false000144168300014416832024-11-072024-11-07

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 7, 2024
Appian Corporation
(Exact name of Registrant as Specified in Its Charter)
Delaware001-3809854-1956084
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(I.R.S. Employer
 Identification No.)
7950 Jones Branch Drive
McLean, VA
22102
(Address of principal executive offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: (703) 442-8844

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each classTrading symbolName of each exchange on which registered
Class A Common StockAPPNThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o 



Item 2.02 Results of Operations and Financial Condition.

On November 7, 2024, Appian Corporation (the "Company") issued a press release announcing its financial results for the third quarter ended September 30, 2024, as well as information regarding a conference call to discuss these financial results and the Company's recent business highlights and financial outlook. The Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information included in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.
Exhibit
Number
  Description
99.1  
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Appian Corporation
Date: November 7, 2024
By:/s/ Mark Matheos
Mark Matheos
Chief Financial Officer


Exhibit 99.1
appian2021white-bluefieldaa.jpg

Appian Announces Third Quarter 2024 Financial Results

Third quarter cloud subscription revenue increased 22% year-over-year to $94.1 million

McLean, VA – November 7, 2024 – Appian (Nasdaq: APPN) today announced financial results for the third quarter ended September 30, 2024.

“Appian continues to grow even as we become more efficient. Growth remains our top priority. We now project positive adjusted EBITDA for the full year 2024,” said Matt Calkins, CEO & Founder.

Third Quarter 2024 Financial Highlights:

•Revenue: Cloud subscription revenue was $94.1 million, up 22% compared to the third quarter of 2023. Total subscriptions revenue, which includes sales of our cloud subscriptions, on-premises term license subscriptions, and maintenance and support, increased 19% year-over-year to $123.1 million. Professional services revenue was $30.9 million, a decrease of 7% compared to the third quarter of 2023. Total revenue was $154.1 million, up 12% compared to the third quarter of 2023. Cloud subscription revenue retention rate was 117% as of September 30, 2024.
•Operating loss and non-GAAP operating income and loss: GAAP operating loss was $(7.2) million, compared to $(15.2) million for the third quarter of 2023. Non-GAAP operating income was $8.3 million, compared to non-GAAP operating loss of $(7.7) million for the third quarter of 2023.
•Net loss and non-GAAP net income and loss: GAAP net loss was $(2.1) million, compared to $(22.3) million for the third quarter of 2023. GAAP net loss per share was $(0.03) for the third quarter of 2024, compared to $(0.30) for the third quarter of 2023. Non-GAAP net income was $11.4 million, compared to non-GAAP net loss of $(14.6) million for the third quarter of 2023. Non-GAAP diluted net income per share was $0.15, compared to $(0.20) net loss per share for the third quarter of 2023. GAAP net loss and non-GAAP net income for the third quarter of 2024 included $9.2 million of foreign currency exchange gains. GAAP and non-GAAP net loss for the third quarter of 2023 included $4.3 million of foreign currency exchange losses. We do not forecast foreign exchange rate movements.
•Adjusted EBITDA: Adjusted EBITDA was $10.8 million, compared to adjusted EBITDA loss of $(5.3) million for the third quarter of 2023.
•Balance sheet and cash flows: As of September 30, 2024, Appian had total cash, cash equivalents, and investments of $140.0 million. Net cash used by operating activities was $(8.2) million for the three months ended September 30, 2024, compared to $(65.0) million of net cash used by operating activities for the same period in 2023.

A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables following the financial statements in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”



Recent Business Highlights:

•Appian Accelerates Government Procurement with AI in New Requirements Management - ProcureSight Integration
•Latest Version of the Appian Platform Transforms Enterprise Data and Process Automation with AI-Driven Innovations
•Appian Elects Carl “Boe” Hartman II to Board of Directors
•Appian Names Mark Dorsey Chief Revenue Officer

Financial Outlook:

As of November 7, 2024, guidance for 2024 is as follows:

•Fourth Quarter 2024 Guidance:

◦Cloud subscription revenue is expected to be between $95.0 million and $97.0 million, representing year-over-year growth of 14% to 17%.
◦Total revenue is expected to be between $163.5 million and $165.5 million, representing a year-over-year increase of 13% to 14%.
◦Adjusted EBITDA is expected to be between $6.0 million and $8.0 million.
◦Non-GAAP net loss per share is expected to be between $(0.03) and breakeven, assuming weighted average common shares outstanding of 74.0 million.

•Full Year 2024 Guidance:

◦Cloud subscription revenue is expected to be between $364.0 million and $366.0 million, representing year-over-year growth of 20%.
◦Total revenue is expected to be between $613.0 million and $615.0 million, representing a year-over-year increase of 12% to 13%.
◦Adjusted EBITDA is expected to be between $5.0 million and $7.0 million.
◦Non-GAAP net loss per share is expected to be between $(0.38) and $(0.35), assuming weighted average common shares outstanding of 73.0 million.

Conference Call Details:

Appian will host a conference call today, November 7, 2024, at 8:30 a.m. ET to discuss Appian's financial results for the third quarter ended September 30, 2024 and business outlook.

To access the call, navigate to the following link(1). Once registered, participants can dial in using their phone with a dial in and PIN, or they can choose the Call Me option for instant dial to their phone. The live webcast of the conference call can also be accessed on the Investor Relations page of our website at https://investors.appian.com.

About Appian

Appian is a software company that orchestrates business processes. The Appian Platform empowers leaders to design, automate, and optimize important processes from start to finish. With our industry-leading platform and commitment to customer success, Appian is trusted by top organizations to drive transformational process change. For more information, visit appian.com. [Nasdaq: APPN]
1 https://register.vevent.com/register/BI4a3543c2295f4f5085f10a575f9a8298



Non-GAAP Financial Measures

To supplement its consolidated financial statements, which are prepared and presented in accordance with GAAP, Appian provides investors with certain non-GAAP financial performance measures. Appian uses these non-GAAP financial performance measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Appian’s management believes these non-GAAP financial measures provide meaningful supplemental information regarding Appian’s performance by excluding certain expenses that may not be indicative of our recurring core business operating results. Appian believes both management and investors benefit from referring to these non-GAAP financial measures in assessing Appian’s performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to historical performance as well as comparisons to competitors’ operating results. Appian believes these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to measures used by management in its financial and operational decision-making and (2) they are used by Appian’s institutional investors and the analyst community to help them analyze the health of Appian’s business.

The non-GAAP financial performance measures include the following: non-GAAP subscriptions cost of revenue, non-GAAP professional services cost of revenue, non-GAAP total cost of revenue, non-GAAP total operating expense, non-GAAP operating loss, non-GAAP income tax expense, non-GAAP net income (loss), and non-GAAP net income (loss) per share, basic and diluted. These non-GAAP financial performance measures exclude the effect of stock-based compensation expense, certain non-ordinary litigation-related expenses consisting of legal and other professional fees associated with the Pegasystems cases (net of insurance reimbursements), or Litigation Expense, amortization of the judgement preservation insurance policy, or JPI Amortization, severance costs related to involuntary reductions in our workforce, or Severance Costs, lease impairment and lease-related charges associated with actions taken to reduce the footprint of our leased office spaces, or Lease Impairment and Lease-Related Charges, and a short-swing profit disgorgement paid to us by an investor, or Short-Swing Profit Payment. While some of these items may be recurring in nature and should not be disregarded in the evaluation of our earnings performance, it is useful to exclude such items when analyzing current results and trends compared to other periods as these items can vary significantly from period to period depending on specific underlying transactions or events that may occur. Therefore, while we may incur or recognize these types of expenses in the future, we believe removing these items for purposes of calculating our non-GAAP financial measures provides investors with a more focused presentation of our ongoing operating performance.

Appian also discusses adjusted EBITDA, a non-GAAP financial performance measure it believes offers a useful view of the overall operation of its businesses. The company defines adjusted EBITDA as net loss before (1) other (income) expense, net, (2) interest expense, (3) income tax expense, (4) depreciation expense and amortization of intangible assets, (5) stock-based compensation expense, (6) Litigation Expense, (7) JPI Amortization, (8) Severance Costs, and (9) Lease Impairment and Lease-Related Charges. The most directly comparable GAAP financial measure to adjusted EBITDA is net loss. Users should consider the limitations of using adjusted EBITDA, including the fact this measure does not provide a complete measure of our operating performance. Adjusted EBITDA is not intended to purport to be an alternative to net loss as a measure of operating performance or to cash flows from operating activities as a measure of liquidity.

The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, as a substitute for, or superior to the financial information prepared and presented in accordance with GAAP, and Appian’s non-GAAP measures may be different from non-GAAP measures used by other companies. For more information on these non-GAAP financial measures, see the reconciliation of these non-GAAP financial measures to their nearest comparable GAAP measures at the end of this press release. Appian provides guidance ranges for non-GAAP net loss per share and adjusted EBITDA; however, we are not able to reconcile these amounts to their comparable GAAP financial measures without unreasonable efforts because certain information necessary to calculate such measures on a GAAP basis is unavailable, subject to high variability, dependent on future events outside of our control, and cannot be predicted. In addition, Appian believes such reconciliations could imply a degree of precision that might be confusing or misleading to investors. The actual effect of the reconciling items that Appian may exclude from these non-GAAP expense numbers, when determined, may be significant to the calculation of the comparable GAAP measures.



Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including statements regarding Appian’s future financial and business performance for the fourth quarter and full year 2024, future investment by Appian in its go-to-market initiatives, increased demand for the Appian Platform, market opportunity and plans and objectives for future operations, including Appian’s ability to drive continued subscriptions revenue and total revenue growth, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will,” “plan,” and similar expressions are intended to identify forward-looking statements. Appian has based these forward-looking statements on its current expectations and projections about future events and financial trends that Appian believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including the risks and uncertainties associated with Appian’s ability to grow its business and manage its growth, Appian’s ability to sustain its revenue growth rate, continued market acceptance of Appian’s Platform and adoption of low-code solutions to drive digital transformation, the fluctuation of Appian’s operating results due to the length and variability of its sales cycle, competition in the markets in which Appian operates, AI being a disruptive set of technologies that may affect the markets for Appian’s software dramatically and in unpredictable ways, risks and uncertainties associated with the composition and concentration of Appian’s customer base and their demand for its platform and satisfaction with the services provided by Appian, Appian’s ability to operate in compliance with applicable laws and regulations, Appian’s strategic relationships with third parties, and additional risks and uncertainties set forth in the “Risk Factors” section of Appian’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Moreover, Appian operates in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for Appian’s management to predict all risks nor can Appian assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements Appian may make. In light of these risks, uncertainties, and assumptions, Appian cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Appian is under no duty to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law.


Investor Relations
Jack Andrews
703-442-8844
investors@appian.com

Media Contact
Valerie Verlander
703-260-7947
valerie.verlander@appian.com



APPIAN CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value and share data) 

As of
September 30, 2024December 31, 2023
(unaudited)
Assets
Current assets
Cash and cash equivalents$99,193 $149,351 
Short-term investments and marketable securities40,798 9,653 
Accounts receivable, net of allowances of $2,850 and $2,606, respectively
140,213 171,561 
Deferred commissions, current34,785 34,261 
Prepaid expenses and other current assets45,483 49,529 
Total current assets360,472 414,355 
Property and equipment, net of accumulated depreciation of $30,329 and $25,141, respectively
39,190 42,682 
Goodwill27,462 27,106 
Intangible assets, net of accumulated amortization of $5,356 and $4,152, respectively
2,790 3,889 
Right-of-use assets for operating leases32,231 39,975 
Deferred commissions, net of current portion54,576 59,764 
Deferred tax assets4,827 3,453 
Other assets28,365 36,279 
Total assets$549,913 $627,503 
Liabilities and Stockholders’ (Deficit) Equity
Current liabilities
Accounts payable$6,928 $6,174 
Accrued expenses11,310 11,046 
Accrued compensation and related benefits31,171 38,003 
Deferred revenue224,199 235,992 
Debt9,598 66,368 
Operating lease liabilities12,470 11,698 
Other current liabilities2,798 1,891 
Total current liabilities298,474 371,172 
Long-term debt243,225 140,221 
Non-current operating lease liabilities54,270 59,067 
Deferred revenue, non-current3,370 4,700 
Deferred tax liabilities— 2 
Other non-current liabilities375 — 
Total liabilities599,714 575,162 
Stockholders’ (deficit) equity
Class A common stock—par value $0.0001; 500,000,000 shares authorized as of September 30, 2024 and December 31, 2023 and 42,361,024 and 42,169,970 shares issued of September 30, 2024 and December 31, 2023, respectively
4 4 
Class B common stock—par value $0.0001; 100,000,000 shares authorized as of September 30, 2024 and December 31, 2023 and 31,195,739 and 31,196,796 shares issued as of September 30, 2024 and December 31, 2023, respectively
3 3 
Additional paid-in capital614,204 595,781 
Accumulated other comprehensive loss(22,809)(23,555)
Accumulated deficit(598,507)(519,892)
Treasury stock at cost, 1,127,138 shares as of September 30, 2024
(42,696)— 
Total stockholders’ (deficit) equity(49,801)52,341 
Total liabilities and stockholders’ (deficit) equity$549,913 $627,503 


APPIAN CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
2024202320242023
(unaudited)
Revenue
Subscriptions$123,121 $103,803 $353,789 $296,554 
Professional services30,931 33,291 96,548 103,490 
Total revenue154,052 137,094 450,337 400,044 
Cost of revenue
Subscriptions14,082 11,265 39,614 32,492 
Professional services23,002 24,804 74,880 76,515 
Total cost of revenue37,084 36,069 114,494 109,007 
Gross profit116,968 101,025 335,843 291,037 
Operating expenses
Sales and marketing50,865 55,667 175,613 181,338 
Research and development38,572 37,135 117,789 118,502 
General and administrative34,688 23,440 108,327 82,342 
Total operating expenses124,125 116,242 401,729 382,182 
Operating loss(7,157)(15,217)(65,886)(91,145)
Other non-operating (income) expense
Other (income) expense, net(12,544)1,939 (5,882)(4,637)
Interest expense6,168 4,917 17,921 12,790 
Total other non-operating (income) expense(6,376)6,856 12,039 8,153 
Loss before income taxes(781)(22,073)(77,925)(99,298)
Income tax expense1,319 178 690 2,137 
Net loss$(2,100)$(22,251)$(78,615)$(101,435)
Net loss per share:
Basic and diluted$(0.03)$(0.30)$(1.08)$(1.39)
Weighted average common shares outstanding:
Basic and diluted72,396 73,178 72,664 73,032 




APPIAN CORPORATION
STOCK-BASED COMPENSATION EXPENSE
(in thousands)

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(unaudited)
Cost of revenue
Subscriptions$211 $211 $641 $713 
Professional services1,325 1,535 4,364 4,598 
Operating expenses
Sales and marketing1,746 3,245 6,270 8,462 
Research and development2,939 2,930 8,859 9,466 
General and administrative3,284 3,090 9,877 9,976 
Total stock-based compensation expense$9,505 $11,011 $30,011 $33,215 


APPIAN CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited, in thousands)

Nine Months Ended September 30,
20242023
Cash flows from operating activities
Net loss$(78,615)$(101,435)
Adjustments to reconcile net loss to net cash used by operating activities
Stock-based compensation30,011 33,215 
Depreciation expense and amortization of intangible assets7,503 7,046 
Lease impairment charges5,462 — 
Bad debt expense619 690 
Amortization of debt issuance costs439 342 
Benefit for deferred income taxes(1,281)(808)
Foreign currency transaction losses, net2,895 — 
Changes in assets and liabilities
Accounts receivable30,859 30,665 
Prepaid expenses and other assets12,279 (61,555)
Deferred commissions4,665 (56)
Accounts payable and accrued expenses1,495 (657)
Accrued compensation and related benefits(6,975)(6,671)
Other current and non-current liabilities535 (2,026)
Deferred revenue(15,096)(3,186)
Operating lease assets and liabilities(1,788)2,238 
Net cash used by operating activities(6,993)(102,198)
Cash flows from investing activities
Proceeds from maturities of investments11,631 62,590 
Payments for investments(42,638)(53,443)
Purchases of property and equipment(3,287)(8,278)
Net cash (used by) provided by investing activities(34,294)869 
Cash flows from financing activities
Proceeds from borrowings50,000 92,000 
Payments for debt issuance costs(463)(411)
Debt repayments(3,750)(2,625)
Repurchase of common stock(50,019)— 
Payments for employee taxes related to the net share settlement of equity awards(4,883)(7,240)
Proceeds from exercise of common stock options619 664 
Net cash (used by) provided by financing activities(8,496)82,388 
Effect of foreign exchange rate changes on cash and cash equivalents(375)(679)
Net decrease in cash and cash equivalents(50,158)(19,620)
Cash, cash equivalents and restricted cash at beginning of period$149,351 $150,381 
Cash and cash equivalents at end of period$99,193 $130,761 
Supplemental disclosure of cash flow information
Cash paid for interest$17,193 $11,960 
Cash paid for income taxes$1,925 $2,944 
Supplemental disclosure of non-cash investing and financing activities
Accrued capital expenditures$109 $27 


APPIAN CORPORATION
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
(unaudited, in thousands, except per share data)

GAAP MeasureStock-Based CompensationLitigation ExpenseJPI AmortizationSeverance Costs
Lease Impairment and Lease-Related Charges
Short-Swing Profit Payment
Non-GAAP Measure
Three Months Ended September 30, 2024
Subscriptions cost of revenue$14,082 $(211)$— $— $— $— $— $13,871 
Professional services cost of revenue23,002 (1,325)— — — — — 21,677 
Total cost of revenue37,084 (1,536)— — — — — 35,548 
Total operating expense124,125 (7,969)(1,979)(3,635)— (324)— 110,218 
Operating (loss) income
(7,157)9,505 1,979 3,635 — 324 — 8,286 
Income tax expense
1,319 117 — — — — — 1,436 
Net (loss) income
(2,100)9,388 1,979 3,635 — 324 (1,799)11,427 
Net (loss) income per share, basic
$(0.03)$0.13 $0.03 $0.05 $— $— $(0.02)$0.16 
Net (loss) income per share, diluted(a,b)
$(0.03)$0.13 $0.03 $0.05 $— $— $(0.02)$0.15 
Nine Months Ended September 30, 2024
Subscriptions cost of revenue$39,614 $(641)$— $— $— $— $— $38,973 
Professional services cost of revenue74,880 (4,364)— — (1,398)— — 69,118 
Total cost of revenue114,494 (5,005)— — (1,398)— — 108,091 
Total operating expense401,729 (25,006)(3,442)(12,643)(4,136)(5,786)— 350,716 
Operating (loss) income
(65,886)30,011 3,442 12,643 5,534 5,786 — (8,470)
Income tax expense
690 1,258 — — 1,096 — — 3,044 
Net (loss) income
(78,615)28,753 3,442 12,643 4,438 5,786 (1,799)(25,352)
Net (loss) income per share, basic and diluted(b)
$(1.08)$0.40 $0.05 $0.17 $0.06 $0.08 $(0.02)$(0.35)
{a) Accounts for the impact of 1.8 million shares of dilutive securities resulting in total diluted shares of 74.2 million.
(b) Per share amounts do not foot due to rounding.


GAAP MeasureStock-Based CompensationLitigation ExpenseJPI AmortizationSeverance CostsNon-GAAP Measure
Three Months Ended September 30, 2023
Subscriptions cost of revenue$11,265 $(211)$— $— $— $11,054 
Professional services cost of revenue24,804 (1,535)— — — 23,269 
Total cost of revenue36,069 (1,746)— — — 34,323 
Total operating expense116,242 (9,265)4,961 (1,485)— 110,453 
Operating (loss) income
(15,217)11,011 (4,961)1,485 — (7,682)
Income tax expense 178 88 — — — 266 
Net (loss) income
(22,251)11,099 (4,961)1,485 — (14,628)
Net (loss) income per share, basic and diluted
$(0.30)$0.15 $(0.07)$0.02 $— $(0.20)
Nine Months Ended September 30, 2023
Subscriptions cost of revenue$32,492 $(713)$— $— $(30)$31,749 
Professional services cost of revenue76,515 (4,598)— — (158)71,759 
Total cost of revenue109,007 (5,311)— — (188)103,508 
Total operating expense382,182 (27,904)2,772 (1,485)(6,111)349,454 
Operating (loss) income
(91,145)33,215 (2,772)1,485 6,299 (52,918)
Income tax expense 2,137 731 — — 139 3,007 
Net (loss) income
(101,435)33,946 (2,772)1,485 6,438 (62,338)
Net (loss) income per share, basic and diluted(a)
$(1.39)$0.46 $(0.04)$0.02 $0.09 $(0.86)
(a) Per share amounts do not foot due to rounding.

 Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Reconciliation of adjusted EBITDA:
GAAP net loss$(2,100)$(22,251)$(78,615)$(101,435)
Other (income) expense, net(12,544)1,939 (5,882)(4,637)
Interest expense6,168 4,917 17,921 12,790 
Income tax expense
1,319 178 690 2,137 
Depreciation expense and amortization of intangible assets
2,562 2,340 7,503 7,046 
Stock-based compensation expense9,505 11,011 30,011 33,215 
Litigation Expense1,979 (4,961)3,442 (2,772)
JPI Amortization3,635 1,485 12,643 1,485 
Severance Costs— — 5,534 6,299 
Lease Impairment and Lease-Related Charges
324 — 5,786 — 
Adjusted EBITDA$10,848 $(5,342)$(967)$(45,872)


v3.24.3
Cover
Nov. 07, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 07, 2024
Entity Registrant Name Appian Corporation
Entity Incorporation, State or Country Code DE
Entity File Number 001-38098
Entity Tax Identification Number 54-1956084
Entity Address, State or Province VA
Entity Address, City or Town McLean
Entity Address, Address Line One 7950 Jones Branch Drive
Entity Address, Postal Zip Code 22102
City Area Code 703
Local Phone Number 442-8844
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock
Trading Symbol APPN
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001441683
Appian (NASDAQ:APPN)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Appian Charts.
Appian (NASDAQ:APPN)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Appian Charts.