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AI brief of an SEC Form 8-K · AppFolio (APPF)

AppFolio Q3 revenue rises 21% to $249 million; GAAP operating income falls

Mixed Impact 3 of 5 earnings Written later

AppFolio reported third-quarter 2025 revenue of $249 million, up 21% year over year, and diluted EPS of $0.93 versus $0.90 a year earlier. GAAP operating income fell to $35 million from $43 million, and the company reaffirmed a full-year 2025 revenue outlook of $945 million to $950 million. Separately, Chief Trust Officer Matt Mazza will leave the company on November 14, 2025.

Key points

  • Q3 revenue grew 21% year over year to $249 million; total units under management grew 7% to 9.1 million
  • GAAP operating income was $35 million (14.1% of revenue) versus $43 million (20.7%) in Q3 2024; non-GAAP operating margin was 23.5% versus 28.7%
  • Diluted EPS was $0.93 versus $0.90 in Q3 2024; net income was $33.6 million
  • FY2025 outlook: revenue of $945 million to $950 million and non-GAAP operating margin of 23.5% to 24.5%

The filing

CompanyAppFolio (APPF)
Form8-K, current report
Filed with the SECOct 30, 2025, 4:05 PM ET
Accession number0001433195-25-000140

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.