Appfolio Inc (APPF)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	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	4,823	7,797	9,781
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
Pretax margin		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%	1.90%	3.28%	4.43%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $70,209K ÷ $680,437K
= 10.32%

The pretax margin of Appfolio Inc has shown fluctuating performance over the periods covered in the data. The pretax margin measures the company's efficiency in generating profits before accounting for taxes. In the most recent quarter of March 31, 2024, the pretax margin improved to 10.32%, indicating that the company was able to generate a higher level of profit relative to its revenue. This improvement follows a trend of volatile pretax margins in the previous quarters, with negative margins reported in some periods. Despite the volatility, the company has shown a significant recovery from the low points observed in mid-2022.

Overall, Appfolio Inc's pretax margin has demonstrated variability over the past few quarters, with periods of both positive and negative margins. Investors and stakeholders may want to further investigate the factors driving these fluctuations to assess the company's overall financial health and operational efficiency.