AppFolio Earnings Calls

Q4 2024
Release date Jan 30, 2025
EPS estimate $0.92
EPS actual $0.92
Revenue estimate 200.002M
Revenue actual 203.664M
Revenue Surprise 1.83%
Q3 2024 Beat
$1.30 (27.45%)
Release date Oct 24, 2024
EPS estimate $1.02
EPS actual $1.30
EPS Surprise 27.45%
Revenue estimate 199.1M
Revenue actual 205.733M
Revenue Surprise 3.33%
Q2 2024 Beat
$1.12 (21.74%)
Release date Jul 25, 2024
EPS estimate $0.92
EPS actual $1.12
EPS Surprise 21.74%
Revenue estimate 190.57M
Revenue actual 197.375M
Revenue Surprise 3.57%
Q1 2024 Beat
$1.06 (19.10%)
Release date Apr 25, 2024
EPS estimate $0.89
EPS actual $1.06
EPS Surprise 19.10%
Revenue estimate 178.69M
Revenue actual 187.43M
Revenue Surprise 4.89%

Last 4 Quarters for AppFolio

Below you can see how APPF performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q1 2024 Beat
Release date Apr 25, 2024
Fiscal end date Mar 31, 2024
Price on release $216.65
EPS estimate $0.89
EPS actual $1.06
EPS surprise 19.10%
Date Price
Apr 19, 2024 $208.50
Apr 22, 2024 $214.79
Apr 23, 2024 $219.33
Apr 24, 2024 $215.90
Apr 25, 2024 $216.65
Apr 26, 2024 $242.75
Apr 29, 2024 $238.05
Apr 30, 2024 $226.78
May 01, 2024 $230.11
4 days before 3.91%
4 days after 6.21%
On release day 12.05%
Change in period 10.36%
Q2 2024 Beat
Release date Jul 25, 2024
Fiscal end date Jun 30, 2024
Price on release $259.07
EPS estimate $0.92
EPS actual $1.12
EPS surprise 21.74%
Date Price
Jul 19, 2024 $263.02
Jul 22, 2024 $269.77
Jul 23, 2024 $270.02
Jul 24, 2024 $256.60
Jul 25, 2024 $259.07
Jul 26, 2024 $230.95
Jul 29, 2024 $229.02
Jul 30, 2024 $219.53
Jul 31, 2024 $221.48
4 days before -1.50%
4 days after -14.51%
On release day -10.85%
Change in period -15.79%
Q3 2024 Beat
Release date Oct 24, 2024
Fiscal end date Sep 30, 2024
Price on release $192.07
EPS estimate $1.02
EPS actual $1.30
EPS surprise 27.45%
Date Price
Oct 18, 2024 $201.14
Oct 21, 2024 $200.60
Oct 22, 2024 $198.43
Oct 23, 2024 $195.52
Oct 24, 2024 $192.07
Oct 25, 2024 $212.34
Oct 28, 2024 $210.37
Oct 29, 2024 $216.39
Oct 30, 2024 $217.63
4 days before -4.51%
4 days after 13.31%
On release day 10.55%
Change in period 8.20%
Q4 2024
Release date Jan 30, 2025
Fiscal end date Dec 31, 2024
Price on release $253.58
EPS estimate $0.92
EPS actual $0.92
Date Price
Jan 24, 2025 $250.03
Jan 27, 2025 $254.82
Jan 28, 2025 $259.22
Jan 29, 2025 $249.97
Jan 30, 2025 $253.58
Jan 31, 2025 $233.91
Feb 03, 2025 $238.50
Feb 04, 2025 $231.73
Feb 05, 2025 $230.59
4 days before 1.42%
4 days after -9.07%
On release day -7.76%
Change in period -7.78%

AppFolio Earnings Call Transcript Summary of Q4 2024

Q4 2024 Earnings Call

1. Financial Performance:

  • Q4 2024 revenue grew 19% year-over-year to $204 million.
  • Full-year revenue increased by 28% to $794 million.
  • Non-GAAP operating margin improved from 12% in 2023 to 25% in 2024, indicating effective cost management.

2. Customer Growth:

  • Managed approximately 8.7 million units from 20,784 customers at year-end, up from 8.2 million units and 19,737 customers the prior year.
  • Growth attributed to ongoing emphasis on residential portfolios and an increasing number of larger customers adopting premium plans.

3. Innovative Technology Investments:

  • Launched Realm-X, automating routine tasks and enhancing operational performance for property managers; over 1 million actions completed in three months post-launch.
  • Enhanced smart maintenance features and integrated with the Lula vendor network to streamline property management tasks.

4. Acquisition:

  • Acquired LiveEasy for $79 million to enhance offerings in resident services, a growing segment within the real estate industry.

5. Market Recognition:

  • AppFolio was recognized in Forbes’ lists for "America's Best Companies for 2025" and "Most Trusted Companies in America for 2025," highlighting strong performance and customer satisfaction.

6. 2025 Financial Guidance:

  • Expected annual revenue of $920 million to $940 million, representing a growth rate of around 17%.
  • Projected non-GAAP operating margin to be between 24.5% and 26.5%.

7. Headcount and Investment Strategy:

  • Increased employee count by 9% year-over-year to 1,634, focusing on innovation and strategic initiatives.
  • Plans to continue investing in high-priority areas while aiming for operational efficiency.

8. Seasonal Revenue Insights:

  • Value-added services grew by 33% for the full year, but showed seasonal decline in Q4 due to leasing activities.
  • Anticipation of similar revenue seasonality trends in 2025.

9. Market Conditions:

  • High interest rate environment may limit current customers' portfolio expansion but ongoing customer acquisition and upselling are expected.
  • Investors should consider these factors when evaluating AppFolio's market potential.

AppFolio Earnings History

Earnings Calendar

FAQ

When is the earnings report for APPF?
AppFolio (APPF) has scheduled its earnings report for Apr 24, 2025 after the markets close.

What is the APPF price-to-earnings (P/E) ratio?
APPF P/E ratio as of Feb 13, 2025 (TTM) is 38.08.

What is the APPF EPS forecast?
The forecasted EPS (Earnings Per Share) for AppFolio (APPF) for the first fiscal quarter 2025 is $1.23.

What are AppFolio's retained earnings?
On its balance sheet, AppFolio reported retained earnings of $203.66 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT APPFOLIO
AppFolio
AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their busin...
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