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Appian (APPN) Financials

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$21.88 +0.51 (+2.39%)
As of 10:45 AM Eastern
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Annual Income Statements for Appian

Annual Income Statements for Appian

This table shows Appian's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -7.85 -13 -31 -49 -51 -33 -89 -151 -111 -92 1.23
Consolidated Net Income / (Loss)		 -6.99 -12 -31 -49 -51 -33 -89 -151 -111 -92 1.23
Net Income / (Loss) Continuing Operations		 -6.99 -12 -31 -49 -51 -33 -89 -151 -111 -92 1.23
Total Pre-Tax Income 		-6.61 -14 -30 -49 -50 -33 -88 -150 -108 -91 6.44
Total Operating Income		 -4.84 -11 -32 -47 -50 -38 -84 -145 -108 -61 0.61
Total Gross Profit		 63 83 112 142 167 216 265 335 385 449 527
Total Revenue		 111 133 177 227 260 305 369 468 545 617 727
Operating Revenue		 111 133 177 227 260 305 369 468 545 617 727
Total Cost of Revenue		 48 50 65 85 94 89 104 133 160 168 200
Operating Cost of Revenue		 48 50 65 85 94 89 104 133 160 168 200
Total Operating Expenses		 68 94 144 189 217 254 349 480 493 510 527
Selling, General & Admin Expense		 13 17 27 38 41 53 84 120 83 108 113
Marketing Expense		 38 54 82 106 117 130 168 220 250 238 241
Research & Development Expense		 17 23 35 45 58 70 98 139 160 163 172
Total Other Income / (Expense), net		 -1.77 -2.77 1.57 -2.49 0.57 5.31 -3.96 -5.22 -0.26 -30 5.84
Interest Expense		 - - - - - - - 1.67 18 24 21
Other Income / (Expense), net		 -1.58 -1.79 2.04 -2.30 0.94 5.79 -3.58 -3.55 18 -6.77 27
Income Tax Expense		 0.38 -1.68 0.76 0.24 0.82 0.88 0.78 0.69 3.21 1.05 5.21
Basic Earnings per Share		 ($0.23) ($0.39) ($0.63) ($0.80) ($0.77) ($0.48) ($1.25) ($2.08) ($1.52) ($1.26) $0.02
Weighted Average Basic Shares Outstanding		 34.27M 34.27M 49.53M 62.14M 65.48M 69.05M 71.04M 72.46M 73.10M 72.99M 74.05M
Diluted Earnings per Share		 ($0.23) ($0.39) ($0.63) ($0.80) ($0.77) ($0.48) ($1.25) ($2.08) ($1.52) ($1.26) $0.02
Weighted Average Diluted Shares Outstanding		 34.27M 34.27M 49.53M 62.14M 65.48M 69.05M 71.04M 72.46M 73.10M 72.99M 74.65M
Weighted Average Basic & Diluted Shares Outstanding		 34.27M 34.27M 49.53M 62.14M 65.48M 69.05M 72.23M 72.84M 73.40M 74.05M 73.96M

Quarterly Income Statements for Appian

This table shows Appian's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -22 -10 -33 -44 -2.10 -14 -1.18 -0.31 7.83 -5.10 -1.53
Consolidated Net Income / (Loss)		 -22 -10 -33 -44 -2.10 -14 -1.18 -0.31 7.83 -5.10 -1.53
Net Income / (Loss) Continuing Operations		 -22 -10 -33 -44 -2.10 -14 -1.18 -0.31 7.83 -5.10 -1.53
Total Pre-Tax Income 		-22 -8.93 -33 -44 -0.78 -13 -0.44 1.26 9.20 -3.58 -0.93
Total Operating Income		 -15 -17 -20 -39 -7.16 5.03 -0.83 -11 13 -0.69 3.16
Total Gross Profit		 101 111 112 107 117 131 122 127 142 131 148
Total Revenue		 137 145 150 146 154 167 166 171 187 203 202
Operating Revenue		 137 145 150 146 154 167 166 171 187 203 202
Total Cost of Revenue		 36 34 38 39 37 36 44 44 45 71 54
Operating Cost of Revenue		 36 34 38 39 37 36 44 44 45 71 54
Total Operating Expenses		 116 128 131 146 124 126 123 138 129 132 145
Selling, General & Admin Expense		 23 32 33 40 35 34 25 37 36 5.77 34
Marketing Expense		 56 61 58 67 51 55 56 60 52 74 65
Research & Development Expense		 37 35 40 39 39 37 42 40 40 52 46
Total Other Income / (Expense), net		 -6.86 7.89 -14 -4.56 6.38 -18 0.40 12 -3.91 -2.90 -4.09
Interest Expense		 4.92 - 5.65 6.11 6.17 - 5.32 5.32 5.31 4.90 4.17
Other Income / (Expense), net		 -1.94 13 -8.21 1.55 13 -13 5.72 18 1.40 2.01 0.08
Income Tax Expense		 0.18 1.07 -0.47 -0.16 1.32 0.36 0.74 1.57 1.38 1.52 0.59
Basic Earnings per Share		 ($0.30) ($0.13) ($0.45) ($0.60) ($0.03) ($0.18) ($0.02) $0.00 $0.11 ($0.07) ($0.02)
Weighted Average Basic Shares Outstanding		 73.18M 73.10M 73.30M 72.30M 72.40M 72.99M 74.09M 74.20M 74.01M 74.05M 73.82M
Diluted Earnings per Share		 ($0.30) ($0.13) ($0.45) ($0.60) ($0.03) ($0.18) ($0.02) $0.00 $0.10 ($0.06) ($0.02)
Weighted Average Diluted Shares Outstanding		 73.18M 73.10M 73.30M 72.30M 72.40M 72.99M 74.09M 74.20M 74.58M 74.65M 73.82M
Weighted Average Basic & Diluted Shares Outstanding		 73.23M 73.40M 72.24M 72.35M 73.89M 74.05M 74.23M 74.03M 73.82M 73.96M 73.41M

Annual Cash Flow Statements for Appian

This table details how cash moves in and out of Appian's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 6.40 -0.25 43 21 65 -47 -8.50 46 -1.03 -31 17
Net Cash From Operating Activities		 -2.15 -7.76 -9.13 -31 -8.93 -7.62 -54 -107 -110 6.88 63
Net Cash From Continuing Operating Activities		 -2.15 -7.77 -9.13 -31 -8.93 -7.62 -54 -107 -110 6.88 63
Net Income / (Loss) Continuing Operations		 -6.99 -12 -31 -49 -51 -33 -89 -151 -111 -92 1.23
Consolidated Net Income / (Loss)		 -6.99 -12 -31 -49 -51 -33 -89 -151 -111 -92 1.23
Depreciation Expense		 0.76 0.76 0.89 2.02 4.74 5.85 5.74 7.30 9.47 10 9.71
Amortization Expense		 - - - - - 0.00 0.00 0.04 0.44 0.59 0.60
Non-Cash Adjustments To Reconcile Net Income		 -0.69 3.91 16 16 14 28 37 47 29 60 42
Changes in Operating Assets and Liabilities, net		 4.77 0.02 4.87 -0.15 23 -8.10 -7.95 -9.68 -38 28 9.52
Net Cash From Investing Activities		 -0.52 -0.98 -0.43 -7.01 -32 -153 42 10 29 -35 -13
Net Cash From Continuing Investing Activities		 -0.52 -0.98 -0.43 -7.01 -32 -153 42 10 29 -35 -13
Purchase of Property, Plant & Equipment		 -0.52 -0.98 -0.43 -7.01 -32 -1.25 -6.06 -9.10 -9.64 -3.80 -3.32
Purchase of Investments		 - - - 0.00 0.00 -146 -42 -65 -53 -52 -62
Sale and/or Maturity of Investments		 - - - - 0.00 0.00 121 85 92 20 53
Net Cash From Financing Activities		 10 10 51 61 106 110 2.79 143 79 -0.26 -36
Net Cash From Continuing Financing Activities		 10 10 51 61 106 110 2.79 143 79 -0.26 -36
Repayment of Debt		 0.00 -10 -40 0.00 -0.65 -3.82 0.00 -2.57 -3.84 -6.71 -10
Repurchase of Common Equity		 0.00 0.00 -2.42 -0.43 -0.35 -0.35 - 0.00 0.00 -50 -20
Issuance of Debt		 10 20 20 - - 0.00 0.00 120 92 50 0.00
Other Financing Activities, net		 0.00 0.00 1.11 3.13 4.90 6.38 2.79 25 -9.00 6.47 -6.28
Effect of Exchange Rate Changes		 -0.93 -1.51 - - - - 0.69 - - - 3.49
Cash Interest Paid		 0.19 0.90 0.52 0.05 0.33 0.17 0.32 1.67 17 23 20
Cash Income Taxes Paid		 1.06 0.61 0.62 0.68 0.36 1.18 1.51 1.24 4.00 3.33 5.12

Quarterly Cash Flow Statements for Appian

This table details how cash moves in and out of Appian's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -43 19 21 -49 -22 19 16 -23 13 11 14
Net Cash From Operating Activities		 -65 -8.24 19 -18 -8.24 14 45 -1.94 19 1.14 49
Net Cash From Continuing Operating Activities		 -65 -8.24 19 -18 -8.24 14 45 -1.94 19 1.14 49
Net Income / (Loss) Continuing Operations		 -22 -10 -33 -44 -2.10 -14 -1.18 -0.31 7.83 -5.10 -1.53
Consolidated Net Income / (Loss)		 -22 -10 -33 -44 -2.10 -14 -1.18 -0.31 7.83 -5.10 -1.53
Depreciation Expense		 2.34 2.43 2.36 2.58 2.56 2.53 2.45 2.52 2.46 2.28 2.27
Amortization Expense		 0.12 0.10 0.14 0.15 0.15 0.15 0.15 0.15 0.15 0.15 0.15
Non-Cash Adjustments To Reconcile Net Income		 11 1.82 14 22 -3.19 28 -3.38 0.19 14 31 -13
Changes in Operating Assets and Liabilities, net		 -56 -2.59 36 1.62 -5.67 -3.21 47 -4.50 -5.47 -27 61
Net Cash From Investing Activities		 26 28 7.46 -29 -13 -1.10 -24 -9.02 5.64 15 -5.28
Net Cash From Continuing Investing Activities		 26 28 7.46 -29 -13 -1.10 -24 -9.02 5.64 15 -5.28
Purchase of Property, Plant & Equipment		 -0.47 -1.36 -2.20 -0.73 -0.36 -0.51 -0.65 -1.15 -0.65 -0.87 -0.19
Purchase of Investments		 - - 0.00 -28 -14 -8.99 -37 -22 - -2.77 -45
Sale and/or Maturity of Investments		 27 29 9.66 - 1.97 8.41 14 14 6.29 18 40
Net Cash From Financing Activities		 -3.30 -3.22 -4.25 -2.45 -1.80 8.24 -5.51 -13 -11 -6.14 -29
Net Cash From Continuing Financing Activities		 -3.30 -3.22 -4.25 -2.45 -1.80 8.24 -5.51 -13 -11 -6.14 -29
Repayment of Debt		 -0.94 -0.80 -1.71 -1.25 -1.25 -2.50 -2.50 -2.50 - -5.00 -2.50
Repurchase of Common Equity		 - - -50 - - - 0.00 -10 -10 - -22
Other Financing Activities, net		 -2.36 -2.42 -2.52 -1.20 -0.55 11 -3.01 -0.96 -1.17 -1.14 -4.49
Other Net Changes in Cash		 - - -1.32 -0.17 1.12 -1.65 1.05 - - - -0.53
Cash Interest Paid		 9.23 4.95 5.33 5.84 6.03 5.38 5.02 5.01 - 9.62 3.80
Cash Income Taxes Paid		 1.47 1.06 0.75 0.69 0.49 1.41 0.80 1.20 1.39 1.73 1.43

Annual Balance Sheets for Appian

This table presents Appian's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 103 161 233 371 513 505 594 628 621 691
Total Current Assets		 88 145 210 278 365 338 422 414 436 519
Cash & Equivalents		 31 74 95 160 112 101 148 149 119 136
Short-Term Investments		 - - - 0.00 110 55 48 9.65 41 51
Accounts Receivable		 47 55 79 70 97 130 166 172 195 255
Prepaid Expenses		 3.28 7.03 21 33 28 27 28 50 44 42
Other Current Assets		 7.15 9.12 14 15 18 25 30 34 37 35
Plant, Property, & Equipment, net		 3.10 2.66 7.54 40 35 37 0.00 43 37 32
Total Noncurrent Assets		 11 13 16 54 112 129 172 170 148 140
Goodwill		 - - - 0.00 4.86 28 26 27 26 29
Intangible Assets		 - - - 0.00 1.74 7.14 5.25 3.89 2.24 1.25
Noncurrent Deferred & Refundable Income Taxes		 0.01 0.28 0.33 0.49 0.49 1.03 1.94 3.45 4.13 4.85
Other Noncurrent Operating Assets		 11 13 16 54 68 81 138 136 116 105
Total Liabilities & Shareholders' Equity		 103 161 233 371 513 505 594 628 621 691
Total Liabilities		 111 116 160 166 216 271 449 575 654 738
Total Current Liabilities		 76 95 128 112 156 216 270 371 355 452
Short-Term Debt		 6.11 - - - - 0.00 2.74 66 9.60 9.60
Accounts Payable		 5.06 5.23 9.25 5.22 2.97 5.77 8.00 6.17 4.32 6.66
Accrued Expenses		 2.86 6.47 7.46 7.49 5.82 15 12 11 11 18
Current Deferred Revenue		 52 70 96 82 116 150 195 236 282 341
Current Employee Benefit Liabilities		 9.55 12 14 11 23 35 41 38 34 62
Other Current Liabilities		 0.44 1.18 2.37 6.68 7.86 9.18 12 14 13 14
Total Noncurrent Liabilities		 35 20 32 54 60 55 178 204 299 286
Long-Term Debt		 14 - - - - 0.00 115 140 241 231
Noncurrent Deferred Revenue		 18 20 32 7.14 3.89 2.43 5.56 4.70 5.48 8.96
Other Noncurrent Operating Liabilities		 2.77 - 0.00 47 56 52 57 59 53 46
Total Equity & Noncontrolling Interests		 -63 46 73 205 297 234 146 52 -33 -47
Total Preferred & Common Equity		 -63 46 73 205 297 234 146 52 -33 -47
Total Common Equity		 -63 46 73 205 297 234 146 52 -33 -47
Common Stock		 0.00 141 218 341 471 497 561 596 591 617
Retained Earnings		 -65 -96 -146 -135 -169 -258 -408 -520 -612 -611
Treasury Stock		 - - - - - - - - 0.00 -17
Accumulated Other Comprehensive Income / (Loss)		 1.33 0.44 0.54 -0.29 -5.01 -5.69 -7.25 -24 -12 -36

Quarterly Balance Sheets for Appian

This table presents Appian's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 455 645 612 597 595 555 550 593 591 612 623
Total Current Assets		 298 472 436 385 390 364 360 412 412 439 454
Cash & Equivalents		 52 199 172 131 170 121 99 135 112 125 150
Short-Term Investments		 41 56 65 39 0.00 28 41 65 73 66 56
Accounts Receivable		 143 148 134 134 129 132 140 136 151 173 174
Prepaid Expenses		 32 37 33 51 56 48 45 41 41 41 39
Other Current Assets		 28 31 30 31 34 35 35 35 35 34 35
Plant, Property, & Equipment, net		 39 46 45 42 43 41 39 36 35 33 30
Total Noncurrent Assets		 118 127 131 169 163 150 150 145 144 139 139
Goodwill		 24 27 27 26 27 26 27 27 29 29 28
Intangible Assets		 5.14 4.95 4.56 4.09 3.43 3.04 2.79 2.03 1.88 1.57 0.90
Noncurrent Deferred & Refundable Income Taxes		 2.52 1.60 2.47 2.69 3.83 4.37 4.83 4.39 5.18 5.14 4.87
Other Noncurrent Operating Assets		 86 94 98 136 129 116 115 112 108 104 105
Total Liabilities & Shareholders' Equity		 455 645 612 597 595 555 550 593 591 612 623
Total Liabilities		 282 528 532 529 605 600 600 625 644 660 682
Total Current Liabilities		 224 324 325 323 294 294 298 330 347 370 403
Short-Term Debt		 - 65 65 65 7.10 8.35 9.60 9.60 9.60 12 9.60
Accounts Payable		 5.08 3.87 7.10 5.96 9.88 5.74 6.93 6.57 8.88 8.61 4.14
Accrued Expenses		 13 15 12 11 12 14 11 14 15 20 22
Current Deferred Revenue		 161 194 192 195 221 218 224 259 265 275 320
Current Employee Benefit Liabilities		 35 31 35 34 29 34 31 26 34 39 32
Other Current Liabilities		 10 14 14 12 15 14 15 15 15 15 15
Total Noncurrent Liabilities		 57 205 207 206 311 307 301 294 297 290 280
Long-Term Debt		 - 144 143 142 248 246 243 238 236 234 229
Noncurrent Deferred Revenue		 3.41 4.75 3.73 3.24 5.22 4.70 3.37 3.94 11 8.32 6.91
Other Noncurrent Operating Liabilities		 54 56 60 60 58 56 55 52 50 48 44
Total Equity & Noncontrolling Interests		 173 116 81 68 -9.67 -46 -50 -32 -54 -49 -59
Total Preferred & Common Equity		 173 116 81 68 -9.67 -46 -50 -32 -54 -49 -59
Total Common Equity		 173 116 81 68 -9.67 -46 -50 -32 -54 -49 -59
Common Stock		 550 570 579 588 604 609 614 597 605 612 619
Retained Earnings		 -374 -445 -488 -510 -553 -596 -599 -613 -614 -606 -612
Treasury Stock		 - - - - -50 -46 -43 - -10 -20 -29
Accumulated Other Comprehensive Income / (Loss)		 -2.79 -7.95 -11 -10 -11 -12 -23 -16 -35 -35 -36

Annual Metrics And Ratios for Appian

This table displays calculated financial ratios and metrics derived from Appian's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 19.53% 32.96% 28.29% 14.82% 16.99% 21.24% 26.74% 16.53% 13.14% 17.81%
EBITDA Growth		 0.00% -119.12% -133.00% -62.68% 4.70% 41.35% -211.24% -72.74% 43.03% 29.14% 165.96%
EBIT Growth		 0.00% -104.98% -126.20% -64.63% -1.05% 35.15% -172.42% -69.79% 39.17% 25.17% 140.36%
NOPAT Growth		 0.00% -134.82% -179.78% -46.86% -8.02% 24.90% -121.38% -72.82% 25.54% 43.64% 100.27%
Net Income Growth		 0.00% -78.35% -148.83% -59.48% -2.55% 33.99% -164.78% -70.26% 26.16% 17.21% 101.34%
EPS Growth		 0.00% -69.57% -61.54% -26.98% 3.75% 37.66% -160.42% -66.40% 26.92% 17.11% 101.59%
Operating Cash Flow Growth		 0.00% -261.59% -17.69% -243.13% 71.50% 14.63% -607.59% -97.62% -3.65% 106.23% 814.13%
Free Cash Flow Firm Growth		 0.00% 0.00% -217.70% -195.76% -161.61% 81.23% -344.99% -19.07% -7.80% 99.46% 8,742.67%
Invested Capital Growth		 0.00% 0.00% -46.90% 23.01% 309.23% -16.02% 70.45% 0.72% 52.38% -42.03% -88.59%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 4.45% 3.33% 4.46% 6.75% 4.65% 3.71% 3.59% 5.24%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -17.15% 9.08% 14.33% -30.98% -4.15% 25.82% -6.76% 30.07%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -17.32% 6.73% 12.28% -28.95% -4.18% 23.32% -5.89% 48.72%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -15.72% 0.47% 8.18% -24.03% -11.26% 18.06% 26.43% -97.37%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -16.58% 5.77% 11.65% -28.14% -6.02% 17.97% -4.11% 116.87%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -19.40% 8.33% 11.11% -27.55% -5.58% 18.28% -4.13% 120.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 9.41% -36.50% 12.90% 60.92% -88.10% 6.02% 3.79% 145.14% -16.84%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -95.73% 77.12% -24.72% -0.50% 8.46% 96.00% -16.83%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 14.59% 631.70% -18.13% -4.21% -16.15% -5.78% -8.10% 17.58%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 56.40% 62.29% 63.45% 62.55% 63.96% 70.86% 71.81% 71.52% 73.72% 75.66% 72.54%
EBITDA Margin		 -5.09% -9.33% -16.34% -20.73% -17.20% -8.62% -22.14% -30.17% -14.75% -9.24% 5.17%
Operating Margin		 -4.35% -8.55% -18.00% -20.60% -19.38% -12.44% -22.72% -30.99% -19.80% -9.86% 0.08%
EBIT Margin		 -5.77% -9.90% -16.85% -21.62% -19.02% -10.54% -23.69% -31.74% -16.57% -10.96% 3.75%
Profit (Net Income) Margin		 -6.28% -9.37% -17.54% -21.81% -19.48% -10.99% -24.01% -32.25% -20.43% -14.95% 0.17%
Tax Burden Percent		 105.72% 88.10% 102.52% 100.49% 101.64% 102.71% 100.89% 100.46% 102.96% 101.16% 19.13%
Interest Burden Percent		 102.93% 107.46% 101.59% 100.40% 100.74% 101.49% 100.43% 101.13% 119.77% 134.87% 23.61%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 80.87%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% -297.57% -63.41% -113.71% -155.35% -91.34% -53.97% 0.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% -285.49% -60.09% -99.71% -115.65% 129.07% -125.87% 1.91%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 261.14% 50.07% 80.30% 75.84% -21.21% -882.65% -3.46%
Return on Equity (ROE)		 0.00% 154.28% -165.60% -83.31% -36.43% -13.34% -33.42% -79.51% -112.54% -936.62% -3.10%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% -225.47% -46.00% -165.81% -156.07% -132.85% -0.75% 159.40%
Operating Return on Assets (OROA)		 0.00% -12.81% -22.57% -24.87% -16.38% -7.27% -17.21% -27.04% -14.79% -10.83% 4.16%
Return on Assets (ROA)		 0.00% -12.13% -23.51% -25.09% -16.77% -7.57% -17.43% -27.47% -18.24% -14.78% 0.19%
Return on Common Equity (ROCE)		 0.00% 1,212.75% 79.46% -83.31% -36.43% -13.34% -33.42% -79.51% -112.54% -936.62% -3.10%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 19.63% -68.11% -67.56% -24.71% -11.29% -37.89% -103.58% -212.91% 282.67% 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.39 -7.96 -22 -33 -35 -27 -59 -102 -76 -43 0.12
NOPAT Margin		 -3.05% -5.99% -12.60% -14.42% -13.57% -8.71% -15.91% -21.69% -13.86% -6.90% 0.02%
Net Nonoperating Expense Percent (NNEP)		 0.00% -80.80% -20.59% -19.86% -12.08% -3.32% -14.00% -39.70% -220.41% 71.90% -1.55%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - -38.48% -29.19% -19.56% 0.06%
Cost of Revenue to Revenue		 43.60% 37.71% 36.55% 37.45% 36.04% 29.14% 28.19% 28.48% 26.28% 24.34% 27.46%
SG&A Expenses to Revenue		 11.25% 12.82% 15.36% 16.68% 15.94% 17.45% 22.67% 25.67% 21.00% 22.99% 15.59%
R&D to Revenue		 15.06% 17.30% 19.71% 19.72% 22.29% 23.06% 26.41% 29.75% 28.07% 25.12% 23.69%
Operating Expenses to Revenue		 60.76% 70.85% 81.45% 83.15% 83.34% 83.30% 94.53% 102.50% 93.52% 85.52% 72.46%
Earnings before Interest and Taxes (EBIT)		 -6.42 -13 -30 -49 -50 -32 -87 -149 -90 -68 27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -5.66 -12 -29 -47 -45 -26 -82 -141 -80 -57 38
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 41.70 23.24 12.50 38.28 19.84 16.21 52.69 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 41.70 23.24 12.50 39.15 23.33 20.70 129.19 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 10.74 7.50 9.86 37.28 12.57 5.05 5.06 3.95 3.60
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,120.69
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 52.90 290.49 68.70 34.80 28.07 43.63 403.82
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 10.32 7.08 9.24 36.43 12.11 4.88 5.14 4.10 3.67
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 70.97
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 97.77
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22,899.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 367.46 42.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 51.88
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 -2.48 0.00 0.00 0.00 0.00 0.00 0.81 3.95 -7.67 -5.12
Long-Term Debt to Equity		 0.00 -1.72 0.00 0.00 0.00 0.00 0.00 0.79 2.68 -7.38 -4.92
Financial Leverage		 0.00 1.38 -2.27 -1.42 -0.91 -0.83 -0.81 -0.66 -0.16 7.01 -1.81
Leverage Ratio		 0.00 -12.72 7.04 3.32 2.17 1.76 1.92 2.89 6.17 63.37 -16.48
Compound Leverage Factor		 0.00 -13.67 7.16 3.33 2.19 1.79 1.93 2.93 7.39 85.47 -3.89
Debt to Total Capital		 0.00% 167.74% 0.00% 0.00% 0.00% 0.00% 0.00% 44.77% 79.79% 114.99% 124.24%
Short-Term Debt to Total Capital		 0.00% 51.25% 0.00% 0.00% 0.00% 0.00% 0.00% 1.04% 25.63% 4.41% 4.95%
Long-Term Debt to Total Capital		 0.00% 116.49% 0.00% 0.00% 0.00% 0.00% 0.00% 43.73% 54.15% 110.58% 119.29%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 464.77% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -532.52% 100.00% 100.00% 100.00% 100.00% 100.00% 55.23% 20.21% -14.99% -24.24%
Debt to EBITDA		 0.00 -1.61 0.00 0.00 0.00 0.00 0.00 -0.84 -2.57 -4.39 6.40
Net Debt to EBITDA		 0.00 0.90 0.00 0.00 0.00 0.00 0.00 0.57 -0.59 -1.59 1.43
Long-Term Debt to EBITDA		 0.00 -1.12 0.00 0.00 0.00 0.00 0.00 -0.82 -1.74 -4.22 6.15
Debt to NOPAT		 0.00 -2.51 0.00 0.00 0.00 0.00 0.00 -1.16 -2.73 -5.88 2,066.71
Net Debt to NOPAT		 0.00 1.40 0.00 0.00 0.00 0.00 0.00 0.79 -0.63 -2.13 459.99
Long-Term Debt to NOPAT		 0.00 -1.75 0.00 0.00 0.00 0.00 0.00 -1.14 -1.86 -5.65 1,984.34
Altman Z-Score		 0.00 0.00 9.88 6.20 9.55 31.97 10.03 2.47 2.19 1.65 2.19
Noncontrolling Interest Sharing Ratio		 0.00% -686.08% 147.98% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 1.16 1.53 1.63 2.47 2.34 1.57 1.56 1.12 1.23 1.15
Quick Ratio		 0.00 1.03 1.36 1.36 2.05 2.05 1.33 1.34 0.89 1.00 0.98
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 11 -13 -39 -103 -19 -86 -102 -110 -0.60 51
Operating Cash Flow to CapEx		 -409.35% -788.21% -2,108.08% -446.80% -27.53% -609.11% -890.03% -1,171.53% -1,146.02% 181.10% 1,894.94%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -60.95 -6.15 -0.03 2.47
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -63.69 -6.18 0.29 3.02
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -69.12 -6.72 0.13 2.86
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 1.29 1.34 1.15 0.86 0.69 0.73 0.85 0.89 0.99 1.11
Accounts Receivable Turnover		 0.00 2.84 3.46 3.37 3.48 3.63 3.25 3.16 3.23 3.37 3.23
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 42.86 61.32 44.45 11.06 8.13 10.21 0.00 0.00 15.47 21.01
Accounts Payable Turnover		 0.00 9.91 12.56 11.73 12.97 21.68 23.84 19.37 20.23 28.62 36.37
Days Sales Outstanding (DSO)		 0.00 128.55 105.46 108.42 105.00 100.48 112.35 115.43 112.95 108.44 113.01
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 36.83 29.05 31.11 28.14 16.84 15.31 18.84 18.04 12.75 10.04
Cash Conversion Cycle (CCC)		 0.00 91.72 76.41 77.31 76.86 83.64 97.04 96.59 94.90 95.69 102.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 -19 -28 -22 45 38 65 66 100 58 6.61
Invested Capital Turnover		 0.00 -13.83 -7.45 -9.07 21.93 7.28 7.15 7.16 6.59 7.82 22.53
Increase / (Decrease) in Invested Capital		 0.00 -19 -9.01 6.50 67 -7.29 27 0.47 34 -42 -51
Enterprise Value (EV)		 0.00 0.00 1,825 1,606 2,406 11,096 4,473 2,282 2,805 2,527 2,668
Market Capitalization		 0.00 0.00 1,898 1,701 2,566 11,354 4,642 2,362 2,758 2,437 2,615
Book Value per Share		 $0.00 ($1.85) $0.75 $1.15 $3.06 $4.23 $3.29 $2.01 $0.71 ($0.44) ($0.64)
Tangible Book Value per Share		 $0.00 ($1.85) $0.75 $1.15 $3.06 $4.14 $2.80 $1.57 $0.29 ($0.82) ($1.04)
Total Capital		 0.00 12 46 73 205 297 234 264 259 218 194
Total Debt		 0.00 20 0.00 0.00 0.00 0.00 0.00 118 207 250 241
Total Long-Term Debt		 0.00 14 0.00 0.00 0.00 0.00 0.00 115 140 241 231
Net Debt		 0.00 -11 -74 -95 -160 -258 -169 -80 48 91 54
Capital Expenditures (CapEx)		 0.52 0.98 0.43 7.01 32 1.25 6.06 9.10 9.64 3.80 3.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -13 -24 -14 5.63 -13 -34 -43 -49 -69 -110
Debt-free Net Working Capital (DFNWC)		 0.00 18 50 81 165 210 123 155 110 90 77
Net Working Capital (NWC)		 0.00 12 50 81 165 210 123 152 43 81 67
Net Nonoperating Expense (NNE)		 3.60 4.50 8.74 17 15 6.95 30 49 36 50 -1.12
Net Nonoperating Obligations (NNO)		 0.00 -11 -74 -95 -160 -258 -169 -80 48 91 54
Total Depreciation and Amortization (D&A)		 0.76 0.76 0.89 2.02 4.74 5.85 5.74 7.34 9.92 11 10
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -9.53% -13.38% -6.04% 2.16% -4.19% -9.27% -9.24% -9.07% -11.26% -15.17%
Debt-free Net Working Capital to Revenue		 0.00% 13.90% 28.35% 35.82% 63.52% 68.80% 33.19% 33.12% 20.09% 14.65% 10.58%
Net Working Capital to Revenue		 0.00% 9.30% 28.35% 35.82% 63.52% 68.80% 33.19% 32.53% 7.92% 13.09% 9.26%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.48) ($1.25) ($2.08) ($1.52) ($1.26) $0.02
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 70.70M 71.04M 72.46M 73.10M 72.99M 74.05M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.48) ($1.25) ($2.08) ($1.52) ($1.26) $0.02
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 70.70M 71.04M 72.46M 73.10M 72.99M 74.65M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 ($0.48) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 0.00 69.05M 72.23M 72.84M 73.40M 74.05M 73.96M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.39 -7.96 -22 -33 -35 -27 -59 -102 -76 -43 0.43
Normalized NOPAT Margin		 -3.05% -5.99% -12.60% -14.42% -13.57% -8.71% -15.91% -21.69% -13.86% -6.90% 0.06%
Pre Tax Income Margin		 -5.94% -10.64% -17.11% -21.70% -19.16% -10.70% -23.79% -32.10% -19.85% -14.78% 0.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -88.80 -5.06 -2.87 1.31
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -60.67 -4.23 -1.81 0.01
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -94.23 -5.60 -3.03 1.15
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -66.11 -4.77 -1.97 -0.15
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% -24.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% -32.22% -0.87% -0.69% -1.03% 0.00% 0.00% 0.00% -54.21% 1,622.06%

Quarterly Metrics And Ratios for Appian

This table displays calculated financial ratios and metrics derived from Appian's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 73,959,744.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 73,959,744.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.02
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.30% 15.53% 10.80% 14.67% 12.37% 14.70% 11.07% 16.52% 21.39% 21.71% 21.48%
EBITDA Growth		 64.92% 95.46% 16.32% -1.92% 155.10% -270.97% 129.63% 126.50% 111.42% 175.77% -24.27%
EBIT Growth		 60.70% 87.68% 14.84% -2.37% 131.40% -97.36% 117.60% 117.48% 169.39% 117.32% -33.63%
NOPAT Growth		 59.72% 58.57% 44.61% 3.61% 52.97% 129.91% 95.73% 109.91% 322.62% -113.65% 478.42%
Net Income Growth		 49.42% 70.93% 10.61% -2.92% 90.56% -36.39% 96.43% 99.28% 472.62% 62.61% -29.57%
EPS Growth		 50.82% 72.34% 11.76% -3.45% 90.00% -38.46% 95.56% 100.00% 433.33% 66.67% 0.00%
Operating Cash Flow Growth		 -48.74% 34.54% 174.67% -47.57% 87.32% 268.26% 138.34% 88.99% 326.97% -91.80% 8.59%
Free Cash Flow Firm Growth		 -5.01% -59.61% -1.54% -213.06% 198.73% 198.69% 387.65% 248.37% 80.34% 11.66% -22.11%
Invested Capital Growth		 35.62% 52.38% 9.53% 19.07% -40.57% -42.03% -77.99% -87.95% -91.08% -88.59% -260.00%
Revenue Q/Q Growth		 7.34% 6.00% 3.11% -2.26% 5.19% 8.20% -0.16% 2.53% 9.59% 8.48% -0.34%
EBITDA Q/Q Growth		 57.10% 90.93% -1,793.55% -38.34% 123.19% -161.06% 251.22% 23.75% 85.01% -78.11% 51.13%
EBIT Q/Q Growth		 53.35% 77.49% -618.33% -35.71% 114.31% -241.49% 164.05% 34.78% 120.55% -90.90% 145.45%
NOPAT Q/Q Growth		 62.58% -10.59% -16.09% -100.63% 81.74% 170.32% -116.57% 565.52% 310.38% -104.31% 559.39%
Net Income Q/Q Growth		 47.47% 55.03% -229.03% -32.41% 95.18% -549.86% 91.38% 73.49% 2,608.01% -165.21% 70.12%
EPS Q/Q Growth		 48.28% 56.67% -246.15% -33.33% 95.00% -500.00% 88.89% 100.00% 0.00% -160.00% 66.67%
Operating Cash Flow Q/Q Growth		 -444.49% 87.32% 328.85% -193.37% 53.20% 268.26% 224.17% -104.31% 1,064.48% -93.92% 4,194.37%
Free Cash Flow Firm Q/Q Growth		 -226.60% -19.79% 56.15% -82.49% 203.00% 19.74% 27.81% -5.87% 25.19% -25.86% -10.85%
Invested Capital Q/Q Growth		 113.38% -5.78% -24.59% -21.46% 6.50% -8.10% -71.37% -56.99% -21.19% 17.58% -501.47%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 73.69% 76.39% 74.64% 73.09% 75.93% 78.59% 76.62% 74.26% 75.78% 64.77% 73.09%
EBITDA Margin		 -10.72% -0.92% -16.85% -23.84% 5.26% -2.97% 4.49% 5.42% 9.16% 1.85% 2.80%
Operating Margin		 -11.10% -11.58% -13.04% -26.76% -4.65% 3.02% -0.50% -6.44% 7.01% -0.34% 1.56%
EBIT Margin		 -12.51% -2.66% -18.52% -25.71% 3.50% -4.57% 2.93% 3.86% 7.76% 0.65% 1.60%
Profit (Net Income) Margin		 -16.23% -6.89% -21.97% -29.77% -1.36% -8.19% -0.71% -0.18% 4.18% -2.52% -0.75%
Tax Burden Percent		 100.81% 112.00% 98.61% 99.63% 268.89% 102.74% 269.95% -24.74% 85.05% 142.46% 163.63%
Interest Burden Percent		 128.66% 231.33% 120.35% 116.22% -14.50% 174.27% -8.93% 19.16% 63.40% -271.36% -28.77%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 124.74% 14.95% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -44.35% -53.42% -70.91% -199.13% -22.91% 16.52% -4.84% 31.60% 120.02% -5.34% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -3.49% -64.32% -173.80% -242.84% -19.05% -8.33% -5.73% 27.94% 116.03% -11.75% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.82% 10.57% -60.92% -513.22% -156.99% -58.44% 18.44% -46.58% -197.03% 21.28% 0.00%
Return on Equity (ROE)		 -43.52% -42.85% -131.83% -712.35% -179.91% -41.91% 13.60% -14.98% -77.01% 15.94% -1.95%
Cash Return on Invested Capital (CROIC)		 -130.35% -132.85% -98.68% -134.12% -17.59% -0.75% 63.66% 127.55% 180.16% 159.40% 0.00%
Operating Return on Assets (OROA)		 -12.51% -2.37% -16.72% -25.50% 3.63% -4.52% 3.13% 4.43% 9.23% 0.72% 2.01%
Return on Assets (ROA)		 -16.23% -6.15% -19.84% -29.52% -1.42% -8.09% -0.75% -0.21% 4.98% -2.79% -0.95%
Return on Common Equity (ROCE)		 -43.52% -42.85% -131.83% -712.35% -179.91% -41.91% 13.60% -14.98% -77.01% 15.94% -1.95%
Return on Equity Simple (ROE_SIMPLE)		 -199.48% 0.00% 1,112.62% 238.23% 177.95% 0.00% 190.63% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -11 -12 -14 -27 -5.01 3.52 -0.58 2.72 11 -0.48 2.21
NOPAT Margin		 -7.77% -8.11% -9.13% -18.73% -3.25% 2.11% -0.35% 1.59% 5.96% -0.24% 1.09%
Net Nonoperating Expense Percent (NNEP)		 -40.86% 10.90% 102.90% 43.72% -3.86% 24.86% 0.89% 3.66% 3.99% 6.41% 9.25%
Return On Investment Capital (ROIC_SIMPLE)		 - -4.55% - - - 1.62% -0.27% 1.42% 5.66% -0.25% 1.23%
Cost of Revenue to Revenue		 26.31% 23.61% 25.36% 26.91% 24.07% 21.41% 23.38% 25.74% 24.22% 35.23% 26.91%
SG&A Expenses to Revenue		 17.10% 22.15% 22.32% 27.44% 22.52% 20.10% 20.59% 21.62% 19.47% 2.84% 16.65%
R&D to Revenue		 27.09% 23.81% 26.54% 26.93% 25.04% 22.31% 23.74% 23.64% 21.53% 25.66% 22.91%
Operating Expenses to Revenue		 84.79% 87.97% 87.68% 99.85% 80.57% 75.57% 77.12% 80.70% 68.77% 65.11% 71.53%
Earnings before Interest and Taxes (EBIT)		 -17 -3.86 -28 -38 5.39 -7.62 4.88 6.58 15 1.32 3.24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -15 -1.33 -25 -35 8.10 -4.95 7.48 9.25 17 3.75 5.66
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 48.97 52.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 87.72 129.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 6.34 5.06 5.24 3.85 4.15 3.95 3.37 3.37 3.28 3.60 2.34
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,120.69 2,014.88
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.05%
Enterprise Value to Invested Capital (EV/IC)		 31.80 28.07 40.05 39.44 40.98 43.63 131.57 319.36 412.33 403.82 0.00
Enterprise Value to Revenue (EV/Rev)		 6.41 5.14 5.39 4.03 4.34 4.10 3.44 3.46 3.35 3.67 2.38
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 114.52 80.16 70.97 50.74
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 246.81 126.27 97.77 70.78
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 523.06 22,899.66 2,653.30
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 367.46 66.15 46.81 30.65 42.44 27.21
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 74.55 53.85 37.47 51.88 41.46
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.05 3.95 -26.40 -5.56 -5.08 -7.67 -7.81 -4.57 -5.06 -5.12 -4.04
Long-Term Debt to Equity		 2.09 2.68 -25.66 -5.38 -4.88 -7.38 -7.51 -4.39 -4.81 -4.92 -3.88
Financial Leverage		 -0.24 -0.16 0.35 2.11 8.24 7.01 -3.22 -1.67 -1.70 -1.81 -0.89
Leverage Ratio		 4.36 6.17 11.62 33.37 62.67 63.37 -28.69 -11.52 -11.81 -16.48 -13.41
Compound Leverage Factor		 5.61 14.27 13.98 38.78 -9.09 110.44 2.56 -2.21 -7.49 44.72 3.86
Debt to Total Capital		 75.29% 79.79% 103.94% 121.92% 124.53% 114.99% 114.68% 128.01% 124.62% 124.24% 132.86%
Short-Term Debt to Total Capital		 23.75% 25.63% 2.89% 4.01% 4.73% 4.41% 4.44% 5.00% 6.14% 4.95% 5.35%
Long-Term Debt to Total Capital		 51.54% 54.15% 101.05% 117.91% 119.80% 110.58% 110.24% 123.01% 118.48% 119.29% 127.51%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 24.71% 20.21% -3.94% -21.92% -24.53% -14.99% -14.68% -28.01% -24.62% -24.24% -32.86%
Debt to EBITDA		 -1.91 -2.57 -3.38 -3.33 -4.74 -4.39 -10.21 12.35 8.50 6.40 6.66
Net Debt to EBITDA		 -0.35 -0.59 -1.13 -1.38 -2.11 -1.59 -1.99 3.06 1.87 1.43 0.91
Long-Term Debt to EBITDA		 -1.31 -1.74 -3.28 -3.22 -4.56 -4.22 -9.82 11.87 8.08 6.15 6.39
Debt to NOPAT		 -2.25 -2.73 -3.95 -4.00 -4.37 -5.88 -8.41 -25.17 55.46 2,066.71 348.43
Net Debt to NOPAT		 -0.41 -0.63 -1.32 -1.65 -1.95 -2.13 -1.64 -6.24 12.23 459.99 47.40
Long-Term Debt to NOPAT		 -1.54 -1.86 -3.84 -3.87 -4.20 -5.65 -8.08 -24.18 52.73 1,984.34 334.41
Altman Z-Score		 3.50 2.65 2.59 1.69 2.20 1.97 1.86 1.89 2.01 2.06 1.53
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.19 1.12 1.33 1.24 1.21 1.23 1.25 1.19 1.19 1.15 1.13
Quick Ratio		 0.94 0.89 1.02 0.96 0.94 1.00 1.02 0.97 0.98 0.98 0.94
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -39 -46 -20 -37 38 46 58 55 69 51 45
Operating Cash Flow to CapEx		 -13,741.23% -606.62% 858.33% -2,399.86% -2,322.25% 2,714.48% 6,907.22% -169.28% 2,861.01% 131.14% 25,971.81%
Free Cash Flow to Firm to Interest Expense		 -7.83 0.00 0.00 -6.04 6.16 0.00 10.94 10.30 12.91 10.37 10.86
Operating Cash Flow to Interest Expense		 -13.22 0.00 0.00 -2.88 -1.34 0.00 8.46 -0.36 3.52 0.23 11.70
Operating Cash Flow Less CapEx to Interest Expense		 -13.31 0.00 0.00 -3.00 -1.39 0.00 8.33 -0.58 3.40 0.06 11.66
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.00 0.89 0.90 0.99 1.04 0.99 1.07 1.15 1.19 1.11 1.25
Accounts Receivable Turnover		 3.80 3.23 4.04 4.36 4.35 3.37 4.78 4.65 4.42 3.23 4.92
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 12.96 0.00 12.66 13.56 14.59 15.47 16.06 17.39 19.09 21.01 22.90
Accounts Payable Turnover		 26.15 20.23 21.12 23.02 23.10 28.62 18.36 21.29 21.09 36.37 39.21
Days Sales Outstanding (DSO)		 96.12 112.95 90.24 83.79 83.88 108.44 76.43 78.49 82.65 113.01 74.16
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 13.96 18.04 17.28 15.86 15.80 12.75 19.88 17.15 17.30 10.04 9.31
Cash Conversion Cycle (CCC)		 82.16 94.90 72.96 67.94 68.08 95.69 56.55 61.34 65.35 102.97 64.85
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 106 100 75 59 63 58 17 7.13 5.62 6.61 -27
Invested Capital Turnover		 5.71 6.59 7.77 10.63 7.05 7.82 13.78 19.84 20.12 22.53 -153.34
Increase / (Decrease) in Invested Capital		 28 34 6.55 9.48 -43 -42 -59 -52 -57 -51 -43
Enterprise Value (EV)		 3,373 2,805 3,017 2,334 2,583 2,527 2,182 2,277 2,317 2,668 1,816
Market Capitalization		 3,335 2,758 2,932 2,229 2,470 2,437 2,133 2,216 2,263 2,615 1,783
Book Value per Share		 $0.93 $0.71 ($0.13) ($0.63) ($0.69) ($0.44) ($0.43) ($0.72) ($0.66) ($0.64) ($0.80)
Tangible Book Value per Share		 $0.52 $0.29 ($0.54) ($1.04) ($1.11) ($0.82) ($0.81) ($1.14) ($1.07) ($1.04) ($1.19)
Total Capital		 276 259 245 208 203 218 216 192 197 194 179
Total Debt		 207 207 255 254 253 250 248 246 246 241 238
Total Long-Term Debt		 142 140 248 246 243 241 238 236 234 231 229
Net Debt		 38 48 85 105 113 91 48 61 54 54 32
Capital Expenditures (CapEx)		 0.47 1.36 2.20 0.73 0.36 0.51 0.65 1.15 0.65 0.87 0.19
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -42 -49 -67 -70 -68 -69 -109 -111 -110 -110 -145
Debt-free Net Working Capital (DFNWC)		 128 110 103 79 72 90 91 74 81 77 61
Net Working Capital (NWC)		 62 43 96 70 62 81 82 64 69 67 51
Net Nonoperating Expense (NNE)		 12 -1.77 19 16 -2.91 17 0.59 3.03 3.33 4.62 3.73
Net Nonoperating Obligations (NNO)		 38 48 85 105 113 91 48 61 54 54 32
Total Depreciation and Amortization (D&A)		 2.46 2.53 2.50 2.73 2.71 2.68 2.60 2.67 2.61 2.43 2.42
Debt-free, Cash-free Net Working Capital to Revenue		 -7.98% -9.07% -11.98% -12.18% -11.48% -11.26% -17.14% -16.85% -15.95% -15.17% -19.02%
Debt-free Net Working Capital to Revenue		 24.26% 20.09% 18.40% 13.59% 12.02% 14.65% 14.38% 11.24% 11.78% 10.58% 7.98%
Net Working Capital to Revenue		 11.81% 7.92% 17.14% 12.15% 10.41% 13.09% 12.87% 9.78% 10.03% 9.26% 6.72%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.30) ($0.13) ($0.45) ($0.60) ($0.03) ($0.18) ($0.02) $0.00 $0.11 ($0.07) ($0.02)
Adjusted Weighted Average Basic Shares Outstanding		 73.18M 73.10M 73.30M 72.30M 72.40M 72.99M 74.09M 74.20M 74.01M 74.05M 73.82M
Adjusted Diluted Earnings per Share		 ($0.30) ($0.13) ($0.45) ($0.60) ($0.03) ($0.18) ($0.02) $0.00 $0.10 ($0.06) ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding		 73.18M 73.10M 73.30M 72.30M 72.40M 72.99M 74.09M 74.20M 74.58M 74.65M 73.82M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 73.23M 73.40M 72.24M 72.35M 73.89M 74.05M 74.23M 74.03M 73.82M 73.96M 73.41M
Normalized Net Operating Profit after Tax (NOPAT)		 -11 -12 -14 -27 -5.01 3.52 -0.58 -7.69 11 -0.48 2.21
Normalized NOPAT Margin		 -7.77% -8.11% -9.13% -18.73% -3.25% 2.11% -0.35% -4.51% 5.96% -0.24% 1.09%
Pre Tax Income Margin		 -16.10% -6.15% -22.28% -29.88% -0.51% -7.97% -0.26% 0.74% 4.92% -1.77% -0.46%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -3.49 0.00 0.00 -6.16 0.87 0.00 0.92 1.24 2.73 0.27 0.78
NOPAT to Interest Expense		 -2.17 0.00 0.00 -4.49 -0.81 0.00 -0.11 0.51 2.10 -0.10 0.53
EBIT Less CapEx to Interest Expense		 -3.59 0.00 0.00 -6.29 0.82 0.00 0.80 1.02 2.61 0.09 0.73
NOPAT Less CapEx to Interest Expense		 -2.26 0.00 0.00 -4.61 -0.87 0.00 -0.23 0.30 1.98 -0.28 0.48
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% -54.21% 0.00% -58.02% -273.56% 1,622.06% 4,724.07%

Financials Breakdown Chart

Key Financial Trends

Appian Corp (APPN) shows a multi-year growth narrative in revenue with improving but still uneven profitability, and a cash flow profile that has been positive in several quarters but not uniformly so. Below are the key takeaways drawn from quarterly data over the last four years.

  • Revenue growth over the four-year period: Total operating revenue rose from about $125.8 million in 2022 Q4 to roughly $202.9 million in 2025 Q4, signaling sustained top-line expansion.
  • Profitability swing to a positive quarterly result (Q3 2025): Net income from continuing operations was about $7.8 million in 2025 Q3, with basic EPS of $0.11, marking a notable turnaround versus earlier quarters.
  • Positive operating cash flow in multiple quarters: Cash flow from continuing operating activities was positive in several periods (e.g., ~ $44.97 million in 2025 Q1 and ~$18.71 million in 2025 Q3), with 2025 Q4 also showing positive CFO, suggesting improving cash generation from core operations.
  • Rising current deferred revenue indicates strong forward revenue visibility: Current deferred revenue increased from about $194.6 million in 2024 Q3 to approximately $275.4 million in 2025 Q3, signaling a growing subscription backlog and recurring revenue potential.
  • Gross margins generally robust, but with compression in 2025 Q4: Gross profit was about $131.4 million on $202.9 million revenue in 2025 Q4 (roughly 64.7% margin), whereas 2024 Q4 had gross profit of around $131.0 million on $166.7 million revenue (about 78.5% margin), indicating some margin pressure in 2025 Q4.
  • Marketing spend remains sizable relative to revenue: Marketing expense in 2025 Q4 was about $74.3 million on $202.9 million revenue (roughly 37% of revenue), suggesting ongoing customer acquisition investments without immediate profitability gains.
  • Balance sheet dynamics show rising liabilities and negative equity: Long-term debt sits around the mid-$230s million range in 2025, while Retained Earnings are deeply negative (e.g., around -$606 million in 2025 Q3), contributing to negative equity and capital structure concerns.
  • Quarterly profitability remains mixed overall: Across many quarters in the period, net income was negative, with only a few pockets of profitability (most notably 2025 Q3), indicating ongoing profitability volatility.
  • Debt burden and equity erosion pose risks: Substantial long-term debt and persistent negative equity highlight leverage and balance-sheet risk amid ongoing investment and revenue-growth efforts.
05/26/26 11:04 AM ETAI Generated. May Contain Errors.

Appian Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Appian's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Appian's net income appears to be on an upward trend, with a most recent value of $1.23 million in 2025, falling from -$6.99 million in 2015. The previous period was -$92.26 million in 2024. Find out what analysts predict for Appian in the coming months.

Appian's total operating income in 2025 was $609 thousand, based on the following breakdown:
  • Total Gross Profit: $527.34 million
  • Total Operating Expenses: $526.73 million

Over the last 10 years, Appian's total revenue changed from $111.20 million in 2015 to $726.94 million in 2025, a change of 553.7%.

Appian's total liabilities were at $738.39 million at the end of 2025, a 13.0% increase from 2024, and a 566.3% increase since 2016.

In the past 9 years, Appian's cash and equivalents has ranged from $31.14 million in 2016 to $159.76 million in 2019, and is currently $135.81 million as of their latest financial filing in 2025.

Over the last 10 years, Appian's book value per share changed from 0.00 in 2015 to -0.64 in 2025, a change of -63.7%.


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Financial statements for NASDAQ:APPN last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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