---
schema_version: "secwatch.filing_event.v1"
accession: "0001433195-26-000021"
form_type: "8-K"
ticker: "APPF"
cik: "0001433195"
company_name: "APPFOLIO INC"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:30:33.314961+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# AppFolio Q1 revenue $262M (+20% YoY); GAAP operating income up 50%; raises FY2026 guidance

## Summary
- Revenue grew 20% YoY to $262M; GAAP operating income rose 50% to $51M (19.4% margin).
- Non-GAAP operating income increased 35% to $72M (27.3% margin).
- FY2026 revenue guidance raised to $1.110–$1.125B; non-GAAP operating margin 26–28%.
- Repurchased 703,000 shares for $125M during Q1.
- Total units under management reached 9.5M, up 8% YoY.

## SEC filing metadata
- accession: 0001433195-26-000021
- form_type: 8-K
- ticker: APPF
- cik: 0001433195
- company_name: APPFOLIO INC
- filed_at: 2026-04-23T23:59:59+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/1433195/000143319526000021/0001433195-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1433195/000143319526000021/appf-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001433195-26-000021
- JSON: https://secwatch.observer/filing/0001433195-26-000021.json
- Plain text: https://secwatch.observer/filing/0001433195-26-000021.txt

## Key facts
- Earnings Releases
  APPFOLIO INC reported first quarter ended March 31, 2026 results: revenue $262 million. Guidance raised.
  - Period: first quarter ended March 31, 2026
  - Revenue: $262 million
  - Guidance: raised
  - Result: reported results
  source text: Our ability to expand both customer value and financial performance continues to grow." Financial Highlights for First Quarter of 2026 • Revenue grew 20% year-over-year to $262 million. • Total units under management grew 8% year-over-year to 9.5 million. • GAAP operating income grew 50% to $51 million, or 19.4% of revenue, compared to $34 million, or 15.5% of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1433195/000143319526000021/0001433195-26-000021-index.htm

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