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Appfolio Inc Company profile

About AppFolio Inc

AppFolio, Inc. offers industry-specific business software solutions, services, and data insights to the real estate vertical. Its cloud-based solution enables property management businesses to digitally transform their business, address critical business operations and enable customer service. The Company’s cloud-based software solution for real estate investment managers that provides tools and services designed to manage investor relationships by increasing transparency and streamlining communications. The Company’s mobile-optimized software solutions are designed for use across multiple devices and operating systems. Its software solutions are offered as a service, are hosted using a modern cloud-based architecture, and in part, use artificial intelligence technologies. The Company’s cloud-based solutions are used primarily by property managers and other constituencies in the property management business ecosystem.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, AppFolio Inc revenues increased 16% to $359.4M. Net income decreased 99% to $1M. Revenues reflect Value+ services segment increase of 24% to $241.3M, Core solutions segment increase of 4% to $105.1M. Net income was offset by Other Income/Expense, Net - Balancing decrease from $1.2M (income) to $174.9M (expense), Research and Product Development - Balan increase of 30% to $60.5M (expense).