AppFolio Q1 Beats, Revenue +20%, Shares +5%

AppFolio posted Q1 adjusted EPS $1.61, beating consensus $1.47, and revenue $262 million, up 20% YoY, surpassing $258.08 million estimate.
Operating margin rose to 27.3% of revenue, up from 24.3% YoY, while GAAP income jumped 50% to $51 million (19.4% of revenue).
Units under management grew 8% YoY to 9.5 million, and the company repurchased 703,000 shares for $125 million, expecting ~36 million diluted shares annually.
FY2026 revenue guidance lifted to $1.11‑$1.13 billion with adjusted operating margin target 26‑28%, and shares rose 5% after hours.