AppFolio Q3 revenue rises 19% to $296M; FY2026 revenue guidance raised to $1.122-$1.127B

APPFOLIO INC

Revenue grew 19% year-over-year to $296 million; total units under management rose 8% to 9.8 million.
GAAP operating income $57M (19.4% of revenue), up 64% from $35M (14.1%) in Q3 2025; non-GAAP operating income $81M (27.3%), up 38% from $59M (23.5%).
Net cash from operating activities $97M, or 32.7% of revenue, versus $86M, or 34.5% of revenue, a year earlier.
FY2026 outlook: revenue raised to $1.122-$1.127B, non-GAAP operating margin 26.5%-27.5%, diluted shares ~36 million.
Chairman and CEO Shane Trigg cited customer adoption of the company's 'Real Estate Performance Management' platform; the release disclosed no EPS or net income figures.

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