---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-24-000007"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:13:58.078626+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AppFolio Q4 revenue $171.8M (+39% YoY); guides FY2024 revenue $755-765M

## Summary
- Q4 revenue $171.8M (+39% YoY); GAAP operating income $28.2M vs ($20.0M) loss.
- FY 2023 revenue $620.4M (+31%); GAAP operating income $1.0M vs ($72.4M) loss.
- Non-GAAP operating margin Q4 24.3%, FY 12.2%; free cash flow $73.6M (11.9% revenue).
- FY 2024 guidance: revenue $755-765M, non-GAAP op margin 21-23%, FCF margin 17-19%.
- Units under management 8.2M (+13% YoY).

## SEC filing metadata
- accession: 0001433195-24-000007
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433195/000143319524000007/0001433195-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319524000007/appf-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-24-000007
- JSON: https://secwatch.observer/filing/0001433195-24-000007.json
- Plain text: https://secwatch.observer/filing/0001433195-24-000007.txt

## Key facts
- Earnings Releases
  APPFOLIO INC updated its fiscal year 2024 guidance (initiated).
  - Period: fiscal year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: Based on information available as of January 25, 2024, AppFolio's outlook for fiscal year 2024 follows: • Full year revenue is expected to be $755 million to $765 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319524000007/0001433195-24-000007-index.htm
- Earnings Releases
  APPFOLIO INC reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Result: reported results
  source text: On January 25, 2024 , AppFolio, Inc. (the “Company”) issued a press release announcing its financial results for its fourth quarter and fiscal year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319524000007/0001433195-24-000007-index.htm

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