Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 57

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 57
---
 $0.12 $0.06 $0.08 $0.16 $(0.34)

42

The following table reconciles GAAP net loss to adjusted EBITDA for the three and six months ended June 30, 2025 and 2024 (in thousands):

Three Months Ended June 30,Six Months Ended June 30,2025202420252024GAAP net loss$(312)$(43,592)$(1,489)$(76,515)Other (income) expense, net(17,564)(1,545)(23,280)6,662 Interest expense5,319 6,107 10,637 11,753 Income tax expense (benefit)1,573 (164)2,314 (629)Depreciation expense and amortization of intangible assets2,524 2,580 4,970 4,941 Stock-based compensation expense10,693 9,900 20,732 20,506 Litigation Expense2,482 721 4,194 1,463 JPI Amortization3,118 4,504 6,202 9,008 Severance Costs— 5,534 — 5,534 Lease Impairment and Lease-Related Charges297 5,462 609 5,462 Adjusted EBITDA$8,130 $(10,493)$24,889 $(11,815)

Liquidity and Capital Resources

The following table presents selected financial information and statistics pertaining to liquidity and capital resources as of June 30, 2025 and December 31, 2024:

As of June 30, 2025December 31, 2024Cash and cash equivalents$112,207 $118,552 Short-term investments and marketable securities72,546 41,308 Property and equipment, net34,799 37,109 Working capital*64,320 80,787 

* Defined as current assets net of current liabilities.

We believe our existing cash and cash equivalents and short-term investments and marketable securities, together with any positive cash flows from operations and available borrowings under our line of credit, will be sufficient to support working capital and capital expenditure requirements for at least the next twelve months.

We have in the past entered into, and may in the future enter into, investments in or acquisitions of complementary businesses