Appfolio Inc (APPF)

Net profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Net income (ttm)	US$ in thousands	76,475	2,702	-47,266	-77,873	-88,942	-68,119	-49,750	-45,729	-13,738	1,028	1,846	139,663	156,899	158,403	163,344	30,646	34,540	36,282	34,503	35,049
Revenue (ttm)	US$ in thousands	680,437	627,476	577,852	536,077	505,125	473,067	444,385	414,806	386,300	359,871	336,457	323,816	315,202	308,229	302,747	287,049	269,765	254,358	237,843	220,663
Net profit margin		11.24%	0.43%	-8.18%	-14.53%	-17.61%	-14.40%	-11.20%	-11.02%	-3.56%	0.29%	0.55%	43.13%	49.78%	51.39%	53.95%	10.68%	12.80%	14.26%	14.51%	15.88%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $76,475K ÷ $680,437K
= 11.24%

The net profit margin of Appfolio Inc has shown fluctuations over the analyzed periods. The net profit margin was negative in some quarters like Sep 30, 2023, Jun 30, 2023, Mar 31, 2023, and Dec 31, 2022, indicating that the company's expenses exceeded its revenue during those periods. However, the net profit margin improved significantly in the subsequent quarters, notably in Dec 31, 2021, and Mar 31, 2021, where it exceeded 43% and 49%, respectively. This suggests a period of strong profitability for the company.

Overall, the trend in the net profit margin appears to be volatile, with periods of significant profitability alternating with periods of lower profitability or even losses. It is essential for the company to address the factors contributing to this volatility to ensure sustained profitability and financial health in the long term.