Financial Data and Key Metrics - Revenue increased 24% year-over-year to $206 million in Q3 2024 [5] - Non-GAAP operating margin expanded to 29% in Q3 2024 [5] - Non-GAAP free cash flow margin grew to 27% in Q3 2024 [5] - Core solutions revenue was $46 million in Q3, a 15.8% year-over-year increase [14] - Value-added services revenue grew 28% year-over-year to $158 million in Q3 [15] - Managed approximately 8.5 million units from 20,403 customers, a 5% increase in customers and a 9% increase in ending units compared to the previous year [15] - Non-GAAP operating margin grew to 28.7% compared to 16.1% last year [18] - Free cash flow margin was 27.1% compared to 20.3% in Q3 2023 [18] - Strong cash and investment position of $331 million at the end of the quarter [18] Business Line Data and Key Metrics - Core solutions revenue driven by new customers and additional total units on platform [14] - Growth in adoption of AppFolio Property Manager Plus and Max [14] - Value-added services growth primarily from higher usage of the online payments platform and the decision to stop waiving eCheck fees in August 2023 [15] - Risk mitigation and screening services grew in line with seasonal expectations [15] Market Data and Key Metrics - The company continues to emphasize residential portfolios, with a 9% increase in ending units [15] - Demand for screening services and risk mitigation products is seasonally higher in Q2 and Q3 [17] Company Strategy and Industry Competition - Focus on innovation, including the launch of FolioSpace, a next-generation resident experience [6] - Acquisition of LiveEasy to accelerate potential in the resident industry segment [7] - Embracing generative AI technology with the release of Realm-X Assistant and messages [8] - Unlocking upmarket customers by extending the value of the platform to scale with complex operations [10] - Expanding coverage of property types, including affordable housing [11] - Launching new anti-fraud solutions like document verification and ID verification [12] - Onboarding Marcy Campbell as the new Chief Revenue Officer to optimize the customer journey and strengthen go-to-market capabilities [12] Management Commentary on Operating Environment and Future Outlook - The company is raising its projected full-year revenue guidance to $786 million to $790 million, implying an annual growth rate of 27% [18] - Updated guidance reflects expectations for continued customer upgrades to premium product tiers and adoption of value-added services [18] - Non-GAAP operating margin guidance raised to 24.5% to 25.5% for the full year [19] - Free cash flow margin guidance remains 22% to 24% [19] - Expects a decline in operating margin in Q4 due to seasonal patterns and increased investments [20] Other Important Information - Fay Sien Goon, CFO, is leaving the company, and Tim Eaton will assume the role of interim CFO [13] - The company is conducting an extensive and inclusive search for a new CFO [13] Q&A Session Summary - No specific Q&A session details were provided in the content

AppFolio (APPF) came out with quarterly earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 27.45%. A quarter ago, it was expected that this property management software maker would post earnings of $0.92 per share when it actually produced earnings of $1.12, delivering a surprise of 21.74%.Over the last four qu ...

EXECUTION VERSION AGREEMENT AND PLAN OF MERGER by and among APPFOLIO, INC., LILAC MERGER SUB, INC., MOVE EZ, INC., and | --- | --- | |-------------|-----------------------------------------------------------| | | | | | | | | WT REPRESENTATIVE LLC as the Equityholder Representative, | | dated as of | | | | October 22, 2024 | TABLE OF CONTENTS Page ARTICLE I DEFINITIONS Section 1.01 Defined Terms Section 1.02 Other Defined Terms ARTICLE II THE MERGER. The Merger. Section 2.01 Treatment of Company Stock . Sect ...

FolioSpace gives AppFolio property management customers new ways to deliver exceptional value and experiences to their residents AppFolio acquires LiveEasy to integrate convenient moving and home services into FolioSpace SANTA BARBARA, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- AppFolio (NASDAQ: APPF), the technology leader powering the future of the real estate industry, today unveiled FolioSpace™, a next-generation resident experience that redefines how property managers and renters connect throughout the ...

AppFolio (APPF) closed the latest trading day at $226.53, indicating a +0.11% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 0.77% for the day. Meanwhile, the Dow experienced a rise of 0.47%, and the technology-dominated Nasdaq saw an increase of 0.87%.The property management software maker's shares have seen an increase of 0.19% over the last month, not keeping up with the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 4.87% ...

AppFolio (APPF) closed at $223.31 in the latest trading session, marking a -1.68% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.96%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq lost 1.18%.The the stock of property management software maker has risen by 1.88% in the past month, lagging the Computer and Technology sector's gain of 7.35% and the S&P 500's gain of 4.3%.Analysts and investors alike will be keeping a close eye on the performance of AppFolio ...

The most recent trading session ended with AppFolio (APPF) standing at $235.40, reflecting a +0.37% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.42%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.38%.Coming into today, shares of the property management software maker had gained 1.1% in the past month. In that same time, the Computer and Technology sector gained 1.78%, while the S&P ...

SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- AppFolio (NASDAQ: APPF), the technology leader powering the future of the real estate industry, today announced the speaker line-up for FUTURE: The Real Estate Conference by AppFolio. The event will convene real estate professionals, speakers, technologists, and industry leaders for three days of innovation from October 28-30, 2024 in San Diego, CA. New York Times #1 Best-Selling Author Daniel Pink and Three-Time Olympic Gold Medalist Kerri Walsh Jennings will d ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AppFolio (APPF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.AppFolio is one of 616 individual stocks in the Computer ...

AppFolio (APPF) closed the latest trading day at $236.19, indicating a +1.03% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.28%. Meanwhile, the Dow experienced a rise of 0.15%, and the technology-dominated Nasdaq saw an increase of 0.15%.Heading into today, shares of the property management software maker had gained 1.89% over the past month, outpacing the Computer and Technology sector's loss of 0.02% and lagging the S&P 500's gain of 2% in t ...