secwatch.observer — SEC 8-K summary
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Issuer:     APPFOLIO INC (APPF)
CIK:        0001433195
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001433195-26-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1433195/000143319526000021/0001433195-26-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1433195/000143319526000021/appf-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001433195-26-000021

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