Company: APPF
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001433195-25-000105
Chunk: 19

Company: APPFOLIO INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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823 Cash from investing activitiesPurchases of available-for-sale investments(64,034)(151,539)Proceeds from sales of available-for-sale investments202,662 — Proceeds from maturities of available-for-sale investments43,820 94,455 Purchases of property and equipment(505)(1,458)Capitalization of software development costs(1,478)(2,529)Purchases of long-term investments(75,000)— Cash paid in business acquisition, net of cash acquired(906)— Net cash provided by (used in) investing activities104,559 (61,071)Cash from financing activitiesProceeds from stock option exercises128 3,898 Tax withholding for net share settlement(19,098)(26,520)Purchase of common stock(145,723)— Net cash used in financing activities(164,693)(22,622)Net increase in cash, cash equivalents and restricted cash30,974 10,130 Cash, cash equivalents and restricted cashBeginning of period42,754 49,759 End of period$73,728 $59,889 Cash, cash equivalents and restricted cash at end of period:Cash and cash equivalents$73,478 $59,639 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$73,728 $59,889 

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

8

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