Company: APPN
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001441683-25-000017
Chunk: 89

Company: APPIAN CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 89
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-operating expense30,355 259 5,218 Loss before income taxes(91,208)(108,232)(150,228)Income tax expense1,054 3,209 692 Net loss$(92,262)$(111,441)$(150,920)

52

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

Year Ended December 31,202420232022RevenueSubscriptions79.5 %75.6 %72.7 %Professional services20.5 24.4 27.3 Total revenue100.0 100.0 100.0 Cost of revenueSubscriptions8.7 8.0 7.7 Professional services15.7 18.3 20.8 Total cost of revenue24.4 26.3 28.5 Gross profit75.6 73.7 71.5 Operating expensesSales and marketing37.4 44.4 47.1 Research and development25.1 28.1 29.7 General and administrative23.0 21.0 25.7 Total operating expenses85.5 93.5 102.5 Operating loss(9.9)(19.8)(31.0)Other non-operating expenseOther expense (income), net1.1 (3.2)0.8 Interest expense3.8 3.3 0.4 Total other non-operating expense4.9 0.1 1.2 Loss before income taxes(14.8)(19.9)(32.2)Income tax expense0.2 0.6 0.1 Net loss(15.0)%(20.5)%(32.3)%

Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

Revenue

Year Ended December 31,20242023$ Change% Change(dollars in thousands)Revenue:Subscriptions$490,568 $412,337 $78,231 19.0%Professional services126,454 133,026 (6,572)(4.9)%Total revenue$617,022 $545,363 $71,659 13.1%

Total revenue increased $71.7 million, or 13.1%, in 2024 compared to 2023