APPIAN CORP
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
APPN$51.60-4.5%Stored close · as of Nov 6, 2026
Contents
Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
CONSOLIDATED BALANCE SHEETS
(in thousands, except par value and share data)
| As of | ||
|---|---|---|
| September 30, 2024 | December 31, 2023 | |
| (unaudited) | ||
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $99,193 | $149,351 |
| Short-term investments and marketable securities | 40,798 | 9,653 |
| Accounts receivable, net of allowances of $2,850 and $2,606, respectively | 140,213 | 171,561 |
| Deferred commissions, current | 34,785 | 34,261 |
| Prepaid expenses and other current assets | 45,483 | 49,529 |
| Total current assets | 360,472 | 414,355 |
| Property and equipment, net of accumulated depreciation of $30,329 and $25,141, respectively | 39,190 | 42,682 |
| Goodwill | 27,462 | 27,106 |
| Intangible assets, net of accumulated amortization of $5,356 and $4,152, respectively | 2,790 | 3,889 |
| Right-of-use assets for operating leases | 32,231 | 39,975 |
| Deferred commissions, net of current portion | 54,576 | 59,764 |
| Deferred tax assets | 4,827 | 3,453 |
| Other assets | 28,365 | 36,279 |
| Total assets | $549,913 | $627,503 |
| Liabilities and Stockholders’ (Deficit) Equity | ||
| Current liabilities | ||
| Accounts payable | $6,928 | $6,174 |
| Accrued expenses | 11,310 | 11,046 |
| Accrued compensation and related benefits | 31,171 | 38,003 |
| Deferred revenue | 224,199 | 235,992 |
| Debt | 9,598 | 66,368 |
| Operating lease liabilities | 12,470 | 11,698 |
| Other current liabilities | 2,798 | 1,891 |
| Total current liabilities | 298,474 | 371,172 |
| Long-term debt | 243,225 | 140,221 |
| Non-current operating lease liabilities | 54,270 | 59,067 |
| Deferred revenue, non-current | 3,370 | 4,700 |
| Deferred tax liabilities | — | 2 |
| Other non-current liabilities | 375 | — |
| Total liabilities | 599,714 | 575,162 |
| Stockholders’ (deficit) equity | ||
| Class A common stock—par value $0.0001; 500,000,000 shares authorized as of September 30, 2024 and December 31, 2023 and 42,361,024 and 42,169,970 shares issued as of September 30, 2024 and December 31, 2023, respectively | 4 | 4 |
| Class B common stock—par value $0.0001; 100,000,000 shares authorized as of September 30, 2024 and December 31, 2023 and 31,195,739 and 31,196,796 shares issued as of September 30, 2024 and December 31, 2023, respectively | 3 | 3 |
| Additional paid-in capital | 614,204 | 595,781 |
| Accumulated other comprehensive loss | (22,809) | (23,555) |
| Accumulated deficit | (598,507) | (519,892) |
| Treasury stock at cost, 1,127,138 shares as of September 30, 2024 | (42,696) | — |
| Total stockholders’ (deficit) equity | (49,801) | 52,341 |
| Total liabilities and stockholders’ (deficit) equity | $549,913 | $627,503 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.