Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 21

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 21
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2025 and 2024 is shown below (in thousands):Three Months Ended March 31,20252024Operating cash outflows for operating leases$3,193 $2,643 Amortization of operating lease right-of-use assets910 783 Interest expense on operating lease liabilities1,483 1,629 There were no TIA reimbursements for the three months ended March 31, 2025 or 2024.A summary of our future minimum lease commitments under non-cancellable leases as of March 31, 2025 is shown below (in thousands): Operating Leases2025 (excluding the three months ended March 31, 2025)$9,998 202613,704 202713,904 202812,831 202912,377 Thereafter22,905 Total lease payments85,719 Less: imputed interest(21,403)Total$64,316 

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5. Goodwill and Intangible AssetsThe following table details the changes in goodwill during the three months ended March 31, 2025 and fiscal year ended December 31, 2024 (in thousands):Carrying AmountBalance as of December 31, 2023$27,106 Foreign currency translation adjustments(1,551)Balance as of December 31, 202425,555 Foreign currency translation adjustments991 Balance as of March 31, 2025$26,546 Intangible assets, net consisted of the following as of March 31, 2025 and December 31, 2024 (in thousands):As ofMarch 31, 2025December 31, 2024Developed technology$6,944 $6,685 Customer relationships 930 896 Intangible assets, gross7,874 7,581 Less: accumulated amortization(5,842)(5,341)Intangible assets, net$2,032 $2,240 Intangible amortization expense was $0.3 million and $0.4 million for the three months ended March 31, 2025 and 2024, respectively. As of March 31, 2025, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 1.4 years and 6.1 years, respectively.The following table shows the projected annual amortization expense related to amortizable intangible assets as of March 31, 2025 (in thousands