Company: APPF
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001433195-25-000105
Chunk: 44

Company: APPFOLIO INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 44
---
— — 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 outstanding251 460 279 481 Weighted average common shares outstanding; diluted36,204 36,742 36,425 36,720 Net income per common share; diluted$0.99 $0.81 $1.85 $1.86 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 EndedJune 30,Six Months EndedJune 30, 2025202420252024Restricted stock units149 2 149 163 Total potentially dilutive securities149 2 149 163 

11

 3. Investment Securities and Fair Value Measurements

Investment SecuritiesInvestment securities classified as available-for-sale consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):June 30, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueU.S. government and agency securities54,098 1 (11)54,088 Total available-for-sale investment securities$54,098 $1 $(11)$54,088 December 31, 2024Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueU.S. government and agency securities235,509 261 (25)235,745 Total available-for-sale investment securities$235,509 $261 $(25)$235,745