Appian Corporation

Description

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes. The company also offers professional and customer support services. It serves to financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation industries. Appian Corporation was incorporated in 1999 and is headquartered in McLean, Virginia.

About

CEO
Mr. Matthew W. Calkins
Employees
2,243
Instrument type
Common Stock
Sector
Technology
Industry
Software - Infrastructure
MIC code
XNMS
Address
7950 Jones Branch Drive, McLean, VA 22102, United States
Phone
703 442 8844
Website
Chart Image
× Enlarged Chart
Oscillators
No data available
Summary
No data available
Moving Averages
No data available

Earnings

Date Estimate EPS Actual EPS Difference % Surprise
Nov 5, 2025
Jul 30, 2025
Apr 30, 2025
Feb 13, 2025

Earnings estimate

Next Quarter
(Mar 2025)
Next Year
(Dec 2025)
Number of analysts 8 8
Average estimate 0.00 0.12
Low estimate -0.09 -0.03
High estimate 0.05 0.23
Last year EPS -0.24 -0.36
[stock_revenue_estimate]

Growth estimates

Current qtr
-117.650%
Next qtr. (Mar 2025)
98.250%
Current year
56.060%
Next year (Dec 2025)
135.000%
Next 5 years (per annum)
Past 5 years (per annum)

Analyst Ratings

Date Firm Action Rating Price Target
Jan 14, 2025
Keybanc
Jason Celino
Assumes Sector Weight
Jan 6, 2025
Scotiabank
Nick Altmann
Initiates Sector Perform Announces $37
Dec 6, 2024
Barclays
Raimo Lenschow
Maintains Underweight ▲ Raises $34 → $37
Nov 8, 2024
Barclays
Raimo Lenschow
Maintains Underweight ▲ Raises $29 → $34
Oct 14, 2024
DA Davidson
Gil Luria
Maintains Neutral Maintains $33
Aug 5, 2024
Barclays
Raimo Lenschow
Maintains Underweight ▼ Lowers $32 → $29
Aug 2, 2024
Goldman Sachs
Kevin Kumar
Maintains Buy ▼ Lowers $47 → $41
Aug 2, 2024
Keybanc
Thomas Blakey
Downgrade Sector Weight
Jul 30, 2024
DA Davidson
Gil Luria
Downgrade Neutral ▼ Lowers $48 → $33
Jul 24, 2024
Keybanc
Thomas Blakey
Maintains Overweight ▲ Raises $37 → $41
May 3, 2024
Keybanc
Thomas Blakey
Maintains Overweight ▼ Lowers $50 → $37
May 3, 2024
Barclays
Raimo Lenschow
Maintains Underweight ▼ Lowers $36 → $32
Apr 15, 2024
Barclays
Raimo Lenschow
Maintains Underweight ▲ Raises $35 → $36
Mar 22, 2024
Citigroup
Steven Enders
Maintains Neutral ▲ Raises $48 → $52
Mar 4, 2024
DA Davidson
Gil Luria
Maintains Buy ▼ Lowers $55 → $52
Feb 16, 2024
Keybanc
Thomas Blakey
Maintains Overweight ▲ Raises $45 → $50
Jan 22, 2024
Keybanc
Thomas Blakey
Maintains Overweight ▼ Lowers $50 → $45
Jan 12, 2024
Barclays
Raimo Lenschow
Maintains Underweight ▼ Lowers $40 → $35
Nov 7, 2023
DA Davidson
Gil Luria
Upgrade Buy ▲ Raises $50 → $55
Nov 3, 2023
Goldman Sachs
Kevin Kumar
Maintains Buy ▼ Lowers $58 → $50
Oct 24, 2023
Citigroup
Steven Enders
Maintains Neutral ▼ Lowers $56 → $48
Oct 12, 2023
Barclays
Raimo Lenschow
Maintains Underweight ▼ Lowers $41 → $35
Aug 7, 2023
Truist Securities
Joseph Meares
Maintains Buy ▲ Raises $50 → $55
Aug 7, 2023
Barclays
Raimo Lenschow
Maintains Underweight ▲ Raises $35 → $41
Aug 4, 2023
Goldman Sachs
Kevin Kumar
Maintains Buy ▲ Raises $52 → $58
Aug 4, 2023
Morgan Stanley
Sanjit Singh
Maintains Equal-Weight ▲ Raises $43 → $47
Jul 21, 2023
Keybanc
Maintains Overweight
Jul 19, 2023
Barclays
Maintains Underweight
Jun 22, 2023
Citigroup
Steven Enders
Maintains Neutral ▲ Raises $40 → $57
Jun 6, 2023
DA Davidson
Initiates Neutral

Income statement

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total reported revenue 545.36M 467.99M 369.26M 304.57M 260.35M
Cost of revenue 143.32M 133.31M 104.09M 88.77M 93.84M
Gross profit 402.04M 334.69M 265.17M 215.81M 166.51M
Operating expense
Research & development 153.10M 139.21M 97.52M 70.24M 58.04M
Selling general and admin 356.92M 340.49M 251.56M 183.47M 158.94M
Other operating expenses
Operating income -107.97M -145.01M -83.91M -37.90M -50.47M
Non operating interest income
Income
Expense 17.86M 1.67M 372,000 478,000 367,000
Other income expense 17.60M -3.55M -3.58M 5.79M 941,000
Pretax income -108.23M -150.23M -87.86M -32.59M -49.89M
Tax provision 3.21M 692,000 778,000 883,000 820,000
Net income -111.44M -150.92M -88.64M -33.48M -50.71M
Basic EPS -1.52 -2.08 -1.25 -0.48 -0.77
Diluted EPS -1.52 -2.08 -1.25 -0.48 -0.77
Basic average shares 73.10M 72.46M 71.04M 69.05M 65.48M
Diluted average shares 73.10M 72.46M 71.04M 69.05M 65.48M
EBITDA -80.90M -141.26M -81.75M -26.27M -44.79M
Net income from continuing op. -111.44M -150.92M -88.64M -33.48M -50.71M
Minority interests
Preferred stock dividends

Balance sheet

2023 2022 2021 2020 2019
Fiscal date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 627.50M 594.21M 504.52M 512.52M 371.49M
Current assets
Cash
Cash equivalents
Cash and cash equivalents 149.35M 148.13M 100.80M 112.46M 159.76M
Other short term investments 9.65M 47.86M 55.18M 109.83M
Accounts receivable 171.56M 165.96M 130.05M 97.28M 70.41M
Other receivables
Inventory
Prepaid assets 26.78M 27.96M 32.96M
Restricted cash 2.25M 791,000
Assets held for sale
Hedging assets
Other current assets 49.53M 28.09M 26.78M 27.96M 32.96M
Non current assets
Properties 194,000 242,000 124,000 49,000 72,000
Land and improvements
Machinery furniture equipment 14.32M 14.52M 9.89M 8.41M 9.68M
Construction in progress
Leases 53.31M 45.96M 41.01M 36.26M 37.13M
Accumulated depreciation -25.14M -18.86M -14.11M -9.32M -7.33M
Goodwill 58.10M 57.95M 62.73M 11.47M
Investment properties
Financial assets
Intangible assets 3.89M 5.25M 7.14M 1.74M
Investments and advances 12.04M 36.12M
Other non current assets 99.50M 61.01M 54.46M 38.31M 30.07M
Total liabilities 575.16M 448.51M 270.60M 215.92M 166.25M
Current liabilities
Accounts payable 6.17M 8.00M 5.77M 2.97M 5.22M
Accrued expenses 8.91M 10.40M 14.06M 5.59M 6.14M
Short term debt 78.07M 11.42M 8.11M 6.92M 5.28M
Deferred revenue 235.99M 194.77M 150.17M 116.26M 82.20M
Tax payable 1.26M 827,000 550,000 315,000
Pensions 38.88M 41.72M 36.00M 23.21M 12.04M
Other current liabilities 1.89M 3.12M 1.07M 940,000 1.40M
Non current liabilities
Long term debt 199.29M 172.60M 48.78M 51.19M 46.79M
Provision for risks and charges
Deferred liabilities 2,000 102,000 209,000 70,000 38,000
Derivative product liabilities
Other non current liabilities 3.46M 4.88M
Shareholders equity
Common stock 7,000 7,000 7,000 7,000 6,000
Retained earnings -519.89M -408.45M -257.53M -168.89M -135.41M
Other shareholders equity -23.56M -7.25M -5.69M -5.01M -285,000
Total shareholders equity 52.34M 145.70M 233.92M 296.61M 205.24M
Additional paid in capital 595.78M 561.39M 497.13M 470.50M 340.93M
Treasury stock
Minority interest

Cash flow statement

2023202220212020201920182017201620152014
Operating Activities
Net Income-111.44M-150.92M-88.64M-33.48M-50.71M-49.45M-31.01M-12.46M-6.99M-17.06M
Depreciation9.47M7.30M5.74M5.85M4.74M2.02M886,000764,000763,000610,000
Deferred Taxes-1.54M-1.09M-498,000-184,000-334,000-218,000-251,000-1.12M-291,000399,000
Stock-Based Compensation43.39M38.83M23.84M15.28M16.44M16.05M12.98M
Other Non-Cash Items444,00043,000
Accounts Receivable-1.87M-37.92M-33.90M-33.56M7.43M-23.33M-9.72M-11.15M-6.64M-1.45M
Accounts Payable-1.39M-3.29M11.47M-4.24M-4.04M7.46M4.13M1.29M1.06M1.93M
Other Assets & Liabilities21.58M34.64M12.89M26.14M11.40M16.97M14.87M12.67M11.63M14.66M
Operating Cash Flow-41.36M-112.41M-69.10M-24.19M-15.07M-30.50M-8.12M-10.02M-466,000-906,000
Investing Activities
Capital Expenditures-9.64M-9.10M-6.06M-1.25M-32.42M-7.01M-433,000-984,000-524,000-2.63M
Net Intangibles
Net Acquisitions-30.73M-6.14M
Purchase of Investments-53.44M-65.28M-41.87M-145.97M
Sale of Investments91.67M84.64M120.59M
Investing Cash Flow28.59M10.26M41.94M-153.36M-32.42M-7.01M-433,000-984,000-524,000-2.63M
Financing Activities
Long-Term Debt Issuance92.00M120.00M19.62M20.00M10.00M
Long-Term Debt Payments-3.56M-625,000-3.82M-653,000-40.00M-10.00M
Other Financing Charges-10.02M-1.94M-346,000-350,000-429,000
Financing Cash Flow78.41M117.44M104.09M100.30M57.40M49.84M10.00M10.00M16.37M
Other Cash Details
End Cash Position149.35M150.38M103.96M112.46M159.76M94.93M73.76M31.14M31.39M24.99M
Income Tax Paid4.00M1.24M1.51M1.18M356,000680,000615,000610,0001.06M70,000
Interest Paid16.91M1.67M323,000165,000331,00046,000515,000895,000193,000
Free Cash Flow-120.08M-115.65M-59.98M-8.87M-41.35M-38.34M-9.56M-8.74M-2.67M-1.10M

Top Institutional Holders

Holder Date Reported Shares Value % Held
Vanguard Total Stock Market Index Fund Sep 30, 2024 1,308,737 46.28M 3.07%
iShares Russell 2000 ETF Nov 30, 2024 1,130,943 39.99M 2.65%
Vanguard Small-Cap Index Fund Sep 30, 2024 980,054 34.65M 2.30%
First Tr Exchange Traded Fd II-First Tr Cloud Computing ETF Nov 30, 2024 851,240 30.10M 1.99%
Vanguard Information Technology Index Fund Nov 30, 2024 699,297 24.73M 1.64%
Vanguard Extended Market Index Fund Sep 30, 2024 623,557 22.05M 1.46%
Vanguard Small-Cap Growth Index Fund Sep 30, 2024 539,656 19.08M 1.26%
Global X Fds-Global X Robotics & Artificial Intelligence Thematic ETF Nov 30, 2024 480,352 16.99M 1.13%
Morgan Stanley Inst Fund Inc-Inception Port Sep 30, 2024 467,181 16.52M 1.09%
Fidelity Small Cap Index Fund Oct 31, 2024 408,584 14.45M 0.96%
Could Appian Be the Next AI Growth Story? Article
Could Appian Be the Next AI Growth Story?
Explore the exciting world of Appian (APPN 1.03%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
The Motley Fool Positive
Feb 6, 2025
Winners and losers in Monday's DeepSeek shake-up Video
Winners and losers in Monday's DeepSeek shake-up
The introduction of DeepSeek, a Chinese artificial intelligence (AI) startup, triggered a broad market sell-off on Monday, particularly impacting US technology stocks. Yahoo Finance Markets and Data Editor Jared Blikre examines the day's significant market movements amid heightened volatility.
Yahoo Finance Negative
Jan 27, 2025
DeepSeek's AI launch is a 'wake-up call,' Appian CEO says Video
DeepSeek's AI launch is a 'wake-up call,' Appian CEO says
Appian (APPN) Founder and CEO Matt Calkins joins Market Domination to analyze the implications of the latest AI model from Chinese startup DeepSeek for the artificial intelligence sector. "The war for AI is gonna be an asymmetric war between the US and China and anybody else who gets involved.
Yahoo Finance Neutral
Jan 27, 2025
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