Company: APPF
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001433195-25-000105
Chunk: 23

Company: APPFOLIO INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 outstanding251 460 279 481 Weighted average common shares outstanding; diluted36,204 36,742 36,425 36,720 Net income per common share; diluted$0.99 $0.81 $1.85 $1.86 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 EndedJune 30,Six Months EndedJune 30, 2025202420252024Restricted stock units149 2 149 163 Total potentially dilutive securities149 2 149 163 

11

 3. Investment Securities and Fair Value Measurements

Investment SecuritiesInvestment securities classified as available-for-sale consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):June 30, 2025Amortized CostGross Unrealized GainsGross Unrealized LossesEstimated Fair ValueU.S. government and agency securities54,098 1 (11)54,088 Total available-for-sale investment securities$54,098 $1 $(11)$54,088 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 June 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 June 30, 2025 or December 31, 2024. The fair values of available-for-sale investment securities, by remaining contractual maturity, are as follows (in thousands):June 30, 2025December 31, 2024Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue in one year or less$54,098 $54,088 $235,509 $235,745 Total available-for-sale investment securities$54,098 $54,088 $235,509 $235,745 During the six months ended June 30,