Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 27

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 27
---
619 Property and equipment, gross71,957 69,251 Less: accumulated depreciation(38,789)(32,142)Property and equipment, net$33,168 $37,109 

Depreciation expense totaled $2.1 million and $6.5 million for the three and nine months ended September 30, 2025, respectively. Depreciation expense totaled $2.2 million and $6.4 million for the three and nine months ended September 30, 2024, respectively. We had no disposals or retirements during the three and nine months ended September 30, 2025. We disposed of $1.0 million and $1.3 million worth of fully depreciated equipment during the three and nine months ended September 30, 2024, respectively. 

18

7. Accrued ExpensesAccrued expenses consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):As ofSeptember 30, 2025December 31, 2024Interest$5,058 $— Hosting costs and license fees5,847 3,715 Contract labor costs2,685 1,043 Audit and tax expenses1,506 1,029 Reimbursable employee expenses1,477 1,569 Marketing and tradeshow expenses1,017 1,728 Legal costs627 289 Taxes payable523 1,285 Capital expenditures— 66 Other accrued expenses1,342 664 Total$20,082 $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