Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 110

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 110
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)(5,462)— 240,498 Operating (loss) income(58,729)20,506 1,463 9,008 5,534 5,462 — (16,756)Non-operating expense (income)6,662 — — — — — (12,807)(6,145)Income tax impact of above items(629)1,141 — — 1,096 — 1,038 2,646 Net (loss) income(76,515)19,365 1,463 9,008 4,438 5,462 11,769 (25,010)Net (loss) income per share, basic and diluted $(1.05)$0.27 $0.02 $0.12 $0.06 $0.08 $0.16 $(0.34)

42

The following table reconciles GAAP net loss to adjusted EBITDA for the three and six months ended June 30, 2025 and 2024 (in thousands):

Three Months Ended June 30,Six Months Ended June 30,2025202420252024GAAP net loss$(312)$(43,592)$(1,489)$(76,515)Other (income) expense, net(17,564)(1,545)(23,280)6,662 Interest expense5,319 6,107 10,637 11,753 Income tax expense (benefit)1,573 (164)2,314 (629)Depreciation expense and amortization of intangible assets2,524 2,580 4,970 4,941 Stock-based compensation expense10,693 9,900 20,732 20,506 Litigation Expense2,482 721 4,194 1,463 JPI Amortization3,118 4,504 6,202 9,008 Severance Costs— 5,534 — 5,534 Lease Impairment and Lease-Related Charges297 5,462 609 5,462 Adjusted EBITDA$8,130 $(10,493)$24,889 $(11,815)

Liquidity and Capital Resources

The following table presents selected financial information and statistics pertaining to liquidity and capital resources as of June