Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 96

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 96
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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 March 31, 2025December 31, 2024Cash and cash equivalents$134,982 $118,552 Short-term investments and marketable securities64,716 41,308 Property and equipment, net36,330 37,109 Working capital*81,520 80,787 

* Defined as current assets net of current liabilities.

We believe our existing cash and cash equivalents and short-term investments and marketable securities, together with any positive cash flows from operations and available borrowings under our line of credit, will be sufficient to support working capital and capital expenditure requirements for at least the next twelve months.

We have in the past entered into, and may in the future enter into, investments in or acquisitions of complementary businesses, products, or technologies, which could also require us to seek additional equity financing, incur indebtedness, or use cash resources. We have no present binding agreements or commitments to enter into any such acquisitions. If we are unable