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Sep 30, 2022
Appfolio Q3 2022 Earnings Report
AppFolio's financial performance for Q3 2022 reflected revenue growth and platform expansion.
Key Takeaways
AppFolio reported a 31% increase in revenue, reaching $125.1 million, and total units on the AppFolio Property Manager platform increased to approximately 7.1 million. GAAP loss from operations was $7.8 million, while non-GAAP income from operations was $4.7 million. The company's outlook for the full year includes revenue between $462 million and $466 million.
Revenue increased by 31% to $125.1 million compared to Q3 2021.
Total units served on the AppFolio Property Manager platform grew to approximately 7.1 million.
GAAP loss from operations was $7.8 million, or 6% of revenue.
Non-GAAP income from operations was $4.7 million, or 4% of revenue.
Forward Guidance
AppFolio's outlook for fiscal year 2022 includes revenue between $462 million and $466 million, and a full year non-GAAP operating margin as a percentage of revenue is expected to be a loss of 1.5-2.5%.
Positive Outlook
- Full year revenue is expected to be in the range of $462 million to $466 million.
Challenges Ahead
- Full year non-GAAP operating margin as a percentage of revenue is expected to be a loss of 1.5-2.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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