---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-23-000096"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:17:28.659035+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AppFolio Q2 revenue up 25% to $147.1M; GAAP loss narrows sharply; issues FY23 guidance

## Summary
- Revenue $147.1M (+25% YoY); total units on platform ~7.7M (+13% YoY).
- GAAP loss from operations ($0.7M) vs ($29.9M) in Q2 2022; non-GAAP op income $9.4M (6.4% margin).
- Free cash flow $6.2M (4.2% of revenue) vs ($1.5M) in Q2 2022.
- FY23 guidance: revenue $592-598M; non-GAAP op margin 5.5-6.5%; FCF margin 6-7%.
- Cash and investments $164.0M as of June 30, 2023.

## SEC filing metadata
- accession: 0001433195-23-000096
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000096/0001433195-23-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000096/appf-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-23-000096
- JSON: https://secwatch.observer/filing/0001433195-23-000096.json
- Plain text: https://secwatch.observer/filing/0001433195-23-000096.txt

## Key facts
- Earnings Releases
  APPFOLIO INC reported fiscal year 2023 results: revenue in the range of $592 million to $598 million. Guidance initiated.
  - Period: fiscal year 2023
  - Revenue: in the range of $592 million to $598 million
  - Guidance: initiated
  - Result: guidance update
  source text: Full year revenue is expected to be in the range of $592 million to $598 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000096/0001433195-23-000096-index.htm
- Earnings Releases
  APPFOLIO INC reported second quarter ended June 30, 2023 results: revenue $147.1 million.
  - Period: second quarter ended June 30, 2023
  - Revenue: $147.1 million
  - Result: reported results
  source text: Revenue: Total revenue was $147.1 million in the second quarter of 2023, a 25% increase from $117.4 million in the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000096/0001433195-23-000096-index.htm

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