secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001433195-26-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319526000006/0001433195-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319526000006/appf-20260129.htm
  HTML page:      https://secwatch.observer/filing/0001433195-26-000006

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