Companies /Technology

Appian Corp - Class A

NASDAQ: APPN Software - Infrastructure
$42.33
â–² $0.93 (+2.24%) today
Markets open · 3:29pm ET

Q2 2025 Earnings

Reported Aug 7, 2025, 7:14am ET · SEC source
$0.00
Beat +100.00%
EPS · est. $-0.13
$170.6M
Beat +6.62%
Revenue · est. $160.1M
+9.3%
Beating market
APPN vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%+12%Aug 7Aug 8report 7:14am ETearnings−0.1%+1.9%
0+4%+8%+12%Aug 7Aug 8earnings−0.1%+1.9%
APPN +1.9%S&P 500 −0.1%
0+4%+8%+12%Aug 7Aug 8report 7:14am ETearnings+0.3%+1.9%
0+4%+8%+12%Aug 7Aug 8earnings+0.3%+1.9%
APPN +1.9%NASDAQ +0.3%
−10%−5%0+5%Aug 6Aug 14report 7:14am ETearnings+1.4%+0.8%
−10%−5%0+5%Aug 6Aug 14earnings+1.4%+0.8%
APPN +0.8%S&P 500 +1.4%
−10%−5%0+5%Aug 6Aug 14report 7:14am ETearnings+1.5%+0.8%
−10%−5%0+5%Aug 6Aug 14earnings+1.5%+0.8%
APPN +0.8%NASDAQ +1.5%
+8.27%
Day of report
−0.31%
Next session
+1.88%
One week
+12.13%
30 days

S&P 500 over the same 30 days: +2.86%.

Did APPN Beat Earnings? Q2 2025 Results

Appian delivered a standout second quarter, posting revenue of $170.64 million, up 16.5% year over year and clearing the $160.05 million consensus estimate by 6.62%, while reporting breakeven GAAP EPS of $0.00 against an expected loss of $0.13, a 100% beat that underscored the company's rapid profitability improvement. The clearest driver behind the quarter was cloud subscriptions growth, where revenue climbed 21% to $106.90 million, supported by a 111% cloud revenue retention rate that signals customers are expanding their Appian footprints rather than pulling back. That momentum helped compress the GAAP net loss to just $312,000, compared to a $43.59 million loss a year ago, with non-GAAP adjusted EBITDA swinging to a positive $8.13 million from negative $10.49 million. CEO Matt Calkins credited Appian AI for enabling higher prices and a larger pipeline. Looking ahead, the company guided Q3 total revenue of $172.00 to $176.00 million and full-year 2025 revenue of $695.00 to $703.00 million, with full-year adjusted EBITDA of $49.00 to $55.00 million.

Key Takeaways
  • Cloud subscriptions revenue grew 21% YoY to $106.9 million
  • Cloud subscriptions revenue retention rate of 111%
  • Appian AI drove higher prices and larger pipeline
  • GAAP operating loss narrowed significantly from $39.2 million to $11.0 million YoY
  • Non-GAAP operating income swung to $5.6 million from a $13.1 million loss

“Appian AI drove strong financial results in the second quarter of 2025, with higher prices and a larger pipeline.”

Appian CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, Appian expects cloud subscriptions revenue of $109.0–$111.0 million (16–18% YoY growth), total revenue of $172.0–$176.0 million (12–14% YoY growth), adjusted EBITDA of $9.0–$12.0 million, and non-GAAP EPS of $0.03–$0.07 on 74.7 million weighted average shares. For full-year 2025, the company guides cloud subscriptions revenue of $429.0–$433.0 million (17–18% YoY growth), total revenue of $695.0–$703.0 million (13–14% YoY growth), adjusted EBITDA of $49.0–$55.0 million, and non-GAAP EPS of $0.28–$0.36 on 74.7 million weighted average shares.

APPN YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$60.0M$120.0M$180.0M$146.4M$170.6MRevenue$107.0M$126.7MGross Profit$-6,386,789$-10,984,000Operating Income$-156,564$-312,000Net Income
$0$60.0M$120.0M$180.0MRevenueGross ProfitOperating IncomeNet Income

APPN Revenue by Segment

Subscriptions$132.7M+17.0%
Cloud Subscriptions$106.9M+21.0%
Professional Services$38.0M+13.0%

Figures from SEC filings and company reports. Not investment advice.