secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001433195-23-000096
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319523000096/0001433195-23-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319523000096/appf-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001433195-23-000096

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