Company: APPF
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001433195-25-000105
Chunk: 22

Company: APPFOLIO INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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9.4 million and $9.9 million, respectively, are included in Prepaid expenses and other current assets and $8.7 million and $6.9 million, respectively, are included in Other long-term assets in the accompanying Condensed Consolidated Balance Sheets. Amortization expense for deferred costs was $2.7 million, and $2.5 million for three months ended June 30, 2025 and 2024, respectively, and $5.4 million, and $5.0 million for the six months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024, no impairments were identified in relation to the costs capitalized for the periods presented.

10

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 EndedJune 30,Six Months EndedJune 30, 2025202420252024Basic net income per share:NumeratorNet income$35,980 $29,665 $67,363 $68,328 Less: undistributed earnings to participating securities— 3 — 8 Net income attributable to common stockholders$35,980 $29,662 $67,363 $68,320 Denominator— — Weighted average common shares outstanding35,922 36,244 36,111 36,168 Less: Weighted average unvested restricted shares subject to repurchase— 3 — 4 Weighted average common shares outstanding; basic 35,922 36,241 36,111 36,164 Net income per common share; basic$1.00 $0.82 $1.87 $1.89 Diluted net income per share:NumeratorNet income attributable to common stockholders$35,980 $29,662 $67,363 $68,320 DenominatorWeighted average common shares outstanding; basic35,922 36,241 36,111 36,164 Add:  Weighted average dilutive options outstanding31 41 35 75 Add:  Weighted average dilutive restricted stock units