Shares of AppFolio (APPF) surged 11.63% in after-hours trading on Thursday following the company's release of its second-quarter 2025 financial results, which exceeded analyst expectations and prompted an increase in its full-year revenue guidance.
The property management software provider reported Q2 non-GAAP earnings per share of $1.38, significantly beating the FactSet consensus estimate of $1.28. Revenue for the quarter came in at $235.6 million, surpassing analyst projections of $231.3 million and marking a 19% year-over-year increase. The company's strong performance was driven by the growing adoption of its AI-native platform, with CEO Shane Trigg noting that 96% of customers used one or more of AppFolio's AI-powered solutions.
In light of the robust results, AppFolio raised its full-year 2025 revenue guidance to a range of $935 million to $945 million, up from its previous estimate of $920 million to $940 million. The new outlook exceeds the average analyst expectation of $931.9 million. The company also reported a healthy expansion in its total units under management, which grew 6% year-over-year to 8.9 million, further solidifying its market position in the real estate industry.
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