Company: APPF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001433195-25-000142
Chunk: 8

Company: APPFOLIO INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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,998 16,133 Total stock-based compensation expense$20,793 $16,035 $55,463 $44,303 

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements.

3

APPFOLIO, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

(in thousands)

 Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Net income$33,646 $33,006 $101,009 $101,334 Other comprehensive loss:    Changes in unrealized losses on investment securities, net of tax(3)659 (247)376 Comprehensive income$33,643 $33,665 $100,762 $101,710 

The accompanying Notes to Condensed Consolidated Financial Statements are an integral part of these statements.

4

APPFOLIO, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY 

(UNAUDITED)

(in thousands)

AccumulatedAdditionalOtherCommon StockCommon StockPaid-inComprehensiveTreasuryRetainedClass AClass BCapitalIncome (Loss)StockEarningsTotalSharesAmountSharesAmountBalance at December 31, 202423,241 $2 13,163 $2 $254,821 $173 $(25,756)$290,048 $519,290 Exercise of stock options1 — — — 11 — — — 11 Stock-based compensation— — — — 16,483 — — — 16,483 Vesting of restricted stock units, net of shares withheld for taxes60 — — — (9,078)— — — (9,078)Conversion of Class B common stock to Class A common stock182 — (182)— — — — — — Repurchase on common stock(445)— — — — — (95,763)— (95,763)Other comprehensive loss— — — — — (207)— — (207)Net Income— — — — — — — 31,383 31,383 Balance at March 31, 202523,039