---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-26-000006"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:22:38.642214+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AppFolio Q4 revenue up 22% YoY to $248M; units grow 8% to 9.4M

## Summary
- GAAP operating income $44M (17.6% of rev) vs $23M (11.3%) in Q4 2024.
- Non-GAAP operating margin 24.9% of revenue, up from 20.2% a year ago.
- FY2025 revenue $951M (+20% YoY); net cash from ops $242M (+29% YoY).
- FY2026 revenue guidance $1.10B-$1.12B; non-GAAP op margin 25.5%-27.5%.
- Total units under management 9.4M at year-end, up 8% YoY.

## SEC filing metadata
- accession: 0001433195-26-000006
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1433195/000143319526000006/0001433195-26-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319526000006/appf-20260129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-26-000006
- JSON: https://secwatch.observer/filing/0001433195-26-000006.json
- Plain text: https://secwatch.observer/filing/0001433195-26-000006.txt

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