Overview

* AppFolio ( APPF ) Q2 revenue grows 19% yr/yr, beating analyst expectations

* GAAP operating income rises to $41 mln, margin slightly decreases

* Co's AI-native platform adoption boosts competitive advantage

Outlook

* AppFolio ( APPF ) expects 2025 revenue between $935 mln and $945 mln

* Company projects 2025 non-GAAP operating margin of 24.5% to 26.5%

Result Drivers

* AI PLATFORM ADOPTION - 96% of customers used AI-powered solutions, driving competitive advantage, per CEO Shane Trigg

* REVENUE GROWTH - Revenue increased by 19% yr/yr to $236 mln, attributed to AI-native platform adoption

* UNIT MANAGEMENT EXPANSION - Total units under management grew 6% yr/yr to 8.9 mln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $235.58 $231.30

Revenue mln mln (6

Analysts

)

Q2 Net $35.98

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Appfolio Inc ( APPF ) is $253.50, about 2.2% below its July 30 closing price of $259.20

* The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)