APPN (Appian Corporation) Stock Financials & Earnings | Market Cap Arena

APPN (Appian Corporation) Stock Financials & Earnings | Market Cap Arena

APPNAppian Corporation

Mkt Cap$2B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Revenue (TTM)$727M

Net Income (TTM)$1M

EPS (TTM)$0.01

Free Cash Flow (TTM)$63M

Gross Margin74.7%

Op. Margin0.1%

Net Margin0.2%

FCF Margin8.7%

P/S Ratio (TTM)2.6x

P/E Ratio (TTM)1551.2x

YoY Rev Growth+17.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$135M	$99M	-$35M
Q2 23	$128M	$91M	-$41M
Q3 23	$137M	$101M	-$15M
Q4 23	$145M	$111M	-$17M
Q1 24	$150M	$112M	-$20M
Q2 24	$146M	$107M	-$39M
Q3 24	$154M	$117M	-$7M
Q4 24	$167M	$131M	$5M
Q1 25	$166M	$128M	-$834K
Q2 25	$171M	$127M	-$11M
Q3 25	$187M	$142M	$13M
Q4 25	$203M	$147M	-$687K

Valuation

Quarter	P/S	P/E
Q1 23	3.9x	—
Q2 23	3.8x	—
Q3 23	3.6x	—
Q4 23	3.5x	—
Q1 24	3.4x	—
Q2 24	3.3x	—
Q3 24	3.2x	—
Q4 24	3.1x	—
Q1 25	3.0x	—
Q2 25	2.9x	—
Q3 25	2.8x	—
Q4 25	2.6x	1551.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$25M	-$30M
Q2 23	-$12M	-$15M
Q3 23	-$65M	-$65M
Q4 23	-$8M	-$10M
Q1 24	$19M	$17M
Q2 24	-$18M	-$18M
Q3 24	-$8M	-$9M
Q4 24	$14M	$13M
Q1 25	$45M	$44M
Q2 25	-$2M	-$3M
Q3 25	$19M	$18M
Q4 25	$5M	$4M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$4M
Q2 23	$3M
Q3 23	$473K
Q4 23	$1M
Q1 24	$2M
Q2 24	$734K
Q3 24	$355K
Q4 24	$511K
Q1 25	$651K
Q2 25	$1M
Q3 25	$654K
Q4 25	$867K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+18.4%	+23.4%
Q2 23	+16.0%	+10.2%
Q3 23	+16.3%	-2.1%
Q4 23	+15.5%	-2.6%
Q1 24	+10.8%	-0.7%
Q2 24	+14.7%	+10.3%
Q3 24	+12.4%	+5.8%
Q4 24	+14.7%	-0.3%
Q1 25	+11.1%	-1.2%
Q2 25	+16.5%	-2.2%
Q3 25	+21.4%	+7.9%
Q4 25	+21.7%	+25.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$11M	8.2%
Q2 23	$11M	8.7%
Q3 23	$11M	8.0%
Q4 23	$10M	7.0%
Q1 24	$11M	7.1%
Q2 24	$10M	6.8%
Q3 24	$10M	6.2%
Q4 24	$9M	5.4%
Q1 25	$10M	6.0%
Q2 25	$11M	6.3%
Q3 25	$10M	5.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$42M	$30M	$63M
Q2 23	$40M	$29M	$63M
Q3 23	$37M	$23M	$56M
Q4 23	$35M	$32M	$61M
Q1 24	$40M	$33M	$58M
Q2 24	$39M	$40M	$67M
Q3 24	$39M	$35M	$51M
Q4 24	$37M	$34M	$55M
Q1 25	$40M	$34M	$55M
Q2 25	$40M	$37M	$60M
Q3 25	$40M	$36M	$52M
Q4 25	$45M	$33M	$69M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	18.4%	-22.4%	-4.0
Q2 23	16.0%	-26.9%	-10.8
Q3 23	16.3%	-10.8%	5.5
Q4 23	15.5%	-1.0%	14.5
Q1 24	10.8%	-16.4%	-5.6
Q2 24	14.7%	-23.4%	-8.7
Q3 24	12.4%	5.2%	17.5
Q4 24	14.7%	-3.1%	11.6
Q1 25	11.1%	4.4%	15.5
Q2 25	16.5%	5.3%	21.9
Q3 25	21.4%	9.1%	30.5
Q4 25	21.7%	1.8%	23.5

Revenue Segments

Quarter	Cloud Subscriptions	Maintenance And Support	Professional Services Member	Term License Subscriptions
Q4 23	$83M	$7M	$30M	$26M
Q4 24	$99M	$8M	$30M	$30M

Revenue by Geography

Quarter	Non-US	United States
Q1 23	$45M	$90M
Q2 23	$49M	$79M
Q3 23	$48M	$89M
Q4 23	$53M	$93M
Q1 24	$56M	$94M
Q2 24	$56M	$91M
Q3 24	$56M	$98M
Q4 24	$58M	$108M
Q1 25	$60M	$106M
Q2 25	$65M	$105M
Q3 25	$74M	$113M
Q4 25	$73M	$130M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$199M	$56M	$254M
Q2 23	$172M	$65M	$237M
Q3 23	$131M	$39M	$169M
Q4 23	$149M	$10M	$159M
Q1 24	$170M	$0	$170M
Q2 24	$121M	$28M	$149M
Q3 24	$99M	$41M	$140M
Q4 24	$119M	$41M	$160M
Q1 25	$135M	$65M	$200M
Q2 25	$112M	$73M	$185M
Q3 25	$125M	$66M	$192M
Q4 25	$136M	$51M	$187M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	73M	+0.2%
Q2 23	73M	+0.2%
Q3 23	73M	+0.2%
Q4 23	73M	+0.2%
Q1 24	73M	-0.0%
Q2 24	72M	-1.4%
Q3 24	72M	+0.1%
Q4 24	74M	+2.2%
Q1 25	74M	+0.2%
Q2 25	74M	+0.1%
Q3 25	75M	+0.5%
Q4 25	74M	-0.9%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	—	—
FY 17	$251K	705
FY 18	$268K	847
FY 19	$256K	1K
FY 20	$209K	1K
FY 21	$205K	2K
FY 22	$203K	2K
FY 23	$243K	2K
FY 24	$304K	2K
FY 25	$338K	2K