APPN Chart
About

Appian Corporation operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally. The company offers The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize critical business processes. The company also offers cloud subscriptions bundled with maintenance and support and hosting services, license subscriptions, and maintenance and support for license subscriptions; and professional and customer support services. In addition, the company offers platforms, such as artificial intelligence, low-code, data fabric, process automation, intelligent document processing, process mining, process intelligence, and case management studio; and solutions, including federal acquisition, public sector case management, state and local e-procurement, contract lifecycle management, insurance connected underwriting, and insurance claims processing. It serves 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.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Infrastructur Market Cap 1.96B
Enterprise Value 2.08B Income 1.23M Sales 726.94M
Book/sh -0.64 Cash/sh 2.53 Dividend Yield —
Payout 0.00% Employees 2149 IPO —
P/E 1328.50 Forward P/E 22.83 PEG —
P/S 2.70 P/B -41.84 P/C —
EV/EBITDA 96.80 EV/Sales 2.86 Quick Ratio 1.00
Current Ratio 1.15 Debt/Eq — LT Debt/Eq —
EPS (ttm) 0.02 EPS next Y 1.16 EPS Growth —
Revenue Growth 21.70% Earnings 2026-05-07 ROA 1.12%
ROE — ROIC — Gross Margin 72.54%
Oper. Margin 5.17% Profit Margin 0.17% Shs Outstand 42.87M
Shs Float 36.22M Short Float 12.39% Short Ratio 3.14
Short Interest — 52W High 46.06 52W Low 21.77
Beta 1.00 Avg Volume 1.06M Volume 682.39K
Target Price $31.00 Recom None Prev Close $26.62
Price $26.57 Change -0.19%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.00
Mean price target
2. Current target
$26.57
Latest analyst target
3. DCF / Fair value
$36.41
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$26.57
Low
$21.00
High
$41.00
Mean
$31.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Citigroup Buy → Buy $38
2026-02-20 main TD Cowen Hold → Hold $30
2026-02-20 main Barclays Underweight → Underweight $21
2026-01-12 main Barclays Underweight → Underweight $34
2026-01-12 up Morgan Stanley Equal-Weight → Overweight $45
2025-11-11 main Morgan Stanley Equal-Weight → Equal-Weight $45
2025-11-07 main Barclays Underweight → Underweight $37
2025-05-13 main Citigroup Buy → Buy $41
2025-05-09 main Morgan Stanley Equal-Weight → Equal-Weight $29
2025-05-09 main DA Davidson Neutral → Neutral $35
2025-05-09 main Barclays Underweight → Underweight $33
2025-04-24 main Scotiabank Sector Perform → Sector Perform $34
2025-04-22 main Citigroup Buy → Buy $40
2025-04-21 main Barclays Underweight → Underweight $28
2025-04-16 main Morgan Stanley Equal-Weight → Equal-Weight $27
2025-04-14 main DA Davidson Neutral → Neutral $28
2025-01-06 init Scotiabank — → Sector Perform $37
2024-12-06 main Barclays Underweight → Underweight $37
2024-11-08 main Barclays Underweight → Underweight $34
2024-10-14 main DA Davidson Neutral → Neutral $33
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 9530 257310.0 — Sale at price 27.00 per share. LYNCH MARK STEVEN Director — 2026-03-03 00:00:00 D
1 3770 nan — — KRAMER ROBERT CHARLES Officer and Director — 2026-03-03 00:00:00 D
2 9530 90408.0 — Conversion of Exercise of derivative security at price 9.46 - 12.00 per share. LYNCH MARK STEVEN Director — 2026-03-03 00:00:00 D
3 2259 nan — — ZAMUDIO-RAMIREZ PAVEL Officer — 2026-03-03 00:00:00 D
4 64375 nan — — CALKINS MATTHEW W Chief Executive Officer — 2026-03-03 00:00:00 D
5 21600 nan — — KILBERG BOBBIE G Director — 2026-02-18 00:00:00 D
6 771 — — Stock Award(Grant) at price 0.00 per share. LINK DAVID FORREST Director — 2026-02-04 00:00:00 D
7 882 — — Stock Award(Grant) at price 0.00 per share. MCCARTHY WILLIAM D Director — 2025-12-31 00:00:00 D
8 235 — — Stock Award(Grant) at price 0.00 per share. BIDDLE ALBERT G.W. III Director — 2025-12-31 00:00:00 D
9 882 — — Stock Award(Grant) at price 0.00 per share. KILBERG BOBBIE G Director — 2025-12-31 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA-57.60M-80.90M-141.26M-81.75M
NetIncomeFromContinuingOperationNetMinorityInterest-92.26M-111.44M-150.92M-88.64M
ReconciledDepreciation10.03M9.47M7.30M5.74M
ReconciledCostOfRevenue150.18M143.32M133.31M104.09M
EBITDA-57.60M-80.90M-141.26M-81.75M
EBIT-67.63M-90.37M-148.56M-87.49M
NetInterestIncome-23.58M-17.86M-1.67M-372.00K
InterestExpense23.58M17.86M1.67M372.00K
NormalizedIncome-92.26M-111.44M-150.92M-88.64M
NetIncomeFromContinuingAndDiscontinuedOperation-92.26M-111.44M-150.92M-88.64M
TotalExpenses677.88M653.34M613.00M453.17M
TotalOperatingIncomeAsReported-60.85M-107.97M-145.01M-83.91M
DilutedAverageShares72.99M73.10M72.45M71.04M
BasicAverageShares72.99M73.10M72.45M71.04M
DilutedEPS-1.26-1.52-2.08-1.25
BasicEPS-1.26-1.52-2.08-1.25
DilutedNIAvailtoComStockholders-92.26M-111.44M-150.92M-88.64M
NetIncomeCommonStockholders-92.26M-111.44M-150.92M-88.64M
NetIncome-92.26M-111.44M-150.92M-88.64M
NetIncomeIncludingNoncontrollingInterests-92.26M-111.44M-150.92M-88.64M
NetIncomeContinuousOperations-92.26M-111.44M-150.92M-88.64M
TaxProvision1.05M3.21M692.00K778.00K
PretaxIncome-91.21M-108.23M-150.23M-87.86M
OtherIncomeExpense-6.77M17.60M-3.54M-3.58M
OtherNonOperatingIncomeExpenses-6.77M17.60M-3.54M-3.58M
NetNonOperatingInterestIncomeExpense-23.58M-17.86M-1.67M-372.00K
InterestExpenseNonOperating23.58M17.86M1.67M372.00K
OperatingIncome-60.85M-107.97M-145.01M-83.91M
OperatingExpense527.70M510.01M479.69M349.07M
ResearchAndDevelopment154.98M153.10M139.21M97.52M
SellingGeneralAndAdministration372.72M356.92M340.49M251.56M
SellingAndMarketingExpense230.88M242.38M220.37M167.85M
GeneralAndAdministrativeExpense141.83M114.53M120.11M83.70M
OtherGandA141.83M114.53M120.11M83.70M
GrossProfit466.84M402.04M334.69M265.17M
CostOfRevenue150.18M143.32M133.31M104.09M
TotalRevenue617.02M545.36M467.99M369.26M
OperatingRevenue617.02M545.36M467.99M369.26M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber74.03M73.37M72.82M71.46M
ShareIssued74.03M73.37M72.82M71.46M
NetDebt131.87M57.24M
TotalDebt314.99M277.35M184.03M56.89M
TangibleBookValue-60.44M21.35M114.10M198.98M
InvestedCapital217.78M258.93M263.82M233.92M
WorkingCapital80.79M43.18M152.25M122.54M
NetTangibleAssets-60.44M21.35M114.10M198.98M
CapitalLeaseObligations64.57M70.77M65.91M56.89M
CommonStockEquity-32.64M52.34M145.70M233.92M
TotalCapitalization208.19M192.56M261.08M233.92M
TotalEquityGrossMinorityInterest-32.64M52.34M145.70M233.92M
StockholdersEquity-32.64M52.34M145.70M233.92M
GainsLossesNotAffectingRetainedEarnings-11.77M-23.55M-7.25M-5.69M
OtherEquityAdjustments-11.77M-23.55M-7.25M-5.69M
RetainedEarnings-612.15M-519.89M-408.45M-257.53M
AdditionalPaidInCapital591.28M595.78M561.39M497.13M
CapitalStock7.00K7.00K7.00K7.00K
CommonStock7.00K7.00K7.00K7.00K
TotalLiabilitiesNetMinorityInterest653.68M575.16M448.51M270.60M
TotalNonCurrentLiabilitiesNetMinorityInterest298.92M203.99M178.26M54.88M
OtherNonCurrentLiabilities431.00K3.46M
NonCurrentDeferredLiabilities5.48M4.70M5.66M2.64M
NonCurrentDeferredRevenue5.48M4.70M5.56M2.43M
NonCurrentDeferredTaxesLiabilities0.002.00K102.00K209.00K
LongTermDebtAndCapitalLeaseObligation293.01M199.29M172.60M48.78M
LongTermCapitalLeaseObligation52.19M59.07M57.23M48.78M
LongTermDebt240.83M140.22M115.38M
CurrentLiabilities354.76M371.17M270.25M215.72M
OtherCurrentLiabilities1.09M1.89M3.12M1.07M
CurrentDeferredLiabilities281.76M235.99M194.77M150.17M
CurrentDeferredRevenue281.76M235.99M194.77M150.17M
CurrentDebtAndCapitalLeaseObligation21.98M78.07M11.42M8.11M
CurrentCapitalLeaseObligation12.38M11.70M8.68M8.11M
CurrentDebt9.60M66.37M2.74M
OtherCurrentBorrowings9.60M66.37M2.74M
PensionandOtherPostRetirementBenefitPlansCurrent35.79M38.88M41.72M36.00M
PayablesAndAccruedExpenses14.14M16.34M19.22M20.38M
CurrentAccruedExpenses7.50M7.41M9.48M13.62M
Payables6.64M8.93M9.73M6.75M
TotalTaxPayable2.31M2.76M1.74M989.00K
AccountsPayable4.32M6.17M8.00M5.77M
TotalAssets621.04M627.50M594.21M504.52M
TotalNonCurrentAssets185.50M213.15M171.72M166.25M
OtherNonCurrentAssets24.84M36.28M3.29M4.42M
NonCurrentDeferredAssets64.67M63.22M57.73M50.04M
NonCurrentDeferredTaxesAssets4.13M3.45M1.94M1.02M
InvestmentsAndAdvances0.0012.04M
GoodwillAndOtherIntangibleAssets27.80M31.00M31.60M34.94M
OtherIntangibleAssets2.24M3.89M5.25M7.14M
Goodwill25.55M27.11M26.35M27.80M
NetPPE68.19M82.66M79.10M64.81M
AccumulatedDepreciation-32.14M-25.14M-18.86M-14.11M
GrossPPE100.33M107.80M97.97M78.92M
Leases54.09M53.31M45.96M41.01M
ConstructionInProgress619.00K0.00
OtherProperties191.00K194.00K242.00K124.00K
MachineryFurnitureEquipment14.35M14.32M14.52M9.89M
BuildingsAndImprovements31.08M39.98M37.25M27.90M
Properties0.000.000.000.00
CurrentAssets435.54M414.36M422.50M338.26M
OtherCurrentAssets43.98M49.53M28.09M26.78M
CurrentDeferredAssets36.63M34.26M30.20M24.67M
RestrictedCash0.002.25M791.00K
PrepaidAssets26.78M
Receivables195.07M171.56M165.96M130.05M
AccountsReceivable195.07M171.56M165.96M130.05M
AllowanceForDoubtfulAccountsReceivable-3.40M-2.61M-2.12M-1.40M
GrossAccountsReceivable198.47M174.17M168.09M131.45M
CashCashEquivalentsAndShortTermInvestments159.86M159.00M196.00M155.97M
OtherShortTermInvestments41.31M9.65M47.86M55.18M
CashAndCashEquivalents118.55M149.35M148.13M100.80M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow3.08M-120.08M-115.65M-59.98M
RepurchaseOfCapitalStock-50.02M0.000.00
RepaymentOfDebt-6.25M-3.56M-625.00K0.00
IssuanceOfDebt50.00M92.00M120.00M0.00
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-3.80M-9.64M-9.10M-6.06M
InterestPaidSupplementalData22.57M16.91M1.67M323.00K
IncomeTaxPaidSupplementalData3.33M4.00M1.24M1.50M
EndCashPosition118.55M149.35M150.38M103.96M
BeginningCashPosition149.35M150.38M103.96M112.46M
EffectOfExchangeRateChanges-2.03M1.66M-159.00K694.00K
ChangesInCash-28.77M-2.69M46.58M-9.20M
FinancingCashFlow-258.00K79.17M142.87M2.79M
CashFlowFromContinuingFinancingActivities-258.00K79.17M142.87M2.79M
NetOtherFinancingCharges-8.45M-10.02M-1.94M
ProceedsFromStockOptionExercised14.46M752.00K25.43M2.79M
NetCommonStockIssuance-50.02M0.000.000.00
CommonStockPayments-50.02M0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt43.75M88.44M119.38M0.00
NetLongTermDebtIssuance43.75M88.44M119.38M0.00
LongTermDebtPayments-6.25M-3.56M-625.00K0.00
LongTermDebtIssuance50.00M92.00M120.00M0.00
InvestingCashFlow-35.39M28.59M10.26M41.94M
CashFlowFromContinuingInvestingActivities-35.39M28.59M10.26M41.94M
NetInvestmentPurchaseAndSale-31.59M38.23M19.36M78.72M
SaleOfInvestment20.04M91.67M84.64M120.59M
PurchaseOfInvestment-51.63M-53.44M-65.28M-41.87M
NetBusinessPurchaseAndSale0.000.00-30.73M
PurchaseOfBusiness0.000.00-30.73M
NetPPEPurchaseAndSale-3.80M-9.64M-9.10M-6.06M
PurchaseOfPPE-3.80M-9.64M-9.10M-6.06M
OperatingCashFlow6.88M-110.44M-106.55M-53.92M
CashFlowFromContinuingOperatingActivities6.88M-110.44M-106.55M-53.92M
ChangeInWorkingCapital26.41M-39.59M-2.01M5.14M
ChangeInOtherWorkingCapital43.51M22.71M34.91M13.33M
ChangeInOtherCurrentLiabilities-1.48M-1.13M-264.00K-444.00K
ChangeInPayablesAndAccruedExpense-3.82M-4.55M3.29M24.07M
ChangeInAccruedExpense-2.95M-3.16M6.58M12.60M
ChangeInPayable-871.00K-1.39M-3.29M11.47M
ChangeInAccountPayable-871.00K-1.39M-3.29M11.47M
ChangeInPrepaidAssets16.55M-54.75M-2.03M2.09M
ChangeInReceivables-28.35M-1.87M-37.92M-33.90M
ChangesInAccountReceivables-28.35M-1.87M-37.92M-33.90M
OtherNonCashItems589.00K444.00K43.00K
StockBasedCompensation39.05M43.39M38.83M23.84M
UnrealizedGainLossOnInvestmentSecurities0.000.00
AssetImpairmentCharge7.22M1.09M1.30M410.00K
DeferredTax-899.00K-1.54M-1.09M-498.00K
DeferredIncomeTax-899.00K-1.54M-1.09M-498.00K
DepreciationAmortizationDepletion10.03M9.47M7.30M5.74M
DepreciationAndAmortization10.03M9.47M7.30M5.74M
OperatingGainsLosses16.75M-12.26M3.00K79.00K
NetForeignCurrencyExchangeGainLoss16.75M-12.26M0.000.00
GainLossOnSaleOfPPE0.000.003.00K79.00K
NetIncomeFromContinuingOperations-92.26M-111.44M-150.92M-88.64M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for APPN
Date User Asset Broker Type Position Size Entry Price Patterns