Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 34

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 34
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,187 — U.S. Treasury bondsLevel 143,929 (1)43,928 — 43,928 Commercial paperLevel 27,994 (1)7,993 — 7,993 Corporate bondsLevel 220,623 2 20,625 — 20,625 Total investments$184,753 $— $184,753 $112,207 $72,546 At December 31, 2024, our investments consisted of the following (in thousands):As of December 31, 2024Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized Gains (Losses)Fair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1$106,338 $— $106,338 $106,338 $— Money market fundLevel 112,214 — 12,214 12,214 — U.S. Treasury bondsLevel 124,376 26 24,402 — 24,402 Commercial paperLevel 22,974 3 2,977 — 2,977 Corporate bondsLevel 213,900 29 13,929 — 13,929 Total investments$159,802 $58 $159,860 $118,552 $41,308 We did not hold any Level 3 assets at any point during the three and six months ended June 30, 2025. Additionally, there were no transfers between Levels 1 and 2 during the six months ended June 30, 2025. Interest income on our investments, which is recorded within ‘Other (income) expense, net’ on our consolidated statements of operations, totaled $2.0 million and $3.6 million for the three and six months ended June 30, 2025, respectively. Interest income on our investments totaled $1.7 million and $3.6 million for the three and six months ended June 30, 2024, respectively. The contractual maturities of our debt securities as of June 30, 2025 and December 31, 2024 were all one year or less. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

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Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF