Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 116

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 116
---
0.31)(a) Accounts for the impact of 0.5 million shares of dilutive securities.

(b) Per share amounts do not foot due to rounding.

44

The following table reconciles GAAP net income (loss) to adjusted EBITDA for the three and nine months ended September 30, 2025 and 2024 (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024GAAP net income (loss)$7,825 $(2,100)$6,336 $(78,615)Other income, net(1,398)(12,544)(24,678)(5,882)Interest expense5,311 6,168 15,948 17,921 Income tax expense1,376 1,319 3,690 690 Depreciation expense and amortization of intangible assets2,459 2,562 7,429 7,503 Stock-based compensation expense10,260 9,505 30,992 30,011 Litigation Expense2,130 1,979 6,324 3,442 JPI Amortization3,153 3,635 9,355 12,643 Severance Costs— — — 5,534 Lease Impairment and Lease-Related Charges1,105 324 1,714 5,786 Adjusted EBITDA$32,221 $10,848 $57,110 $(967)

Liquidity and Capital Resources

The following table presents selected financial information and statistics pertaining to liquidity and capital resources as of September 30, 2025 and December 31, 2024:

As of September 30, 2025December 31, 2024Cash and cash equivalents$125,249 $118,552 Short-term investments and marketable securities66,312 41,308 Property and equipment, net33,168 37,109 Working capital*69,285 80,787 

* Defined as current assets net of current liabilities.

We believe our existing cash and cash equivalents and short-term investments and marketable securities, together with any positive cash flows from operations and available borrowings under our line of credit, will be sufficient to support working capital and capital expenditure requirements for at least the next twelve months.

We have in the past entered into, and may in the future enter into