AppFolio Q2 2023 Earnings Report

AppFolio EPS Results

• Actual EPS: -$0.53
• Consensus EPS: $0.10
• Beat/Miss: Missed by -$0.63
• One Year Ago EPS: -$0.86

AppFolio Revenue Results

• Actual Revenue: $147.08 million
• Expected Revenue: $143.76 million
• Beat/Miss: Beat by +$3.32 million
• YoY Revenue Growth: +25.20%

AppFolio Announcement Details

• Quarter: Q2 2023
• Date: 7/27/2023
• Time: After Market Closes

AppFolio (NASDAQ:APPF), together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties. It offers AppFolio Property Manager Core, a platform that provides the basic functionalities required to operate a property management business, as well as serves as a system of record; AppFolio Property Manager Plus, which offers housing management, student housing management, complex accounting, leasing insights, large-scale operations support, role-based permissions, stack integrations, and enhanced customer support services; AppFolio Property Manager Max offers customer relationship management functionality, field customization, customer database functionality, and customer success management services; and AppFolio Investment Manager, a software that provides investment management, asset management, and relationship management solutions. The company also provides value-added services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as electronic payment, tenant screening, and insurance services. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.