AppFolio Q2 revenue up 34% to $197.4M; GAAP operating income $36M vs loss YoY

APPFOLIO INC

2024-Q2 EPS reported $1.86 revenue$384,805,000

Revenue of $197.4M, +34% YoY; total units under management of 8.4M (+9% YoY).
GAAP operating income $36.0M (18.3% rev) vs loss of $0.7M in Q2 2023; non-GAAP op income $51.4M (26.0% rev).
Non-GAAP free cash flow $49.4M (25.0% rev) vs $6.2M (4.2%) a year ago.
FY 2024 guidance: revenue $772M–$778M; non-GAAP op margin 23.5%–24.5%; FCF margin 22%–24%.
Diluted share count expected ~37M for full year.

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