AppFolio, Inc. today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. For Q4 2024, the company reported total revenue of $203.7 million, marking a 19% increase year-over-year and exceeding Street forecasts of $199.9 million.
Fourth quarter GAAP earnings per share were $0.90, and non-GAAP earnings per share reached $1.29, surpassing the average analyst estimate of $0.92 per share. For the full fiscal year 2024, AppFolio achieved total revenue of $794.2 million, representing a 28% increase from fiscal year 2023.
Looking ahead, AppFolio provided its financial outlook for fiscal year 2025, projecting annual revenue between $920 million and $940 million, which implies a 17% growth rate at the midpoint compared to 2024. The company also anticipates a non-GAAP operating margin between 24.5% and 26.5% for the full year.
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