Company: APPF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001433195-25-000142
Chunk: 40

Company: APPFOLIO INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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— — Weighted average common shares outstanding35,889 36,306 36,036 36,214 Less: Weighted average unvested restricted shares subject to repurchase— — — 3 Weighted average common shares outstanding; basic 35,889 36,306 36,036 36,211 Net income per common share; basic$0.94 $0.91 $2.80 $2.80 Diluted net income per share:NumeratorNet income attributable to common stockholders$33,646 $33,006 $101,009 $101,326 DenominatorWeighted average common shares outstanding; basic35,889 36,306 36,036 36,211 Add:  Weighted average dilutive options outstanding48 41 39 64 Add:  Weighted average dilutive restricted stock units outstanding322 409 293 477 Weighted average common shares outstanding; diluted36,259 36,756 36,368 36,752 Net income per common share; diluted$0.93 $0.90 $2.78 $2.76 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 EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Restricted stock units2 4 2 17 Total potentially dilutive securities2 4 2 17 

10

Recent Accounting Pronouncements Not Yet AdoptedIn December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires that an entity, on an annual basis, disclose additional income tax information, primarily related to the rate at which reconciliation and income taxes are paid. The amendment in ASU 2023-09 is intended to enhance the transparency and decision usefulness of income tax disclosures. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively and is effective for calendar year-end public business entities in the 2025 annual period and in 2026 for interim periods with early adoption permitted. We plan to adopt the standard in our fiscal year 2025 annual financial statements, and we expect the adoption of the standard will impact certain of our income tax disclosures.In November