Company: APPF
Filing Date: 2025-02-06
Form Type: 10-K
Source: 0001433195-25-000013
Chunk: 82

Company: APPFOLIO INC
Filing Date: 2025-02-06
Form: 10-K
Item: Item 8
Chunk 82
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241 and 21,749 shares outstanding as of December 31, 2024 and December 31, 2023, respectively2 2 Class B common stock, $0.0001 par value, 50,000 shares authorized as of December 31, 2024 and December 31, 2023; 13,163 and 14,116 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively2 2 Additional paid-in capital254,821 236,985 Accumulated other comprehensive Income (loss)173 99 Treasury stock, at cost, 419 shares of Class A common stock as of December 31, 2024 and December 31, 2023(25,756)(25,756)Retained earnings290,048 85,980 Total stockholders’ equity519,290 297,312 Total liabilities and stockholders’ equity$626,678 $408,889 

The accompanying notes to the Consolidated Financial Statements are an integral part of these statements.

35

APPFOLIO, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS 

(in thousands, except per share amounts)

 Year Ended December 31, 202420232022Revenue$794,202 $620,445 $471,883 Costs and operating expenses:Cost of revenue (exclusive of depreciation and amortization)(1)282,067 238,076 191,826 Sales and marketing(1)110,597 107,602 107,398 Research and product development(1)160,375 151,364 111,118 General and administrative(1)85,974 93,452 100,792 Depreciation and amortization19,545 28,988 33,119 Total costs and operating expenses658,558 619,482 544,253 Income (loss) from operations135,644 963 (72,370)Other income (loss), net697 3 4,469 Interest income, net13,981 7,031 1,184 Income (loss) before provision for income taxes150,322 7,997 (66,717)(Benefit from) provision for income taxes(53,746)5,295 1,402 Net income (loss)$204,068 $2,702 $(68,119