secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001433195-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000125/0001433195-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319524000125/appf-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001433195-24-000125

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