Appian Corp - Class A

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.