Company: APPF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001433195-25-000142
Chunk: 15

Company: APPFOLIO INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 $7.5 million for the nine months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, no impairments were identified in relation to the costs capitalized for the periods presented.

9

Net Income per Common ShareNet income per common share was the same for shares of our Class A and Class B common stock because they are entitled to the same liquidation and dividend rights and are therefore combined in the table below. The following table sets forth the computation of basic and diluted net income per common share (in thousands): Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Basic net income per share:NumeratorNet income$33,646 $33,006 $101,009 $101,334 Less: undistributed earnings to participating securities— — — 8 Net income attributable to common stockholders$33,646 $33,006 $101,009 $101,326 Denominator— — Weighted average common shares outstanding35,889 36,306 36,036 36,214 Less: Weighted average unvested restricted shares subject to repurchase— — — 3 Weighted average common shares outstanding; basic 35,889 36,306 36,036 36,211 Net income per common share; basic$0.94 $0.91 $2.80 $2.80 Diluted net income per share:NumeratorNet income attributable to common stockholders$33,646 $33,006 $101,009 $101,326 DenominatorWeighted average common shares outstanding; basic35,889 36,306 36,036 36,211 Add:  Weighted average dilutive options outstanding48 41 39 64 Add:  Weighted average dilutive restricted stock units outstanding322 409 293 477 Weighted average common shares outstanding; diluted36,259 36,756 36,368 36,752 Net income per common share; diluted$0.93 $0.90 $2.78 $2.76 Potentially dilutive securities that are not included in the calculation of diluted net income per share because doing so would be antidilutive are as follows (in thousands): Three Months EndedSeptember 30,N