AppFolio Inc.-2026年季度报告

☒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 Number 001-37468 AppFolio, Inc. (Exact name of registrant as specified in its charter) N/A Securities registered pursuant to Section 12(b) of the 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 April16, 2026, the number of shares of the registrant’s Class A common stock outstanding was 24,028,908 and the number of shares of theregistrant’s Class B common stock outstanding was 11,329,625. TABLE OF CONTENTS Forward-Looking Statements Part I. Financial Information Item 1. Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Balance Sheets as ofMarch 31, 2026and December 31, 2025Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and2025Condensed Consolidated Statements of Comprehensive Income for the Three Months EndedMarch 31,2026 and 2025 FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q for the fiscal quarter ended March31, 2026 (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, operatingresults, cash flows and/or prospects. Forward-looking statements include all statements that are not statements of historical fact.Forward-lookingstatements can also be identified by words such as“may,”“will,”“should,”“might,”“expects,”“plans,”“anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “future,” or“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, the benefits or performance of our strategic investments, business forecasts and plans, our future or assumed financialcondition, results of operations and liquidity, trends affecting our business and industry, capital needs and financing plans, capitalresource allocation plans, share repurchase plans, and commitments and contingencies, including with respect to the outcome of legalproceedings or regulatory matters. We cannot assure you that the results, events, and circumstances reflected in the forward-looking 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 5, 2026. The year- Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptionsthat affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of thefinancial statements, and the reported amounts of revenue, expenses, other income, and provision for income taxes during the reportingperiod. Assets and liabilities which are subject to judgment and use of estimates include the fair value of financial instruments, the fairvalue of privately-held strategic investments, useful lives of property and equipment and intangible assets, capitalized software Segment Information Our chief operating decision maker ("CODM"), the Chief Executive Officer, allocates resources and assesses financialperformance based upon discrete f