AppFolio Q3 revenue up 21% to $249M; GAAP operating income down to $35M; Chief Trust Officer to depart

APPFOLIO INC

2025-Q3 EPS reported $2.78 revenue$702,630,000

Revenue $249M (+21% YoY); total units under management 9.1M (+7% YoY).
GAAP operating income $35M (14.1% margin) vs $43M (20.7% margin) in Q3 2024.
Non-GAAP operating income $59M (23.5% margin) vs $59M (28.7% margin) in Q3 2024.
FY2025 revenue guidance $945M-$950M; non-GAAP operating margin 23.5%-24.5%.
Chief Trust Officer Matt Mazza to depart Nov 14, 2025; duties reassigned Oct 27.

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