APPIAN CORP
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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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.
FY2025 · Filed Feb 19, 2026
APPN$52.35+2.3%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $1,233 | $(92,262) | $(111,441) |
| Adjustments to reconcile net income (loss) to net cash provided by (used by) operating activities: | |||
| Stock-based compensation | 41,540 | 39,045 | 43,387 |
| Depreciation expense and amortization of intangible assets | 9,706 | 10,030 | 9,473 |
| Lease impairment charges | 779 | 5,462 | — |
| Bad debt expense | 1,232 | 1,760 | 1,091 |
| Amortization of debt issuance costs | 600 | 589 | 444 |
| Benefit for deferred income taxes | (349) | (899) | (1,541) |
| Foreign currency transaction losses (gains), net | (21,732) | 16,745 | (12,263) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (51,673) | (28,353) | (1,868) |
| Prepaid expenses and other assets | 15,316 | 16,551 | (54,753) |
| Deferred commissions | (3,195) | (3,144) | (8,043) |
| Accounts payable and accrued expenses | 9,269 | (871) | (1,394) |
| Accrued compensation and related benefits | 19,993 | (2,947) | (3,157) |
| Other current and non-current liabilities | (3,489) | (1,478) | (1,134) |
| Deferred revenue | 47,200 | 49,309 | 28,668 |
| Operating lease assets and liabilities | (3,556) | (2,659) | 2,089 |
| Net cash provided by (used by) operating activities | 62,874 | 6,878 | (110,442) |
| Cash flows from investing activities: | |||
| Proceeds from maturities of investments | 52,540 | 20,038 | 91,670 |
| Purchases of investments | (62,048) | (51,630) | (53,443) |
| Purchases of property and equipment | (3,318) | (3,798) | (9,637) |
| Net cash (used by) provided by investing activities | (12,826) | (35,390) | 28,590 |
| Cash flows from financing activities: | |||
| Proceeds from borrowings | — | 50,000 | 92,000 |
| Payments for debt issuance costs | — | (463) | (276) |
| Debt repayments | (10,000) | (6,250) | (3,563) |
| Repurchase of common stock | (20,000) | (50,019) | — |
| Payments for employee taxes related to the net share settlement of equity awards | (7,396) | (7,987) | (9,748) |
| Proceeds from exercise of common stock options | 1,118 | 14,461 | 752 |
| Net cash (used by) provided by financing activities | (36,278) | (258) | 79,165 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 3,488 | (2,029) | 1,657 |
| Net increase (decrease) in cash and cash equivalents | 17,258 | (30,799) | (1,030) |
| Cash and cash equivalents at beginning of period | 118,552 | 149,351 | 150,381 |
| Cash and cash equivalents at end of period | $135,810 | $118,552 | $149,351 |
| Supplemental cash flow information: | |||
| Cash paid for interest | $19,644 | $22,574 | $16,906 |
| Cash paid for income taxes | $5,120 | $3,334 | $3,999 |
| Supplemental non-cash investing and financing information: | |||
| Accrued capital expenditures | $87 | $155 | $654 |
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