AppFolio Q3 revenue up 32% to $165.4M; non-GAAP operating margin improves to 16.1%

APPFOLIO INC

2023-Q3 EPS reported -$0.78 revenue$448,615,000

Revenue $165.4M (+32% YoY); GAAP operating loss narrowed to $0.1M from $7.8M.
Non-GAAP operating income $26.7M (16.1% of revenue) vs $4.7M (3.7%) a year ago.
Non-GAAP free cash flow $33.6M (20.3% of revenue), up from $11.9M (9.5%).
Platform units served grew to ~7.8M from ~7.1M in Q3 2022.
FY2023 guidance: revenue $608-612M; non-GAAP operating margin 10.5-11.0%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

APPFOLIO INC reported third quarter ended September 30, 2023 results: revenue $165.4 million. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $165.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

on creating exceptional value that powers the future of the real estate industry and sets our customers apart from the rest." Financial Highlights • Revenue: Total revenue was $165.4 million in Q3 2023, a 32% increase from $125.1 million in the Q3 2022. • Units Served: Total units on the AppFolio Property Manager platform increased to approximately 7.8 million in Q3

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Source: SEC EDGAR

accession 0001433195-23-000124

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