Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 103

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 103
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 letters of credit.

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Results of Operations

The following table sets forth our consolidated statements of operations (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024RevenueSubscriptions$147,188 $123,121 $414,197 $353,789 Professional services39,816 30,931 109,873 96,548 Total revenue187,004 154,052 524,070 450,337 Cost of revenueSubscriptions17,762 14,082 49,810 39,614 Professional services27,531 23,002 78,322 74,880 Total cost of revenue45,293 37,084 128,132 114,494 Gross profit141,711 116,968 395,938 335,843 Operating expensesSales and marketing51,918 50,865 166,929 175,613 Research and development40,263 38,572 120,127 117,789 General and administrative36,416 34,688 107,586 108,327 Total operating expenses128,597 124,125 394,642 401,729 Operating income (loss)13,114 (7,157)1,296 (65,886)Other non-operating expense (income) Other income, net(1,398)(12,544)(24,678)(5,882)Interest expense5,311 6,168 15,948 17,921 Total other non-operating expense (income)3,913 (6,376)(8,730)12,039 Income (loss) before income taxes9,201 (781)10,026 (77,925)Income tax expense1,376 1,319 3,690 690 Net income (loss)$7,825 $(2,100)$6,336 $(78,615)

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The following table sets forth our consolidated statements of operations data expressed as a percentage of total revenue:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024RevenueSubscriptions78.7 %79.9 %79.0 %78.6 %Professional services21.3 20.1 21.0 21.4 Total revenue100.0 100.0 100.