financial joining results. and and Fourth year to XXXX Quarter everyone Lori, AppFolio's for welcome Thanks, us fiscal
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revenue we solutions fourth million growth Full new revenue year-over-year year-over-year. $XXX total was the by fourth driven the customers representing growth $XXX in million, quarter, in Core quarter, In XX% million, management. under of growing $XX.X was revenue delivered XX% XX% increase year and a year-over-year. units
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XX% R&D in revenue expense sales and As marketing, to grew the from of combined year. last a percent quarter, fourth XX% G&A and
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revenue, the a were of as comparable year fourth quarter at in last expenses, of X%. G&A Our percentage
the XX% For full to G&A from year, X%. declined
margin XX% from and XXXX, from quarter, significant to quarter significant execution fourth Free compared this XX.X% flow XX.X% to Through our margin margin non-GAAP of in was XX% the XX% in to fourth last a XX.X% the operating strategy, year, the increase of quarter was in XX.X% year year. in financial Overall, expanded disciplined to in which cash XX.X% expanded last XXXX. was a full non-GAAP improvement XXXX. we for operating compared
how The end of of exemplifies at million and investment XXXX. from million on this cash our our million strategy. the $XXX $XXX investment with for investment, LiveEasy us to flexibility acquisition securities is grew enabling $XX creating deliver Even to
million, Our $XXX XX% a is of $XXX based to XXXX year full midpoint range. which guidance million revenue of the for rate implies growth this on annual
and XX.X% average shares $XX and be between million margin operating approximately non-GAAP deliver XX.X%, diluted the to anticipated to expect full We for outstanding are weighted year.
We expect units customers our to under continue management. and growing
of as also We believe the adoption Max continue value-added our will a small ARPU and we we from but and plans contribution our Plus services growing segment. growing and resident increase
our we limit Consistent their to rate seasonality environment believe with XXXX current interest be the We to with customers' will anticipate revenue ability XXXX, XXXX. to mostly continue high portfolios. consistent expand
relatively exclusive Cost of percentage depreciation is remain from operational year the believe compared a flat as revenue of by of amortization, product be will revenue, and efficiencies the mostly as prior offset we expected to benefit mix. to
to is enable grow us continue high invest that XXXX count to to we head in ending projected initiatives achieve strategic our priority Our objectives. as
than of headcount operational revenue focus rate growth to the expect growth less as our on we be we efficiency. maintain However,
In performance our into in in translating AI and customers meaningful service strong XXXX. proud we exceptional are experience of the for retaining customers. our and growing acquiring, resident are our delivering and investments outcomes I'm summary, while
during I As our our thank a the new team Eaton, Interim of selecting this CFO, the we rest their continue commitment for process Tim and CFO, want transition. to of
building truly where comes in sustainable platform industry future the and real resilient for the to creating estate do are We growth. business a
for all today's you call. joining us today. Thank concludes Operator, this
