Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 8

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 8
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Item 1. FINANCIAL STATEMENTS

APPIAN CORPORATION

CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)

As ofMarch 31, 2025December 31, 2024(unaudited)AssetsCurrent assetsCash and cash equivalents$134,982 $118,552 Short-term investments and marketable securities64,716 41,308 Accounts receivable, net of allowance of $2,323 and $3,396, respectively136,037 195,069 Deferred commissions, current34,858 36,630 Prepaid expenses and other current assets41,309 43,984 Total current assets411,902 435,543 Property and equipment, net of accumulated depreciation of $34,326 and $32,142, respectively36,330 37,109 Goodwill26,546 25,555 Intangible assets, net of accumulated amortization of $5,842 and $5,341, respectively2,032 2,240 Right-of-use assets for operating leases31,645 31,081 Deferred commissions, net of current portion58,457 60,540 Deferred tax assets4,388 4,129 Other assets21,599 24,842 Total assets$592,899 $621,039 Liabilities and Stockholders’ DeficitCurrent liabilitiesAccounts payable$6,574 $4,322 Accrued expenses13,825 11,388 Accrued compensation and related benefits26,487 34,223 Deferred revenue258,582 281,760 Debt9,598 9,598 Operating lease liabilities12,798 12,378 Other current liabilities2,518 1,087 Total current liabilities330,382 354,756 Long-term debt238,426 240,826 Non-current operating lease liabilities51,518 52,189 Deferred revenue, non-current3,944 5,477 Other non-current liabilities374 431 Total liabilities624,644 653,679 Stockholders’ deficitClass A common stock—par value 0.0001; 500,000,000 shares authorized as of March 31, 2025 and December 31, 2024 and 43,132,115 and 42,938,701 shares issued as of March 31, 2025 and December 31, 2024