Company: APPF
Filing Date: 2025-02-06
Form Type: 10-K
Source: 0001433195-25-000013
Chunk: 73

Company: APPFOLIO INC
Filing Date: 2025-02-06
Form: 10-K
Item: Item 8
Chunk 73
---
)Net income (loss) per common share:Basic$5.63 $0.08 $(1.95)Diluted$5.55 $0.07 $(1.95)Weighted average common shares outstanding:Basic36,252 35,629 35,010 Diluted36,782 36,417 35,010 

(1) Includes stock-based compensation expense as follows:Year Ended December 31,202420232022Stock-based compensation expense included in costs and operating expenses:Cost of revenue (exclusive of depreciation and amortization)$4,522 $3,703 $2,640 Sales and marketing8,030 5,983 8,681 Research and product development25,414 20,974 16,030 General and administrative22,361 21,704 13,584 Total stock-based compensation expense$60,327 $52,364 $40,935 

The accompanying notes to the Consolidated Financial Statements are an integral part of these statements.

36

APPFOLIO, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 

(in thousands)

 Year Ended December 31, 202420232022Net income (loss)$204,068 $2,702 $(68,119)Other comprehensive income (loss):    Changes in unrealized gains (losses) on investment securities, net of tax74 1,783 (1,490)Comprehensive income (loss) $204,142 $4,485 $(69,609)

The accompanying notes to the Consolidated Financial Statements are an integral part of these statements.

37

APPFOLIO, INC.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY 

(in thousands)

AccumulatedAdditionalOtherCommon StockCommon StockPaid-inComprehensiveTreasuryRetainedClass AClass BCapital (Loss) IncomeStockEarningsTotalSharesAmountSharesAmountBalance at December 31, 202119,417 2 15,408 2 171,930 (194)(25,756)151,397 297,381 Exercise of stock options303 — 27 — 4,474 — — — 4,474 Stock-based compensation— — — — 43,937 — — — 43,937 Vesting of restricted stock units