Company: APPF
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001433195-25-000105
Chunk: 16

Company: APPFOLIO INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 10,964 10,766 Total stock-based compensation expense$18,299 $14,794 $34,670 $28,268 

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

4

APPFOLIO, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

(in thousands)

 Three Months EndedJune 30,Six Months EndedJune 30, 2025202420252024Net income$35,980 $29,665 $67,363 $68,328 Other comprehensive loss:    Changes in unrealized losses on investment securities, net of tax(37)(69)(244)(283)Comprehensive income$35,943 $29,596 $67,119 $68,045 

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

5

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