Full Transcript: AppFolio Q2 2026 Earnings Call

AppFolio (NASDAQ: APPF ) reported second-quarter financial results on Thursday.

The transcript from the company's second-quarter earnings call has been provided below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary AppFolio Inc. reported Q2 2026 revenue of $281 million, marking a 19% year-over-year growth, with a notable milestone of surpassing $1 billion in trailing twelve-month revenue.

The company's strategic focus on technology consolidation and AI-native architecture is driving customer adoption and efficiency, exemplified by Pure HomeRiver's commitment to AppFolio for managing their expanding portfolio.

AppFolio's enhanced product offerings, including the RealmX system and Resident Onboarding Lift, are leading to increased customer satisfaction and operational efficiency, evidenced by strong customer retention and a 24% year-over-year growth in non-GAAP operating income.

The company raised its full-year 2026 revenue guidance to $1.117-$1.127 billion and non-GAAP operating margin guidance to 26.5%-28.0%, supported by premium tier adoption and robust growth in new business units.

Operational highlights include a significant increase in units on the platform to 9.6 million and a strong customer base of 22,751, both demonstrating healthy growth and retention trends.

Full Transcript OPERATOR Good day and thank you for standing by.

Welcome to the AppFolio Inc.

Second Quarter 2026 Financial Results Conference Call.

Please be advised that today's conference is being recorded and a replay will be available on AppFolio's investor relations website.

I would now like to hand the conference over to Lori Barker, Investor Relations.

Thank you.

Lori Barker, Investor Relations Good afternoon, everyone.

I'm Lori Barker, Investor Relations for AppFolio, and I'd like to thank you for joining us today as we report AppFolio's second quarter 2026 financial results.

With me on the call today are Shane Trigg, AppFolio's Chairman and CEO, and Tim Eaton, AppFolio's CFO.

This call is simultaneously being webcast on the Investor Relations section of our website at appfolioinc.com.

Additionally, an audio replay of the call and a transcript of the prepared comments will be posted to the website.

Before we get started, I would like to remind everyone of AppFolio's Safe Harbor policy.

Comments made during this conference call and webcast contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties.

Any statement that refers to expectations, projections, or other characterizations of future events, including financial projections, future market conditions, business performance, or future product enhancements or development, is a forward-looking statement.

AppFolio's actual future results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in our SEC filings.

AppFolio assumes no obligation to update any such forward-looking statements except as required by law.

For greater detail about risks and uncertainties, please see our SEC filings including our Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 5, 2026.

In addition, this call contains non-GAAP financial measures.

Reconciliations of these non-GAAP financial measures with the most directly comparable GAAP measures are included in our second quarter earnings release posted on the Investor Relations section of our website.

With that, I turn the call over to Shane Trigg.

Shane, please go ahead.

Shane Trigg, Chairman and CEO Thanks, Lori, and welcome to everyone joining us today.

AppFolio delivered a strong second quarter.

Revenue reached $281 million, a 19% year-over-year increase.

For the first time we've crossed $1 billion in revenue on a trailing 12-month basis.

Non-GAAP operating income was 27.1% of revenue and GAAP operating income was 18.8% of revenue.

Units on platform grew to 9.6 million.

This is an exciting time for our business and our industry.