Risks for APPFOLIO INC (APPF)

We manage our business towards the achievement of long-term growth, which may not be consistent with the short-term expectations of some investors.

If we fail to manage our growth effectively, it could adversely affect our operating results and preclude us from achieving our strategic objectives.

Actual or perceived security vulnerabilities in our software solutions, breaches of our security controls or other unauthorized access to our customers’ data could result in liability or reputational harm to us, or cause us to lose customers, any of which could harm our business and operating results.

We face a number of risks in our payment processing business that could adversely affect our business or operating results.

Evolution and expansion of our electronic payment services may subject us to additional risks and regulatory requirements.