Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 77

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 77
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 2025 and December 31, 2024.The valuation techniques that may be used to measure fair value are as follows: •Market approach - Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities; •Income approach - Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts; and•Cost approach - Based on the amount that currently would be required to replace the service capacity of an asset (i.e., replacement cost).The carrying amounts of our accounts receivable, accounts payable, and accrued expenses approximate fair value as of March 31, 2025 and December 31, 2024 because of the relatively short duration of these instruments. Additionally, the carrying value of our debt associated with the term loan facility approximates fair value because the interest rates are variable and reset on relatively short durations to the then market rates.

22

InvestmentsOur investment portfolio consists largely of debt investments classified as available-for-sale. Changes in the fair value of available-for-sale securities, excluding other-than-temporary impairments, have been recorded in ‘Accumulated other comprehensive income (loss)’ in our consolidated balance sheets. The components of our cash, cash equivalents, and investments as of March 31, 2025 are as follows (in thousands): As of March 31, 2025Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized Gains (Losses)Fair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1$115,698 $— $115,698 $115,698 $— Money market fundLevel 119,284 — 19,284 19,284 — U.S. Treasury bondsLevel 143,678 28 43,706 — 43,706 Commercial paperLevel 23,919 3 3,922 — 3,922 Corporate bondsLevel 217,078 10 17,088 — 17,088 Total investments$199,657 $41 $199,698 $134,982 $64,716 At December 31, 2024, our investments consisted of the following (in thousands):As of December 31, 2024Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized Gains (Losses)Fair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1