APPN on Nasdaq

Appian Corporation

Logo: Appian Corporation, PD, via Wikipedia4

American cloud computing company

Appian Corporation is an enterprise software company that specializes in process automation and AI agent orchestrations. It is headquartered in McLean, Virginia, part of Dulles Technology Corridor.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$726.9MRevenue, fiscal 20255
$1.2MNet income, fiscal 20255
1999Founded1

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  • TickerAPPN on Nasdaq1
  • Industrycloud computing, enterprise software, low code development, low code/no code development, low-code development platform1
  • HeadquartersMcLean1
  • Websitewww.appian.com
  • Business address7950 Jones Branch Drive, Mclean, Va 221026
  • Filer categoryLarge accelerated filer6

Appian Corporation is an enterprise software company that specializes in process automation and AI agent orchestrations. It is headquartered in McLean, Virginia, part of Dulles Technology Corridor. The company sells software to automate complex processes in large enterprises and governments in North America, Europe, the Middle East, South America, Oceania and Southeast Asia.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

72.5%Gross margin5
0.1%Operating margin5
0.2%Net margin5
17.8%Revenue growth, 20255
$59.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Cloud subscriptions brought in 60% of the revenue Appian Corporation broke down this way in fiscal 2025.

  1. Cloud subscriptions$437.4M560%up 19% from 2024
  2. Professional Services$150.5M521%up 19% from 2024
  3. License Subscriptions$105.8M515%up 15% from 2024
  4. Maintenance and Support$33.3M55%up 10% from 2024
Products and services by year
Products and services202320242025
Cloud subscriptions$304.5M$368.0M$437.4M
Professional Services$133.0M$126.5M$150.5M
License Subscriptions$82.3M$92.2M$105.8M
Maintenance and Support$25.6M$30.4M$33.3M

Regions

United States brought in 62% of the revenue Appian Corporation broke down this way in fiscal 2025.

  1. United States$453.7M562%up 16% from 2024
  2. Outside the United States$273.2M538%up 21% from 2024
Regions by year
Regions202320242025
United States$350.2M$391.0M$453.7M
Outside the United States$195.2M$226.0M$273.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue27¢$199.6M
  • Research and development24¢$172.2M
  • Other costs48¢$348.7M
  • Income tax1¢$5.2M
  • Profit0¢$1.2M

Out of $726.9M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending5¢$3.3M
  • Share buybacks32¢$20.0M
  • Kept or used elsewhere63¢$39.6M

Out of $62.9M of cash from operations.5

Financial statements

Revenue891011125$726.9M in 2025+221% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $226.7M$226.7M20182019: $260.4M$260.4M2019+15%2020: $304.6M$304.6M2020+17%2021: $369.3M$369.3M2021+21%2022: $468.0M$468.0M2022+27%2023: $545.4M$545.4M2023+17%2024: $617.0M$617.0M2024+13%2025: $726.9M$726.9M2025+18%
Gross profit891011125$527.3M in 2025+272% since 2018
0$200.0M$400.0M$600.0M2018: $141.8M$141.8M20182019: $166.5M$166.5M2019+17%2020: $215.8M$215.8M2020+30%2021: $265.2M$265.2M2021+23%2022: $334.7M$334.7M2022+26%2023: $385.0M$385.0M2023+15%2024: $448.8M$448.8M2024+17%2025: $527.3M$527.3M2025+18%
Operating income891011125$609.0K in 2025
-$150.0M-$100.0M-$50.0M0$50.0M2018: -$46.7M-$46.7M20182019: -$50.5M-$50.5M2019+8%2020: -$37.9M-$37.9M2020−25%2021: -$83.9M-$83.9M2021+121%2022: -$145.0M-$145.0M2022+73%2023: -$108.0M-$108.0M2023−26%2024: -$60.9M-$60.9M2024−44%2025: $609.0K$609.0K2025
Net income891011125$1.2M in 2025
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2018: -$49.5M-$49.5M20182019: -$50.7M-$50.7M2019+3%2020: -$33.5M-$33.5M2020−34%2021: -$88.6M-$88.6M2021+165%2022: -$150.9M-$150.9M2022+70%2023: -$111.4M-$111.4M2023−26%2024: -$92.3M-$92.3M2024−17%2025: $1.2M$1.2M2025

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-12-312024-12-312023-12-31
Total revenue$726.9M$617.0M$545.4M
Total cost of revenue$199.6M$168.2M$160.3M
Gross profit$527.3M$448.8M$385.0M
Sales and marketing$241.2M$238.5M$250.0M
Research and development$172.2M$163.4M$160.4M
General and administrative$113.4M$107.8M$82.6M
Total operating expenses$526.7M$509.6M$493.0M
Operating income (loss)$609.0K-$60.9M-$108.0M
Other (income) expense, net-$26.7M$6.8M-$17.6M
Interest expense$20.9M$23.6M$17.9M
Total other non-operating (income) expense-$5.8M$30.4M$259.0K
Income (loss) before income taxes$6.4M-$91.2M-$108.2M
Income tax expense$5.2M$1.1M$3.2M
Net income (loss)$1.2M-$92.3M-$111.4M
Basic (in usd per share)$0.02-$1.26-$1.52
Diluted (in usd per share)$0.02-$1.26-$1.52
Basic (in shares)74.0M shares73.0M shares73.1M shares
Diluted (in shares)74.6M shares73.0M shares73.1M shares

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The story

Founding and early growth: 1999–2013

Appian was founded in 1999 by Michael Beckley, Robert Kramer, Marc Wilson and Matthew Calkins, who is CEO.

In 2001, the company developed Army Knowledge Online, regarded at the time as "the world's largest intranet."

In 2008, the company completed a $10,000,000 Series A funding by Novak Biddle Venture Partners. In 2010, Appian Cloud was accredited with Federal Information Security Management Act (FISMA) low-level security by the U.S. Education Department. In 2013, it received FISMA Moderate Authorization and Accreditation from the General Services Administration (GSA).

Secondary investments and Nasdaq: 2014–2017

In 2014, the company received $37.5 million in secondary investments from New Enterprise Associates, which was paid out to shareholders.

On May 25, 2017, Appian became a publicly traded company, trading as APPN on the NASDAQ Global Exchange.

Process mining and artificial intelligence: 2018–present

In May 2019, Appian released Appian AI. In March 2020, the company updated the platform's artificial intelligence and robotic process automation capabilities.

In 2020, Appian Cloud was certified as compliant with the Payment Card Industry (PCI) Data Security Standards (SS) maintained by the Payment Card Industry Security Standards Council. Also in 2020, Appian RPA achieved authorization from the Federal Risk and Authorization Management Program (FedRAMP) as part of Appian Cloud. In 2025, Appian Government Cloud (AGC) obtained Federal Risk and Authorization management Program (FedRAMP) High authorization and renewed its Impact Level 5 (IL5) Provisional Authority to Operate (PA) from the Defense Information Systems Agency (DISA) for a three-year period.

In April 2022, process mining was integrated into all Appian products, including its automation, artificial intelligence, and low-code capabilities.

Read the full text

In May 2022, Appian was awarded $2.04 billion in damages against Pegasystems Inc. Pegasystems was found to have violated the Virginia Computer Crimes Act when it hired a developer to spy on Appian, stealing trade secrets in an operation Pegasystems referred to as "Project Crush". In January 2026, following the decision from the Supreme Court of Virginia remanding the case for retrial and rejecting Pega's arguments seeking to dismiss the case entirely. Appian announced that it would press its trade secret claims against Pegasystems Inc.

In 2025, Appian released AI Document Center (renamed DocCenter in December 2025), which extended the company's intelligent document processing (IDP) capabilities with AI.

From Wikipedia’s article on Appian Corporation, shared under CC BY-SA 4.0.7

Products and brands

Appian develops software for business process automation, application development, and process orchestration. Its platform is used to build applications and automate workflows that involved human users, software systems, and robotic process automation tools.

The company has expanded the platform over time to include artificial intelligence features, document processing, and tools for building and managing AI agents. In 2025, Appian introduced Agent Studio, a product for development AI agents for us in business processes.

Appian also offers a data fabric intended to connect data from source systems without requiring full migration into a single database. The company says this capability supports both reading from and writing to connected systems.

Following its 2021 acquisition of process mining company Lana Labs, Appian added process mining to its platform. In 2024, it introduced Process HQ, a product that combines process mining, AI, and data integration tools.

Read the full text

Acquisitions

On January 7, 2020, Appian announced acquisition of Novayre Solutions SL, developer of the Jidoka robotic process automation (RPA) platform. In August 2021, Appian acquired the process mining company Lana Labs. The company's applications help companies discover the work patterns being used within their organization by looking through system logs for common actions and sequences.

Analyst recognition

Appian has been recognized by industry analyst firms including Gartner, Forrester, IDC, and Everest Group across categories such as business process automation, digital process automation, and low-code application platforms.

Appian was named a Leader in the 2025 Gartner Magic Quadrant for Business Orchestration and Automation Technologies (BOAT)

Appian was named a Leader in the 2025 Forrester Wave: Digital Process Automation Software, Q3 2025, Q3 2023, and Q3 2021

Appian was named a Leader in the Everest Group PEAK Matrix Assessment for Process Orchestration consecutively from 2022 through 2025

Appian was named a Leader in the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms in 2023, 2024, and 2025

Appian has received the Voice of the Customer for Enterprise Low-Code Application Platforms recognition from Gartner Peer Insights in 2025, 2022

Appian is ranked #1 in Automated Processing Use Cases for IDP by Gartner in the 2025 Gartner Critical Capabilities for Intelligent Document Processing Solutions

From Wikipedia’s article on Appian Corporation, shared under CC BY-SA 4.0.7

Timeline

  1. May 24, 2017Went public Listed on NASDAQ1
  2. 1999Founded Founded1

Recent filings

  1. Oct 8, 20264
  2. Oct 7, 2026144
  3. Oct 2, 20264
  4. Oct 2, 20264
  5. Oct 2, 20264
  6. Oct 2, 20264
  7. Oct 2, 20264
  8. Sep 11, 20264
  9. Sep 10, 20264
  10. Sep 8, 2026144
  11. Aug 14, 2026SCHEDULE 13G/A
  12. Aug 11, 20264
  13. Aug 7, 2026144
  14. Aug 6, 20268-K
  15. Aug 6, 202610-Q

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2