87% 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.