AppFolio, Inc.
238.67-5.61 (-2.3%)
Oct 29, 4:00:02 PM EDT · NasdaqGM · APPF · USD
Key Stats
Market Cap
8.56BP/E (TTM)
43.00Basic EPS (TTM)
5.55Dividend Yield
0%Recent Filings
8-K
AppFolio inks $150M credit line
AppFolio secured a $150 million senior secured revolving credit facility on September 30, 2025, maturing in 2030, with no initial borrowings. The deal, led by PNC Bank, offers flexible expansions up to $225 million or more if leverage stays under 3.25x, while capping net leverage at 3.75x—yet allowing a 4.25x bump for big buys. This liquidity boost fuels growth without diluting shareholders.
8-K
Three directors resign
AppFolio's board lost three directors—Timothy Bliss, Alex Wolf, and Robert Donald Casey III—on August 7, 2025, as they resigned to dodge a conflict from investing in a company that's one of AppFolio's customers. The move sidesteps any clash without sparking disagreements over operations or policies. No replacements named yet.
8-K
Q2 revenue surges 19%
AppFolio reported Q2 2025 revenue of $236 million, up 19% year-over-year, fueled by Realm-X AI adoption across 96% of customers and value-added services growth, while units under management rose 6% to 8.9 million. GAAP operating income hit $41 million at 17.2% margin, with non-GAAP at 26.2%. Tim Eaton stepped up as permanent CFO effective July 30, after serving as interim since October 2024. Full-year revenue guidance spans $935 million to $945 million. Eaton's finance expertise bolsters growth amid stock buybacks.
10-Q
Q2 FY2025 results
AppFolio's Q2 FY2025 10-Q filing lacks detailed financial statements, focusing instead on an employment agreement for Tim Eaton as CFO effective July 30, 2025, with a $400,000 base salary, 60% target annual bonus, and $71,250 spot bonus. It includes a $2.5M promotional equity award split evenly between time-based and performance RSUs, plus a $850,000 annual equity grant for FY2025. The agreement outlines severance terms, including nine months' salary and pro-rated bonus upon termination without cause, alongside restrictive covenants and arbitration in Santa Barbara. No revenue, EPS, or cash flow figures are disclosed in the 10-Q. Leadership stability aids growth execution. Competition from larger software players remains a key risk.
8-K
Stockholders approve directors, pay
AppFolio's stockholders convened virtually on June 13, 2025, electing Andreas von Blottnitz, Agnes Bundy Scanlan, and Janet Kerr as Class I directors for three-year terms amid strong support, with over 141 million votes for each. They ratified PricewaterhouseCoopers as auditors for 2025 and approved executive compensation on an advisory basis. Votes favor annual say-on-pay polls going forward. Governance stays steady.
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