Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 92

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 92
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(dollars in thousands)General and administrative$34,272$33,446$826 2.5 %% of revenue20.6 %22.3 %

General and administrative expense increased $0.8 million, or 2.5%, in the three months ended March 31, 2025 compared to the same period in 2024 primarily due to increases of $0.8 million in information technology spending and $0.7 million in professional fees. These increases were partially offset by decreases of $1.4 million in insurance expense and $0.3 million in personnel costs. Information technology costs were higher due to continued investments in computer software while professional fees were higher due to a $1.1 million increase in litigation-related expenses attributable to the Pegasystems cases and a $0.4 million increase in contract labor spending. The decrease in insurance expense was driven by the lower amortization expense of our judgment preservation insurance policy, and personnel costs were lower due to headcount decreasing by 3% from March 31, 2024 to March 31, 2025.

Other Non-Operating (Income) Expense, Net

Three Months Ended March 31,20252024$ Change% Change(dollars in thousands)Other (income) expense, net$(5,716)$8,207$(13,923)***% of revenue(3.4)%5.5 %

*** Indicates a percentage that is not meaningful.

Other income, net was $5.7 million in the three months ended March 31, 2025 compared to other expense, net of $8.2 million in the three months ended March 31, 2024. This change was primarily due to $4.1 million in foreign exchange gains in the three months ended March 31, 2025 as compared to $11.5 million in foreign exchange losses in the three months ended March 31, 2024. In addition, there was a $1.4 million decrease in other income related to a non-recurring local government incentive payment that was received in the prior year.

34

Interest Expense

Three Months Ended March 31,20252024$ Change% Change(dollars in thousands)Interest expense$5,318$5,646$(328)(5.8)%% of revenue3.2 %3.8 %

Interest expense decreased by $0.3 million in the three