AppFolio Inc. ( (APPF) ) has released its Q1 earnings. Here is a breakdown of the information AppFolio Inc. presented to its investors.
AppFolio, Inc. is a technology company that specializes in providing innovative solutions for the real estate industry, enhancing operational efficiency and community connectivity for its clients. In its first quarter of 2025, AppFolio reported a 16% increase in revenue year-over-year, reaching $218 million, driven by strong new business and strategic partnerships. The company’s total units under management grew by 6% to 8.8 million, reflecting its expanding market presence. Despite maintaining a GAAP operating income of $34 million, the operating margin slightly decreased to 15.5% from 18.2% in the previous year. Non-GAAP operating income saw an increase to $53 million, indicating effective cost management and operational efficiency. AppFolio’s strategic initiatives, including the acquisition of LiveEasy and collaborations with Zillow and Second Nature, have bolstered its resident strategy, positioning the company for future growth. Looking ahead, AppFolio expects its full-year revenue to range between $920 million and $940 million, with a non-GAAP operating margin anticipated to be between 24.5% and 26.5%. The company has also announced a $300 million stock repurchase program, reflecting confidence in its long-term growth prospects.