NASDAQ$APPF
Appfolio Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Appfolio's financial performance for Q3 2024 was reported, marked by revenue growth and strategic acquisitions.
AppFolio reported a strong Q3 2024 with a 24% increase in revenue year-over-year, reaching $206 million. Operating income also saw significant growth, and the company acquired LiveEasy to expand its resident services.
- Revenue increased by 24% year-over-year, reaching $206 million.
- Total units under management grew by 9% year-over-year to 8.5 million.
- GAAP operating income was $43 million, representing 20.7% of revenue.
- AppFolio acquired LiveEasy to enhance its resident application, FolioSpace™.
Headline financials
Revenue & EPS history
Appfolio · Revenue · Quarterly
$206M
Revenue by segment
Appfolio · $163M total across 2 segments · Q3 2023
- Value Added Services$123M—75.6%
- Core solutions$39.8M—24.4%
Forward guidance
AppFolio provided its outlook for fiscal year 2024.
Tailwinds
- Full year revenue is expected to be in the range of $786 million to $790 million.
- Full year non-GAAP operating margin is expected to be in the range of 24.5% to 25.5%.
- Full year non-GAAP free cash flow margin is expected to be in the range of 22% to 24%.
- Diluted weighted average shares outstanding are expected to be approximately 37 million for the full year.
- Acquisition of LiveEasy will improve the FolioSpace resident app.
Headwinds
- Fay Sien Goon, the Company’s Chief Financial Officer, will depart AppFolio as of October 25, 2024.
- The company is searching for a new CFO.
- Forward-looking statements are subject to risks and uncertainties.
- Actual future results may be materially different from the results expressed or implied by these forward-looking statements.
- The company undertakes no obligation to update any forward-looking statements made in this press release.
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 Q3 2024
+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
| Quarter | Report date | Reaction (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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