Company: APPF
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001433195-25-000105
Chunk: 36

Company: APPFOLIO INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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, for the respective three and six-month periods.

20

We expect general and administrative expenses for the year ending December 31, 2025 to stay relatively flat as a percentage of revenue compared to the year ended December 31, 2024.

Depreciation and Amortization

 Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change 20252024Amount%20252024Amount% (dollars in thousands)Depreciation and amortization$5,850 $4,670 $1,180 25 %$12,105 $9,882 $2,223 22 %Percentage of revenue2.5 %2.4 %2.7 %2.6 %

Depreciation and amortization expense for the three and six months ended June 30, 2025 increased, compared to the same periods in the prior year, primarily due to amortization of the intangible assets recognized from the acquisition of Move EZ, Inc. in the fourth quarter of 2024.

We expect depreciation and amortization expenses for the year ending December 31, 2025 to stay relatively flat as a percentage of revenue compared to the year ended December 31, 2024.

Interest Income, Net

Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change20252024Amount%20252024Amount%(dollars in thousands)Interest income, net$1,466 $3,476 $(2,010)(58)%$4,419 $6,468 $(2,049)(32)%Percentage of revenue0.6 %1.8 %1.0 %1.7 %

Interest income for the three and six months ended June 30, 2025 decreased, compared to the same periods in the prior year, primarily due to the sale of available-for-sale investment securities and lower interest rates.

Provision for income taxes

 Three Months EndedJune 30,ChangeSix Months EndedJune 30,Change 20252024Amount%20252024Amount% (dollars in thousands)Income before provision for income taxes$41,967 $39,504 $2,463 6 %$78,759 $76,586 $2,173 3%Provision for (benefit from) income taxes$5,987 $9,839 $(3,852)(39)%$