APPFOLIO INC

For the period ended Dec 31, 2023. Filed Feb 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 1, 2024

APPF$229.49-0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except par values)

	December 31,
	2023	2022
Assets
Current assets
Cash and cash equivalents	$49,509	$70,769
Investment securities—current	162,196	89,297
Accounts receivable, net	20,709	16,503
Prepaid expenses and other current assets	39,943	24,899
Total current assets	272,357	201,468
Investment securities—noncurrent	—	25,161
Property and equipment, net	28,362	26,110
Operating lease right-of-use assets	19,285	23,485
Capitalized software development costs, net	21,562	35,315
Goodwill	56,060	56,060
Intangible assets, net	2,357	4,833
Other long-term assets	8,906	8,785
Total assets	$408,889	$381,217
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable	$1,141	$2,473
Accrued employee expenses	35,567	34,376
Accrued expenses	21,723	15,601
Other current liabilities	11,335	8,893
Total current liabilities	69,766	61,343
Operating lease liabilities	41,114	50,237
Other liabilities	697	4,091
Total liabilities	111,577	115,671
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $0.0001 par value, 25,000 shares authorized and no shares issued and outstanding as of December 31, 2023 and December 31, 2022	—	—
Class A common stock, $0.0001 par value, 250,000 shares authorized as of December 31, 2023 and December 31, 2022; 22,168 and 20,988 shares issued as of December 31, 2023 and December 31, 2022, respectively; 21,749 and 20,569 shares outstanding as of December 31, 2023 and December 31, 2022, respectively	2	2
Class B common stock, $0.0001 par value, 50,000 shares authorized as of December 31, 2023 and December 31, 2022; 14,116 and 14,746 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively	2	2
Additional paid-in capital	236,985	209,704
Accumulated other comprehensive loss	99	(1,684)
Treasury stock, at cost, 419 shares of Class A common stock as of December 31, 2023 and December 31, 2022	(25,756)	(25,756)
Retained earnings	85,980	83,278
Total stockholders’ equity	297,312	265,546
Total liabilities and stockholders’ equity	$408,889	$381,217

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.