Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 89

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 89
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)Income tax expense (benefit)741 (465)Net loss$(1,177)$(32,923)

31

The following table sets forth our consolidated statements of operations data expressed as a percentage of total revenue:

Three Months Ended March 31,20252024RevenueSubscriptions80.7 %78.5 %Professional services19.3 21.5 Total revenue100.0 100.0 Cost of revenueSubscriptions8.9 8.2 Professional services14.4 17.2 Total cost of revenue*23.4 25.4 Gross profit76.6 74.6 Operating expensesSales and marketing32.8 38.8 Research and development23.7 26.5 General and administrative20.6 22.3 Total operating expenses*77.1 87.7 Operating loss(0.5)(13.0)Other non-operating (income) expenseOther (income) expense, net(3.4)5.5 Interest expense3.2 3.8 Total other non-operating expense*(0.2)9.2 Loss before income taxes*(0.3)(22.3)Income tax expense (benefit)0.4 (0.3)Net loss*(0.7)%(22.0)%

* Totals may not foot due to rounding.

Comparison of the Three Months Ended March 31, 2025 and 2024

Revenue

Three Months Ended March 31,20252024$ Change% Change(dollars in thousands)RevenueSubscriptions$134,352 $117,694 $16,658 14.2 %Professional services32,074 32,141 (67)(0.2)Total revenue$166,426 $149,835 $16,591 11.1 %

Total revenue increased $16.6 million, or 11.1%, in the three months ended March 31, 2025 compared to the same period in 2024 due to an increase in our subscriptions revenue of $16.7 million. This increase was partially offset by a decrease in our professional services revenue of $0.1 million. The increase in subscriptions revenue was driven by a $13.2 million increase in cloud subscriptions revenue, a $3.1 million increase in term license subscriptions revenue, and a $0.3 million increase in maintenance and