Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 87

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 87
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 dilutive. The dilutive effect, if any, of convertible shares is calculated using the treasury stock method. The following table is a reconciliation of weighted average number of shares outstanding used to compute basic and diluted earnings (loss) per share (in thousands):Three months ended September 30,Nine months ended September 30,2025202420252024Net income (loss)7,825 (2,100)6,336 (78,615)Weighted average number of shares outstanding - basic74,008 72,396 74,101 72,664 Effect of dilutive securitiesStock options181 — 197 — Restricted stock units380 — 254 — Performance share units6 — 2 — Weighted average number of shares outstanding - diluted74,575 72,396 74,554 72,664 Earnings (loss) per share - basic$0.11 $(0.03)$0.09 $(1.08)Earnings (loss) per share - diluted$0.10 $(0.03)$0.08 $(1.08)For the three and nine months ended September 30, 2025, approximately 929,000 and 1,161,000 outstanding common stock equivalents, respectively, were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. As we reported net losses for three and nine months ended September 30, 2024, all outstanding shares would be considered antidilutive if they were to be assumed as vested or exercised.

12. Commitments, Contingencies, and Other MattersMinimum Purchase CommitmentsWe have a non-cancellable cloud hosting arrangement with Amazon Web Services (“AWS”) that contains provisions for minimum purchase commitments. Specifically, purchase commitments under the agreement total $220.0 million over five years. The agreement, which originated in July 2021 and was amended in October 2024, currently contains minimum annual spending requirements of $44.0 million from November 2024 to October 2029. Spending under this agreement for the three and nine months ended September 30, 2025 totaled $14.3 million and $37.6 million, respectively. Spending under this agreement for the three and nine months ended September 30, 2024 totaled $10.8 million and $31.8 million, respectively. The timing of payments under the agreement may vary, but