Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 113

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 113
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44.0 million from November 2024 to October 2029. Spending under this agreement for the three and six months ended June 30, 2025 totaled $12.9 million and $23.3 million, respectively. Spending under this agreement for the three and six months ended June 30, 2024 totaled $10.7 million and $21.0 million, respectively. We expect to meet our minimum annual spending requirement during the term of the arrangement.

44

Historical Cash Flows

Six Months Ended June 30,20252024$ Change% Change(dollars in thousands)Beginning cash, cash equivalents, and restricted cash$118,552 $149,351 $(30,799)(20.6)%Operating activities:Net loss(1,489)(76,515)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