APPIAN CORP

Listed Company

APPNCIK 0001441683NasdaqLarge AcceleratedServices-Prepackaged SoftwareFY ends Dec 31

Period

FY 2025

Revenue

$726.94M

Net Income

$1.23M

Total Assets

$691.39M

Equity

$-46.99M

Shares Out

74.00M

Op. Cash Flow

$62.87M

Business

APPIAN CORP delivers a unified low-code software platform for process orchestration, automation, and intelligence that helps organizations design, automate, and optimize critical business processes. The company offers capabilities including process orchestration, robotic process automation (RPA), intelligent document processing (IDP), data fabric, process intelligence, generative AI, AI agents, low-code design tools, APIs, and professional services for deployment and customer success. Appian organizes its business around its platform and related customer success and professional services, supported by direct sales and strategic partner channels. It serves large enterprises and government customers globally through cloud and partner distribution across multiple industries and regions.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	727	617	545	468	369
Total cost of revenue	200	168	160	133	104
Gross profit	527	449	385	335	265
Sales and marketing	241	238	250	220	168
Research and development	172	163	160	139	98
General and administrative	113	108	83	120	84
Total operating expenses	527	510	493	480	349
Operating income (loss)	609,000	−61	−108	−145	−84
Other (income) expense, net	−27	7	−18	4	4
Interest expense	21	24	18	2	—
Total other non-operating (income) expense	−6	30	259,000	5	4
Income (loss) before income taxes	6	−91	−108	−150	−88
Income tax expense	5	1	3	692,000	778,000
Net income (loss)	1	−92	−111	−151	−89
Basic (in usd per share)	0.02	−1.26	−1.52	−2.08	−1.25
Diluted (in usd per share)	0.02	−1.26	−1.52	−2.08	−1.25
Basic (in shares)	74	73	73	72	71
Diluted (in shares)	75	73	73	72	71

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	136	119	149	148	101
Short-term investments and marketable securities	51	41	10	48	55
Accounts receivable, net of allowance of $3,362 and $3,396, respectively	255	195	172	166	130
Deferred commissions, current	35	37	34	30	25
Prepaid expenses and other current assets	42	44	50	28	27
Total current assets	519	436	414	422	338
Property and equipment, net of accumulated depreciation of $40,747 and $32,142, respectively	32	37	43	42	37
Goodwill	29	26	27	26	28
Intangible assets, net of accumulated amortization of $7,301 and $5,341, respectively	1	2	4	5	7
Right-of-use assets for operating leases	28	31	40	37	28
Deferred commissions, net of current portion	65	61	60	56	49
Deferred tax assets	5	4	3	2	1
Other assets	12	25	36	3	2
Total assets	691	621	628	594	505
Accounts payable	7	4	6	8	6
Accrued expenses	18	11	11	12	15
Accrued compensation and related benefits	62	34	38	41	35
Deferred revenue	341	282	236	195	150
Debt	10	10	66	3	0
Operating lease liabilities	13	12	12	9	8
Other current liabilities	1	1	2	3	1
Total current liabilities	452	355	371	270	216
Long-term debt	231	241	140	115	0
Non-current operating lease liabilities	46	52	59	57	49
Deferred revenue, non-current	9	5	5	6	2
Other non-current liabilities	398,000	431,000	0	0	3
Total liabilities	738	654	575	449	271
Commitments and contingent liabilities (see Note 13)	—	—	—	—	—
Treasury stock at cost, 542,288 shares as of December 31, 2025	−17	0	—	—	—
Additional paid-in capital	617	591	596	561	497
Accumulated other comprehensive loss	−36	−12	−24	−7	−6
Accumulated deficit	−611	−612	−520	−408	−258
Total stockholders deficit	−47	−33	52	146	234
Total liabilities and stockholders deficit	691	621	628	594	505

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	42	39	43	39	24
Depreciation expense and amortization of intangible assets	10	10	9	7	6
Lease impairment charges	800,000	6	0	0	—
Bad debt expense	1	2	1	1	410,000
Amortization of debt issuance costs	600,000	589,000	444,000	43,000	0
Benefit for deferred income taxes	−349,000	−899,000	−2	−1	−498,000
Foreign currency transaction losses (gains), net	−22	17	−12	0	0
Accounts receivable	−52	−28	−2	−38	−34
Prepaid expenses and other assets	15	17	−55	−2	2
Deferred commissions	−3	−3	−8	−12	−22
Accounts payable and accrued expenses	9	−871,000	−1	−3	11
Accrued compensation and related benefits	20	−3	−3	7	13
Other current and non-current liabilities	−3	−1	−1	−264,000	−444,000
Deferred revenue	47	49	29	48	33
Operating lease assets and liabilities	−4	−3	2	−329,000	2
Net cash provided by (used by) operating activities	63	7	−110	−107	−54
Proceeds from maturities of investments	53	20	92	85	121
Purchases of investments	−62	−52	−53	−65	−42
Purchases of property and equipment	−3	−4	−10	−9	−6
Net cash (used by) provided by investing activities	−13	−35	29	10	42
Proceeds from borrowings	0	50	92	120	0
Payments for debt issuance costs	0	−463,000	−276,000	−2	0
Debt repayments	−10	−6	−4	−625,000	0
Repurchase of common stock	−20	−50	0	0	—
Payments for employee taxes related to the net share settlement of equity awards	−7	−8	−10	0	0
Proceeds from exercise of common stock options	1	14	752,000	25	3
Net cash (used by) provided by financing activities	−36	−258,000	79	143	3
Effect of foreign exchange rate changes on cash and cash equivalents	3	−2	2	−159,000	694,000
Net increase (decrease) in cash and cash equivalents	17	−31	−1	46	−9
Cash paid for interest	20	23	17	2	323,000
Cash paid for income taxes	5	3	4	1	2
Accrued capital expenditures	87,000	155,000	654,000	2	379,000

Filings

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