AppFolio Q2 revenue $281M (+19% YoY); crosses $1B TTM; raises FY guidance

APPFOLIO INC

Revenue $281M (+19% YoY); total units under management 9.6M (+8% YoY).
GAAP operating income $53M (18.8% rev) vs $41M (17.2%) in Q2 2025; non-GAAP op income $76M (27.1% rev).
Operating cash flow $88M (31.2% rev) vs $53M (22.3%) in Q2 2025.
FY2026 revenue guidance raised to $1.117-1.127B; non-GAAP op margin raised to 26.5%-28.0%.
Crossed $1B in revenue on trailing twelve-month basis for first time.

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