secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001433195-24-000052
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000052/0001433195-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000052/appf-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001433195-24-000052

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