Appian APPN
- Market cap
- $3.7B
- PE
- n/m
- a loss over the last year
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 4.7×
- EV/EBIT
- 350×
- Revenue, 12 months
- $795.3M
- +21% on a year ago
- Net margin
- −1.3%
- Free cash flow yield
- 2.0%
Appian trades at 4.7× sales. Its trailing earnings are negative, so it has no PE. Revenue was $795.3M over the last twelve months, up 21% on a year earlier with a −1% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $137.1M+16% | $145.3M+16% | $149.8M+11% | $146.4M+15% | $154.1M+12% | $166.7M+15% | $166.4M+11% | $170.6M+17% | $187M+21% | $202.9M+22% | $202.2M+22% | $203.3M+19% | |
| Cost of revenue | $36.1M+7% | $34.3M−3% | $38M+5% | $39.4M+7% | $37.1M+3% | $35.7M+4% | $44M+16% | $49M+24% | $45.3M+22% | $71.5M+100% | $54.4M+24% | $58.5M+20% |
| Gross profit | $101M+20% | $111M+23% | $111.8M+13% | $107M+18% | $117M+16% | $131M+18% | $122.4M+9% | $121.7M+14% | $141.7M+21% | $131.4M+0% | $147.8M+21% | $144.7M+19% |
| R&D | $37.1M−1% | $34.6M−9% | $39.8M−5% | $39.4M−1% | $38.6M+4% | $37.2M+8% | $41.8M+5% | $42.7M+8% | $40.3M+4% | $52.1M+40% | $46.3M+11% | $47.3M+11% |
| SG&A | $79.1M−6% | $93.2M−0% | $91.6M−1% | $106.8M+16% | $85.6M+8% | $88.8M−5% | $81.4M−11% | $90M−16% | $88.3M+3% | $80M−10% | $98.3M+21% | $102.9M+14% |
| −$15.2M−60% | −$16.8M−59% | −$19.5M−45% | −$39.2M−4% | −$7.2M−53% | $5M | −$834K−96% | −$11M−72% | $13.1M | −$687K | $3.2M | −$5.4M−51% | |
| Interest expense | $4.9M+5425% | $5.1M+250% | $5.6M+81% | $6.1M+28% | $6.2M+25% | $5.7M+12% | $5.3M−6% | $5.3M−13% | $5.3M−14% | $4.9M−13% | $4.2M−22% | $3.8M−29% |
| Pre-tax income | −$22.1M−50% | −$8.9M−73% | −$33.4M−7% | −$43.8M+5% | −$781K−97% | −$13.3M+49% | −$436K−99% | $1.3M | $9.2M | −$3.6M−73% | −$932K+114% | −$10M |
| $178K−30% | $1.1M−34% | −$465K | −$164K | $1.3M+641% | $364K−66% | $741K | $1.6M | $1.4M+4% | $1.5M+318% | $593K−20% | $1.8M+13% | |
| Net income | −$22.3M−49% | −$10M−71% | −$32.9M−11% | −$43.6M+3% | −$2.1M−91% | −$13.6M+36% | −$1.2M−96% | −$312K−99% | $7.8M | −$5.1M−63% | −$1.5M+30% | −$11.8M+3688% |
| −$0.30−51% | −$0.14−70% | −$0.45−12% | −$0.60+3% | −$0.03−90% | −$0.18+29% | −$0.02−96% | $0.00 | $0.10 | −$0.07−61% | −$0.02+0% | −$0.16 | |
| 73.2M+1% | 73.3M+1% | 73.3M+1% | 72.3M−1% | 72.4M−1% | 74M+1% | 74.1M+1% | 74.2M+3% | 74.6M+3% | 73.9M−0% | 73.8M−0% | 72.9M−2% |
Revenue: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
Cost of revenue: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
Gross profit: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
R&D: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
SG&A: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
Operating income: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
Interest expense: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
Pre-tax income: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
Income tax: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
Net income: Q1 FY16 and Q1 FY17: 6 months less the 3 months printed beside them.
EPS, diluted: 11 periods, Q1 FY16 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q1 FY16: share-days: the 6-month average less the second quarter's. 10 periods, Q4 FY16 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Software - Infrastructure nearest Appian's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| APPNAppian | $3.7B | n/m | n/a | 4.7× | +21% | −1.3% | |
| AVPTAvePoint | $3.5B | 51.6× | 197× | 7.5× | +25% | 15.3% | |
| FRSHFreshworks | $4B | 24.2× | 15.9× | 4.5× | +16% | 20.5% | |
| AGYSAgilysys | $3.4B | 79.9× | 134× | 10.3× | +14% | 13.0% | |
| SPSCSPS Commerce | $3.3B | 44.7× | 92.6× | 4.3× | +10% | 10.1% | |
| QTWOQ2 | $4.3B | 49.6× | 49.6× | 5.1× | +14% | 10.9% | |
| KDKyndryl | $3.2B | 41.0× | 24.7× | 0.2× | −1% | 0.6% | |
| ALRMAlarm.com | $3.1B | 29.0× | 53.3× | 3.0× | +9% | 11.1% | |
| CCCCCC Intelligent Solutions | $4.5B | 95.9× | 164× | 4.1× | +12% | 3.8% | |
| WKWorkiva | $4.7B | 103× | 197× | 4.8× | +20% | 4.9% | |
| NTCTNetscout Systems | $2.9B | 24.2× | 60.2× | 3.3× | +6% | 13.7% | |
| Peer median | $3.4B | 47.2× | 76.4× | 4.4× | +13% | 11.0% |
Investors who own it
Investors we follow who held Appian at the end of Jun 30, 2026, from their 13F filings.
- Baillie GiffordBaillie Gifford0.0% of portfoliotrimmed
More on Appian
Each number over time
- PE ratio
- Price to sales ratio
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Its groups
About
- Industry
- Software - Infrastructure
- Sector
- Technology
Valuation data, not investment advice. Prices as of .