Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 19

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 19
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 and support as a percentage of the stated net subscription fee based on observable pricing of maintenance and support renewals from our legacy perpetual software licenses. 4.Consulting and training services - The SSP of consulting and training services is established based on the observable pricing of standalone sales within each geographic region where the services are sold. Contract BalancesTiming may differ between the satisfaction of performance obligations and the invoicing and collection of amounts related to our contracts with customers. Contract assets primarily relate to unbilled amounts for contracts with customers for which the amount of revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to accounts receivable when the right to invoice becomes unconditional. Contract liabilities consist of deferred revenue and include payments received in advance of the satisfaction of performance obligations. Deferred revenue is then recognized as the revenue recognition criteria are met. Deferred revenue that will be recognized during the succeeding 12-month period is recorded as current, and the remaining deferred revenue is recorded as non-current. 

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The following table sets forth our contract asset and contract liability balances (in thousands):As ofMarch 31, 2025December 31, 2024March 31, 2024December 31, 2023Contract assets, current*$8,868 $12,933 $10,371 $12,052 Contract assets, non-current*331 643 1,192 915 Total contract assets$9,199 $13,576 $11,563 $12,967 Deferred revenue, current$258,582 $281,760 $220,943 $235,992 Deferred revenue, non-current3,944 5,477 5,216 4,700 Total contract liabilities$262,526 $287,237 $226,159 $240,692 * Current and non-current contract assets are reported as components of the ‘Prepaid expenses and other current assets’ and ‘Other assets’ line items, respectively, in our consolidated balance sheets.Revenue recognized from amounts included in contract liabilities at the beginning of the period totaled $118.2 million and $94.2 million for the three months ended March 31, 2025 and 2024, respectively. Transaction Price Allocated to the Remaining Performance ObligationsAs of March 31, 2025, we had an aggregate transaction price of $519.1 million allocated to unsatisfied performance obligations. We expect to recognize $331.9 million of