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AppFolio APPF Q2 2024 earnings

Reported July 25, 2024 · After market close

Revenue$197.4MBeat by $6.8M
EPS$1.12Beat by $0.20
Revenue estimate$190.6M
EPS estimate$0.92

Next report

Date not yet announced

Financials

Q2 2024

Income statement

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Revenue$197.4M+34.2%
Gross profit$127.8M+43.2%
Operating income$36.0M+5,406%
Net income$29.7M+257%
EPS (diluted)$0.81+253%

Balance sheet

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Cash & equivalents$59.9M+140%
Total debt$43.3M+1.7%
Total equity$371.4M+64.4%
Total assets$479.3M+36.4%

Cash flow

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Operating cash flow$50.9M+651%
CapEx$38.0K-97.2%
Free cash flow$50.8M+579%

Valuation & ratios

Valuation

as of 06/30/24
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Market cap$8.86B+45.0%
Enterprise value$8.84B+44.3%
P/E70.8×
P/S12.3×+0.8×

Profitability

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Gross margin64.2%+4.6pp
Operating margin13.6%+9.5pp
Net margin17.3%+11.9pp
FCF margin21.2%+19.2pp

Returns & leverage

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Return on equity41.9%+29.3pp
Debt / equity0.1×-0.1×
Current ratio5.5×+2.7×

Segments

By product

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Value Added Services$151.6M
Subscription Services$45.2M
Other$1.7M-30.1%

Versus estimates

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Questions, answered.

When did AppFolio report Q2 2024 earnings?
AppFolio (APPF) reported Q2 2024 earnings on July 25, 2024 after market close.
What were AppFolio's Q2 2024 revenue and EPS?
AppFolio reported revenue of $197.4M and eps of $1.12 for Q2 2024.
Did AppFolio beat estimates in Q2 2024?
Revenue beat the consensus estimate of $190.6M by $6.8M. EPS beat the consensus estimate of $0.92 by $0.20.
Where can I find AppFolio's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001433195-24-000106) directly on SEC EDGAR. The filing index links above go to sec.gov.