Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 87

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 87
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 the then market rates.

24

InvestmentsOur investment portfolio consists largely of debt investments classified as available-for-sale. Changes in the fair value of available-for-sale securities, excluding other-than-temporary impairments, have been recorded in ‘Accumulated other comprehensive loss’ in our consolidated balance sheets. The components of our cash, cash equivalents, and investments as of June 30, 2025 are as follows (in thousands): As of June 30, 2025Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized Gains (Losses)Fair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1$108,020 $— $108,020 $108,020 $— Money market fundLevel 14,187 — 4,187 4,187 — U.S. Treasury bondsLevel 143,929 (1)43,928 — 43,928 Commercial paperLevel 27,994 (1)7,993 — 7,993 Corporate bondsLevel 220,623 2 20,625 — 20,625 Total investments$184,753 $— $184,753 $112,207 $72,546 At December 31, 2024, our investments consisted of the following (in thousands):As of December 31, 2024Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized Gains (Losses)Fair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1$106,338 $— $106,338 $106,338 $— Money market fundLevel 112,214 — 12,214 12,214 — U.S. Treasury bondsLevel 124,376 26 24,402 — 24,402 Commercial paperLevel 22,974 3 2,977 — 2,977 Corporate bondsLevel 213,900 29 13,929 — 13,929 Total investments$159,802 $58 $159,860 $118,552 $41,308 We did not hold any Level 3 assets at any point during the three and six months ended June 30, 2025. Additionally, there were no transfers between Levels 1 and 2 during the six months ended June 30,