Company: APPF
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0001433195-25-000055
Chunk: 13

Company: APPFOLIO INC
Filing Date: 2025-04-24
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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153,853 $53 $(25)$153,881 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 March 31, 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 March 31, 2025 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, 202