Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 142

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 142
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 convert automatically into Class A common stock.

12. Basic and Diluted Loss per Common ShareThe following table sets forth the computation of basic and diluted net loss per share for the years ended December 31, 2024, 2023, and 2022 (in thousands, except share and per share data):Year Ended December 31,202420232022Numerator:Net loss$(92,262)$(111,441)$(150,920)Denominator:Weighted average common shares outstanding, basic and diluted72,988,064 73,102,470 72,455,175 Net loss per share, basic and diluted$(1.26)$(1.52)$(2.08)Due to net losses for the years ended December 31, 2024, 2023, and 2022, basic and diluted net loss per share were equal as the effect of potentially dilutive securities would have been antidilutive.The following outstanding securities, prior to the use of the treasury stock method, have been excluded from the computation of diluted weighted-average shares outstanding for the respective periods below because they would have been antidilutive to earnings per share:Year Ended December 31,202420232022Stock options1,055,529 2,599,349 2,697,959 Non-vested restricted stock units1,146,160 1,078,064 1,190,720 

13. Commitments, Contingencies, and Other MattersMinimum Purchase CommitmentsWe have a non-cancellable cloud hosting arrangement with Amazon Web Services (“AWS”) that contains provisions for minimum purchase commitments. Specifically, purchase commitments under the agreement total $220.0 million over five years. The agreement, which was originated in July 2021 and amended in October 2024, currently contains minimum annual spending requirements of $44.0 million from November 2024 to October 2029. Spending under this agreement for the years ended December 31, 2024, 2023, and 2022 totaled $41.2 million, $36.6 million, and $33.1 million, respectively. The timing of payments under the agreement may vary. We expect to meet our minimum annual spending requirement during the term of the arrangement. 

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APPIAN CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Exclusive of the AWS contract, we have other non-cancellable agreements for subscription software products that contain