Company: APPF
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001433195-25-000055
Chunk: 32

Company: APPFOLIO INC
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 8
Chunk 32
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5 or December 31, 2024. The fair values of available-for-sale investment securities, by remaining contractual maturity, are as follows (in thousands):March 31, 2025December 31, 2024Amortized CostEstimated Fair ValueAmortized CostEstimated Fair ValueDue in one year or less$153,853 $153,881 $235,509 $235,745 Total available-for-sale investment securities$153,853 $153,881 $235,509 $235,745 During the three months ended March 31, 2025 and 2024, we had sales and maturities of investment securities, as follows (in thousands):Three Months Ended March 31, 2025Gross Realized GainsGross Realized LossesGross Proceeds from Sales Gross Proceeds from MaturitiesU.S. government and agency securities61 (5)102,718 42,150 Total$61 $(5)$102,718 $42,150 Three Months Ended March 31, 2024Gross Realized GainsGross Realized LossesGross Proceeds from SalesGross Proceeds from MaturitiesU.S. government and agency securities— — — 36,670 Total$— $— $— $36,670 The tables above do not include our non-marketable debt securities of $2.0 million, which are recorded in Other long term assets in the Condensed Consolidated Balance Sheet as of March 31, 2025.Fair Value MeasurementsRecurring Fair Value MeasurementsThe following tables present our financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 by level within the fair value hierarchy (in thousands):

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March 31, 2025Level 1Level 2Total FairValueCash equivalents:Money market funds$32,019 $— $32,019 Available-for-sale investment securities:   U.S. government and agency securities— 153,881 153,881 Total$32,019 $153,881 $185,900 December 31, 2024Level 1Level 2Total FairValueCash equivalents:Money market funds$25,167 $— $25,167 Available-for-sale investment securities:U.S. government and agency securities—