Appian

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
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APPN YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

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APPN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26