Appfolio Q2 2020 Earnings Report

Annouced second quarter 2020 financial results

Key Takeaways

AppFolio reported revenue of $81.04 million and net income of $19.26 million for the second quarter ended June 30, 2020.

Revenue for the quarter was $81.04 million.

Net income for the quarter was $19.26 million.

Basic net income per share was $0.56.

Diluted net income per share was $0.54.

Total Revenue

$81M

Previous year: $63.6M

+27.4%

EPS

$0.54

Previous year: $0.05

+980.0%

Gross Profit

$53.6M

Previous year: $38.5M

+39.3%

Cash and Equivalents

$53.3M

Previous year: $19.5M

+173.2%

Free Cash Flow

$18M

Previous year: $10.2M

+77.1%

Total Assets

$320M

Previous year: $226M

+41.7%

AppFolio is not providing updated full year revenue guidance for fiscal year 2020 due to the uncertainty of the COVID-19 pandemic.

Full financial data and analysis