Financial Data and Key Metrics Changes - In Q3 2025, revenue reached $249 million, reflecting a 21% year-over-year growth, while the non-GAAP operating margin was 23.5% [4][17] - Core Solutions revenue was $54 million, a 17% year-over-year increase, driven by new customer acquisition and growth in units under management [17] - Non-GAAP operating margin decreased from 28.7% last year to 23.5% this year, primarily due to an additional expense of approximately $13 million related to the corporate bonus plan [18][19] Business Line Data and Key Metrics Changes - Revenue from value-added services grew 22% year-over-year to $192 million, attributed to increased adoption of risk mitigation services and online payments [17][18] - The company managed approximately 9.1 million units from 21,759 customers, up from 8.5 million units from 20,403 customers a year ago, indicating a 7% increase in both units and customers [17] Market Data and Key Metrics Changes - The company is experiencing significant growth in the property management sector, with a focus on transitioning from task efficiency to real estate performance management [5][8] - Research indicates that property management businesses spend 42% of their time on routine work and 24% on reactive tasks, highlighting the need for improved efficiency [5] Company Strategy and Development Direction - The company aims to differentiate itself by creating systems that work alongside users, focusing on real estate performance management [8][10] - The introduction of RealmX Performers, an AI-driven system, is designed to enhance productivity and optimize business goals for property managers [9][10] - The strategic pillars include differentiating to win, delivering performance efficiently, and fostering a strong company culture [15][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges in the property management industry, including external market pressures and the need for unified technology solutions [5][8] - The company anticipates annual revenue guidance for 2025 to be between $945 million and $950 million, reflecting a growth rate of 19% [20][21] Other Important Information - The company has been recognized on Fortune's Future 50 and Best Workplaces in Technology lists, emphasizing its potential for growth and strong company culture [15][16] - The partnership with Procore allows customers to manage real estate development and construction operations seamlessly within the AppFolio platform [11] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.