NASDAQ : APPN
Appian Corporation — Financial statements
Technology · Software - Infrastructure · United States
Last price 49.1 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 3.52B
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Financial statements
Appian Corporation (APPN) reported revenue of 795.31M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 795.31M | 726.94M | 617.02M | 545.36M | 467.99M | 369.26M |
| Cost of Revenue | 219.53M | 199.60M | 166.84M | 160.15M | 133.31M | 104.09M |
| Gross Profit | 575.78M | 527.34M | 450.18M | 385.21M | 334.69M | 265.17M |
| Selling, General & Admin | 364.07M | 343.36M | 332.04M | 329.55M | 340.49M | 251.56M |
| Research & Development | 181.33M | 172.19M | 163.40M | 159.40M | 139.21M | 97.52M |
| Operating Expenses | 545.40M | 515.54M | 495.44M | 488.95M | 479.69M | 349.07M |
| Operating Income | 30.38M | 11.79M | -45.26M | -103.74M | -145.01M | -83.91M |
| Interest Expense | -18.16M | -20.85M | -23.58M | -17.86M | -1.67M | -372.00K |
| Currency Exchange Gain (Loss) | 35.70M | 19.80M | -16.80M | 8.70M | -6.10M | -3.70M |
| Other Non Operating Income (Expenses) | -33.04M | 6.88M | 10.03M | 8.90M | 2.56M | 116.00K |
| EBT Excluding Unusual Items | 14.87M | 17.63M | -75.61M | -104.00M | -150.23M | -87.86M |
| Merger & Restructuring Charges | -779.00K | -779.00K | -5.46M | |||
| Legal Settlements | -19.45M | -10.41M | -4.60M | 2.06M | ||
| Other Unusual Items | -5.53M | -6.30M | ||||
| Pretax Income | -5.36M | 6.44M | -91.21M | -108.23M | -150.23M | -87.86M |
| Income Tax Expense | 5.26M | 5.21M | 1.05M | 3.21M | 692.00K | 778.00K |
| Net Income | -10.62M | 1.23M | -92.26M | -111.44M | -150.92M | -88.64M |
| Net Income to Common | -10.62M | 1.23M | -92.26M | -111.44M | -150.92M | -88.64M |
| Shares Outstanding (Basic) | 73.65M | 74.05M | 72.99M | 73.10M | 72.46M | 71.04M |
| Shares Outstanding (Diluted) | 73.65M | 74.65M | 72.99M | 73.10M | 72.46M | 71.04M |
| EPS (Basic) | -0.14 | 0.02 | -1.26 | -1.52 | -2.08 | -1.25 |
| EPS (Diluted) | -0.14 | 0.02 | -1.26 | -1.52 | -2.08 | -1.25 |
| Free Cash Flow | 76.75M | 59.56M | 3.08M | -120.08M | -115.65M | -59.98M |
| Free Cash Flow Per Share | 1.04 | 0.80 | 0.04 | -1.64 | -1.60 | -0.84 |
| Gross Margin | 72.40% | 72.54% | 72.96% | 70.63% | 71.52% | 71.81% |
| Operating Margin | 3.82% | 1.62% | -7.33% | -19.02% | -30.99% | -22.72% |
| Profit Margin | -1.33% | 0.17% | -14.95% | -20.43% | -32.25% | -24.01% |
| Free Cash Flow Margin | 9.65% | 8.19% | 0.50% | -22.02% | -24.71% | -16.24% |
| EBITDA | 39.89M | 21.50M | -35.23M | -94.27M | -137.71M | -78.16M |
| EBITDA Margin | 5.02% | 2.96% | -5.71% | -17.29% | -29.43% | -21.17% |
| D&A For EBITDA | 9.52M | 9.71M | 10.03M | 9.47M | 7.30M | 5.74M |
| EBIT | 30.38M | 11.79M | -45.26M | -103.74M | -145.01M | -83.91M |
| EBIT Margin | 3.82% | 1.62% | -7.33% | -19.02% | -30.99% | -22.72% |
| Effective Tax Rate | 80.87% | |||||
| Revenue as Reported | 795.31M | 726.94M | 617.02M | 545.36M | 467.99M | 369.26M |
| Advertising Expenses | 4.40M | 3.90M | 4.20M | 5.80M | 4.40M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 121.11M | 135.81M | 118.55M | 149.35M | 148.13M | 100.80M |
| Short-Term Investments | 46.76M | 51.41M | 41.31M | 9.65M | 47.86M | 55.18M |
| Cash & Short-Term Investments | 167.87M | 187.22M | 159.86M | 159.00M | 196.00M | 155.97M |
| Accounts Receivable | 178.95M | 265.94M | 208.00M | 183.61M | 178.50M | 130.05M |
| Receivables | 178.95M | 265.94M | 208.00M | 183.61M | 178.50M | 130.05M |
| Prepaid Expenses | 18.26M | 18.59M | 31.05M | 37.48M | 15.55M | 26.78M |
| Restricted Cash | 2.25M | 791.00K | ||||
| Other Current Assets | 44.93M | 47.67M | 36.63M | 34.26M | 30.20M | 24.67M |
| Total Current Assets | 410.01M | 519.42M | 435.54M | 414.36M | 422.50M | 338.26M |
| Property, Plant & Equipment | 61.10M | 60.16M | 68.19M | 82.66M | 79.10M | 64.81M |
| Long-Term Investments | 12.04M | |||||
| Goodwill | 27.97M | 28.81M | 25.55M | 27.11M | 26.35M | 27.80M |
| Other Intangible Assets | 588.00K | 1.25M | 2.24M | 3.89M | 5.25M | 7.14M |
| Long-Term Accounts Receivable | 191.00K | 208.00K | 643.00K | 915.00K | 1.72M | |
| Long-Term Deferred Tax Assets | 4.86M | 4.85M | 4.13M | 3.45M | 1.94M | 1.02M |
| Long-Term Deferred Charges | 79.38M | 75.60M | 60.54M | 59.76M | 55.79M | 49.02M |
| Other Long-Term Assets | 1.62M | 1.09M | 24.20M | 35.36M | 1.57M | 4.42M |
| Total Assets | 585.71M | 691.39M | 621.04M | 627.50M | 594.21M | 504.52M |
| Accounts Payable | 8.08M | 6.66M | 4.32M | 6.17M | 8.00M | 5.77M |
| Accrued Expenses | 61.51M | 76.87M | 43.97M | 47.04M | 50.90M | 44.17M |
| Current Portion of Long-Term Debt | 9.60M | 9.60M | 9.60M | 66.37M | 2.74M | |
| Current Portion of Leases | 14.17M | 13.18M | 12.38M | 11.70M | 8.68M | 8.11M |
| Current Income Taxes Payable | 931.00K | 1.95M | 1.28M | 1.26M | 827.00K | 550.00K |
| Current Unearned Revenue | 314.26M | 341.28M | 281.76M | 235.99M | 194.77M | 150.17M |
| Other Current Liabilities | 3.27M | 2.57M | 1.44M | 2.64M | 4.34M | 6.96M |
| Total Current Liabilities | 411.82M | 452.11M | 354.76M | 371.17M | 270.25M | 215.72M |
| Long-Term Debt | 226.43M | 231.23M | 240.83M | 140.22M | 115.38M | |
| Long-Term Leases | 45.13M | 45.69M | 52.19M | 59.07M | 57.23M | 48.78M |
| Long-Term Unearned Revenue | 7.21M | 8.96M | 5.48M | 4.70M | 5.56M | 2.43M |
| Long-Term Deferred Tax Liabilities | 2.00K | 102.00K | 209.00K | |||
| Other Long-Term Liabilities | 311.00K | 398.00K | 431.00K | 3.46M | ||
| Total Liabilities | 690.89M | 738.39M | 653.68M | 575.16M | 448.51M | 270.60M |
| Common Stock | 7.00K | 7.00K | 7.00K | 7.00K | 7.00K | 7.00K |
| Additional Paid-In Capital | 623.09M | 617.32M | 591.28M | 595.78M | 561.39M | 497.13M |
| Retained Earnings | -624.26M | -610.92M | -612.15M | -519.89M | -408.45M | -257.53M |
| Treasury Stock | -70.39M | -16.93M | ||||
| Comprehensive Income & Other | -33.62M | -36.46M | -11.77M | -23.55M | -7.25M | -5.69M |
| Total Common Equity | -105.18M | -46.99M | -32.64M | 52.34M | 145.70M | 233.92M |
| Shareholders' Equity | -105.18M | -46.99M | -32.64M | 52.34M | 145.70M | 233.92M |
| Total Liabilities & Equity | 585.71M | 691.39M | 621.04M | 627.50M | 594.21M | 504.52M |
| Total Debt | 295.33M | 299.70M | 314.99M | 277.35M | 184.03M | 56.89M |
| Net Cash (Debt) | -127.46M | -112.47M | -155.13M | -118.35M | 11.97M | 99.08M |
| Net Cash Per Share | -1.73 | -1.51 | -2.13 | -1.62 | 0.17 | 1.39 |
| Filing Date Shares Outstanding | 71.63M | 73.96M | 74.05M | 73.40M | 72.84M | 72.23M |
| Total Common Shares Outstanding | 71.80M | 73.95M | 74.03M | 73.37M | 72.82M | 71.46M |
| Working Capital | -1.81M | 67.32M | 80.79M | 43.18M | 152.25M | 122.54M |
| Book Value Per Share | -1.46 | -0.64 | -0.44 | 0.71 | 2.00 | 3.27 |
| Tangible Book Value | -133.74M | -77.05M | -60.44M | 21.35M | 114.10M | 198.98M |
| Tangible Book Value Per Share | -1.86 | -1.04 | -0.82 | 0.29 | 1.57 | 2.78 |
| Machinery | 4.86M | 4.83M | 4.64M | 4.02M | 13.41M | 8.66M |
| Construction In Progress | 1.73M | 690.00K | 619.00K | |||
| Leasehold Improvements | 55.56M | 55.47M | 54.09M | 53.31M | 45.96M | 41.01M |
| Order Backlog | 661.80M | 546.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -10.62M | 1.23M | -92.26M | -111.44M | -150.92M | -88.64M |
| Depreciation & Amortization | 13.71M | 13.51M | 13.21M | 12.15M | 8.79M | 7.10M |
| Other Amortization | 600.00K | 600.00K | 589.00K | 444.00K | 43.00K | |
| Loss (Gain) From Sale of Assets | 3.00K | 79.00K | ||||
| Asset Writedown & Restructuring Costs | 779.00K | 779.00K | 5.46M | |||
| Stock-Based Compensation | 43.26M | 41.54M | 39.05M | 43.39M | 38.83M | 23.84M |
| Provision & Write-off of Bad Debts | 1.32M | 1.23M | 1.76M | 1.09M | 1.30M | 410.00K |
| Other Operating Activities | -1.63M | -25.88M | 12.67M | -16.48M | -2.58M | -1.86M |
| Change in Accounts Receivable | -18.45M | -51.67M | -28.35M | -1.87M | -37.92M | -33.90M |
| Change in Accounts Payable | 6.01M | 9.27M | -871.00K | -1.39M | -3.29M | 11.47M |
| Change in Unearned Revenue | 46.22M | 47.20M | 49.31M | 28.67M | 47.53M | 33.38M |
| Change in Other Net Operating Assets | -444.00K | 25.07M | 6.32M | -65.00M | -8.34M | -5.80M |
| Operating Cash Flow | 80.76M | 62.87M | 6.88M | -110.44M | -106.55M | -53.92M |
| Capital Expenditures | -4.01M | -3.32M | -3.80M | -9.64M | -9.10M | -6.06M |
| Cash Acquisitions | -30.73M | |||||
| Investment in Securities | 26.00M | -9.51M | -31.59M | 38.23M | 19.36M | 78.72M |
| Investing Cash Flow | 21.99M | -12.83M | -35.39M | 28.59M | 10.26M | 41.94M |
| Long-Term Debt Issued | 50.00M | 92.00M | 120.00M | |||
| Long-Term Debt Repaid | -10.00M | -6.25M | -3.56M | -625.00K | ||
| Net Debt Issued (Repaid) | -10.00M | -10.00M | 43.75M | 88.44M | 119.38M | |
| Issuance of Common Stock | 1.49M | 1.12M | 14.46M | 752.00K | 25.43M | 2.79M |
| Repurchase of Common Stock | -85.06M | -27.40M | -58.01M | -9.75M | ||
| Other Financing Activities | -463.00K | -276.00K | -1.94M | |||
| Financing Cash Flow | -93.57M | -36.28M | -258.00K | 79.17M | 142.87M | 2.79M |
| Foreign Exchange Rate Adjustments | -274.00K | 3.49M | -2.03M | 1.66M | -159.00K | 694.00K |
| Net Cash Flow | 8.90M | 17.26M | -30.80M | -1.03M | 46.42M | -8.50M |
| Free Cash Flow | 76.75M | 59.56M | 3.08M | -120.08M | -115.65M | -59.98M |
| Free Cash Flow Margin | 9.65% | 8.19% | 0.50% | -22.02% | -24.71% | -16.24% |
| Free Cash Flow Per Share | 1.04 | 0.80 | 0.04 | -1.64 | -1.60 | -0.84 |
| Levered Free Cash Flow | 109.32M | 86.70M | 25.36M | -24.23M | -46.10M | -8.30M |
| Unlevered Free Cash Flow | 120.07M | 99.13M | 39.51M | -13.51M | -45.10M | -8.06M |
| Cash Interest Paid | 16.96M | 19.64M | 22.57M | 16.91M | 1.67M | 323.00K |
| Cash Income Tax Paid | 5.67M | 5.12M | 3.33M | 4.00M | 1.24M | 1.50M |
| Change in Working Capital | 33.34M | 29.86M | 26.41M | -39.59M | -2.01M | 5.14M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.52B | 2.61B | 2.40B | 2.76B | 2.36B | 4.64B |
| Enterprise Value | 3.64B | 2.73B | 2.58B | 2.87B | 2.33B | 4.51B |
| Last Close Price | 49.10 | 35.42 | 32.98 | 37.66 | 32.56 | 65.21 |
| PE Ratio | 2,120.70 | |||||
| Forward PE | 39.55 | 63.49 | ||||
| PS Ratio | 4.42 | 3.60 | 3.89 | 5.06 | 5.05 | 12.57 |
| PB Ratio | -55.64 | -73.52 | 52.69 | 16.21 | 19.84 | |
| P/TBV Ratio | 129.19 | 20.70 | 23.33 | |||
| P/FCF Ratio | 45.83 | 43.91 | 779.10 | |||
| P/OCF Ratio | 43.55 | 41.59 | 348.88 | |||
| EV/Sales Ratio | 4.58 | 3.75 | 4.18 | 5.26 | 4.98 | 12.21 |
| EV/EBITDA Ratio | 91.36 | 126.96 | ||||
| EV/EBIT Ratio | 119.98 | 231.44 | ||||
| EV/FCF Ratio | 47.49 | 45.84 | 837.40 | |||
| Debt / Equity Ratio | -2.81 | -6.38 | -9.65 | 5.30 | 1.26 | 0.24 |
| Debt / EBITDA Ratio | 5.30 | 8.13 | ||||
| Debt / FCF Ratio | 3.85 | 5.03 | 102.27 | |||
| Net Debt / Equity Ratio | -1.21 | -2.39 | -4.75 | 2.26 | -0.08 | -0.42 |
| Net Debt / EBITDA Ratio | 3.19 | 5.23 | -4.40 | -1.26 | 0.09 | 1.27 |
| Net Debt / FCF Ratio | 1.66 | 1.89 | 50.37 | -0.99 | 0.10 | 1.65 |
| Asset Turnover | 1.35 | 1.11 | 0.99 | 0.89 | 0.85 | 0.73 |
| Quick Ratio | 0.84 | 1.00 | 1.04 | 0.92 | 1.39 | 1.33 |
| Current Ratio | 1.00 | 1.15 | 1.23 | 1.12 | 1.56 | 1.57 |
| Return on Equity (ROE) | -936.62% | -112.54% | -79.51% | -33.42% | ||
| Return on Assets (ROA) | 3.23% | 1.12% | -4.53% | -10.61% | -16.50% | -10.31% |
| Return on Invested Capital (ROIC) | 15.40% | 0.89% | -20.71% | -68.15% | -107.99% | -62.79% |
| Return on Capital Employed (ROCE) | 17.50% | 4.90% | -17.00% | -40.50% | -44.80% | -29.10% |
| Earnings Yield | -0.29% | 0.05% | -3.84% | -4.04% | -6.39% | -1.91% |
| FCF Yield | 2.18% | 2.28% | 0.13% | -4.35% | -4.90% | -1.29% |
| Buyback Yield / Dilution | 0.02% | -2.28% | 0.16% | -0.89% | -2.00% | -2.88% |