{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"AppFolio: Beat, Raised, Crossed $1B — Yet Near 52-Week Lows; Our Call: BUY (APPF Q2 2026)","slug":"appfolio-beat-raised-crossed-1b-yet-near-52-week-lows-our-call-buy-appf-q2-2026","published_at":"2026-07-24T05:53:42+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/appfolio-beat-raised-crossed-1b-yet-near-52-week-lows-our-call-buy-appf-q2-2026","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/appfolio-beat-raised-crossed-1b-%e2%80%94-yet-near-52-week-lows-our-call-buy-appf-q2-2026/","audio_url":"https://mcdn.podbean.com/mf/web/65cxvpy42zj2de6k/audio_z.mp3","summary":"AppFolio (APPF) Q2 2026 — AppFolio (APPF), the software platform that runs the property-management industry, reported a strong Q2 2026: revenue grew 19% to $281.1M, non-GAAP EPS of $1.71 beat the $1.69 estimate, GAAP operating income rose 31% to $53M (an 18.8% margin), the non-GAAP operating margin expanded to 27.1%, and operating cash flow hit $88M — over 31% of revenue. Total units under management grew 8% to 9.6M, the company crossed $1 billion in trailing-twelve-month revenue for the first time, and management RAISED full-year guidance to $1.117–1.127B in revenue and a 26.5–28.0% non-GAAP operating margin. The balance sheet is net cash (~$222M, zero debt). And yet the stock trades near $164 — roughly 50% below its $326 high and close to a 52-week low — as revenue growth decelerates from the 30s to the high-teens and the multiple de-rates. The honest asterisk: non-GAAP EPS ($1.71) sits well above GAAP diluted EPS ($1.17), a gap driven mostly by stock-based compensation (~7% of revenue). Our owner-earnings DCF, treating stock comp as the real cost it is, lands a base fair value near $190 — about 16% above the price, with a compounder path into the $230s. Our call: BUY, 3 out of 5 — disciplined, not euphoric. AppFolio (NASDAQ: APPF) is the under-appreciated leader in vertical software for property management — the operating system landlords and management firms use to run leasing, accounting, maintenance, tenant screening and payments across 9.6 million rental units. Q2 2026 was, by every operating measure, excellent: revenue grew 19% to $281.1M, non-GAAP EPS of $1.71 beat the $1.69 estimate, GAAP operating income jumped 31% to $53M, the non-GAAP operating margin expanded to 27.1%, operating cash flow was $88M (31% of revenue), the company crossed $1B in trailing reve…","meta_description":"AppFolio (APPF) Q2 2026 — AppFolio (APPF), the software platform that runs the property-management industry, reported a strong Q2 2026: revenue grew 19% t…","key_points":[],"chapters":[],"topics":[],"duration_seconds":826,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/appfolio-beat-raised-crossed-1b-yet-near-52-week-lows-our-call-buy-appf-q2-2026/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/appfolio-beat-raised-crossed-1b-yet-near-52-week-lows-our-call-buy-appf-q2-2026.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}