Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
AppFolio (APPF)
NASDAQ:APPF
Holding APPF?
Track your performance easily
Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.94Last Year’s EPS
$0.88Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 31.09%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, innovative product launches, and improved financial metrics, reflecting a positive outlook for AppFolio. However, the departure of the CFO and expected seasonal decline in revenue were noted as challenges.Company Guidance
During AppFolio's Q3 2024 earnings call, the company reported a 24% year-over-year increase in revenue, reaching $206 million. The non-GAAP operating margin expanded to 28.7%, and the free cash flow margin rose to 27.1%. The company highlighted its strategic initiatives, including the launch of FolioSpace and the acquisition of LiveEasy for $80 million, aiming to enhance the resident experience and streamline operations for property managers. AppFolio also introduced new AI-powered tools, Realm-X Assistant and Messages, which reportedly save beta customers an average of 10 hours per week, contributing to an 8% increase in renewal rates. The company's strategic focus on efficiency was evident in the reduction of sales, marketing, R&D, and G&A expenses as a percentage of revenue. AppFolio raised its full-year revenue guidance to $786-$790 million, indicating a projected annual growth rate of 27%, and adjusted its non-GAAP operating margin guidance to 24.5%-25.5%.Revenue and Growth
Revenue was up 24% year-over-year to $206 million in the third quarter. Non-GAAP operating margin expanded to 28.7% from 16.1% last year, and free cash flow margin grew to 27.1% compared to 20.3% last year.
Innovation and New Products
Unveiled FolioSpace, a next-generation resident experience, and acquired LiveEasy to enhance resident onboarding. Additionally, introduced AI-powered Realm-X solutions that automate tasks and improve operational performance, saving customers significant time.
Customer and Unit Growth
Managed approximately 8.5 million units from 20,403 customers, representing a 5% increase in customers and a 9% increase in ending units from the previous year.
Guidance and Financial Position
Raised projected full-year revenue guidance to $786 million to $790 million, implying an annual growth rate of 27%. Strong cash and investment position of $331 million at the end of the quarter.
---
APPF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
APPF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $192.07 | $212.34 | +10.55% |
| Jul 25, 2024 | $259.07 | $230.95 | -10.85% |
| Apr 25, 2024 | $216.65 | $242.75 | +12.05% |
| Jan 25, 2024 | $174.38 | $223.66 | +28.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does AppFolio (APPF) report earnings?
AppFolio (APPF) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is AppFolio (APPF) earnings time?
AppFolio (APPF) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APPF EPS forecast?
APPF EPS forecast for the fiscal quarter 2024 (Q4) is $0.94.
---