---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-23-000049"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:45:50.129737+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AppFolio Q1 revenue up 29% to $136.1M; narrows non-GAAP op loss to $2.1M; guides FY rev $570-580M

## Summary
- Revenue $136.1M (+29% YoY); GAAP op loss $26.5M (19.5% rev) vs $14.7M (13.9%) Q1'22.
- Non-GAAP op loss narrowed to $2.1M (1.6% rev) from $5.6M (5.3%); free cash flow -$0.4M vs -$7.6M.
- Units on AppFolio Property Manager rose to ~7.5M from ~6.6M YoY; cash $181.7M.
- FY2023 outlook: rev $570-580M, non-GAAP op margin 1-2%, FCF margin 2.5-3.5%, ~36M diluted shares.

## SEC filing metadata
- accession: 0001433195-23-000049
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000049/0001433195-23-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000049/appf-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-23-000049
- JSON: https://secwatch.observer/filing/0001433195-23-000049.json
- Plain text: https://secwatch.observer/filing/0001433195-23-000049.txt

## Key facts
- Earnings Releases
  APPFOLIO INC reported fiscal year 2023 results: revenue $570 million to $580 million. Guidance initiated.
  - Period: fiscal year 2023
  - Revenue: $570 million to $580 million
  - Guidance: initiated
  - Result: guidance update
  source text: Full year revenue is expected to be in the range of $570 million to $580 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000049/0001433195-23-000049-index.htm
- Earnings Releases
  APPFOLIO INC reported the first quarter ended March 31, 2023 results: revenue $136.1 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $136.1 million
  - Result: reported results
  source text: Total revenue was $136.1 million in the first quarter of 2023, a 29% increase from $105.3 million in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000049/0001433195-23-000049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.