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Appian Corporation

APPN

NASDAQTechnologySoftware - Infrastructure

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Previous close

$38.30

+$1.02 · +2.74%

Aug 21, 4:00 PM ET

APPN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

44

Neutral

Sentiment

56

Mixed

Risk resilience

38

High Risk

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Company profile

Company website

Appian Corporation provides a sophisticated low-code automation platform, serving clients across the United States and globally. This advanced technology significantly simplifies software development by automatically generating components like forms, complex workflows, data architectures, various reports, and user interfaces, which traditionally require extensive manual coding. In addition to its core platform, Appian extends its offerings to include dedicated professional services and comprehensive customer assistance. Its diverse clientele encompasses a wide array of sectors, such as financial institutions, government organizations, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation. The company, founded in 1999, is based in McLean, Virginia.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Matthew W. Calkins
Listed since
May 25, 2017
Employees
2,149

Market position

Day range

Current $38.30

52-week range

Current $38.30

Open
$37.20
Previous close
$37.28
Volume
520.25K
0.56× average
Average volume
926.78K
Average daily volume
Market cap
2.83B USD
Beta
0.86
Market reference 1
50-day average
$27.103
+41.31% above average
200-day average
$28.355
+35.07% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.83B USD
EV / EBITDA
76.55×
Earnings yield
0.05%
Free cash flow yield
2.27%

Profitability & efficiency

Return on equity
-2.62%
Return on assets
0.18%
Return on invested capital
0.04%

Financial health

Current ratio
1.15×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends86%43%0%-43%Gross margin, FY2021: 71.81%Gross margin, FY2022: 71.52%Gross margin, FY2023: 73.72%Gross margin, FY2024: 75.66%Gross margin, FY2025: 72.54%Operating margin, FY2021: -22.72%Operating margin, FY2022: -30.99%Operating margin, FY2023: -19.80%Operating margin, FY2024: -9.86%Operating margin, FY2025: 0.08%Net margin, FY2021: -24.01%Net margin, FY2022: -32.25%Net margin, FY2023: -20.43%Net margin, FY2024: -14.95%Net margin, FY2025: 0.17%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 71.81%. Gross margin FY2022 71.52%. Gross margin FY2023 73.72%. Gross margin FY2024 75.66%. Gross margin FY2025 72.54%. Operating margin FY2021 -22.72%. Operating margin FY2022 -30.99%. Operating margin FY2023 -19.80%. Operating margin FY2024 -9.86%. Operating margin FY2025 0.08%. Net margin FY2021 -24.01%. Net margin FY2022 -32.25%. Net margin FY2023 -20.43%. Net margin FY2024 -14.95%. Net margin FY2025 0.17%.

Income trends

Revenue

726.94M USD+17.81%

Operating income

609K USD+61.46M USD

Net income

1.23M USD+93.5M USD
Income trends across reported periods814.72M USD463.58M USD112.44M USD−238.71M USDRevenue, FY2021: 369.26M USDRevenue, FY2022: 467.99M USDRevenue, FY2023: 545.36M USDRevenue, FY2024: 617.02M USDRevenue, FY2025: 726.94M USDOperating income, FY2021: −83.91M USDOperating income, FY2022: −145.01M USDOperating income, FY2023: −107.97M USDOperating income, FY2024: −60.85M USDOperating income, FY2025: 609K USDNet income, FY2021: −88.64M USDNet income, FY2022: −150.92M USDNet income, FY2023: −111.44M USDNet income, FY2024: −92.26M USDNet income, FY2025: 1.23M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 369.26M USD. Revenue FY2022 467.99M USD. Revenue FY2023 545.36M USD. Revenue FY2024 617.02M USD. Revenue FY2025 726.94M USD. Operating income FY2021 −83.91M USD. Operating income FY2022 −145.01M USD. Operating income FY2023 −107.97M USD. Operating income FY2024 −60.85M USD. Operating income FY2025 609K USD. Net income FY2021 −88.64M USD. Net income FY2022 −150.92M USD. Net income FY2023 −111.44M USD. Net income FY2024 −92.26M USD. Net income FY2025 1.23M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue726.94M USD617.02M USD545.36M USD467.99M USD369.26M USD
Cost of goods sold199.6M USD150.18M USD143.32M USD133.31M USD104.09M USD
Gross profit527.34M USD466.84M USD402.04M USD334.69M USD265.17M USD
Research and development172.19M USD154.98M USD153.1M USD139.21M USD97.52M USD
Selling, general, and administrative354.54M USD372.72M USD356.92M USD340.49M USD251.56M USD
Operating expenses526.73M USD527.7M USD510.01M USD479.7M USD349.07M USD
Interest expense20.85M USD23.58M USD17.86M USD1.67M USD372K USD
Depreciation and amortization9.71M USD10.03M USD9.47M USD7.3M USD5.74M USD
Operating income609K USD−60.85M USD−107.97M USD−145.01M USD−83.91M USD
Net income1.23M USD−92.26M USD−111.44M USD−150.92M USD−88.64M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+394.73%
11 comparable reports
Latest EPS result
0.13
Estimate 0 · Beat by 4120.78%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.360.180-0.18Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual -0.12, estimate -0.01, surprise -1100.00%, Miss. Q2 2025, reported May 8, 2025: actual 0.13, estimate 0.03, surprise +333.33%, Beat. Q3 2025, reported Aug 7, 2025: actual -0.14, estimate -0.13, surprise -7.69%, Miss. Q4 2025, reported Nov 6, 2025: actual 0.32, estimate 0.05, surprise +540.00%, Beat. Q1 2026, reported Feb 19, 2026: actual 0.15, estimate 0.09, surprise +66.67%, Beat. Q2 2026, reported May 7, 2026: actual 0.27, estimate 0.19, surprise +42.11%, Beat. Q3 2026, reported Aug 6, 2026: actual 0.13, estimate 0.003, surprise +4120.78%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.31, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates225.46M200.72M175.99M151.25MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 19, 2025: actual 166.69M USD, estimate 167M USD, surprise -0.19%, Miss. Q2 2025, reported May 8, 2025: actual 166.43M USD, estimate 159.92M USD, surprise +4.07%, Beat. Q3 2025, reported Aug 7, 2025: actual 170.64M USD, estimate 173.41M USD, surprise -1.60%, Miss. Q4 2025, reported Nov 6, 2025: actual 187M USD, estimate 189.33M USD, surprise -1.23%, Miss. Q1 2026, reported Feb 19, 2026: actual 202.87M USD, estimate 189.26M USD, surprise +7.19%, Beat. Q2 2026, reported May 7, 2026: actual 202.2M USD, estimate 191.57M USD, surprise +5.55%, Beat. Q3 2026, reported Aug 6, 2026: actual 203.26M USD, estimate 193.38M USD, surprise +5.11%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 216.78M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

19 ratings
Strong buy00%
Buy632%
Hold1263%
Sell15%
Strong sell00%

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ETFs holding APPN

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
38.21M
Weight
0.05%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
30.85M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
First Trust Cloud Computing ETF logoFirst Trust Cloud Computing ETFSKYY
Market value
28.85M
Weight
0.88%
AUM
3.3B USD
Expense ratio
0.60%
Price / 1D
$161.23+1.14%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
22.22M
Weight
0.01%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
22.03M
Weight
0.01%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
First Trust Nasdaq Artificial Intelligence and Robotics ETF logoFirst Trust Nasdaq Artificial Intelligence and Robotics ETFROBT
Market value
17.46M
Weight
2.28%
AUM
778M USD
Expense ratio
0.65%
Price / 1D
$59.6173+1.13%
Fidelity Enhanced Small Cap ETF logoFidelity Enhanced Small Cap ETFFESM
Market value
15.28M
Weight
0.24%
AUM
6.03B USD
Expense ratio
0.28%
Price / 1D
$47.94+0.80%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
13.98M
Weight
0.09%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%

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