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Appfolio
🇺🇸 NASDAQ:APPF
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•
Mar 31

Appfolio Q1 2025 Earnings Report

AppFolio reported strong revenue and customer growth in the first quarter of 2025, driven by strategic product innovation and partnerships.

Key Takeaways

AppFolio delivered solid Q1 results with revenue of $217.7 million and GAAP EPS of $0.86. Non-GAAP EPS came in at $1.21. The company highlighted customer expansion through enhanced resident-focused services powered by new partnerships.

Total Revenue
$218M
Previous year: $187M
+16.2%
EPS
$1.21
Previous year: $1.05
+15.2%
Units Under Mgmt
8.8M
Previous year: 8.3M
+6.0%
GAAP Op Margin
15.5%
Non-GAAP Op Margin
24.3%
Cash and Equivalents
$56.9M
Previous year: $59.2M
-3.9%
Total Assets
$565M
Previous year: $439M
+28.7%

Appfolio

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Forward Guidance

AppFolio expects continued revenue growth in fiscal year 2025, supported by a strong margin outlook and recent strategic moves.

Positive Outlook

  • Full year revenue guidance between $920M and $940M
  • Expected non-GAAP operating margin of 24.5% to 26.5%
  • Ongoing product innovation and customer growth
  • New strategic partnerships enhancing service offerings
  • Share repurchase program authorized at $300M

Challenges Ahead

  • Lower cash flow from operations compared to prior year
  • GAAP operating margin declined from Q1 2024
  • Revenue growth slower than some peers
  • Stock-based compensation remains high
  • Macroeconomic uncertainty may affect customer demand

Company Overview

Full financial data and analysis

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