AppFolio Q1 revenue up 16% to $218M; announces $300M buyback

APPFOLIO INC

2025-Q1 EPS reported $0.86 revenue$217,702,000

Revenue of $218M (+16% YoY); GAAP operating income $34M (15.5% margin) flat vs $34M (18.2%) last year.
Non-GAAP operating income $53M (24.3% margin) vs $48M (25.7%) in Q1 2024.
Total units under management 8.8 million, up 6% YoY.
FY 2025 revenue guidance $920-940M; non-GAAP operating margin 24.5%-26.5%.
Board authorized new $300M stock repurchase program, replacing exhausted $100M program.

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