Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 60

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 60
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)75,026 (98.1)Stock-based compensation and other non-cash adjustments5,204 43,257 (38,053)(88.0)Changes in working capital39,311 34,509 4,802 13.9 Net cash provided by operating activities43,026 1,251 41,775 ***Investing activities:Net cash used by investing activities(33,093)(21,629)(11,464)53.0 Financing activities:Net cash used by financing activities(18,965)(6,695)(12,270)***Effect of exchange rates2,687 (1,491)4,178 ***Net change(6,345)(28,564)22,219 (77.8)Ending cash and cash equivalents$112,207 $120,787 $(8,580)(7.1)%

*** Indicates a percentage that is not meaningful.

Operating Activities

Net cash provided by operating activities was $43.0 million for the six months ended June 30, 2025 as compared to $1.3 million provided by operating activities for the six months ended June 30, 2024. The increase in net cash provided by operating activities was primarily driven by increased cash collections stemming from strong contract bookings in the fourth quarter of 2024 and first half of 2025 as well as our continuing cost management activities.

Investing Activities

Net cash used by investing activities was $33.1 million for the six months ended June 30, 2025 as compared to $21.6 million in net cash used by investing activities for the six months ended June 30, 2024. This change was primarily driven by a $30.9 million increase in purchases of short-term investments. This increase was partially offset by an $18.3 million increase in proceeds from the maturity of investments and a $1.1 million decrease in capital expenditure payments.

Financing Activities

Net cash used by financing activities was $19.0 million for the six months ended June 30, 2025 as compared to $6.7 million of net cash used by financing activities for the six months ended June 30, 2024. The increase in net cash used by financing activities was primarily due to a $50.0 million decrease in proceeds from borrowings, which was partially offset by a $40.0 million decrease in repurchases of common stock and a $2.5 million increase