By Elias Schisgall
Shares of AppFolio rose after the company reported first-quarter earnings ahead of analyst expectations and lifted its outlook for the year.
Shares were up 6% to $161.46 in after-hours trading Thursday. The stock closed down 3.9% at $152.30, and 35% lower this year.
The real-estate technology company on Thursday said it now expects full-year revenue between $1.11 billion and $1.125 billion, with an adjusted operating margin between 26% and 28%.
AppFolio had previously guided for revenue between $1.1 billion and $1.12 billion, with an operating margin between 25.5% and 27.5%. Analysts polled by FactSet are expecting $1.12 billion in revenue.
The company logged a first-quarter profit of $42.4 million, or $1.18 a share, compared with a profit of $31.4 million, or 86 cents a share, a year earlier.
On an adjusted basis, earnings were $1.61 a share. Analysts were expecting $1.47 a share.
Revenue grew to $262.2 million, up from $217.7 million and ahead of analysts' projections of $258.1 million.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
April 23, 2026 18:29 ET (22:29 GMT)
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