AppFolio Q1 revenue up 38% to $187.4M; swings to GAAP operating income of $34.1M

APPFOLIO INC

2024-Q1 EPS reported $1.05 revenue$187,430,000

Revenue $187.4M (+38% YoY); total units under management 8.3M (+11%).
GAAP operating income $34.1M (18.2% rev) vs loss of $26.5M in Q1 2023.
Non-GAAP operating income $48.2M (25.7% rev) vs loss of $2.1M.
Non-GAAP free cash flow $41.0M (21.9% rev) vs negative $0.4M in prior year.
FY2024 guidance: revenue $766-774M; non-GAAP op margin 23-24%; FCF margin 21-23%.

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 0.9

APPFOLIO INC reported first quarter ended March 31, 2024 results: revenue $187.4 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $187.4 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Our deep connection to customers is paving the way for AppFolio’s continued success.” Financial Highlights for First Quarter of 2024 • Revenue grew 38% year-over-year to $187.4 million. • Total units under management grew 11% year-over-year to 8.3 million. • GAAP operating income was $34.1 million, or 18.2% of revenue, compared to an operating loss of ($26.5

View on SEC.gov

1341 earnings releases filed in the last 30 days. Browse all earnings releases →

APPFOLIO INC filing history →

Source: SEC EDGAR

accession 0001433195-24-000052

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.