Company: APPF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001433195-25-000142
Chunk: 42

Company: APPFOLIO INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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 agency securities124,068 19 (31)124,056 Total available-for-sale investment securities$124,068 $19 $(31)$124,056 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 September 30, 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 September 30, 2025 or December 31, 2024. The fair values of available-for-sale investment securities, by remaining contractual maturity, are as follows (in thousands):September 30, 2025December 31, 2024Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue in one year or less$124,068 $124,056 $235,509 $235,745 Total available-for-sale investment securities$124,068 $124,056 $235,509 $235,745 During the nine months ended September 30, 2025 and 2024, we had sales and maturities of investment securities, as follows (in thousands):Nine Months Ended September 30, 2025Gross Realized GainsGross Realized LossesGross Proceeds from Sales Gross Proceeds from MaturitiesU.S. government and agency securities$94 $(49)$202,662 $76,620 Total$94 $(49)$202,662 $76,620 Nine Months Ended September 30, 2024Gross Realized GainsGross Realized LossesGross Proceeds from SalesGross Proceeds from MaturitiesU.S. government and agency securities— — — 163,755 Total$— $— $— $163,755 The tables above do not include our strategic investments of non-marketable equity investments in privately-held companies, which are recorded in long-term investments in our Condensed Consolidated Balance Sheets. These strategic investments consist of the following as of September 30, 2025 and December