Appfolio Inc (APPF)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Net income (ttm)	US$ in thousands	204,068	131,602	125,041	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
Revenue (ttm)	US$ in thousands	797,194	767,764	729,259	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
Net profit margin		25.60%	17.14%	17.15%	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%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $204,068K ÷ $797,194K
= 25.60%

Appfolio Inc's net profit margin has displayed fluctuating trends over the past several quarters. The company experienced strong profitability in the latter part of 2020 and early 2021, with net profit margins exceeding 40% during those periods. However, the profitability declined significantly in the second half of 2021 and continued to deteriorate into negative territory in 2022 and early 2023. During this period, the company's net profit margins were in the range of -3.56% to -17.61%.

There was a turnaround in Appfolio Inc's performance starting from the end of 2023, as the net profit margin gradually improved and turned positive again. By the end of 2024, the net profit margin had reached 25.60%, indicating a significant recovery in profitability compared to the previous quarters.

Overall, Appfolio Inc's net profit margin reflects a mix of strengths and weaknesses in its financial performance, with periods of high profitability followed by challenges that the company successfully navigated to return to a more profitable position by the end of 2024.