Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 133

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 133
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 expense was comprised of the following (in thousands): Year Ended December 31,202420232022Current:Federal$(10)$34 $72 State149 223 119 Foreign1,864 4,523 1,409 Total current expense2,003 4,780 1,600 Deferred:Federal— — — State— — — Foreign(949)(1,571)(908)Total deferred benefit(949)(1,571)(908)Total income tax expense$1,054 $3,209 $692 

89

APPIAN CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the years ended December 31, 2024, 2023, and 2022, the provision for income taxes differs from the amount computed by applying the federal statutory income tax rates to our loss before the provision for income taxes as follows: Year Ended December 31,202420232022U.S. federal statutory tax rate21.0 %21.0 %21.0 %State tax expense4.3 3.8 4.1 Foreign rate differential(4.0)(3.1)(3.3)Nondeductible expenses(1.0)(0.7)(0.3)Foreign tax expense0.1 (0.4)0.3 Equity compensation3.7 (2.4)1.0 Tax credits7.3 9.5 4.7 Unrecognized tax benefits(1.5)(1.8)(0.9)Global intangible low-taxed income(3.0)— — Change in tax rate0.8 (0.9)0.3 Other(0.5)0.2 (0.5)Return to provision3.3 — — Deferred adjustments(1.4)(3.0)(0.8)Change in valuation allowance(30.3)(25.2)(26.1)Total(1.2)%(3.0)%(0.5)%The effective tax rate of (1.2)% in 2024 includes $27.6 million of tax expense attributable to the change in the valuation allowance in the United States and Switzerland, partially offset by $6.7 million of favorable tax benefits for research credits. In 2023, the effective tax rate of (3.0)%