secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001433195-23-000124
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319523000124/0001433195-23-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319523000124/appf-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001433195-23-000124

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