analyticsVertical SaaS
Data as of Q4 2025
Summary Verdict
SOUN: 1—APPF: 4wins
Rule of 40
40.8SOUN
46.3APPF
check_circleAPPF leads
Revenue Growth
99.5%SOUN
21.5%APPF
check_circleSOUN leads
Gross Margin
42%SOUN
84%APPF
check_circleAPPF leads
FCF Margin
-58.7%SOUN
24.8%APPF
check_circleAPPF leads
Operating Margin
-13.8%SOUN
15.8%APPF
check_circleAPPF leads
NRR
—SOUN
—APPF
Metric
Rule of 40Efficiency score
SOUN
40.8
APPF
46.3check_circle
Revenue GrowthYoY
SOUN
99.5%check_circle
APPF
21.5%
Gross Margin% of revenue
SOUN
42%
APPF
84%check_circle
FCF MarginFree cash flow
SOUN
-58.7%
APPF
24.8%check_circle
Operating MarginGAAP
SOUN
-13.8%
APPF
15.8%check_circle
NRRNet retention
SOUN
N/A
APPF
N/A
EV / RevenueValuation multiple
SOUN
N/A
APPF
6.3x
Market CapUSD
SOUN
N/A
APPF
$6.1B
ARR GrowthYoY
SOUN
N/A
APPF
N/A
CAC PaybackMonths to recover
SOUN
N/A
APPF
N/A
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insights
Analysis
As of Q4 2025, SOUNDHOUND AI, INC. trades at N/A EV/Revenue versus AppFolio, Inc. at 6.3x. On the Rule of 40, SOUNDHOUND AI, INC. scores 40.8 compared to AppFolio, Inc.'s 46.3, placing AppFolio, Inc. ahead in operating efficiency. Gross margins stand at SOUNDHOUND AI, INC. 42% 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.