Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 116

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 116
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 forth our consolidated statements of operations (in thousands):

Three Months Ended March 31,20252024RevenueSubscriptions$134,352 $117,694 Professional services32,074 32,141 Total revenue166,426 149,835 Cost of revenueSubscriptions14,894 12,270 Professional services24,024 25,727 Total cost of revenue38,918 37,997 Gross profit127,508 111,838 Operating expensesSales and marketing54,553 58,156 Research and development39,517 39,771 General and administrative34,272 33,446 Total operating expenses128,342 131,373 Operating loss(834)(19,535)Other non-operating (income) expenseOther (income) expense, net(5,716)8,207 Interest expense5,318 5,646 Total other non-operating (income) expense(398)13,853 Loss before income taxes(436)(33,388)Income tax expense (benefit)741 (465)Net loss$(1,177)$(32,923)

31

The following table sets forth our consolidated statements of operations data expressed as a percentage of total revenue:

Three Months Ended March 31,20252024RevenueSubscriptions80.7 %78.5 %Professional services19.3 21.5 Total revenue100.0 100.0 Cost of revenueSubscriptions8.9 8.2 Professional services14.4 17.2 Total cost of revenue*23.4 25.4 Gross profit76.6 74.6 Operating expensesSales and marketing32.8 38.8 Research and development23.7 26.5 General and administrative20.6 22.3 Total operating expenses*77.1 87.7 Operating loss(0.5)(13.0)Other non-operating (income) expenseOther (income) expense, net(3.4)5.5 Interest expense3.2 3.8 Total other non-operating expense*(0.2)9.2 Loss before income taxes*(0.3)(22.3)Income tax expense (benefit)0.4 (0.3)Net loss*(0.7)%(22.0)%

* Totals may not foot due to rounding.

Comparison of the