Appfolio Inc (APPF)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,702	-68,119	1,028	158,403	36,282
Revenue	US$ in thousands	627,476	477,223	360,251	495,865	254,358
Net profit margin		0.43%	-14.27%	0.29%	31.94%	14.26%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,702K ÷ $627,476K
= 0.43%

Appfolio Inc's net profit margin has shown fluctuation over the past five years. In 2023, the net profit margin stood at 0.43%, indicating that the company generated $0.43 of profit for every $100 of revenue. This marks an improvement from the negative net profit margin of -14.27% in 2022. However, it remains lower than the levels seen in 2020 and 2019, where the company reported net profit margins of 31.94% and 14.26%, respectively.

The significant improvement from a negative net profit margin in 2022 to a positive margin in 2023 suggests that the company has successfully managed its costs and expenses to generate profit from its operations. Further analysis would be needed to understand the drivers behind this improvement and to assess the sustainability of this positive trend in the future.