AppFolio(US:APPF) Globenewswire·2025-10-30 20:05Core Insights - AppFolio reported strong unit and revenue growth driven by customer acquisition, expansion, and adoption of its Realm-X platform through premium tiers and value-added services [1][2] - The company emphasizes its AI-native architecture, which enhances performance outcomes for customers, aligning its success with that of its clients [2] Financial Highlights - Revenue increased by 21% year-over-year to $249 million [7] - Total units under management rose by 7% year-over-year to 9.1 million [7] - GAAP operating income was $35 million, representing 14.1% of revenue, down from $43 million or 20.7% of revenue in Q3 2024 [7] - Non-GAAP operating income remained stable at $59 million, accounting for 23.5% of revenue, compared to 28.7% in Q3 2024 [7] - Net cash provided by operating activities was $86 million, or 34.5% of revenue, compared to $58 million or 28.1% in Q3 2024 [7] Financial Outlook - Full-year revenue is projected to be between $945 million and $950 million [7] - The expected full-year non-GAAP operating margin is anticipated to be in the range of 23.5% to 24.5% [7] - Diluted weighted average shares outstanding are expected to be approximately 36 million for the full year [7] Cash Flow and Balance Sheet - Cash and cash equivalents as of September 30, 2025, were $76.1 million, up from $42.5 million at the end of 2024 [13] - Total assets increased to $640.5 million from $626.7 million at the end of 2024 [14] - Total liabilities rose to $141.6 million from $107.4 million at the end of 2024 [14] Revenue Breakdown - Core solutions revenue was $53.8 million, up from $46.0 million [17] - Value-added services revenue increased to $192.1 million from $157.7 million [17] - Other revenue sources contributed $3.5 million, compared to $2.0 million in the previous year [17]