---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-23-000124"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:22:36.762406+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001433195-23-000124
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2023-10-26T23:59:59+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/1433195/000143319523000124/0001433195-23-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000124/appf-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-23-000124
- JSON: https://secwatch.observer/filing/0001433195-23-000124.json
- Plain text: https://secwatch.observer/filing/0001433195-23-000124.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319523000124/0001433195-23-000124-index.htm

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