secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001433195-22-000110
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppFolio Q3 revenue up 31% to $125.1M; units served exceed 7.1M; GAAP loss $7.8M
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- Revenue $125.1M (+31% YoY); non-GAAP op income $4.7M vs $3.8M in Q3 2021.
- Units on Property Manager platform ~7.1M, up from 6.0M YoY (second consecutive quarter of >1M unit growth).
- GAAP loss from operations $7.8M (6% of revenue) vs break-even in Q3 2021.
- Non-GAAP free cash flow $11.9M (10% of rev) vs $6.8M (7%) in prior year; cash and securities $184.5M.
- FY 2022 outlook: revenue $462-466M, non-GAAP op margin loss 1.5-2.5%, weighted shares ~35M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319522000110/0001433195-22-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319522000110/appf-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001433195-22-000110

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