Appian Corporation Q2 2025 Financial Results

Appian Corporation has released its financial results for the second quarter of 2025, showcasing significant growth in cloud subscriptions and overall revenue. The company attributes its robust performance to the successful implementation of Appian AI, which has driven higher prices and expanded the sales pipeline.

Financial Highlights

For the second quarter ended June 30, 2025, Appian reported:

• Cloud subscriptions revenue: $106.9 million, a 21% increase year-over-year.
• Total revenue: $170.6 million, up 17% from the same period last year.
• GAAP operating loss: $(11.0) million, a significant improvement from $(39.2) million in Q2 2024.
• Non-GAAP operating income: $5.6 million, compared to a non-GAAP operating loss of $(13.1) million in Q2 2024.
• GAAP net loss: $(0.3) million, compared to $(43.6) million in Q2 2024.
• Non-GAAP net income: $0.3 million, a turnaround from a non-GAAP net loss of $(18.2) million in Q2 2024.
• Adjusted EBITDA: $8.1 million, compared to an adjusted EBITDA loss of $(10.5) million in Q2 2024.
• Net cash used by operating activities: $(1.9) million, a significant improvement from $(17.6) million in Q2 2024.

Business and Operational Highlights

Appian has been recognized as a leader in the 2025 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms. Additionally, the company has been acknowledged by Chartis for AI-Powered Process Orchestration and included in the 2025 AIFinTech100 List for transforming financial services with AI. The launch of Appian Connected Claims 2.0 aims to revolutionize insurance claims management with AI.

Strategic Initiatives and Corporate Developments

Appian has appointed David Crozier as Chief Marketing Officer, a strategic move to bolster its marketing efforts. The company continues to focus on expanding its AI capabilities and enhancing its product offerings to drive future growth.

Management's Perspective

Matt Calkins, CEO & Founder of Appian, commented, "Appian AI drove strong financial results in the second quarter of 2025, with higher prices and a larger pipeline." This statement underscores the company's commitment to leveraging AI to enhance its financial performance and market position.

Future Outlook

Appian has provided guidance for the third quarter and full year of 2025:

• Q3 2025 Guidance:
  • Cloud subscriptions revenue: $109.0 million to $111.0 million (16% to 18% growth year-over-year).
  • Total revenue: $172.0 million to $176.0 million (12% to 14% growth year-over-year).
  • Adjusted EBITDA: $9.0 million to $12.0 million.
  • Non-GAAP net income per share: $0.03 to $0.07, assuming 74.7 million weighted average common shares outstanding.
• Full Year 2025 Guidance:
  • Cloud subscriptions revenue: $429.0 million to $433.0 million (17% to 18% growth year-over-year).
  • Total revenue: $695.0 million to $703.0 million (13% to 14% growth year-over-year).
  • Adjusted EBITDA: $49.0 million to $55.0 million.
  • Non-GAAP net income per share: $0.28 to $0.36, assuming 74.7 million weighted average common shares outstanding.

SEC Filing: APPIAN CORP [ APPN ] - 8-K - Aug. 07, 2025