Appian Corp - Understand $appn stock

$APPN Market Cap: $3.009 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$595.7M

TTM

Gross Margin

75.01%

TTM

Net Earnings

-$88.62M

TTM

Current Assets

$360.5M

Q3 2024

Current Liabilities

$298.5M

Q3 2024

Current Ratio

120.77%

Q3 2024

Total Assets

$549.9M

Q3 2024

Total Liabilities

$599.7M

Q3 2024

Book Value

-$49.80M

Q3 2024

Cash

$99.19M

Q3 2024

P/E

-33.96

Nov 29, 2024 EST

Free Cash Flow

-$19.88M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$545.4M	$468.0M	$369.3M	$304.6M	$260.4M	$226.7M	$176.7M	$132.9M	$111.2M	$89.00M
YoY Change	16.53%	26.74%	21.24%	16.99%	14.82%	28.29%	32.96%	19.53%	24.95%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$545.4M	$468.0M	$369.3M	$304.6M	$260.4M	$226.7M	$176.7M	$132.9M	$111.2M	$89.00M
Cost Of Revenue	$143.3M	$133.3M	$104.1M	$88.77M	$93.84M	$84.93M	$64.60M	$50.12M	$48.48M	$36.80M
Gross Profit	$402.0M	$334.7M	$265.2M	$215.8M	$166.5M	$141.8M	$112.1M	$82.80M	$62.72M	$52.20M
Gross Profit Margin	73.72%	71.52%	71.81%	70.86%	63.96%	62.55%	63.45%	62.29%	56.4%	58.65%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Selling, General & Admin	$356.9M	$340.5M	$251.6M	$183.5M	$158.9M	$143.8M	$109.1M	$71.18M	$50.82M	$52.50M
YoY Change	4.83%	35.35%	37.11%	15.44%	10.52%	31.8%	53.3%	40.07%	-3.21%
% of Gross Profit	88.78%	101.73%	94.87%	85.01%	95.45%	101.41%	97.3%	85.96%	81.01%	100.57%
Research & Development	$153.1M	$139.2M	$97.52M	$70.24M	$58.04M	$44.72M	$34.84M	$22.99M	$16.75M	$13.50M
YoY Change	9.98%	42.75%	38.83%	21.02%	29.78%	28.39%	51.5%	37.28%	24.07%
% of Gross Profit	38.08%	41.59%	36.78%	32.55%	34.86%	31.54%	31.06%	27.77%	26.7%	25.86%
Depreciation & Amortization	$8.000M	$5.800M	$4.900M	$5.400M	$4.700M	$2.000M	$900.0K	$800.0K	$800.0K	$610.0K
YoY Change	37.93%	18.37%	-9.26%	14.89%	135.0%	122.22%	12.5%	0.0%	31.15%
% of Gross Profit	1.99%	1.73%	1.85%	2.5%	2.82%	1.41%	0.8%	0.97%	1.28%	1.17%
Operating Expenses	$510.0M	$479.7M	$349.1M	$253.7M	$217.0M	$188.5M	$144.0M	$94.17M	$67.57M	$65.90M
YoY Change	6.32%	37.42%	37.59%	16.93%	15.09%	30.97%	52.86%	39.38%	2.53%
Operating Profit	-$108.0M	-$145.0M	-$83.91M	-$37.90M	-$50.47M	-$46.72M	-$31.81M	-$11.37M	-$4.842M	-$13.70M
YoY Change	-25.54%	72.82%	121.38%	-24.9%	8.02%	46.86%	179.78%	134.82%	-64.66%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	-$17.86M	-$1.673M	-$372.0K	-$478.0K	-$367.0K	-$198.0K	-$473.0K	-$982.0K	-$188.0K	$0.00
YoY Change	967.66%	349.73%	-22.18%	30.25%	85.35%	-58.14%	-51.83%	422.34%
% of Operating Profit
Other Income/Expense, Net	-$259.0K	-$5.218M	-$3.956M	$5.308M	$574.0K	-$2.493M	$1.565M	-$2.774M	-$1.767M	-$2.100M
YoY Change	-95.04%	31.9%	-174.53%	824.74%	-123.02%	-259.3%	-156.42%	56.99%	-15.86%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Pretax Income	-$108.2M	-$150.2M	-$87.86M	-$32.59M	-$49.89M	-$49.21M	-$30.25M	-$14.14M	-$6.609M	-$15.90M
YoY Change	-27.95%	70.98%	169.57%	-34.67%	1.39%	62.71%	113.84%	114.01%	-58.43%
Income Tax	$3.209M	$692.0K	$778.0K	$883.0K	$820.0K	$239.0K	$761.0K	-$1.683M	$378.0K	$1.200M
% Of Pretax Income
Net Earnings	-$111.4M	-$150.9M	-$88.64M	-$33.48M	-$50.71M	-$49.45M	-$31.01M	-$12.46M	-$6.987M	-$17.10M
YoY Change	-26.16%	70.26%	164.78%	-33.99%	2.55%	59.48%	148.83%	78.35%	-59.14%
Net Earnings / Revenue	-20.43%	-32.25%	-24.01%	-10.99%	-19.48%	-21.81%	-17.54%	-9.37%	-6.28%	-19.21%
Basic Earnings Per Share	-$1.52	-$2.08	-$1.25	-$0.48	-$0.77
Diluted Earnings Per Share	-$1.52	-$2.08	-$1.25	-$0.48	-$0.77	-$797.1K	-$626.3K	-$212.9K	-$119.3K	-$291.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$159.0M	$196.0M	$156.0M	$222.3M	$159.8M	$94.90M	$73.80M	$31.10M	$31.40M
YoY Change	-18.87%	25.66%	-29.84%	39.11%	68.39%	28.59%	137.3%	-0.96%
Cash & Equivalents	$149.4M	$148.1M	$100.8M	$112.5M	$159.8M	$94.90M	$73.80M	$31.10M	$31.40M
Short-Term Investments	$9.653M	$47.86M	$55.18M	$109.8M
Other Short-Term Assets	$83.79M	$60.54M	$52.24M	$45.90M	$47.50M	$35.30M	$16.10M	$10.40M	$7.300M
YoY Change	38.41%	15.88%	13.81%	-3.37%	34.56%	119.25%	54.81%	42.47%
Inventory
Prepaid Expenses
Receivables	$171.6M	$166.0M	$130.0M	$97.30M	$70.40M	$79.40M	$55.30M	$46.80M	$34.20M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$414.4M	$422.5M	$338.3M	$365.4M	$277.7M	$209.6M	$145.2M	$88.40M	$73.00M
YoY Change	-1.93%	24.9%	-7.43%	31.58%	32.49%	44.35%	64.25%	21.1%
Property, Plant & Equipment	$82.66M	$79.10M	$64.81M	$66.10M	$63.80M	$7.500M	$2.700M	$3.100M	$2.900M
YoY Change	4.49%	22.05%	-1.95%	3.61%	750.67%	177.78%	-12.9%	6.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$12.04M	$36.10M
YoY Change		-100.0%	-66.64%
Other Assets	$99.50M	$61.01M	$54.46M	$38.30M	$30.10M	$16.00M	$13.20M	$11.30M	$7.500M
YoY Change	63.07%	12.03%	42.2%	27.24%	88.13%	21.21%	16.81%	50.67%
Total Long-Term Assets	$213.1M	$171.7M	$166.3M	$147.1M	$93.80M	$23.60M	$15.90M	$14.30M	$10.40M
YoY Change	24.13%	3.29%	13.02%	56.82%	297.46%	48.43%	11.19%	37.5%
Total Assets	$627.5M	$594.2M	$504.5M	$512.5M	$371.5M	$233.2M	$161.1M	$102.7M	$83.40M
YoY Change
Accounts Payable	$6.174M	$7.997M	$5.766M	$3.000M	$5.200M	$9.200M	$5.200M	$5.100M	$2.600M
YoY Change	-22.8%	38.69%	92.2%	-42.31%	-43.48%	76.92%	1.96%	96.15%
Accrued Expenses	$57.99M	$59.89M	$57.73M	$35.40M	$21.70M	$20.90M	$18.30M	$12.40M	$10.10M
YoY Change	-3.17%	3.74%	63.08%	63.13%	3.83%	14.21%	47.58%	22.77%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$66.37M	$2.740M		$0.00	$1.400M		$0.00	$6.100M	$0.00
YoY Change	2322.19%			-100.0%			-100.0%
Total Short-Term Liabilities	$371.2M	$270.3M	$215.7M	$155.9M	$112.3M	$128.4M	$95.10M	$76.00M	$53.50M
YoY Change	37.34%	25.28%	38.37%	38.82%	-12.54%	35.02%	25.13%	42.06%
Long-Term Debt	$140.2M	$115.4M	$0.00	$0.00	$2.400M	$0.00	$0.00	$13.90M	$10.00M
YoY Change	21.53%			-100.0%			-100.0%	39.0%
Other Long-Term Liabilities	$63.77M	$62.78M	$54.67M	$60.00M	$51.60M	$31.50M	$20.30M	$20.90M	$15.00M
YoY Change	1.57%	14.83%	-8.88%	16.28%	63.81%	55.17%	-2.87%	39.33%
Total Long-Term Liabilities	$204.0M	$178.2M	$54.67M	$60.00M	$54.00M	$31.50M	$20.30M	$34.80M	$25.00M
YoY Change	14.5%	225.87%	-8.88%	11.11%	71.43%	55.17%	-41.67%	39.2%
Total Liabilities	$575.2M	$448.5M	$270.6M	$215.9M	$166.2M	$160.0M	$115.5M	$110.8M	$79.40M
YoY Change	28.24%	65.75%	25.34%	29.9%	3.88%	38.53%	4.24%	39.55%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	73.10M shares	72.46M shares	71.04M shares	69.05M shares	65.48M shares
Diluted Shares Outstanding	73.10M shares	72.46M shares	71.04M shares	69.05M shares	65.48M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.0094 Billion

About APPIAN CORP

Appian Corp. engages in the provision of business process management (BPM) solutions. The company is headquartered in Mclean, Virginia and currently employs 2,243 full-time employees. The company went IPO on 2017-05-25. The firm is engaged in helping organizations build applications and workflows, with a low-code automation platform. Its Appian platform is an integrated automation platform that enables organizations to transform the way they work, allowing them to design, automate, and optimize end-to-end processes and complex business operations. The company offers Workflow, Robotic Process Automation (RPA), Data Fabric, and Process Mining in one fully integrated, low-code platform. Its patented data fabric architecture delivers a solution, enabling organizations to make informed decisions and route processes from a 360-degree view of business operations. Its Self-Assembling Interface Layer (SAIL) technology and utilization of low-code design allows its customers to create intuitive user experiences and deploy them across Web and mobile devices.

Industry: Services-Prepackaged Software Peers: MICROSOFT CORP COMMVAULT SYSTEMS INC Mandiant, Inc. KnowBe4, Inc. Ping Identity Holding Corp. QUALYS, INC. Rapid7, Inc. TERADATA CORP /DE/ Tenable Holdings, Inc. VARONIS SYSTEMS INC