---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-25-000053"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:55:45.958990+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001433195-25-000053
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433195/000143319525000053/0001433195-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319525000053/appf-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-25-000053
- JSON: https://secwatch.observer/filing/0001433195-25-000053.json
- Plain text: https://secwatch.observer/filing/0001433195-25-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.