Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 8

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 8
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Item 1. FINANCIAL STATEMENTS

APPIAN CORPORATION

CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)

As ofJune 30, 2025December 31, 2024(unaudited)AssetsCurrent assetsCash and cash equivalents$112,207 $118,552 Short-term investments and marketable securities72,546 41,308 Accounts receivable, net of allowance of $2,705 and $3,396, respectively151,202 195,069 Deferred commissions, current34,577 36,630 Prepaid expenses and other current assets41,149 43,984 Total current assets411,681 435,543 Property and equipment, net of accumulated depreciation of $36,719 and $32,142, respectively34,799 37,109 Goodwill28,763 25,555 Intangible assets, net of accumulated amortization of $6,650 and $5,341, respectively1,882 2,240 Right-of-use assets for operating leases30,951 31,081 Deferred commissions, net of current portion59,366 60,540 Deferred tax assets5,176 4,129 Other assets18,130 24,842 Total assets$590,748 $621,039 Liabilities and Stockholders’ DeficitCurrent liabilitiesAccounts payable$8,881 $4,322 Accrued expenses14,547 11,388 Accrued compensation and related benefits34,414 34,223 Deferred revenue264,917 281,760 Debt9,598 9,598 Operating lease liabilities13,052 12,378 Other current liabilities1,952 1,087 Total current liabilities347,361 354,756 Long-term debt236,027 240,826 Non-current operating lease liabilities49,810 52,189 Deferred revenue, non-current10,798 5,477 Other non-current liabilities493 431 Total liabilities644,489 653,679 Stockholders’ deficitClass A common stock—par value 0.0001; 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024 and 43,245,763 and 42,938,701 shares issued as of June 30, 2025 and December 31, 2024