Appian (APPN) Q3 2025 Earnings
Reported Nov 6, 2025 at 7:20 AM ET · SEC Source
Q3 25 EPS
$0.32
BEAT +490.41%
Est. $0.05
Q3 25 Revenue
$187.0M
BEAT +7.38%
Est. $174.2M
vs S&P Since Q3 25
-40.1%
TRAILING MARKET
APPN -28.5% vs S&P +11.7%
Market Reaction
Did APPN Beat Earnings? Q3 2025 Results
Appian delivered a decisive beat in the third quarter of 2025, posting earnings per share of $0.32 against a consensus estimate of $0.05, a 490.41% positive surprise, while revenue of $187.00 million topped forecasts by 7.38% and grew 21.4% year-over… Read more Appian delivered a decisive beat in the third quarter of 2025, posting earnings per share of $0.32 against a consensus estimate of $0.05, a 490.41% positive surprise, while revenue of $187.00 million topped forecasts by 7.38% and grew 21.4% year-over-year. The standout driver behind the result was a sharp profitability inflection: total operating expenses grew just 3.6% as revenue expanded 21%, allowing Appian to swing to GAAP operating income of $13.11 million from a loss of $7.16 million a year ago, with adjusted EBITDA nearly tripling to $32.22 million. Cloud subscriptions revenue, the company's core growth engine, rose 21% to $113.60 million, supported by a 111% revenue retention rate, while professional services revenue jumped 29% to $39.82 million. Shares surged roughly 19% on the news, reflecting investor enthusiasm over both the beat and the raised full-year outlook, which now calls for total revenue of $711.00 million to $715.00 million and adjusted EBITDA of $67.00 million to $70.00 million for 2025.
Key Takeaways
- • Cloud subscriptions revenue grew 21% YoY to $113.6 million
- • Cloud subscriptions revenue retention rate of 111%
- • Professional services revenue grew 29% YoY
- • Total operating expenses grew only 3.6% YoY while revenue grew 21%
- • Swing to GAAP operating income of $13.1 million from operating loss of $7.2 million
APPN YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
APPN Revenue by Segment
With YoY comparisons, source: SEC Filings
APPN Earnings Trends
APPN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
APPN EPS Trend
Earnings per share: estimate vs actual
APPN Revenue Trend
Quarterly revenue: estimate vs actual
APPN Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.18 | $0.27 | +46.10% | $202.2M | +5.44% |
| Q4 25 BEAT FY | $0.08 | $0.15 | +91.57% | $202.9M | +7.19% |
| FY Full Year | — | $0.61 | — | $726.9M | — |
| Q3 25 BEAT | $0.05 | $0.32 | +490.41% | $187.0M | +7.38% |
| Q2 25 BEAT | $-0.13 | $0.00 | +100.00% | $170.6M | +6.62% |