Appian Corp balance sheet
At the end of fiscal 2025, Appian Corp had total assets of $691m, total liabilities of $738m and shareholders' equity of −$47.0m. It held $136m in cash against $242m of debt: net debt of $106m.
Balance sheet
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 31 | 31 | 74 | 95 | 160 | 112 | 101 | 148 | 149 | 119 | 136 | 121 |
| Receivables | — | 47 | 55 | 79 | 70 | 97 | 130 | 166 | 172 | 195 | 255 | 171 |
| Total current assets | — | 88 | 145 | 210 | 278 | 365 | 338 | 422 | 414 | 436 | 519 | 410 |
| Goodwill | — | — | — | — | 0 | 5 | 28 | 26 | 27 | 26 | 29 | 28 |
| Total assets | — | 103 | 161 | 233 | 371 | 513 | 505 | 594 | 628 | 621 | 691 | 586 |
| Accounts payable | — | 5 | 5 | 9 | 5 | 3 | 6 | 8 | 6 | 4 | 7 | 8 |
| Deferred revenue (current) | — | 52 | 70 | 96 | 82 | 116 | 150 | 195 | 236 | 282 | 341 | 314 |
| Total current liabilities | — | 76 | 95 | 128 | 112 | 156 | 216 | 270 | 371 | 355 | 452 | 412 |
| Short-term debt | — | 6 | 0 | — | — | — | 0 | 3 | 66 | 10 | 10 | 10 |
| Long-term debt | — | 14 | 0 | — | — | — | 0 | 115 | 140 | 241 | 231 | 226 |
| Total debt | 0 | 20 | 0 | 0 | 0 | 0 | 0 | 119 | 208 | 252 | 242 | 236 |
| Total liabilities | — | 111 | 116 | 160 | 166 | 216 | 271 | 449 | 575 | 654 | 738 | 691 |
| Shareholders' equity | −51 | −63 | 46 | 73 | 205 | 297 | 234 | 146 | 52 | −33 | −47 | −105 |
| Non-controlling interests and other (assets − liabilities − equity) | — | 55 | — | — | — | — | — | — | — | — | — | — |
| Net debt (negative = net cash) | −31 | −11 | −74 | −95 | −160 | −112 | −101 | −29 | 58 | 133 | 106 | 115 |
| Shares outstanding | — | 34m | — | — | — | — | — | — | — | 74m | 74m | 72m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 140 | 195 | 136 | 151 | 173 | 255 | 174 | 171 |
| Total current assets | 360 | 436 | 412 | 412 | 439 | 519 | 454 | 410 |
| Goodwill | 27 | 26 | 27 | 29 | 29 | 29 | 28 | 28 |
| Total assets | 550 | 621 | 593 | 591 | 612 | 691 | 623 | 586 |
| Accounts payable | 7 | 4 | 7 | 9 | 9 | 7 | 4 | 8 |
| Deferred revenue (current) | 224 | 282 | 259 | 265 | 275 | 341 | 320 | 314 |
| Total current liabilities | 298 | 355 | 330 | 347 | 370 | 452 | 403 | 412 |
| Short-term debt | 10 | 10 | 10 | 10 | 12 | 10 | 10 | 10 |
| Long-term debt | 243 | 241 | 238 | 236 | 234 | 231 | 229 | 226 |
| Total debt | 253 | 250 | 248 | 246 | 246 | 241 | 238 | 236 |
| Total liabilities | 600 | 654 | 625 | 644 | 660 | 738 | 682 | 691 |
| Shareholders' equity | −50 | −33 | −32 | −54 | −49 | −47 | −59 | −105 |
| Shares outstanding | 72m | 74m | — | 74m | 74m | 74m | 74m | 72m |
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