secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001433195-25-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319525000053/0001433195-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319525000053/appf-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001433195-25-000053

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