Saturday 17 October 2026 Export APPN’s income statement to Excel — free account

Appian Corporation

Appian Corporation’s revenue for fiscal 2025 (year ended December 2025) was $726.9 million, up 17.8% from fiscal 2024. In the quarter to June 2026, revenue grew 19.1%, EPS fell 3,709.5%, free cash flow grew 416.9% and total debt fell 3.91%, each against the same quarter a year earlier. Revenue growth for ten consecutive years; insiders bought in the last twelve months.

41.17 2.65 −6.05%

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Market cap: $3.1B
P/E: 0.0×
Fwd P/E: −206×
Dividend yield: —
F-score: 6/9
Altman Z: 2.07
Beneish M: −2.70
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.10

Total sells 7.52

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	—	—
Sell	—	—	—	—	1	—	—	1	1	1	1	1

Insider Ownership 49.75%

Capital & Financial Ratios $m

Market Cap 3,140.00

Revenue 795.31

Net Income (10.62)

Free Cash Flow 76.75

Net Debt 68.16

Current Ratio 1.00

Debt/Equity (2.24)

P/E ratio 0.00

Fwd P/E (206.00)

P/S ratio 3.77

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 77.52%

Next Y EPS Growth 31.30%

Next Y revenue growth 16.89%

Next 5Y EPS Growth 40.17%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 16.86%

10-year low 10-year high

EV/Sales against its own 10 years 16.05%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	159	160	187	168
Receivables	172	195	255	171
Inventory	—	—	—	—
Other	34	37	35	38
	414	436	519	410

	2023	2024	2025	Q'26
Payables	6	4	7	8
ST’ Debt	66	10	10	10
Other	2	1	1	1
	371	355	452	412

Compound Annual Growth %

	10y	5y	3y
Sales	20.65%	19.00%	15.81%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	202	203	—	—	—
’25	166	171	187	203	727
’24	150	146	154	167	617
’23	135	128	137	145	545
’22	114	110	118	126	468
’21	89	83	92	105	369
’20	79	67	77	82	305

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	49	12	—	—	—
’25	45	(2)	19	1	63
’24	19	(18)	(8)	14	7
’23	(25)	(12)	(65)	(8)	(110)
’22	(21)	(30)	(44)	(13)	(107)
’21	(3)	(7)	(25)	(19)	(54)
’20	(4)	(3)	(6)	6	(8)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	49	10	—	—	—
’25	44	(3)	18	0	60
’24	17	(18)	(9)	13	3
’23	(30)	(15)	(65)	(10)	(120)
’22	(24)	(31)	(45)	(16)	(116)
’21	(3)	(7)	(27)	(23)	(60)
’20	(4)	(4)	(7)	6	(9)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.02)	(0.16)	—	—	—
’25	(0.02)	0.00	0.10	(0.07)	0.02
’24	(0.45)	(0.60)	(0.03)	(0.18)	(1.26)
’23	(0.51)	(0.58)	(0.30)	(0.14)	(1.52)
’22	(0.32)	(0.68)	(0.61)	(0.47)	(2.08)
’21	(0.19)	(0.34)	(0.36)	(0.36)	(1.25)
’20	(0.17)	(0.17)	(0.05)	(0.09)	(0.48)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	14.60	22.61	25.22	29.07	62.91	31.18	29.80	26.28	24.00	Analyst estimates 2026–2028 Powerpack
	High	—	34.53	43.61	62.94	216.41	260.00	66.91	54.26	43.33	46.06
People
People	Employees	753	859	1,058	1,018	1,460	1,798	2,307	2,243	2,033	2,149
	Revenue/emp, $m	0.18	0.21	0.21	0.26	0.21	0.21	0.20	0.24	0.30	0.34
Income, $m
Income, $m	Revenue	133	177	227	260	305	369	468	545	617	727
	Gross margin, %	62.29	63.45	62.55	63.96	70.86	71.81	71.52	70.60	72.73	72.54
	EBT	(14)	(30)	(49)	(50)	(33)	(88)	(150)	(108)	(91)	6
	EBT margin, %	(10.64)	(17.11)	(21.70)	(19.16)	(10.70)	(23.79)	(32.10)	(19.85)	(14.78)	0.89
	Net income	(12)	(31)	(49)	(51)	(33)	(89)	(151)	(111)	(92)	1
	Depreciation	1	1	2	5	6	6	7	10	11	10
Per share, $
Per share, $	Revenue	3.88	3.57	3.65	3.98	4.41	5.20	6.46	7.46	8.45	9.82
	Earnings	(0.36)	(0.63)	(0.80)	(0.77)	(0.48)	(1.25)	(2.08)	(1.52)	(1.26)	0.02
	Cash flow	(0.23)	(0.18)	(0.50)	(0.14)	(0.11)	(0.76)	(1.47)	(1.51)	0.09	0.85
	Capex	(0.03)	(0.01)	(0.11)	(0.50)	(0.02)	(0.09)	(0.13)	(0.13)	(0.05)	(0.04)
	Free cash flow	(0.25)	(0.19)	(0.62)	(0.63)	(0.13)	(0.84)	(1.60)	(1.64)	0.04	0.80
	Book value	(0.24)	0.92	1.18	3.13	4.30	3.29	2.01	0.72	(0.45)	(0.63)
	Shares, m	34	50	62	65	69	71	72	73	73	74
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,779.90
	P/S	0.00	9.27	7.32	9.61	36.75	12.54	5.02	4.71	3.90	3.61
	P/B	0.00	35.97	22.68	12.19	37.74	19.80	16.11	49.08	0.00	0.00
	EV/Sales	0.00	8.85	6.90	9.03	36.21	12.27	4.85	4.80	4.05	3.68
	EV/FCF	(100.29)	(163.55)	(40.82)	(56.83)	(1,243.19)	(75.57)	(19.61)	(21.79)	810.94	44.94
Cash, $m
Cash, $m	Operating cash flow	(8)	(9)	(31)	(9)	(8)	(54)	(107)	(110)	7	63
	Capex	(1)	0	(7)	(32)	(1)	(6)	(9)	(10)	(4)	(3)
	Free cash flow	(9)	(10)	(38)	(41)	(9)	(60)	(116)	(120)	3	60
Balance, $m
Balance, $m	Working capital	12	50	81	165	210	123	152	43	81	67
	Total debt	20	—	—	8	58	57	118	207	250	241
	Net debt	(11)	(74)	(95)	(152)	(164)	(100)	(80)	48	91	54
	Shareholders’ equity	(8)	46	73	205	297	234	146	52	(33)	(47)
Returns, %
Returns, %	ROA	(25.93)	(23.78)	(25.09)	(16.77)	(7.57)	(17.43)	(27.47)	(18.24)	(14.78)	0.19
	ROIC	0.00	0.00	0.00	(59.36)	(17.89)	(39.12)	(138.21)	(67.53)	(65.66)	5.76
	ROE	148.24	349.11	(83.31)	(36.43)	(13.34)	(33.42)	(79.51)	(112.54)	(936.62)	(3.10)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WIX Wix.com Ltd.	$3.4B	— (loss-making)	— (loss-making)	+14.93% (above 0%: growing)	n/m	−64.35% (below 0%: shrinking)	65.77%	(10.44%)	Compare
AVPT AvePoint, Inc.	$3.2B	43.4×	42.5×	+22.03% (above 0%: growing)	+1,200.00% (above 0%: growing)	−25.04% (below 0%: shrinking)	73.10%	8.21%	Compare
APPN Appian Corporation	$3.1B	— (loss-making)	— (loss-making)	+19.11% (above 0%: growing)	n/m	+416.88% (above 0%: growing)	71.21%	(2.68%)
FOUR Shift4 Payments, Inc.	$3.1B	62.6×	19.1×	+34.06% (above 0%: growing)	−77.14% (below 0%: shrinking)	−109.09% (below 0%: shrinking)	34.44%	7.34%	Compare
PAGS PagSeguro Digital Ltd.	$3.1B	7.7×	5.3×	+12.61% (above 0%: growing)	+21.88% (above 0%: growing)	−67.14% (below 0%: shrinking)	53.43%	38.71%	Compare
TCGL TechCreate Group Ltd.	$3.1B	—	—	—	—	—	—	—	Compare
TDC Teradata Corporation	$2.9B	6.2×	7.8×	+0.49% (above 0%: growing)	+444.44% (above 0%: growing)	+169.23% (above 0%: growing)	59.27%	11.71%	Compare
CLBT Cellebrite DI Ltd.	$2.9B	46.0×	46.1×	+15.77% (above 0%: growing)	−62.50% (below 0%: shrinking)	−79.43% (below 0%: shrinking)	80.78%	5.30%	Compare
NTCT NetScout Systems, Inc.	$2.8B	22.8×	29.6×	+12.68% (above 0%: growing)	n/m	−38.15% (below 0%: shrinking)	78.86%	6.88%	Compare
Median of peers	$3.1B	33.1×	24.4×	+14.93%	+21.88%	−64.35%	65.77%	7.34%

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