Appian Corporation income statement APPN

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Appian Corporation reported revenue of $726.9 million, up 17.8% from the year before. Net income was $1.2 million, a profit margin of 0.2%. Operating income came to $609,000, an operating margin of 0.1%. Diluted earnings per share were $0.02. Over the twelve months ended Sep 30, 2026, revenue was $842.9 million and the net loss was $6.1 million. Across the 9 fiscal years shown, revenue grew from $176.7 million in fiscal 2017 to $726.9 million in fiscal 2025, about 19.3% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2026 Sep 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Revenue	843 +22.0%	727 +17.8%	617 +13.1%	545 +16.5%	468 +26.7%	369 +21.2%	305 +17.0%	260 +14.8%	227 +28.3%	177
Cost of revenue	232 +17.7%	200 +18.6%	168 +4.9%	160 +20.3%	133 +28.1%	104 +17.3%	89 -5.4%	94 +10.5%	85 +31.5%	65
Gross profit	611 +23.8%	527 +17.5%	449 +16.6%	385 +15.0%	335 +26.2%	265 +22.9%	216 +29.6%	167 +17.4%	142 +26.5%	112
Research and development	189 +9.7%	172 +5.4%	163 +1.9%	160 +15.2%	139 +42.8%	98 +38.8%	70 +21.0%	58 +29.8%	45 +28.4%	35
Selling, general and administrative	403 +28.2%	355 +2.4%	346 +4.1%	333 -2.3%	340 +35.4%	252 +37.1%	183 +15.4%	159 +10.5%	144 +31.8%	109
Operating expenses	592 +21.6%	527 +3.4%	510 +3.4%	493 +2.8%	480 +37.4%	349 +37.6%	254 +16.9%	217 +15.1%	189 +31.0%	144
Operating income	18 +189.7%	1 +101.0%	-61 +43.6%	-108 +25.5%	-145 -72.8%	-84 -121.4%	-38 +24.9%	-50 -8.0%	-47 -46.9%	-32
Interest expense	16 -25.2%	21 -11.6%	24	—	—	—	—	—	—	—
Other non-operating income (expense)	-4 -129.6%	27 +494.0%	-7 -138.5%	18 +596.6%	-4 +1.1%	-4 -161.9%	6 +514.9%	1 +141.0%	-2 -212.6%	2
Pretax income	-1 +57.5%	6 +107.1%	-91 +15.7%	-108 +28.0%	-150 -71.0%	-88 -169.6%	-33 +34.7%	-50 -1.4%	-49 -62.7%	-30
Income tax	5 +16.4%	5 +394.4%	1 -67.2%	3 +363.7%	1 -11.1%	1 -11.9%	1 +7.7%	1 +243.1%	0 -68.6%	1
Net income	-6 +16.5%	1 +101.3%	-92 +17.2%	-111 +26.2%	-151 -70.3%	-89 -164.8%	-33 +34.0%	-51 -2.6%	-49 -59.5%	-31
Basic EPS	-0.08 +15.4%	0.02 +101.6%	-1.26 +17.1%	-1.52 +26.9%	-2.08 -66.4%	-1.25	—	—	—	—
Diluted EPS	-0.08 +15.3%	0.02 +101.6%	-1.26 +17.1%	-1.52 +26.9%	-2.08 -66.4%	-1.25	—	—	—	—
Weighted average shares, basic	73 -1.4%	74 +1.5%	73 -0.2%	73 +0.9%	72 +2.0%	71	—	—	—	—
Weighted average shares, diluted	73 -1.5%	75 +2.3%	73 -0.2%	73 +0.9%	72 +2.0%	71	—	—	—	—
Other measures
Depreciation and amortization	10 -0.2%	10 -3.2%	10 +5.9%	9 +29.8%	7 +27.1%	6 -1.8%	6 +23.4%	5 +134.6%	2 +128.1%	1
EBITDA	28 +73.6%	10 +120.3%	-51 +48.4%	-98 +28.5%	-138 -76.2%	-78 -143.9%	-32 +29.9%	-46 -2.3%	-45 -44.5%	-31
Interest coverage	1.13x	0.03x	-2.58x	—	—	—	—	—	—	—
Margins
Gross margin	72.44%	72.54%	72.73%	70.60%	71.52%	71.81%	70.86%	63.96%	62.55%	63.45%
Operating margin	2.17%	0.08%	-9.86%	-19.80%	-30.99%	-22.72%	-12.44%	-19.38%	-20.60%	-18.00%
Pretax margin	-0.16%	0.89%	-14.78%	-19.85%	-32.10%	-23.79%	-10.70%	-19.16%	-21.70%	-17.11%
Profit margin	-0.72%	0.17%	-14.95%	-20.43%	-32.25%	-24.01%	-10.99%	-19.48%	-21.81%	-17.54%
EBITDA margin	3.35%	1.42%	-8.24%	-18.06%	-29.43%	-21.17%	-10.52%	-17.56%	-19.71%	-17.50%
Effective tax rate	—	80.87%	—	—	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry: Services-Prepackaged Software (SIC 7372)
Listed as: APPN (Nasdaq)
Fiscal year ends: December 31
Headquarters: Mclean, VA
SEC filer status: Large accelerated filer
SEC CIK: 1441683

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.