APPIAN CORP
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 15, 2024
APPN$51.15-0.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | |||
| Subscriptions | $412,337 | $340,152 | $263,738 |
| Professional services | 133,026 | 127,839 | 105,521 |
| Total revenue | 545,363 | 467,991 | 369,259 |
| Cost of revenue | |||
| Subscriptions | 43,563 | 36,005 | 27,330 |
| Professional services | 99,759 | 97,301 | 76,763 |
| Total cost of revenue | 143,322 | 133,306 | 104,093 |
| Gross profit | 402,041 | 334,685 | 265,166 |
| Operating expenses | |||
| Sales and marketing | 242,381 | 220,374 | 167,852 |
| Research and development | 153,098 | 139,210 | 97,517 |
| General and administrative | 114,535 | 120,111 | 83,704 |
| Total operating expenses | 510,014 | 479,695 | 349,073 |
| Operating loss | (107,973) | (145,010) | (83,907) |
| Other non-operating expense | |||
| Other (income) expense, net | (17,603) | 3,545 | 3,584 |
| Interest expense | 17,862 | 1,673 | 372 |
| Total other non-operating expense | 259 | 5,218 | 3,956 |
| Loss before income taxes | (108,232) | (150,228) | (87,863) |
| Income tax expense | 3,209 | 692 | 778 |
| Net loss | $(111,441) | $(150,920) | $(88,641) |
| Net loss per share: | |||
| Basic and diluted | $(1.52) | $(2.08) | $(1.25) |
| Weighted average common shares outstanding: | |||
| Basic and diluted | 73,102 | 72,455 | 71,036 |
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