Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 49

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 49
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 March 31, 2024Subscriptions cost of revenue$12,270 $(213)$— $— $— $— $12,057 Professional services cost of revenue25,727 (1,578)— — — — 24,149 Total cost of revenue37,997 (1,791)— — — — 36,206 Total operating expense131,373 (8,815)(742)(4,504)— — 117,312 Operating (loss) income(19,535)10,606 742 4,504 — — (3,683)Non-operating expense (income)8,207 — — — — (11,848)(3,641)Income tax impact of above items(465)604 — — — 935 1,074 Net (loss) income(32,923)10,002 742 4,504 — 10,913 (6,762)Net (loss) income per share, basic and diluted$(0.45)$0.14 $0.01 $0.06 $— $0.15 $(0.09)

(a) Accounts for the impact of 0.4 million shares of dilutive securities.

(b) Per share amounts do not foot due to rounding.

37

The following table reconciles GAAP net loss to adjusted EBITDA for the three months ended March 31, 2025 and 2024 (in thousands):

Three Months Ended March 31,20252024GAAP net loss$(1,177)$(32,923)Other (income) expense, net(5,716)8,207 Interest expense5,318 5,646 Income tax expense741 (465)Depreciation expense and amortization of intangible assets2,446 2,361 Stock-based compensation expense10,039 10,606 Litigation Expense1,712 742 JPI Amortization3,084 4,504 Lease Impairment and Lease-Related Charges312 — Adjusted EBITDA$16,759 $(1,322)

Liquidity and Capital Resources

The following table presents selected financial information and statistics pertaining to liquidity and capital resources as of March 31, 2025 and December 31, 2024:

As of