APPFOLIO INC
For the period ended Sep 30, 2024. Filed Oct 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 25, 2024
APPF$224.76-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income (Loss) for the
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income (loss) | $33,006 | $26,445 | $101,334 | $(27,566) |
| Other comprehensive income: | ||||
| Changes in unrealized gains on investment securities, net of tax | 659 | 578 | 376 | 1,675 |
| Comprehensive income (loss) | $33,665 | $27,023 | $101,710 | $(25,891) |
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
| Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Additional · Other | |||||||||
| Common Stock · Common Stock · Paid-in · Comprehensive · Treasury · Retained | |||||||||
| Class A · Class B · Capital · Income (Loss) · Stock · Earnings · Total | |||||||||
| Shares · Amount · Shares · Amount | |||||||||
| Balance at December 31, 2023 | 21,749 | $2 | 14,116 | $2 | $236,985 | $99 | $(25,756) | $85,980 | $297,312 |
| Exercise of stock options | 244 | — | — | — | 3,874 | — | — | — | 3,874 |
| Stock-based compensation | — | — | — | — | 13,646 | — | — | — | 13,646 |
| Vesting of restricted stock units, net of shares withheld for taxes | 89 | — | — | — | (14,086) | — | — | — | (14,086) |
| Conversion of Class B common stock to Class A common stock | 199 | — | (199) | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | (214) | — | — | (214) |
| Net Income | — | — | — | — | — | — | — | 38,663 | 38,663 |
| Balance at March 31, 2024 | 22,281 | $2 | 13,917 | $2 | $240,419 | $(115) | $(25,756) | $124,643 | $339,195 |
| Exercise of stock options | 3 | — | — | — | 25 | — | — | — | 25 |
| Stock based compensation | — | — | — | — | 15,032 | — | — | — | 15,032 |
| Vesting of restricted stock units, net of shares withheld for taxes | 71 | — | — | — | (12,436) | — | — | — | (12,436) |
| Conversion of Class B common stock to Class A common stock | 644 | — | (644) | — | — | — | — | — | — |
| Other comprehensive loss | — | — | — | — | — | (69) | — | — | (69) |
| Net Income | — | — | — | — | — | — | — | 29,665 | 29,665 |
| Balance at June 30, 2024 | 22,999 | $2 | 13,273 | $2 | $243,040 | $(184) | $(25,756) | $154,308 | $371,412 |
| Exercise of stock options | 3 | — | — | — | 14 | — | — | — | 14 |
| Stock based compensation | — | — | — | — | 16,315 | — | — | — | 16,315 |
| Vesting of restricted stock units, net of shares withheld for taxes | 57 | — | — | — | (8,579) | — | — | — | (8,579) |
| Conversion of Class B common stock to Class A common stock | 20 | — | (20) | — | — | — | — | — | — |
| Other comprehensive income | — | — | — | — | — | 659 | — | — | 659 |
| Net Income | — | — | — | — | — | — | — | 33,006 | 33,006 |
| Balance at September 30, 2024 | 23,079 | $2 | 13,253 | $2 | $250,790 | $475 | $(25,756) | $187,314 | $412,827 |
| Accumulated | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Additional · Other | |||||||||||||||
| Common Stock · Common Stock · Paid-in · Comprehensive · Treasury · Retained | |||||||||||||||
| Class A · Class B · Capital · Income (Loss) · Stock · Earnings · Total | |||||||||||||||
| Shares · Amount · Shares · Amount | |||||||||||||||
| Balance at December 31, 2022 | 20,569 | $2 | 14,746 | $2 | $209,704 | $(1,684) | $(25,756) | $83,278 | $265,546 | ||||||
| Exercise of stock options | 64 | — | — | — | 834 | — | — | — | 834 | ||||||
| Stock-based compensation | — | — | — | — | 14,075 | — | — | — | 14,075 | ||||||
| Vesting of restricted stock units, net of shares withheld for taxes | 79 | — | — | — | (5,539) | — | — | — | (5,539) | ||||||
| Conversion of Class B common stock to Class A common stock | 27 | — | (27) | — | — | — | — | — | — | ||||||
| Issuance of restricted stock awards | 2 | — | — | — | — | — | — | — | — | ||||||
| Other comprehensive income | — | — | — | — | — | 763 | — | — | 763 | ||||||
| Net loss | — | — | — | — | — | — | — | (35,110) | (35,110) | ||||||
| Balance at March 31, 2023 | 20,741 | $2 | 14,719 | $2 | $219,074 | $(921) | $(25,756) | $48,168 | $240,569 | ||||||
| Exercise of stock options | 95 | — | — | — | 668 | — | — | — | 668 | ||||||
| Stock-based compensation | — | — | — | — | 11,000 | — | — | — | 11,000 | ||||||
| Vesting of restricted stock units, net of shares withheld for taxes | 82 | — | — | — | (7,717) | — | — | — | (7,717) | ||||||
| Issuance of restricted stock awards | 4 | — | — | — | — | — | — | — | — | ||||||
| Other comprehensive income | — | — | — | — | — | 334 | — | — | 334 | ||||||
| Net loss | — | — | — | — | — | — | — | (18,901) | (18,901) | ||||||
| Balance at June 30, 2023 | 20,922 | $2 | 14,719 | $2 | $223,025 | $(587) | $(25,756) | $29,267 | $225,953 | ||||||
| Exercise of stock options | 59 | — | — | — | 683 | — | — | — | 683 | ||||||
| Stock-based compensation | — | — | — | — | 15,508 | — | — | — | 15,508 | ||||||
| Vesting of restricted stock units, net of shares withheld for taxes | 61 | — | — | — | (6,511) | — | — | — | (6,511) | ||||||
| Conversion of Class B common stock to Class A common stock | 602 | — | (602) | — | — | — | — | — | — | ||||||
| Other comprehensive income | — | — | — | — | — | 578 | — | — | 578 | ||||||
| Net income | — | — | — | — | — | — | — | 26,445 | 26,445 | ||||||
| Balance at September 30, 2023 | 21,644 | $2 | 14,117 | $2 | $232,705 | $(9) | $(25,756) | $55,712 | $262,656 | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.