Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 105

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 105
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 to $5.5 million of lease impairment charges recorded in the prior year period, with no 

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such charges occurring in the current year. Professional fees increased primarily due to a $2.7 million increase in litigation-related expenses attributable to the Pegasystems legal case. Although general and administrative headcount was down 5% from June 30, 2024 to June 30, 2025, personnel costs increased due to higher bonus expense and a $0.5 million increase in stock compensation expense.

Other (Income) Expense, Net

Six Months Ended June 30,20252024$ Change% Change(dollars in thousands)Other (income) expense, net$(23,280)$6,662$(29,942)***% of revenue(6.9)%2.2 %

*** Indicates a percentage that is not meaningful.

Other income, net was $23.3 million in the six months ended June 30, 2025 compared to other expense, net of $6.7 million in the six months ended June 30, 2024. This change was primarily due to $19.7 million in foreign exchange gains in the six months ended June 30, 2025 as compared to $11.7 million in foreign exchange losses in the six months ended June 30, 2024. In addition, there was a $1.4 million decrease in other income related to a non-recurring local government incentive payment that was received in the prior year.

Interest Expense

Six Months Ended June 30,20252024$ Change% Change(dollars in thousands)Interest expense$10,637$11,753$(1,116)(9.5)%% of revenue3.2 %4.0 %

Interest expense decreased by $1.1 million in the six 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 across the comparable periods.

Income Tax Expense (Benefit)

Six Months Ended June 30,20252024$ Change% Change(dollars in thousands)Income tax expense (benefit)$2,314$(629)$2,943 ***% of revenue0.7 %(0.2)%

*** Indicates a percentage that is not meaningful.

Income tax expense increased by $2.9 million in the six months ended June 30, 2025 as compared to the corresponding period in 2024