APPFOLIO INC
For the period ended Dec 31, 2024. Filed Feb 6, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Feb 6, 2025
APPF$229.49-0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except par values)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $42,504 | $49,509 |
| Investment securities—current | 235,745 | 162,196 |
| Accounts receivable, net | 24,346 | 20,709 |
| Prepaid expenses and other current assets | 32,807 | 39,943 |
| Total current assets | 335,402 | 272,357 |
| Property and equipment, net | 24,483 | 28,362 |
| Operating lease right-of-use assets | 17,472 | 19,285 |
| Capitalized software development costs, net | 15,429 | 21,562 |
| Goodwill | 96,410 | 56,060 |
| Intangible assets, net | 49,057 | 2,357 |
| Deferred income taxes | 76,910 | — |
| Other long-term assets | 11,515 | 8,906 |
| Total assets | $626,678 | $408,889 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $2,378 | $1,141 |
| Accrued employee expenses | 30,157 | 35,567 |
| Accrued expenses | 14,658 | 21,723 |
| Other current liabilities | 16,087 | 11,335 |
| Total current liabilities | 63,280 | 69,766 |
| Operating lease liabilities | 37,476 | 41,114 |
| Deferred tax liabilities | — | 697 |
| Other liabilities | 6,632 | — |
| Total liabilities | 107,388 | 111,577 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value, 25,000 shares authorized and no shares issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Class A common stock, $0.0001 par value, 250,000 shares authorized as of December 31, 2024 and December 31, 2023; 23,660 and 22,168 shares issued as of December 31, 2024 and December 31, 2023, respectively; 23,241 and 21,749 shares outstanding as of December 31, 2024 and December 31, 2023, respectively | 2 | 2 |
| Class B common stock, $0.0001 par value, 50,000 shares authorized as of December 31, 2024 and December 31, 2023; 13,163 and 14,116 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively | 2 | 2 |
| Additional paid-in capital | 254,821 | 236,985 |
| Accumulated other comprehensive Income (loss) | 173 | 99 |
| Treasury stock, at cost, 419 shares of Class A common stock as of December 31, 2024 and December 31, 2023 | (25,756) | (25,756) |
| Retained earnings | 290,048 | 85,980 |
| Total stockholders’ equity | 519,290 | 297,312 |
| Total liabilities and stockholders’ equity | $626,678 | $408,889 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.