Loading…
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% | -101.3% |
| 2024 | $617M | $-58M | $-92M | $3M | 282.7% | 13.1% | -17.2% |
| 2023 | $545M | $-81M | $-111M | $-120M | -212.9% | 16.5% | -26.2% |
| 2022 | $468M | $-141M | $-151M | $-116M | -103.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 467.99 | 545.36 | 617.02 | 726.94 |
| Operating Revenue | - | 467.99 | 545.36 | 617.02 | 726.94 |
| Cost Of Revenue | - | 133.31 | 160.34 | 168.24 | 199.60 |
| Gross Profit | - | 334.68 | 385.02 | 448.78 | 527.34 |
| Operating Expense | - | 479.70 | 492.99 | 509.64 | 526.73 |
| Research And Development | - | 139.21 | 160.42 | 163.40 | 172.19 |
| Selling General And Administration | - | 340.48 | 332.57 | 346.24 | 354.54 |
| Total Expenses | - | 613 | 653.34 | 677.88 | 726.33 |
| Operating Income | - | -145.01 | -107.97 | -60.85 | 0.61 |
| Total Operating Income As Reported | - | -145.01 | -107.97 | -60.85 | 0.61 |
| EBITDA | - | -141.26 | -80.90 | -57.60 | 37 |
| Normalized EBITDA | - | -141.26 | -80.90 | -57.60 | 37 |
| EBIT | - | -148.56 | -90.37 | -67.63 | 27.29 |
| Interest Expense | - | 1.67 | 17.86 | 23.58 | 20.85 |
| Net Interest Income | - | -1.67 | -17.86 | -23.58 | -20.85 |
| Other Non Operating Income Expenses | - | -3.54 | 17.60 | -6.77 | 26.68 |
| Other Income Expense | - | -3.54 | 17.60 | -6.77 | 26.68 |
| Interest Expense Non Operating | - | 1.67 | 17.86 | 23.58 | 20.85 |
| Net Non Operating Interest Income Expense | - | -1.67 | -17.86 | -23.58 | -20.85 |
| Pretax Income | - | -150.23 | -108.23 | -91.21 | 6.44 |
| Tax Provision | - | 0.69 | 3.21 | 1.05 | 5.21 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income From Continuing And Discontinued Operation | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income From Continuing Operation Net Minority Interest | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income Common Stockholders | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Net Income Including Noncontrolling Interests | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Normalized Income | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Diluted NI Availto Com Stockholders | - | -150.92 | -111.44 | -92.26 | 1.23 |
| Basic Average Shares | - | 72.46 | 73.10 | 72.99 | 74.05 |
| Diluted Average Shares | - | 72.46 | 73.10 | 72.99 | 74.65 |
| Reconciled Depreciation | - | 7.30 | 9.47 | 10.03 | 9.71 |
| Reconciled Cost Of Revenue | - | 133.31 | 160.34 | 168.24 | 199.60 |
| General And Administrative Expense | - | 120.11 | 82.61 | 107.78 | 113.36 |
| Other Gand A | - | 120.11 | 82.61 | 107.78 | 113.36 |
| Selling And Marketing Expense | - | 220.37 | 249.97 | 238.45 | 241.19 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Appian Corporationthis co. | APPN | $1.8B | 1466.45↑ premium | - | -2.6% | 51.79 |
| Five9, Inc. | FIVN | $1.9B | 47.51 | 2.38 | 5.0% | 20.25 |
| SkyWater Technology, Inc. | SKYT | $1.9B | 15.70 | 9.94 | 63.3% | 14.46 |
| Asana, Inc. | ASAN | $1.9B | - | 12.07 | -122.6% | - |
| AMBQ | AMBQ | $1.8B | -49.83 | 11.18 |
| - |
| - |
| - |
| - |
| - |
| -22.4% |
| -51.89 |
| Semrush Holdings, Inc. | SEMR | $1.8B | -95.70 | 6.29 | -6.6% | -174.63 |
| PC Connection, Inc. | CNXN | $1.8B | 21.55 | 1.98 | 9.2% | 11.36 |
| Flywire Corporation | FLYW | $1.8B | 133.32 | 2.15 | 1.6% | 28.82 |
| Alkami Technology, Inc. | ALKT | $1.7B | -36.34 | 4.78 | -13.2% | -90.26 |
| Peer Median | - | 15.70 | 5.53 | -2.5% | 11.36 | |