Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 26

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 26
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 AssetsThe following table details the changes in goodwill during the nine months ended September 30, 2025 and fiscal year ended December 31, 2024 (in thousands):Carrying AmountBalance as of December 31, 2023$27,106 Foreign currency translation adjustments(1,551)Balance as of December 31, 202425,555 Foreign currency translation adjustments3,278 Balance as of September 30, 2025$28,833 Intangible assets, net consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):As ofSeptember 30, 2025December 31, 2024Developed technology$7,542 $6,685 Customer relationships 1,010 896 Intangible assets, gross8,552 7,581 Less: accumulated amortization(6,985)(5,341)Intangible assets, net$1,567 $2,240 Intangible amortization expense was $0.3 million and $0.9 million for the three and nine months ended September 30, 2025, respectively. Intangible amortization expense was $0.4 million and $1.1 million for the three and nine months ended September 30, 2024, respectively. As of September 30, 2025, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 0.9 years and 5.6 years, respectively.

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The following table shows the projected annual amortization expense related to amortizable intangible assets as of September 30, 2025 (in thousands):Projected Amortization2025 (excluding the nine months ended September 30, 2025)$320 2026824 2027101 2028101 2029101 Thereafter120 Total projected amortization expense$1,567 

6. Property and Equipment, netProperty and equipment, net consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):As ofSeptember 30, 2025December 31, 2024Leasehold improvements$55,449 $54,088 Office furniture and fixtures4,621 4,445 Computer software and hardware9,878 9,363 Internally developed software1,341 545 Equipment210 191 Work in process458