Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 130

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 130
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 assets, net$2,240 $3,889 Intangible amortization expense was $1.5 million for each of the years ended December 31, 2024, 2023, and 2022. As of December 31, 2024, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 1.7 years and 6.3 years, respectively.The following table shows the projected annual amortization expense related to amortizable intangible assets as of December 31, 2024 (in thousands):Year Ended December 31,2025$1,135 2026730 202790 202890 202990 Thereafter105 Total projected amortization expense$2,240 

86

APPIAN CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

6. Property and Equipment, netProperty and equipment, net consisted of the following as of December 31, 2024 and 2023 (in thousands):As of December 31,20242023Leasehold improvements$54,088 $53,313 Office furniture and fixtures4,445 3,825 Computer software and hardware9,363 10,491 Internally developed software545 — Equipment191 194 Work in process619 — Property and equipment, gross69,251 67,823 Less: Accumulated depreciation(32,142)(25,141)Property and equipment, net$37,109 $42,682 Depreciation expense totaled $8.5 million, $8.0 million, and $5.8 million for the years ended December 31, 2024, 2023, and 2022, respectively. During the years ended December 31, 2024, 2023, and 2022, we disposed of or retired $1.3 million, $1.4 million, and $1.0 million worth of fully depreciated property and equipment, respectively.

7. Accrued ExpensesAccrued expenses consisted of the following as of December 31, 2024 and 2023 (in thousands):As of December 31,20242023Hosting costs$3,047 $2,973 Contract labor costs1,043 600 Marketing and tradeshow expenses1,728 685 Audit and tax fees1,029 1,499 Taxes payable1,285 1,