APPIAN CORP

For the period ended Dec 31, 2025. Filed Feb 19, 2026.

About this filing

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.

FY2025 · Filed Feb 19, 2026

APPN$51.15-0.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(in thousands, except share and per share data)

	As of December 31,
	2025	2024
Assets
Current assets
Cash and cash equivalents	$135,810	$118,552
Short-term investments and marketable securities	51,415	41,308
Accounts receivable, net of allowance of $3,362 and $3,396, respectively	255,063	195,069
Deferred commissions, current	35,166	36,630
Prepaid expenses and other current assets	41,970	43,984
Total current assets	519,424	435,543
Property and equipment, net of accumulated depreciation of $40,747 and $32,142, respectively	32,087	37,109
Goodwill	28,811	25,555
Intangible assets, net of accumulated amortization of $7,301 and $5,341, respectively	1,246	2,240
Right-of-use assets for operating leases	28,075	31,081
Deferred commissions, net of current portion	65,199	60,540
Deferred tax assets	4,850	4,129
Other assets	11,703	24,842
Total assets	$691,395	$621,039
Liabilities and Stockholders’ Deficit
Current liabilities
Accounts payable	$6,655	$4,322
Accrued expenses	18,483	11,388
Accrued compensation and related benefits	61,781	34,223
Deferred revenue	341,281	281,760
Debt	9,598	9,598
Operating lease liabilities	13,181	12,378
Other current liabilities	1,128	1,087
Total current liabilities	452,107	354,756
Long-term debt	231,228	240,826
Non-current operating lease liabilities	45,693	52,189
Deferred revenue, non-current	8,962	5,477
Other non-current liabilities	398	431
Total liabilities	738,388	653,679
Commitments and contingent liabilities (see Note 13)
Stockholders’ deficit
Class A common stock—par value $0.0001; 500,000,000 shares authorized as of December 31, 2025 and 2024 and 43,408,828 and 42,938,701 shares issued as of December 31, 2025 and 2024, respectively	4	4
Class B common stock—par value $0.0001; 100,000,000 shares authorized as of December 31, 2025 and 2024 and 31,088,085 and 31,090,085 shares issued as of December 31, 2025 and 2024, respectively	3	3
Treasury stock at cost, 542,288 shares as of December 31, 2025	(16,935)	—
Additional paid-in capital	617,318	591,281
Accumulated other comprehensive loss	(36,462)	(11,774)
Accumulated deficit	(610,921)	(612,154)
Total stockholders’ deficit	(46,993)	(32,640)
Total liabilities and stockholders’ deficit	$691,395	$621,039

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.