Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 147

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 147
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 follows: •Market approach - Uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities; •Income approach - Uses valuation techniques to convert future amounts to a single present amount based on current market expectations about those future amounts; and•Cost approach - Based on the amount that currently would be required to replace the service capacity of an asset (i.e., replacement cost).The carrying amounts of our accounts receivable, accounts payable, and accrued expenses approximate fair value as of December 31, 2024 and 2023 because of the relatively short duration of these instruments. Additionally, the carrying value of our debt associated with the term loan facility approximates fair value because the interest rates are variable and reset on relatively short durations to then-market rates.

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APPIAN CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS

InvestmentsOur investment portfolio consists largely of debt investments classified as available-for-sale. Changes in the fair value of available-for-sale securities, excluding other-than-temporary impairments, have been recorded in ‘Accumulated other comprehensive loss’ in our consolidated balance sheets. The components of our investments as of December 31, 2024 and 2023 are as follows (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 As of December 31, 2023, our investments consisted of the following (in thousands):As of December 31, 2023Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized Gains (Losses)Fair ValueCash and Cash EquivalentsShort-Term Investments and Marketable SecuritiesCashLevel 1$93,029 $— $93,029 $93,