10-K · February 19, 2026
Appian emphasizes a unified AI + process automation platform anchored by a patented data fabric and partner-led go-to-market. The company increased high-value customers (140 customers paying >$1M ARR at end of 2025),…
Earnings analysis · 10-Q
APPN earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Appian Corporation reported Q1 2026 revenue of $202.18 million, a 21.5% increase compared to $166.43 million in Q1 2025, with EPS decreasing to $(0.02) from $(0.02) in the prior year. Management focuses on expanding…
Read full summary
Appian Corporation reported Q1 2026 revenue of $202.18 million, a 21.5% increase compared to $166.43 million in Q1 2025, with EPS decreasing to $(0.02) from $(0.02) in the prior year. Management focuses on expanding cloud subscriptions, which grew 24.7% year-over-year, and anticipates continued growth though the year.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.02
- Segment
- Subscriptions
- Segment
- Professional Services
What stood out
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Revenue Surged 21.5% YoY
Total revenue reached $202.18 million compared to $166.43 million in the prior year.
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Cloud Subscriptions Driving Growth
Cloud subscriptions revenue grew 24.7% to $124.51 million from $99.83 million year-over-year.
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Professional Services Revenue Increased
Professional services revenue rose by 30.5%, from $32.07 million to $41.87 million.
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Operating Income Turnaround
Operating income improved to $3.16 million versus a loss of $0.83 million in the prior year.
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Strong Operating Cash Flow
Operating cash flow was $48.83 million for Q1 2026, up from $44.97 million in Q1 2025.
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Cash Position Strengthened
Cash and cash equivalents increased to $150.03 million from $135.81 million at year-end.
What to watch
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Continued Net Losses
Appian posted a net loss of $1.53 million for Q1 2026, worsening from a $1.18 million loss in Q1 2025.
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Increased General and Administrative Costs
General and administrative expenses surged 34.3% to $33.67 million from $25.08 million year-over-year.
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Litigation Costs Impacting Profitability
Legal fees associated with litigation against Pegasystems contributed to increased costs.
Management's outlook
Management expects Q2 revenue between $191 million and $195 million with full-year 2026 revenue expected to grow 13% to 14%.
Earlier filings 4
10-Q · May 8, 2025
Appian reported quarterly revenue of $166.426M (up $16.591M or 11.1% YoY) with subscriptions driving growth to $134.352M. Gross margin expanded to 76.6% and operating loss narrowed to $0.834M (operating margin -0.5%),…
10-K · February 19, 2025
Appian positions itself as a unified "AI in process" platform for process orchestration, automation, and intelligence, emphasizing embedded AI, a patented data fabric, and partner-led go-to-market. The company…
10-Q · May 2, 2024
Appian reported Q1 revenue of $149,835,000, up 10.8% YoY from $135,235,000, with gross profit of $111,838,000 (≈74.6% margin). Operating loss narrowed to $19,535,000 (‑13.0% operating margin) from $35,266,000 a year…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.