Companies /Technology

Appian Corp - Class A

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

Q4 2025 Earnings

Reported Feb 19, 2026, 7:31am ET · SEC source
$0.15
Beat +91.57%
EPS · est. $0.08
$202.9M
Beat +7.19%
Revenue · est. $189.3M
+10.1%
Beating market
APPN vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−12%−6%0+6%Feb 19Feb 20report 7:31am ETearnings+0.4%−3.0%
−12%−6%0+6%Feb 19Feb 20earnings+0.4%−3.0%
APPN −3.0%S&P 500 +0.4%
−12%−6%0+6%Feb 19Feb 20report 7:31am ETearnings+0.6%−3.0%
−12%−6%0+6%Feb 19Feb 20earnings+0.6%−3.0%
APPN −3.0%NASDAQ +0.6%
−10%−5%0Feb 18Feb 27report 7:31am ETearnings−0.1%−1.9%
−10%−5%0Feb 18Feb 27earnings−0.1%−1.9%
APPN −1.9%S&P 500 −0.1%
−10%−5%0Feb 18Feb 27report 7:31am ETearnings+0.1%−1.9%
−10%−5%0Feb 18Feb 27earnings+0.1%−1.9%
APPN −1.9%NASDAQ +0.1%
+2.00%
Day of report
+2.44%
Next session
+11.41%
One week
+5.87%
30 days

S&P 500 over the same 30 days: −4.25%.

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 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

Forward Guidance & Outlook

For Q1 2026, Appian expects cloud subscriptions revenue of $119.0-$121.0 million (19-21% YoY growth), total revenue of $189.0-$193.0 million (14-16% YoY growth), adjusted EBITDA of $19.0-$22.0 million, and non-GAAP EPS of $0.16-$0.20. For full year 2026, Appian expects cloud subscriptions revenue of $502.0-$510.0 million (15-17% YoY growth), total revenue of $801.0-$817.0 million (10-12% YoY growth), adjusted EBITDA of $89.0-$99.0 million, and non-GAAP EPS of $0.82-$0.96.

APPN YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$60.0M$120.0M$180.0M$166.7M$202.9MRevenue$131.0M$147.0MGross Profit$-3,138,183$-5,103,000Net Income
$0$60.0M$120.0M$180.0MRevenueGross ProfitNet Income

APPN Revenue by Segment

Subscriptions$162.3M+19.0%
Cloud Subscriptions$117.0M+18.0%
Professional Services$40.6M+36.0%

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