Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 11

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 11
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345 Repurchase of common stock(1,320,531)— (50,019)— — — (50,019)Stock-based compensation expense— — — 10,606 — — 10,606 Other comprehensive income— — — — 12,847 — 12,847 Balance, March 31, 202472,236,232 $7 $(50,019)$603,870 $(10,708)$(552,815)$(9,665)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

6

APPIAN CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited, in thousands)

Three Months Ended March 31,20252024Cash flows from operating activitiesNet loss$(1,177)$(32,923)Adjustments to reconcile net loss to net cash provided by operating activitiesStock-based compensation10,039 10,606 Depreciation expense and amortization of intangible assets2,446 2,361 Bad debt expense(125)(135)Amortization of debt issuance costs150 140 Loss on disposal of property and equipment— — Benefit for deferred income taxes(163)(450)Foreign currency transaction (gains) losses, net(3,989)11,806 Changes in assets and liabilitiesAccounts receivable60,259 40,061 Prepaid expenses and other assets6,107 (2,245)Deferred commissions3,855 1,569 Accounts payable and accrued expenses4,755 5,187 Accrued compensation and related benefits(9,306)(8,703)Other current and non-current liabilities507 1,944 Deferred revenue(27,554)(10,120)Operating lease assets and liabilities(838)(232)Net cash provided by operating activities44,966 18,866 Cash flows from investing activitiesProceeds from maturities of investments13,611 9,657 Purchases of investments(37,037)— Purchases of property and equipment(651)(2,198)Net cash (used by) provided by investing activities(24,077)7,459 Cash flows from financing activitiesProceeds from borrowings— 50,000 Payments for debt issuance costs— (463)Debt repayments(2,500)(1,250)Repurchase of common stock—