Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $236 million, reflecting a 19% year-over-year growth with a non-GAAP operating margin of 26.2% [5][19] - Core solutions revenue increased to $52.5 million, also a 19% year-over-year increase, driven by more customers choosing premium tiers and growth in total units under management [16] - Revenue from value-added services grew 19% year-over-year to $180 million, attributed to increased adoption of screening and risk mitigation services [18] Business Line Data and Key Metrics Changes - The company managed approximately 8.9 million units from 21,403 customers, representing a 6% increase in both ending units and customers compared to the previous year [17] - The adoption of AI-powered solutions has been significant, with 96% of customers utilizing one or more solutions since the beginning of 2025 [8] Market Data and Key Metrics Changes - There has been a 46% increase in property management professionals' plans to use AI or agentic technology in the past nine months, indicating a growing market trend towards AI integration [6] Company Strategy and Development Direction - The company is focusing on three strategic pillars: innovation through AI, delivering value efficiently, and cultivating a strong company culture [11][14] - Partnerships are being prioritized to enhance customer value, with the AppFolio stack marketplace now having 80 partners [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, expecting annual revenue guidance to increase to between $935 million and $945 million for 2025, representing an 18% growth rate [20] - The company plans to continue investing in high-priority initiatives while maintaining operational efficiency [21] Other Important Information - The company has initiated a stock repurchase program of $300 million and has repurchased 244,000 shares in Q2 2025 [19] - Tim Eaton has been appointed as the Chief Financial Officer, having previously served as Interim CFO [15] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.