AppFolio Q3 revenue $206M (+24% YoY); acquires LiveEasy for $80M; CFO departs

APPFOLIO INC

2024-Q3 EPS reported $2.76 revenue$590,538,000

Revenue $206M (+24% YoY); GAAP operating income $43M (20.7% of revenue) vs operating loss in Q3 2023.
Non-GAAP operating income $59M (28.7% of revenue); free cash flow $56M (27.1% of revenue).
FY2024 revenue guidance $786-790M; non-GAAP operating margin 24.5-25.5%.
Acquired LiveEasy for ~$80M cash + $6M in RSUs to enhance resident platform.
CFO Fay Sien Goon departs Oct 25; Tim Eaton appointed interim CFO.

item 1.01 item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Fay Sien Goon

Chief Financial Officer

APPF · APPFOLIO INC

Effective: 2024-10-25
Successor: Tim Eaton
Filed: October 24, 2024, 7:59 PM ET

On October 23, 2024, Fay Sien Goon, the Chief Financial Officer of the Company (who also serves as the Company’s principal financial officer and principal accounting officer), notified the Company’s Board of Directors (the “Board”) of her plans to depart the Company as of October 25, 2024 (the “Separation Date”).

Appointed (interim)

Tim Eaton

Chief Financial Officer

APPF · APPFOLIO INC

Effective: 2024-10-25
Filed: October 24, 2024, 7:59 PM ET

the Board, on October 23, 2024, appointed Tim Eaton as the Company’ interim Chief Financial Officer (and principal financial officer) effective as of the Separation Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Fay Sien Goon departed as Chief Financial Officer at APPFOLIO INC.

Action: notified plans to depart
Role: Chief Financial Officer

Exact text from the filing

On October 23, 2024, Fay Sien Goon, the Chief Financial Officer of the Company (who also serves as the Company’s principal financial officer and principal accounting officer), notified the Company’s Board of Directors (the “Board”) of her plans to depart the Company as of October 25, 2024 (the “Separation Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tim Eaton was appointed as Chief Financial Officer at APPFOLIO INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Board, on October 23, 2024, appointed Tim Eaton as the Company’ interim Chief Financial Officer (and principal financial officer) effective as of the Separation Date.

View on SEC.gov

APPFOLIO INC filing history →

Source: SEC EDGAR

accession 0001433195-24-000125

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