Loading...
•
Sep 30, 2025
Appfolio Q3 2025 Earnings Report
Appfolio reported strong third quarter 2025 financial results with significant revenue and units under management growth, driven by customer acquisition, expansion, and Realm-X adoption.
Key Takeaways
AppFolio delivered a strong third quarter in 2025, with revenue increasing 21% year-over-year to $249 million and total units under management growing 7% to 9.1 million. The company achieved GAAP operating income of $35 million and non-GAAP operating income of $59 million, while net cash provided by operating activities reached $86 million.
Revenue grew 21% year-over-year, reaching $249 million in Q3 2025.
Total units under management increased by 7% year-over-year, totaling 9.1 million.
GAAP operating income was $35 million, representing 14.1% of revenue.
Non-GAAP operating income was $59 million, or 23.5% of revenue.
Revenue by Segment
Forward Guidance
AppFolio expects full-year 2025 revenue to be between $945 million and $950 million, with non-GAAP operating margin projected to be in the range of 23.5% to 24.5%. Diluted weighted average shares outstanding are expected to be approximately 36 million for the full year.
Positive Outlook
- Full year revenue expected to be strong, in the range of $945 million to $950 million.
- Non-GAAP operating margin for the full year is projected to be healthy, between 23.5% and 24.5%.
- Continued focus on customer acquisition and expansion, driving future growth.
- Realm-X adoption through premium tiers and value-added services is a key growth driver.
- Performance Platform, built on an AI-native architecture, is expected to drive real performance outcomes for customers.
Challenges Ahead
- GAAP equivalent guidance for non-GAAP operating margin is not provided due to uncertainties.
- Certain items impacting non-GAAP operating margin are out of control or cannot be reasonably predicted.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...