AppFolio Inc. ( (APPF) ) has released its Q4 earnings. Here is a breakdown of the information AppFolio Inc. presented to its investors.
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AppFolio, Inc. is a technology company specializing in real estate industry solutions, known for its innovative platform that enhances operational efficiency and community connectivity.
AppFolio recently reported its financial results for the fourth quarter and fiscal year of 2024, highlighting a year of significant innovation and financial growth. The company has introduced new capabilities with AppFolio Realm-X and improved resident experiences, contributing to its strong market position.
For the fourth quarter of 2024, AppFolio achieved a 19% increase in revenue, reaching $204 million. The company reported a GAAP operating income of $23 million, with a non-GAAP operating income of $41 million. Additionally, AppFolio’s total units under management grew by 6%, now managing 8.7 million units. For the fiscal year 2024, revenue saw a substantial year-over-year growth of 28%, totaling $794 million. The company’s GAAP operating income rose to $136 million, a significant improvement from the previous year’s $1 million. Non-GAAP free cash flow also increased, reaching $182 million from $74 million in 2023.
Looking ahead, AppFolio anticipates continued growth, with projected revenue for fiscal year 2025 expected to be between $920 million and $940 million. The company aims to maintain a non-GAAP operating margin of 24.5% to 26.5%, reflecting its commitment to sustaining financial performance and innovation in the real estate technology sector.
