APPNHIGH SIGNALFINANCIAL10-K

Appian achieved a dramatic operational turnaround, swinging from -$92.3M net loss to $1.2M profit while growing revenue 28.3%.

This represents a fundamental shift in Appian's business model execution, demonstrating the company can scale profitably after years of losses. The simultaneous achievement of strong revenue growth and profitability suggests management has successfully balanced growth investments with operational discipline, which should significantly improve investor confidence in the business model.

Comparing 2026-02-19 vs 2025-02-19View on EDGAR →
FINANCIAL ANALYSIS

Appian delivered exceptional financial performance with revenue growing 28.3% to $226.7M while achieving profitability turnaround from -$92.3M loss to $1.2M profit and operating cash flow surging 814% to $62.9M. The company maintained a strong balance sheet with cash increasing 14.6% to $135.8M and current assets growing 19.3%, though stockholders' equity remained negative at -$47.0M due to historical losses. Overall, the results signal a mature business model that can generate both growth and profitability, representing a major inflection point for long-term value creation.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+814.1%
$6.9M→$62.9M

Operating cash flow surged 814.1% — exceptional cash generation, highest quality earnings signal.

Net Income
P&L
+101.3%
-$92.3M→$1.2M

Net income grew 101.3% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+101%
-$60.9M→$609K

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Share Buybacks
Cash Flow
-60%
$50.0M→$20.0M

Buyback activity reduced 60% — capital being redeployed elsewhere or cash conservation underway.

Stockholders Equity
Balance Sheet
-44%
-$32.6M→-$47.0M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Accounts Receivable
Balance Sheet
+30.8%
$195.1M→$255.1M

Receivables surged 30.8% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Revenue
P&L
+28.3%
$176.7M→$226.7M

Revenue growing 28.3% — solid top-line momentum, watch margins for quality of growth.

Current Liabilities
Balance Sheet
+27.4%
$354.8M→$452.1M

Current liabilities rose 27.4% — increased short-term obligations, watch current ratio.

Current Assets
Balance Sheet
+19.3%
$435.5M→$519.4M

Current assets grew 19.3% — improving short-term liquidity or inventory/receivables build.

Cash & Equivalents
Balance Sheet
+14.6%
$118.6M→$135.8M

Cash grew 14.6% — improving liquidity position supports investment and shareholder returns.

LANGUAGE CHANGES
NEW — 2026-02-19
PRIOR — 2025-02-19
ADDED
As of February 17, 2026, there were 42,872,259 shares of our Class A common stock and 31,087,485 shares of our Class B common stock, each with a par value of $0.0001 per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 46 Item 7A.
Overview Appian Corporation (together with its subsidiaries, Appian, the Company, we, or our ) provides process automation technology.
For over 25 years, our highly reliable and scalable platform has been leveraged by large enterprises and governments.
Combining leading edge process orchestration and intelligence, we provide everything an organization needs to design, automate, and optimize critical processes, facilitating continuous adaptation in changing environments.
+7 more — sign up free →
REMOVED
As of February 17, 2025, there were 42,957,026 shares of our Class A common stock and 31,088,085 shares of our Class B common stock, each with a par value of $0.0001 per share, outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 45 Item 7A.
Overview Appian Corporation (together with its subsidiaries, Appian, the Company, we, or our ) is The Process Company.
We deliver a software platform that helps organizations run better processes that reduce costs, improve customer experiences, and gain a strategic edge.
Committed to client success, we serve many of the world s largest companies across industries.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →