Jul. 23 at 8:33 PM
$APPF
Earnings momentum continues!
AppFolio reported revenue growth of 19% YoY to
$281M, while total units under management increased 8% YoY to 9.6M.
Profitability improved significantly: GAAP operating income jumped 31% to
$53M, reaching an 18.8% margin. Non-GAAP operating income rose 24% to
$76M, with a 27.1% margin. Operating cash flow reached
$88M, representing 31.2% of revenue.
CEO highlighted that trailing twelve-month revenue surpassed
$1B for the first time, with AI solutions driving stronger real estate performance.
Technically, the next key is whether price action confirms the earnings strength with volume support.
