Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 126

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 126
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 agreement may vary. We expect to meet our minimum annual spending requirement during the term of the arrangement.

39

Historical Cash Flows

Three Months Ended March 31,20252024$ Change% Change(dollars in thousands)Beginning cash, cash equivalents, and restricted cash$118,552 $149,351 $(30,799)(20.6)%Operating activities:Net loss(1,177)(32,923)31,746 (96.4)Stock-based compensation and other non-cash adjustments8,358 24,328 (15,970)(65.6)Changes in working capital37,785 27,461 10,324 37.6 Net cash provided by operating activities44,966 18,866 26,100 ***Investing activities:Net cash (used by) provided by investing activities(24,077)7,459 (31,536)***Financing activities:Net cash used by financing activities(5,509)(4,249)(1,260)29.7 Effect of exchange rates1,050 (1,319)2,369 ***Net change16,430 20,757 (4,327)(20.8)Ending cash and cash equivalents$134,982 $170,108 $(35,126)(20.6)%

*** Indicates a percentage that is not meaningful.

Operating Activities

Net cash provided by operating activities was $45.0 million for the three months ended March 31, 2025 as compared to $18.9 million provided by operating activities for the three months ended March 31, 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 other cost management activities during the three months ended March 31, 2025 as compared to the three months ended March 31, 2024.

Investing Activities

Net cash used by investing activities was $24.1 million for the three months ended March 31, 2025 as compared to $7.5 million in net cash provided by investing activities for the three months ended March 31, 2024. This change was primarily driven by a $37.0 million increase in purchases of short-term investments. This increase was partially offset by a $4.0 million increase in proceeds from the maturity of investments and a $1.5 million decrease in capital expenditure payments