Other Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Income tax receivable(1)	$	12,136	$	27,133
Prepaid expenses	22,433		15,707
Deferred commissions(2)	12,238		11,166
Deposits for insurance services(3)	4,611		7,765
Other	1,640		3,447
Total Prepaid expenses and other current assets	$	53,058	$	65,218

(1)For additional information on income tax, refer to Note 9, Income Taxes.

(2)For additional information on deferred commissions, refer to Deferred Costs in Note 3, Revenue and Deferred Costs.

(3)For additional information on deposits held with a third party related to requirements to maintain collateral for insurance services, refer to "Legal Liability to Landlord Insurance" in Note 6, Commitments and Contingencies.

Schedule of Accrued Employee Expenses

Accrued employee expenses consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Accrued bonuses(1)	$	16,712	$	43,298
Accrued payroll and other	13,298		16,476
Total accrued employee expenses	$	30,010	$	59,774

(1)Accrued bonuses decreased significantly as of June 30, 2026, due to the payment of 2025 annual bonuses in the first quarter of 2026.

Schedule of Other Current Liabilities

Other current liabilities consisted of the following (in thousands):


	June 30, 2026		December 31, 2025
Unearned premium liabilities(1)	$	8,262	$	6,662
Insurance reserves(2)	8,095		6,630
Operating lease liabilities-current	5,115		4,873
Other	1,634		3,956
Total other current liabilities	$	23,106	$	22,121

(1)Unearned premium liabilities are the refundable portion of commissions received in connection with the sale of renters insurance policies to residents through AppFolio Insurance Services, Inc., our wholly owned subsidiary. In the event a resident cancels their renters insurance policy prior to the end of such policy, we may be required to refund a pro rata portion of the commission paid on such policy.

(2)For additional information on insurance reserves, refer to "Legal Liability to Landlord Insurance" in Note 6, Commitments and Contingencies.