AppFolio Inc.- 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-37468 AppFolio, Inc. (Exact name of registrant as specified in its charter) (805)364-6093 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No As of April17, 2025, the number of shares of the registrant’s Class A common stock outstanding was23,047,322and the number of shares of theregistrant’s Class B common stock outstanding was12,981,324. Forward-Looking StatementsPart I. Financial InformationItem 1. Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as ofMarch31, 2025and December 31, 2024Condensed Consolidated Statements of Operations for the ThreeMonths EndedMarch 31, 2025and2024 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q for the fiscal quarter ended March31, 2025 (this "Quarterly Report"), contains forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995(the “PSLRA”), which statements involve substantial risks and uncertainties. The forward-looking statements made in this QuarterlyReport are intended to qualify for the protection of the safe harbor provided by the PSLRA and are based primarily on our currentexpectations and projections about future events and trends that we believe may affect our business, financial condition, operating “continue,” or the negative of these words or other similar terms or expressions. Examples of forward-looking statements include,among others, statements regarding changes in the competitive environment, responding to customer needs, research and productdevelopment plans, future products and services, growth in the size of our business and number of customers, strategic plans andobjectives, business forecasts and plans, our future or assumed financial condition, results of operations and liquidity, trends affectingour business and industry, capital needs and financing plans, capital resource allocation plans, share repurchase plans, andcommitments and contingencies, including with respect to the outcome of legal proceedings or regulatory matters. We cannot assureyou that the results, events, and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results,events, or circumstances could differ materially from those described in the forward-looking statements. The outcome of the eventsdescribed in these forward-looking statements is subject to risks, uncertainties, and other factors, including those risks, uncertaintiesand other factors described in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of PART I. FINANCIAL INFORMATIONItem 1. Condensed Consolidated Financial Statements APPFOLIO, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(UNAUDITED)(in thousands) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)(in thousands, except per share amounts) APPFOLIO, INC. NOTES TO CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS 1.Nature of Business AppFolio, Inc. ("we," "us" or "our") is a technology leader powering the future of the real estate industry. We provide a cloud-based platform on which our customers operate their businesses. Our services enable our customers to connect communities, increase 2.Summary of Significant Accounting Policies Basis of Presentation and Significant Accounting Policies The accompanying unaudited Condensed Consolidated Financial Statements were prepared in accordance with accountingprinciples generally accepted in the United States (“GAAP”) for interim financial information. Certain information and disclosuresnormally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted.Accordingly, these Condensed Consolidated Financial Statements should be read in conjunction with our audited consolidatedfinancial statements and the related notes included in our Annual Report, which was filed with the SEC on February 6, 2025. The year- Reclassification We reclassified certain amounts in our Condensed Consolidated Statements of Cash Flows within the cash