Below are the financial statements of Appfolio, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 794,202a | 620,445a | 471,883a |
| Costs and operating expenses | — | — | — |
| Cost of revenue (exclusive of depreciation and amortization) | -282,067a | -238,076a | -191,826a |
| Sales and marketing | -110,597a | -107,602a | -107,398a |
| Research and product development | -160,375a | -151,364a | -111,118a |
| General and administrative | -85,974a | -93,452a | -100,792a |
| Depreciation and amortization | -19,545a | -28,988a | -33,119a |
| Total costs and operating expenses | -658,558a | -619,482a | -544,253a |
| Income (loss) from operations | 135,644a | 963a | -72,370a |
| Other income (loss), net | 697a | 3a | 4,469a |
| Interest income, net | 13,981a | 7,031a | 1,184a |
| Income (loss) before provision for income taxes | 150,322a | 7,997a | -66,717a |
| (Benefit from) provision for income taxes | -53,746a | -5,295a | -1,402a |
| Net income (loss) | 204,068a | 2,702a | -68,119a |
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