APPF Nasdaq· AppFolio Inc.
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APPF Nasdaq· AppFolio Inc.
Earnings report Q4 2023

APPFOLIO, INC. Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

In the latest quarter, APPFOLIO, INC. reported revenue of $620.45 million. This represents a significant increase compared to the previous quarter's revenue of $471.88 million and a substantial growth from the same quarter last year, which recorded revenue of $359.37 million.


APPFOLIO, INC. demonstrated strong revenue growth in the latest quarter, reflecting the company's ability to generate increased sales across its various segments. The company's revenue growth can be attributed to several factors, including successful sales and marketing efforts, continued investment in research and product development, and effective cost management strategies. The increase in revenue indicates a positive market response to the company's offerings and highlights its competitive position in the industry.


While APPFOLIO, INC. achieved impressive revenue growth in the latest quarter, it also faced certain challenges. The company experienced higher costs and operating expenses compared to the previous quarter, which impacted its overall profitability. Additionally, the provision for income taxes increased significantly, further impacting the company's net income.


It is worth noting that APPFOLIO, INC. reported a net income of $2.70 million in the latest quarter, a significant improvement from the net loss of $68.12 million in the same quarter last year. This positive turnaround in profitability can be attributed to the company's efforts to optimize its operations and improve cost efficiency.


APPFOLIO, INC. delivered a strong performance in the latest quarter, with a substantial increase in revenue compared to the previous quarter and the same quarter last year. The company's revenue growth reflects its successful sales and marketing strategies, investment in research and product development, and effective cost management. Despite facing challenges such as higher costs and operating expenses, APPFOLIO, INC. managed to achieve a positive net income, showcasing its ability to improve profitability. Overall, the company's performance in the latest quarter demonstrates its resilience and potential for continued growth in the future.

Source documents

Form 10-K  filed on Feb 01, 2024
35 pages scanned

Reference data

Company financials Q4 revenue 172M
Analyst estimates Q4 EPS beat by 113.33%
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