---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-25-000140"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:17:46.559821+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001433195-25-000140
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433195/000143319525000140/0001433195-25-000140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319525000140/appf-20251030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-25-000140
- JSON: https://secwatch.observer/filing/0001433195-25-000140.json
- Plain text: https://secwatch.observer/filing/0001433195-25-000140.txt

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