analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
APPF: 1—VRNS: 4wins
Rule of 40
33.4APPF
75.4VRNS
check_circleVRNS leads
Revenue Growth
21.5%APPF
25.5%VRNS
check_circleVRNS leads
Gross Margin
86%APPF
182%VRNS
check_circleVRNS leads
FCF Margin
11.9%APPF
49.9%VRNS
check_circleVRNS leads
Operating Margin
16.6%APPF
-54.2%VRNS
check_circleAPPF leads
NRR
—APPF
—VRNS
Metric
Rule of 40Efficiency score
APPF
33.4
VRNS
75.4check_circle
Revenue GrowthYoY
APPF
21.5%
VRNS
25.5%check_circle
Gross Margin% of revenue
APPF
86%
VRNS
182%check_circle
FCF MarginFree cash flow
APPF
11.9%
VRNS
49.9%check_circle
Operating MarginGAAP
APPF
16.6%check_circle
VRNS
-54.2%
NRRNet retention
APPF
N/A
VRNS
N/A
EV / RevenueValuation multiple
APPF
N/A
VRNS
11.6x
Market CapUSD
APPF
N/A
VRNS
$3.3B
ARR GrowthYoY
APPF
N/A
VRNS
N/A
CAC PaybackMonths to recover
APPF
N/A
VRNS
N/A
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Analysis
As of Q1 2026, AppFolio, Inc. trades at N/A EV/Revenue versus VARONIS SYSTEMS INC at 11.6x. On the Rule of 40, AppFolio, Inc. scores 33.4 compared to VARONIS SYSTEMS INC's 75.4, placing VARONIS SYSTEMS INC ahead in operating efficiency. Gross margins stand at AppFolio, Inc. 86% vs VARONIS SYSTEMS INC 182%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.