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Appian Corporation operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally. The company offers The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize critical business processes. The company also offers cloud subscriptions bundled with maintenance and support and hosting services, license subscriptions, and maintenance and support for license subscriptions; and professional and customer support services. In addition, the company offers platforms, such as artificial intelligence, low-code, data fabric, process automation, intelligent document processing, process mining, process intelligence, and case management studio; and solutions, including federal acquisition, public sector case management, state and local e-procurement, contract lifecycle management, insurance connected underwriting, and insurance claims processing. It serves financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation industries. Appian Corporation was incorporated in 1999 and is headquartered in McLean, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $727M | $37M | $1M | $60M | -2.6% | 17.8% | - |
| 2024 | $617M | $-58M | $-92M | $3M | 282.7% | 13.1% | - |
| 2023 | $545M | $-81M | $-111M | $-120M | -212.9% | 16.5% | - |
| 2022 | $468M | $-141M | $-151M | $-116M | -103.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 467.99 | 545.36 | 617.02 | 726.94 |
| Cost Of Revenue | 133.31 | 160.34 | 168.24 | 199.60 |
| Gross Profit | 334.69 | 385.02 | 448.78 | 527.34 |
| Operating Expense | 479.69 | 492.99 | 509.63 | 526.73 |
| Operating Income | -145.01 | -107.97 | -60.85 | 0.61 |
| EBITDA | -141.26 | -80.90 | -57.60 | 37 |
| EBIT | -148.56 | -90.37 | -67.63 | 27.29 |
| Pretax Income | -150.23 | -108.23 | -91.21 | 6.44 |
| Tax Provision | 0.69 | 3.21 | 1.05 | 5.21 |
| Net Income | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income Common Stockholders | -150.92 | -111.44 | -92.26 | 1.23 |
| Total Expenses | 613 | 653.34 | 677.88 | 726.33 |
| Interest Expense | 1.67 | 17.86 | 23.58 | 20.85 |
| Research And Development | 139.21 | 160.42 | 163.40 | 172.19 |
| Selling General And Administration | 340.49 | 332.57 | 346.24 | 354.54 |
| Normalized EBITDA | -141.26 | -80.90 | -57.60 | 37 |
| Normalized Income | -150.92 | -111.44 | -92.26 | 1.23 |
| Basic EPS | -2.08 | -1.52 | -1.26 | 0.02 |
| Diluted EPS | -2.08 | -1.52 | -1.26 | 0.02 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Net Income From Continuing Operation Net Minority Interest | -150.92 | -111.44 | -92.26 | 1.23 |
| Reconciled Depreciation | 7.30 | 9.47 | 10.03 | 9.71 |
| Reconciled Cost Of Revenue | 133.31 | 160.34 | 168.24 | 199.60 |
| Net Interest Income | -1.67 | -17.86 | -23.58 | -20.85 |
| Net Income From Continuing And Discontinued Operation | -150.92 | -111.44 | -92.26 | 1.23 |
| Total Operating Income As Reported | -145.01 | -107.97 | -60.85 | 0.61 |
| Diluted Average Shares | 72.45 | 73.10 | 72.99 | 74.65 |
| Basic Average Shares | 72.45 | 73.10 | 72.99 | 74.05 |
| Diluted NI Availto Com Stockholders | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income Including Noncontrolling Interests | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income Continuous Operations | -150.92 | -111.44 | -92.26 | 1.23 |
| Other Income Expense | -3.54 | 17.60 | -6.77 | 26.68 |
| Other Non Operating Income Expenses | -3.54 | 17.60 | -6.77 | 26.68 |
| Net Non Operating Interest Income Expense | -1.67 | -17.86 | -23.58 | -20.85 |
| Interest Expense Non Operating | 1.67 | 17.86 | 23.58 | 20.85 |
| Selling And Marketing Expense | 220.37 | 249.97 | 238.45 | 241.19 |
| General And Administrative Expense | 120.11 | 82.61 | 107.78 | 113.36 |
| Other Gand A | 120.11 | 82.61 | 107.78 | 113.36 |
| Operating Revenue | 467.99 | 545.36 | 617.02 | 726.94 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Appian Corporationthis co. | APPN | $1.6B | 1086.00↑ premium | -34.20 | -2.6% | 79.94 |
| Flywire Corporation | FLYW | $1.7B | 124.36 | 2.00 | 1.6% | 31.16 |
| CTS Corporation | CTS | $1.7B | 24.90 | 2.95 | 11.8% | 13.27 |
| PC Connection, Inc. | CNXN | $1.6B | 19.39 | 1.78 | 9.2% | 11.63 |
| Ouster, Inc. | OUST | $1.6B | - |
| 5.95 |
| -23.1% |
| -19.32 |
| GigaCloud Technology Inc. | GCT | $1.6B | 12.09 | 3.30 | 28.3% | 10.71 |
| Wealthfront Corporation | WLTH | $1.6B | - | 2.55 | -6.8% | -10.29 |
| Asana, Inc. | ASAN | $1.5B | - | 9.88 | -122.6% | -8.96 |
| SkyWater Technology, Inc. | SKYT | $1.5B | 12.50 | 7.90 | 60.7% | 53.50 |
| Peer Median | - | 19.39 | 3.12 | 5.4% | 11.17 | |