Appfolio Q4 2024 Earnings Report
Key Takeaways
AppFolio reported a 19% year-over-year increase in revenue, reaching $204 million for Q4 2024. Total units under management grew by 6% to 8.7 million. GAAP operating income was $23 million, while non-GAAP operating income was $41 million. The company's focus on innovation and customer value contributed to its strong performance.
Revenue increased by 19% year-over-year, reaching $204 million.
Total units under management grew by 6% year-over-year to 8.7 million.
GAAP operating income was $23 million, representing 11.3% of revenue.
Non-GAAP operating income was $41 million, accounting for 20.2% of revenue.
Appfolio
Appfolio
Forward Guidance
AppFolio anticipates full year revenue to be in the range of $920 million to $940 million and a non-GAAP operating margin between 24.5% and 26.5% for fiscal year 2025.
Positive Outlook
- Full year revenue is expected to be in the range of $920 million to $940 million.
- Full year non-GAAP operating margin as a percentage of revenue is expected to be in the range of 24.5% to 26.5%.
- Diluted weighted average shares outstanding are expected to be approximately 37 million for the full year.
- Company continues to deliver value to our customers through differentiated industry-leading innovation
- Investments in AI and the resident experience are translating into meaningful outcomes for our customers
Challenges Ahead
- Forward-looking statements are subject to risks and uncertainties.
- Actual results may differ materially from expectations.
- Factors described in the company's filings with the SEC could affect future performance.
- Company undertakes no obligation to update any forward-looking statements
- Certain items that impact guidance measures are uncertain, out of our control, or cannot be reasonably predicted