secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001433195-24-000103
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000103/0001433195-24-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000103/appf-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001433195-24-000103

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer