Company: APPN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001441683-25-000041
Chunk: 31

Company: APPIAN CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 31
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CashLevel 1$115,698 $— $115,698 $115,698 $— Money market fundLevel 119,284 — 19,284 19,284 — U.S. Treasury bondsLevel 143,678 28 43,706 — 43,706 Commercial paperLevel 23,919 3 3,922 — 3,922 Corporate bondsLevel 217,078 10 17,088 — 17,088 Total investments$199,657 $41 $199,698 $134,982 $64,716 At December 31, 2024, our investments consisted of the following (in thousands):As of December 31, 2024Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized Gains (Losses)Fair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1$106,338 $— $106,338 $106,338 $— Money market fundLevel 112,214 — 12,214 12,214 — U.S. Treasury bondsLevel 124,376 26 24,402 — 24,402 Commercial paperLevel 22,974 3 2,977 — 2,977 Corporate bondsLevel 213,900 29 13,929 — 13,929 Total investments$159,802 $58 $159,860 $118,552 $41,308 We did not hold any Level 3 assets at any point during the three months ended March 31, 2025. Additionally, there were no transfers between Levels 1 and 2 during the three months ended March 31, 2025. Interest income on our investments, which is recorded within ‘Other operating (income) expense’ on our consolidated statements of operations, totaled $1.6 million and $1.9 million for the three months ended March 31, 2025 and 2024, respectively. The contractual maturities of our debt securities as of March 31, 2025 and December 31, 2024 were all one year or less. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

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Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FIN