AppFolio (NASDAQ:APPF) Full Year 2024 Results
Key Financial Results
- Revenue: US$794.2m (up 28% from FY 2023).
- Net income: US$204.1m (up by US$201.4m from FY 2023).
- Profit margin: 26% (up from 0.4% in FY 2023). The increase in margin was primarily driven by higher revenue.
- EPS: US$5.63 (up from US$0.076 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AppFolio EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 65%.
In the last 12 months, the only revenue segment was Cloud-Based Business Management Software and Value + Platforms contributing US$794.2m. The largest operating expense was Research & Development (R&D) costs, amounting to US$160.4m (43% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$68.4m. Explore how APPF's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.
Performance of the American Software industry.
The company's shares are down 4.7% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for AppFolio (1 is significant!) that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:APPF
AppFolio
Provides cloud-based platform for the real estate industry in the United States.
Flawless balance sheet with solid track record.
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