Company: APPF
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001433195-25-000055
Chunk: 31

Company: APPFOLIO INC
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 31
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 attributable to common stockholders$31,383 $38,658 DenominatorWeighted average common shares outstanding36,302 36,092 Less: Weighted average unvested restricted shares subject to repurchase— 5 Weighted average common shares outstanding; basic 36,302 36,087 Net income per common share; basic$0.86 $1.07 Diluted net income per share:NumeratorNet income attributable to common stockholders$31,383 $38,658 DenominatorWeighted average common shares outstanding; basic36,302 36,087 Add:  Weighted average dilutive options outstanding39 108 Add:  Weighted average dilutive restricted stock units outstanding307 479 Weighted average common shares outstanding; diluted36,648 36,674 Net income per common share; diluted$0.86 $1.05 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 EndedMarch 31, 20252024Unvested restricted stock awards— 4 Restricted stock units45 170 Total potentially dilutive securities45 174 

9

 3. Investment Securities and Fair Value Measurements

Investment SecuritiesInvestment securities classified as available-for-sale consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):March 31, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueU.S. government and agency securities153,853 53 (25)153,881 Total available-for-sale investment securities$153,853 $53 $(25)$153,881 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 As of March 31, 2025, the decline in fair value below amortized cost basis was not considered other than temporary as it is more likely than not we will hold the securities until maturity or recovery of the cost basis. No allowance for credit losses for available-for-sale investment securities was recorded as of March 31, 202