Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 102

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 102
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5 compared to other income, net of $1.5 million in the three months ended June 30, 2024. This change was primarily due to $15.6 million in foreign exchange gains in the three months ended June 30, 2025 as compared to $0.2 million in foreign exchange losses in the three months ended June 30, 2024. 

Interest Expense

Three Months Ended June 30,20252024$ Change% Change(dollars in thousands)Interest expense$5,319$6,107$(788)(12.9)%% of revenue3.1 %4.2 %

Interest expense decreased by $0.8 million in the three months ended June 30, 2025 as compared to the corresponding period in 2024 primarily due to a lower effective interest rate and lower outstanding principal compared to the prior year period.

Income Tax Expense (Benefit)

36

Three Months Ended June 30,20252024$ Change% Change(dollars in thousands)Income tax expense (benefit)$1,573$(164)$1,737 ***% of revenue0.9 %(0.1)%

*** Indicates a percentage that is not meaningful.

Income tax expense increased by $1.7 million in the three months ended June 30, 2025 as compared to the corresponding period in 2024. This change was primarily driven by increased pre-tax book income in certain international subsidiaries for the three months ended June 30, 2025. The change in pre-tax book income was primarily attributable to increases in unrealized foreign exchange gains.

Comparison of the Six Months Ended June 30, 2025 and 2024

Revenue

Six Months Ended June 30,20252024$ Change% Change(dollars in thousands)RevenueSubscriptions$267,009 $230,668 $36,341 15.8 %Professional services70,057 65,617 4,440 6.8 Total revenue$337,066 $296,285 $40,781 13.8 %

Total revenue increased $40.8 million, or 14%, in the six months ended June 30, 2025 compared to the same period in 2024 due to an increase in our subscriptions revenue of $36.3 million as well as an increase in our professional services revenue of $4.4 million. The increase in subscriptions revenue was driven