Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 78

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 78
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 the three and six months ended June 30, 2025, respectively. Depreciation expense totaled $2.2 million and $4.2 million for the three and six months ended June 30, 2024, respectively. We had no disposals or retirements during the three and six months ended June 30, 2025. We disposed of $0.3 million worth of fully depreciated equipment during the three and six months ended June 30, 2024.

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7. Accrued ExpensesAccrued expenses consisted of the following as of June 30, 2025 and December 31, 2024 (in thousands):As ofJune 30, 2025December 31, 2024Hosting costs$4,460 $3,047 Marketing and tradeshow expenses1,830 1,728 Contract labor costs1,717 1,043 Reimbursable employee expenses1,297 1,569 Audit and tax expenses1,071 1,029 Legal costs994 289 Third party license fees961 668 Taxes payable655 1,285 Capital expenditures16 66 Other accrued expenses1,546 664 Total$14,547 $11,388 

8. DebtSenior Secured Credit Facilities Credit AgreementWe have a Senior Secured Credit Facilities Credit Agreement (the “Credit Agreement”) which provides for a five-year term loan facility in an aggregate principal amount of $200.0 million and, in addition, up to $100.0 million for a revolving credit facility, including a letter of credit sub-facility in the aggregate availability amount of $20.0 million and a swingline sub-facility in the aggregate availability amount of $10.0 million (as a sublimit of the revolving loan facility). The Credit Agreement matures on November 3, 2027. We have been using the proceeds to fund the growth of our business and support our working capital requirements.Under the agreement, we may elect whether amounts drawn bear interest on the outstanding principal amount at a rate per annum equal to either (a) the higher of the Prime rate or the Federal Funds Effective rate (“Base Rate”) plus 0.5% or (b) the forward-looking term rate based on the secured overnight financing rate (“Term SOFR”). An additional interest rate margin is added to the elected interest rates. During the first three years of the Credit Agreement, the additional interest rate margin