Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 119

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 119
---
 ended September 30, 2024 totaled $10.8 million and $31.8 million, respectively. We expect to meet our minimum annual spending requirement during the term of the arrangement.

Historical Cash Flows

Nine Months Ended September 30,20252024$ Change% Change(dollars in thousands)Beginning cash, cash equivalents, and restricted cash$118,552 $149,351 $(30,799)(20.6)%Operating activities:Net income (loss)6,336 (78,615)84,951 ***Stock-based compensation and other non-cash adjustments18,830 45,648 (26,818)(58.7)Changes in working capital36,571 25,974 10,597 40.8 Net cash provided by (used by) operating activities61,737 (6,993)68,730 ***Investing activities:Net cash used by investing activities(27,454)(34,294)6,840 (19.9)Financing activities:Net cash used by financing activities(30,138)(8,496)(21,642)***Effect of exchange rates2,552 (375)2,927 ***Net change6,697 (50,158)56,855 ***Ending cash and cash equivalents$125,249 $99,193 $26,056 26.3 %

*** Indicates a percentage that is not meaningful.

Operating Activities

Net cash provided by operating activities was $61.7 million for the nine months ended September 30, 2025 as compared to $7.0 million of net cash used by operating activities for the nine months ended September 30, 2024. The increase in net cash provided by operating activities was primarily driven by increased cash collections stemming from strong contract bookings in the fourth quarter of 2024 and the first nine months of 2025, as well as our continuing cost management activities.

Investing Activities

Net cash used by investing activities was $27.5 million for the nine months ended September 30, 2025 as compared to $34.3 million in net cash used by investing activities for the nine months ended September 30, 2024. This change was primarily driven by a $22.6 million increase in proceeds from the maturity of investments. This increase was partially offset by a $16.6 million increase in purchases of short-term investments.

Financing Activities

Net cash used