Appian

Appian (APPN) Q4 2025 Earnings

Reported Feb 19, 2026 at 7:31 AM ET · SEC Source

Q4 25 EPS

$0.15

BEAT +91.57%

Est. $0.08

Q4 25 Revenue

$202.9M

BEAT +7.19%

Est. $189.3M

vs S&P Since Q4 25

-0.1%

TRAILING MARKET

APPN +8.6% vs S&P +8.7%

Full Year 2025 Results

FY 25 EPS

$0.61

FY 25 Revenue

$726.9M

Market Reaction

Did APPN Beat Earnings? Q4 2025 Results

Appian delivered a strong finish to fiscal 2025, posting Q4 revenue of $202.87 million, up 21.7% year-over-year and ahead of the $189.26 million consensus by 7.19%, while non-GAAP EPS of $0.15 beat the $0.08 estimate by 91.57%. The primary engine beh… Read more Appian delivered a strong finish to fiscal 2025, posting Q4 revenue of $202.87 million, up 21.7% year-over-year and ahead of the $189.26 million consensus by 7.19%, while non-GAAP EPS of $0.15 beat the $0.08 estimate by 91.57%. The primary engine behind the quarter's top-line momentum was a 36% surge in professional services revenue to $40.60 million, complemented by cloud subscriptions revenue of $117.00 million, up 18%, with cloud net annualized recurring revenue expansion holding at 114%, reflecting steady customer retention and upsell activity. For the full year, Appian swung to GAAP net income of $1.23 million from a net loss of $92.26 million in FY 2024, with adjusted EBITDA nearly quadrupling to $76.80 million. Looking ahead, the company guided full-year 2026 total revenue of $801.00 million to $817.00 million and adjusted EBITDA of $89.00 million to $99.00 million, signaling continued operating leverage as recent enterprise wins, including a U.S. Army AI transformation agreement, broaden its revenue base.

Key Takeaways

  • Cloud subscriptions revenue grew 18% YoY in Q4 to $117.0 million
  • Professional services revenue surged 36% YoY in Q4
  • Cloud net annualized recurring revenue expansion was 114% as of December 31, 2025
  • Full year operating cash flow increased to $62.9 million from $6.9 million
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APPN YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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APPN Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26