APPN - Appian Corporation
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$27.75
DETAILS
HIGH:
$41.00
LOW:
$22.00
MEDIAN:
$24.00
CONSENSUS:
$27.75
UPSIDE:
29.85%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 726.9 | 617.0 | 545.4 | 468.0 | 369.3 | 304.6 | 260.4 | 226.7 | 176.7 | 132.9 | 111.2 | 89.0 |
| Cost of Revenue | 199.6 | 150.2 | 143.3 | 133.3 | 104.1 | 88.8 | 93.8 | 84.9 | 64.6 | 50.1 | 48.5 | 36.8 |
| Gross Profit | 527.3 | 466.8 | 402.0 | 334.7 | 265.2 | 215.8 | 166.5 | 141.8 | 112.1 | 82.8 | 62.7 | 52.2 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 172.2 | 155.0 | 153.1 | 139.2 | 97.5 | 70.2 | 58.0 | 44.7 | 34.8 | 23.0 | 16.8 | 13.5 |
| SG&A Expenses | 354.5 | 372.7 | 356.9 | 340.5 | 251.6 | 183.5 | 158.9 | 143.8 | 109.1 | 71.2 | 50.8 | 52.5 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 526.7 | 527.7 | 510.0 | 479.7 | 349.1 | 253.7 | 217.0 | 188.5 | 144.0 | 94.2 | 67.6 | 65.9 |
| Operating Income | ||||||||||||
| Operating Income | 0.6 | (60.9) | (108.0) | (145.0) | (83.9) | (37.9) | (50.5) | (46.7) | (31.8) | (11.4) | (4.8) | (13.8) |
| Interest Expense | 20.9 | 23.6 | 17.9 | 1.7 | 0.4 | 0.5 | 0.4 | 0.2 | 0.5 | 1.0 | 0.2 | 0.0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||
| EBITDA | 37 | (57.6) | (80.9) | (141.3) | (81.7) | (26.3) | (44.8) | (47.0) | (28.9) | (12.4) | (5.7) | (15.2) |
| EBIT | 27.3 | (67.6) | (90.4) | (148.6) | (87.5) | (32.1) | (49.5) | (49.0) | (29.8) | (13.2) | (6.4) | (15.8) |
| Income Before Tax | 6.4 | (91.2) | (108.2) | (150.2) | (87.9) | (32.6) | (49.9) | (49.2) | (30.2) | (14.1) | (6.6) | (15.9) |
| Income Tax Expense | 5.2 | 1.1 | 3.2 | 0.7 | 0.8 | 0.9 | 0.8 | 0.2 | 0.8 | (1.7) | 0.4 | 1.2 |
| Net Income | 1.2 | (92.3) | (111.4) | (150.9) | (88.6) | (33.5) | (50.7) | (49.5) | (31.0) | (12.5) | (7.0) | (17.1) |
| Per Share Data | ||||||||||||
| EPS (Basic) | 0.02 | -1.26 | -1.52 | -2.08 | -1.25 | -0.48 | -0.77 | -0.80 | -0.63 | -0.23 | -0.13 | -0.31 |
| EPS (Diluted) | 0.02 | -1.26 | -1.52 | -2.08 | -1.25 | -0.48 | -0.77 | -0.80 | -0.63 | -0.23 | -0.13 | -0.31 |
| Shares Outstanding | 74.0 | 73.0 | 73.1 | 72.5 | 71.0 | 69.1 | 65.5 | 62.1 | 49.5 | 54.7 | 54.7 | 54.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 135.8 | 118.6 | 149.4 | 148.1 | 100.8 | 112.5 | 159.8 | 94.9 | 73.8 | 31.1 |
| Short-Term Investments | 51.4 | 41.3 | 9.7 | 47.9 | 55.2 | 109.8 | 0 | 0 | 0 | 0 |
| Net Receivables | 278.4 | 195.1 | 171.6 | 166.0 | 130.0 | 97.3 | 70.4 | 79.4 | 55.3 | 46.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 53.8 | 80.6 | 83.8 | 60.5 | 25.5 | 17.9 | 14.5 | 28.4 | 9.1 | 7.1 |
| Total Current Assets | 519.4 | 435.5 | 414.4 | 422.5 | 338.3 | 365.4 | 277.7 | 209.6 | 145.2 | 88.4 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 60.2 | 68.2 | 82.7 | 79.1 | 64.8 | 66.1 | 63.8 | 7.5 | 2.7 | 3.1 |
| Goodwill | 28.8 | 25.6 | 27.1 | 26.3 | 27.8 | 4.9 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.2 | 2.2 | 3.9 | 5.3 | 7.1 | 1.7 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 12.0 | 36.1 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 76.9 | 85.4 | 96.0 | 59.1 | 53.4 | 37.8 | 29.6 | 15.7 | 12.9 | 11.2 |
| Total Non-Current Assets | 172.0 | 185.5 | 213.1 | 171.7 | 166.3 | 147.1 | 93.8 | 23.6 | 15.8 | 14.4 |
| Total Assets | 691.4 | 621.0 | 627.5 | 594.2 | 504.5 | 512.5 | 371.5 | 233.2 | 161.1 | 102.7 |
| Current Liabilities | ||||||||||
| Account Payables | 6.7 | 4.3 | 6.2 | 8.0 | 5.8 | 3.0 | 5.2 | 9.2 | 5.2 | 5.1 |
| Short-Term Debt | 22.8 | 9.6 | 66.4 | 2.7 | 0 | 0 | 0 | 0 | 0 | 6.1 |
| Deferred Revenue | 341.3 | 281.8 | 236.0 | 194.8 | 150.2 | 116.3 | 82.2 | 95.5 | 70.2 | 52 |
| Other Current Liabilities | 79.4 | 0.4 | 8.7 | 44.8 | 14.8 | 24.2 | 13.4 | 9.8 | 7.6 | 3.3 |
| Total Current Liabilities | 452.1 | 354.8 | 371.2 | 270.3 | 215.7 | 155.9 | 112.3 | 128.4 | 95.1 | 76.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 276.9 | 240.8 | 140.2 | 115.4 | 0 | 0 | 0 | 0 | 0 | 13.9 |
| Deferred Tax Liabilities | 0 | 0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 |
| Other Non-Current Liabilities | (45.3) | 0.4 | 0 | 0 | 3.5 | 4.9 | 0 | 15.4 | 1.4 | 2.8 |
| Total Non-Current Liabilities | 286.3 | 298.9 | 204.0 | 178.3 | 54.9 | 60.0 | 54.0 | 31.6 | 20.4 | 34.8 |
| Total Liabilities | 738.4 | 653.7 | 575.2 | 448.5 | 270.6 | 215.9 | 166.2 | 160.0 | 115.5 | 110.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (610.9) | (612.2) | (519.9) | (408.5) | (257.5) | (168.9) | (135.4) | (145.6) | (96.2) | (64.8) |
| Accumulated Other Comprehensive Income | (36.5) | (11.8) | (23.6) | (7.2) | (5.7) | (5.0) | (0.3) | 0.5 | 0.4 | 1.3 |
| Total Stockholders' Equity | (47.0) | (32.6) | 52.3 | 145.7 | 233.9 | 296.6 | 205.2 | 73.2 | 45.5 | (8.1) |
| Total Liabilities & Equity | 691.4 | 621.0 | 627.5 | 594.2 | 504.5 | 512.5 | 371.5 | 233.2 | 161.1 | 102.7 |
| Debt Metrics | ||||||||||
| Total Debt | 345.4 | 315.0 | 277.4 | 184.0 | 56.9 | 58.1 | 52.1 | 0 | 0 | 20 |
| Net Debt | 209.6 | 196.4 | 128.0 | 35.9 | (43.9) | (54.3) | (107.7) | (94.9) | (73.8) | (11.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1.2 | (92.3) | (111.4) | (150.9) | (88.6) | (33.5) | (50.7) | (49.5) | (31.0) | (12.5) |
| Depreciation & Amortization | 9.7 | 10.0 | 9.5 | 7.3 | 5.7 | 5.9 | 4.7 | 2.0 | 0.9 | 0.8 |
| Stock-Based Compensation | 41.5 | 39.0 | 43.4 | 38.8 | 23.8 | 15.3 | 16.4 | 16.1 | 13.0 | 0 |
| Change in Working Capital | 33.4 | 26.4 | (39.6) | (2.0) | 5.1 | 3.9 | 20.7 | 0.1 | 7.5 | 4.9 |
| Other Non-Cash Items | (22.7) | 24.6 | (10.7) | 1.3 | 0.5 | 1.0 | 0.2 | 0.2 | 0.8 | 0.2 |
| Operating Cash Flow | 62.9 | 6.9 | (110.4) | (106.6) | (53.9) | (7.6) | (8.9) | (31.3) | (9.1) | (7.8) |
| Investing Activities | ||||||||||
| Capital Expenditure | (3.3) | (3.8) | (9.6) | (9.1) | (6.1) | (1.3) | (32.4) | (7.0) | (0.4) | (1.0) |
| Acquisitions | 0 | 0 | 0 | 0 | (30.7) | (6.1) | 0 | 0.0 | 0 | 0 |
| Purchases of Investments | (62.0) | (51.6) | (53.4) | (65.3) | (41.9) | (146.0) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 52.5 | 20.0 | 91.7 | 84.6 | 120.6 | 152.1 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | (152.1) | 0 | 0.0 | 0 | 0 |
| Investing Cash Flow | (12.8) | (35.4) | 28.6 | 10.3 | 41.9 | (153.4) | (32.4) | (7.0) | (0.4) | (1.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (10) | 43.8 | 88.4 | 119.4 | 0 | (3.8) | (0.7) | 0 | (20.4) | 10 |
| Stock Repurchased | (20) | (50.0) | 0 | 0 | 0 | 0 | 0 | 0 | (2.4) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (7.6) | 0 |
| Other Financing Activities | (7.4) | 6.0 | (9.3) | 23.5 | 2.8 | 6.0 | 4.5 | 2.7 | 1.1 | 0 |
| Financing Cash Flow | (36.3) | (0.3) | 79.2 | 142.9 | 2.8 | 110.5 | 105.5 | 61.0 | 50.9 | 10 |
| Cash Position | ||||||||||
| Net Change in Cash | 17.3 | (30.8) | (1.0) | 46.4 | (8.5) | (47.3) | 64.8 | 21.2 | 42.6 | (0.2) |
| Cash at Beginning | 118.6 | 149.4 | 150.4 | 104.0 | 112.5 | 159.8 | 94.9 | 73.8 | 31.1 | 31.4 |
| Cash at End | 135.8 | 118.6 | 149.4 | 150.4 | 104.0 | 112.5 | 159.8 | 94.9 | 73.8 | 31.1 |
| Free Cash Flow | 59.6 | 3.1 | (120.1) | (115.6) | (60.0) | (8.9) | (41.3) | (38.3) | (9.6) | (8.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 726.9 | 617.0 | 545.4 | 468.0 | 369.3 | 304.6 | 260.4 | 226.7 | 176.7 | 132.9 | 111.2 | 89.0 |
| Gross Profit | 527.3 | 466.8 | 402.0 | 334.7 | 265.2 | 215.8 | 166.5 | 141.8 | 112.1 | 82.8 | 62.7 | 52.2 |
| Operating Income | 0.6 | (60.9) | (108.0) | (145.0) | (83.9) | (37.9) | (50.5) | (46.7) | (31.8) | (11.4) | (4.8) | (13.8) |
| Net Income | 1.2 | (92.3) | (111.4) | (150.9) | (88.6) | (33.5) | (50.7) | (49.5) | (31.0) | (12.5) | (7.0) | (17.1) |
| EPS (Diluted) | 0.02 | -1.26 | -1.52 | -2.08 | -1.25 | -0.48 | -0.77 | -0.80 | -0.63 | -0.23 | -0.13 | -0.31 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 135.8 | 118.6 | 149.4 | 148.1 | 100.8 | 112.5 | 159.8 | 94.9 | 73.8 | 31.1 | ||
| Total Assets | 691.4 | 621.0 | 627.5 | 594.2 | 504.5 | 512.5 | 371.5 | 233.2 | 161.1 | 102.7 | ||
| Total Debt | 345.4 | 315.0 | 277.4 | 184.0 | 56.9 | 58.1 | 52.1 | 0 | 0 | 20 | ||
| Stockholders' Equity | (47.0) | (32.6) | 52.3 | 145.7 | 233.9 | 296.6 | 205.2 | 73.2 | 45.5 | (8.1) | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 62.9 | 6.9 | (110.4) | (106.6) | (53.9) | (7.6) | (8.9) | (31.3) | (9.1) | (7.8) | ||
| Capital Expenditure | (3.3) | (3.8) | (9.6) | (9.1) | (6.1) | (1.3) | (32.4) | (7.0) | (0.4) | (1.0) | ||
| Free Cash Flow | 59.6 | 3.1 | (120.1) | (115.6) | (60.0) | (8.9) | (41.3) | (38.3) | (9.6) | (8.7) | ||