NASDAQ$APPF

Appfolio Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

AppFolio's financial performance for Q1 2021 was reported.

AppFolio's revenue for the first quarter of 2021 was $78.921 million, compared to $72.495 million for the first quarter of 2020. Net income was $479 thousand, compared to $1.983 million for the first quarter of 2020.

  • Revenue increased to $78.921 million from $72.495 million year-over-year.
  • Net income decreased to $479 thousand from $1.983 million year-over-year.
  • Loss from operations was $(5.669) million, compared to income from operations of $2.830 million in the same period last year.
  • Cash and cash equivalents decreased to $44.744 million from $140.263 million at the end of the previous quarter.

Headline financials

Total Revenue

$78.9M

Previous: $72.5M+8.9%
EPS (adj)

$0.01

Previous: $0.06-83.3%
Capital Expenditures

-$938K

Previous: -$7.99M+88.3%
Free Cash Flow

-$459K

Previous: -$6.01M+92.4%
Net Income

$479K

Previous: $1.98M-75.8%
Operating Income

-$5.67M

Previous: $2.83M-300.3%
Gross Profit

$45.6M

Previous: $43.5M+4.8%
Cash & Equivalents

$44.7M

Previous: $56.8M-21.2%
Total Assets

$379M

Previous: $293M+29.1%
Stock-Based Comp

$3.17M

Previous: $959K+231.0%

Revenue & EPS history

Appfolio · Revenue · Quarterly

$78.9M

Q1 2021+8.9%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Appfolio · $163M total across 2 segments · Q3 2023

  • Value Added Services
    $123M
  • Core solutions
    $39.8M

Forward guidance

AppFolio's outlook for fiscal year 2021 includes revenue expected to be in the range of $348 million to $355 million and diluted weighted average shares are expected to be approximately 36 million for the full year.

Tailwinds

  • Full year revenue is expected to be in the range of $348 million to $355 million.
  • Diluted weighted average shares are expected to be approximately 36 million for the full year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.2%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+6.7%

Avg return

30 days after

53%

23 / 43 earnings

Positive

+26.7%

Q4 2023

Best reaction

-18.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%+8.5%+8.1%
Q4 2025-9.1%-11.1%-14.2%
Q3 2025+11.2%+9.2%-3.2%
Q1 2025-18.2%-12.0%-10.6%
Q4 2024-7.8%-9.1%-15.4%
Q3 2024+8.6%+10.7%+24.0%
Q2 2024-10.0%-14.4%-10.6%
Q1 2024+12.4%+5.0%+6.7%
Q4 2023+26.7%+27.7%+33.9%
Q3 2023+6.6%+6.4%+9.6%
Q2 2023+0.8%+3.5%+3.3%
Q1 2023+11.8%+10.1%+14.4%
Q4 2022-6.2%-0.6%+15.4%
Q3 2022+20.2%+22.0%+13.8%
Q2 2022+1.8%+3.7%+5.0%
Q1 2022-17.7%-9.9%-6.1%
Q4 2021+3.0%+1.3%+0.3%
Q3 2021-2.1%-5.8%-5.8%
Q2 2021-6.8%-4.5%-11.1%
Q1 2021-4.6%-2.0%+6.4%
Q4 2020-17.8%-15.4%-13.8%
Q3 2020-7.1%-11.8%+2.3%
Q2 2020+12.0%+14.2%+20.9%
Q1 2020+3.4%+16.3%+60.1%
Q4 2019-2.4%-4.6%-21.3%
Q3 2019+4.6%+8.8%+26.9%
Q2 2019-7.9%-6.8%-6.1%
Q1 2019-2.6%-0.9%+0.2%
Q4 2018-5.3%-1.7%+14.4%
Q3 2018-6.5%-0.3%+5.3%
Q2 2018+11.3%+15.0%+26.3%
Q1 2018+3.1%+13.2%+21.8%
Q4 2017-10.1%-9.3%-10.9%
Q3 2017-8.1%-8.5%-11.2%
Q2 2017+8.0%+2.9%+24.4%
Q1 2017+3.5%+7.7%+19.0%
Q4 2016+4.4%+0.6%+9.9%
Q3 2016+3.4%+16.4%+15.6%
Q2 2016+7.1%+8.3%+12.4%
Q1 2016+0.7%
Q4 2015-14.5%
Q3 2015-4.1%
Q2 2015+1.9%
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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