NASDAQ$APPF
Appfolio Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Appfolio's Q4 2022 financial results were announced, revealing a 30% increase in revenue compared to the same quarter in 2021.
AppFolio reported a strong Q4 2022 with a 30% increase in revenue, reaching $124.1 million. Despite this growth, the company experienced a GAAP loss from operations of $20.0 million, although non-GAAP loss from operations was significantly lower at $3.4 million. The number of units served on the AppFolio Property Manager platform also increased to 7.3 million.
- Total revenue for Q4 2022 reached $124.1 million, a 30% increase year-over-year.
- Units served on the AppFolio Property Manager platform increased to approximately 7.3 million.
- GAAP loss from operations was $20.0 million, or 16.1% of revenue.
- Non-GAAP loss from operations was $3.4 million, or 2.7% of revenue.
Headline financials
Revenue & EPS history
Appfolio · Revenue · Quarterly
$124M
Revenue by segment
Appfolio · $122M total across 2 segments · Q4 2022
- Value Added Services$86.3M—70.9%
- Core solutions$35.4M—29.1%
Forward guidance
AppFolio's outlook for fiscal year 2023 includes revenue in the range of $565 million to $575 million, approximately breakeven non-GAAP operating margin, and a non-GAAP free cash flow margin in the range of 2% to 3%.
Tailwinds
- Full year revenue is expected to be in the range of $565 million to $575 million.
- Full year non-GAAP operating margin as a percentage of revenue is expected to be approximately breakeven.
- Full year non-GAAP free cash flow margin as a percentage of revenue is expected to be in the range of 2% to 3%.
- Weighted average shares outstanding are expected to be approximately 35 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 Q4 2022
+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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