Company: APPF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001433195-25-000142
Chunk: 12

Company: APPFOLIO INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 activities32,546 (107,497)Cash from financing activitiesProceeds from stock option exercises130 3,913 Tax withholding for net share settlement(31,430)(35,101)Proceeds from the issuance of common stock under the Employee Stock Purchase Plan951 — Purchase of common stock(145,723)— Net cash used in financing activities(176,072)(31,188)Net increase in cash, cash equivalents and restricted cash33,589 12,908 Cash, cash equivalents and restricted cashBeginning of period42,754 49,759 End of period$76,343 $62,667 Cash, cash equivalents and restricted cash at end of period:Cash and cash equivalents$76,093 $62,417 Restricted cash included in prepaid expenses and other current assets250 250 Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows$76,343 $62,667 

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

7

APPFOLIO, INC.

NOTES TO CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS 

 1. Nature of Business

AppFolio, Inc. ("we," "us" or "our") is a technology leader powering the future of the real estate industry. We provide a cloud-based platform on which our customers operate their businesses. Our services enable our customers to connect communities, increase operational efficiency, deliver exceptional customer experiences, and improve financial and operational performance.

 2. Summary of Significant Accounting Policies

Basis of Presentation and Significant Accounting PoliciesThe accompanying unaudited Condensed Consolidated Financial Statements were prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these Condensed Consolidated Financial Statements should be read in conjunction with our audited consolidated financial statements and the related notes included in our Annual Report, which was filed with the SEC on February 6, 2025. The year-end condensed balance sheet was derived from our audited consolidated financial statements. Our unaudited interim Condensed Consolidated Financial Statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of our Condensed Consolidated Financial Statements. The operating results for the nine months ended September 30, 202