Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 77

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 77
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,551)Balance as of December 31, 202425,555 Foreign currency translation adjustments3,208 Balance as of June 30, 2025$28,763 Intangible assets, net consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):As ofJune 30, 2025December 31, 2024Developed technology$7,524 $6,685 Customer relationships 1,008 896 Intangible assets, gross8,532 7,581 Less: accumulated amortization(6,650)(5,341)Intangible assets, net$1,882 $2,240 Intangible amortization expense was $0.3 million and $0.6 million for the three and six months ended June 30, 2025, respectively. Intangible amortization expense was $0.4 million and $0.7 million for the three and six months ended June 30, 2024, respectively. As of June 30, 2025, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 1.2 years and 5.8 years, respectively.

17

The following table shows the projected annual amortization expense related to amortizable intangible assets as of June 30, 2025 (in thousands):Projected Amortization2025 (excluding the six months ended June 30, 2025)$639 2026822 2027101 2028101 2029101 Thereafter118 Total projected amortization expense$1,882 

6. Property and Equipment, netProperty and equipment, net consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):As ofJune 30, 2025December 31, 2024Leasehold improvements$55,523 $54,088 Office furniture and fixtures4,649 4,445 Computer software and hardware9,536 9,363 Internally developed software1,154 545 Equipment201 191 Work in process455 619 Property and equipment, gross71,518 69,251 Less: accumulated depreciation(36,719)(32,142)Property and equipment, net$34,799 $37,109 Depreciation expense totaled $2.2 million and $4.4 million for