Appfolio Inc (APPF)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	150,303	154,078	108,968	70,209	7,997	-42,119	-46,815	-77,294	-66,717	-42,138	-39,215	-7,784	1,734	-5,212	185,365	189,441	196,853	198,250	11,697	7,737
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
Pretax margin		18.85%	20.07%	14.94%	10.32%	1.27%	-7.29%	-8.73%	-15.30%	-14.10%	-9.48%	-9.45%	-2.02%	0.48%	-1.55%	57.24%	60.10%	63.87%	65.48%	4.07%	2.87%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $150,303K ÷ $797,194K
= 18.85%

The pretax margin of Appfolio Inc has experienced fluctuations over the period from March 31, 2020, to December 31, 2024. Initially, the pretax margin was relatively low at around 2.87% in March 2020, gradually increasing to a peak of 65.48% in September 2020 and 63.87% in December 2020.

However, there was a significant decline in pretax margin starting from March 31, 2021, when it dropped to 60.10%, followed by a further decrease to 57.24% in June 2021. The trend then shifted to negative pretax margins from September 30, 2021, onwards, with values ranging from -1.55% to -15.30% by the end of March 2024.

Subsequently, there was a notable recovery in the pretax margin, with positive values observed in December 31, 2024, reaching 18.85%. Overall, the pretax margin of Appfolio Inc exhibited a volatile pattern, indicating fluctuations in the company's profitability before taxes during the period under consideration.