AppFolio Investor Day Presentation Deck
Powering the Future of the Real Estate Industry
© 2023 AppFolio Investor Meeting
81
GAAP to
Non-GAAP
Reconciliation
OPERATING MARGIN
GAAP income (loss) from operations
Stock-based compensation expense as a percentage of
revenue
Amortization of stock-based compensation capitalized in
software development costs as a percentage of revenue
Legal costs and insurance recoveries as a percentage of
revenue
Impairment, net as a percentage of revenue
Amortization of purchased intangibles as a percentage of
revenue
CEO separation costs payment as a percentage of revenue
Gain on lease modification as a percentage of revenue
Severance payments for workforce reduction as a percentage
of revenue
Non-GAAP operating margin
2021
(3.3%)
4.3%
0.5%
1.3%
(0.5%)
- %
- %
I
%
%
2.3%
2022
(15.3%)
8.7%
0.5%
0.9%
4.7%
I
I
I
%
%
%
%
(0.5%)
2023
(1.5%)
8.6%
0.4%
- %
(0.7%)
0.4%
1.9%
(0.7%)
1.7%
10.8%
appfolioView entire presentation