Appian Corp income statement
In fiscal 2025, Appian Corp reported revenue of $727m, up 17.8% on the year before, operating income of $609,000 (a 0.1% margin) and net income of $1.2m, or $0.02 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 111 | 133 | 177 | 227 | 260 | 305 | 369 | 468 | 545 | 617 | 727 | 795 |
| Cost of revenue | 48 | 50 | 65 | 85 | 94 | 89 | 104 | 133 | 160 | 168 | 200 | 230 |
| Gross profit | 63 | 83 | 112 | 142 | 167 | 216 | 265 | 335 | 385 | 449 | 527 | 566 |
| Research and development | 17 | 23 | 35 | 45 | 58 | 70 | 98 | 139 | 160 | 163 | 172 | 186 |
| Selling and marketing | 38 | 54 | 82 | 106 | 117 | 130 | 168 | 220 | 250 | 238 | 241 | 261 |
| General and administrative | 13 | 17 | 27 | 38 | 41 | 53 | 84 | 120 | 83 | 108 | 113 | 109 |
| Operating income | −5 | −11 | −32 | −47 | −50 | −38 | −84 | −145 | −108 | −61 | 1 | 10 |
| Interest expense | — | — | — | — | — | — | — | 2 | 18 | 24 | 21 | 18 |
| Income before tax | −7 | −14 | −30 | −49 | −50 | −33 | −88 | −150 | −108 | −91 | 6 | −5 |
| Income tax | 0 | −2 | 1 | 0 | 1 | 1 | 1 | 1 | 3 | 1 | 5 | 5 |
| Net income | −7 | −12 | −31 | −49 | −51 | −33 | −89 | −151 | −111 | −92 | 1 | −11 |
| Diluted EPS | −$0.23 | −$0.39 | −$0.63 | −$0.80 | −$0.77 | −$0.48 | −$1.25 | −$2.08 | −$1.52 | −$1.26 | $0.02 | −$0.14 |
| Diluted shares (average) | 34m | 34m | 50m | 62m | 65m | 69m | 71m | 72m | 73m | 73m | 75m | 74m |
| EBITDA | −4 | −11 | −31 | −45 | −46 | −33 | −79 | −139 | −100 | −51 | 10 | 19 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 167 | 166 | 171 | 187 | 203 | 202 | 203 |
| Cost of revenue | 37 | 54 | 44 | 49 | 45 | 71 | 54 | 59 |
| Gross profit | 117 | 113 | 122 | 122 | 142 | 131 | 148 | 145 |
| Research and development | 39 | 46 | 42 | 43 | 40 | 52 | 46 | 47 |
| Selling and marketing | 51 | 63 | 56 | 62 | 52 | 74 | 65 | 70 |
| General and administrative | 35 | −1 | 25 | 28 | 36 | 6 | 34 | 33 |
| Operating income | −7 | 5 | −1 | −11 | 13 | −1 | 3 | −5 |
| Interest expense | 6 | 6 | 5 | 5 | 5 | 5 | 4 | 4 |
| Income before tax | −1 | −13 | −0 | 1 | 9 | −4 | −1 | −10 |
| Income tax | 1 | 0 | 1 | 2 | 1 | 2 | 1 | 2 |
| Net income | −2 | −14 | −1 | −0 | 8 | −5 | −2 | −12 |
| Diluted EPS | −$0.03 | −$0.18 | −$0.02 | $0.00 | $0.10 | −$0.06 | −$0.02 | −$0.16 |
| EBITDA | −5 | 9 | 2 | −9 | 15 | 2 | 5 | −3 |
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