APPIAN CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $726.9M | $617.0M | $545.3M | $468.0M | $369.2M | $304.6M | $260.2M | $226.7M |
| Cloud Subscriptions | — | — | $304.4M | $236.8M | $177.7M | $129.2M | $91.5M | $63.4M |
| On-Premises Subscriptions and Maintenance | — | — | $150.3M | $141.8M | $115.2M | $104.3M | $92.7M | $80.1M |
| Professional Services | — | — | $90.6M | $89.4M | $76.3M | $71.1M | $76.0M | $83.2M |
| Cost of Revenue | $199.6M | $168.2M | $160.3M | $133.3M | $104.1M | $88.8M | $93.8M | $84.9M |
| Gross Profit | $527.3M | $448.8M | $385.0M | $334.7M | $265.2M | $215.8M | $166.5M | $141.8M |
| Gross Margin | 72.5% | 72.7% | 70.6% | 71.5% | 71.8% | 70.8% | 64.0% | 62.6% |
| Operating Expenses | ||||||||
| Research & Development | $172.2M | $163.4M | $160.4M | $139.2M | $97.5M | $70.2M | $58.0M | $44.7M |
| SG&A Expense | $113.4M | $107.8M | $82.6M | $120.1M | $83.7M | $53.2M | $41.5M | $37.8M |
| Operating Income | $609.0K | $-60.9M | $-108.0M | $-145.0M | $-83.9M | $-37.9M | $-50.5M | $-46.7M |
| Operating Margin | 0.1% | -9.9% | -19.8% | -31.0% | -22.7% | -12.4% | -19.4% | -20.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $6.4M | $-91.2M | $-108.2M | $-150.2M | $-87.9M | $-32.6M | $-49.9M | $-49.2M |
| Income Tax Expense | $5.2M | $1.1M | $3.2M | $692.0K | $778.0K | $883.0K | $820.0K | $239.0K |
| Net Income | $1.2M | $-92.3M | $-111.4M | $-150.9M | $-88.6M | $-33.5M | $-50.7M | $-49.5M |
| Net Margin | 0.2% | -15.0% | -20.4% | -32.2% | -24.0% | -11.0% | -19.5% | -21.8% |
| EPS (Basic) | $0.02 | $-1.26 | $-1.52 | $-2.08 | $-1.25 | $-0.48 | $-0.77 | $-0.80 |
| EPS (Diluted) | $0.02 | $-1.26 | $-1.52 | $-2.08 | $-1.25 | $-0.48 | $-0.77 | $-0.80 |
| Shares Outstanding (Basic) | 74.0M | 73.0M | 73.1M | 72.5M | 71.0M | 69.1M | 65.5M | — |
| Shares Outstanding (Diluted) | 74.6M | 73.0M | 73.1M | 72.5M | 71.0M | 69.1M | 65.5M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |