Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 82

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 82
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4, respectively. As of September 30, 2025, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 0.9 years and 5.6 years, respectively.

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The following table shows the projected annual amortization expense related to amortizable intangible assets as of September 30, 2025 (in thousands):Projected Amortization2025 (excluding the nine months ended September 30, 2025)$320 2026824 2027101 2028101 2029101 Thereafter120 Total projected amortization expense$1,567 

6. Property and Equipment, netProperty and equipment, net consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):As ofSeptember 30, 2025December 31, 2024Leasehold improvements$55,449 $54,088 Office furniture and fixtures4,621 4,445 Computer software and hardware9,878 9,363 Internally developed software1,341 545 Equipment210 191 Work in process458 619 Property and equipment, gross71,957 69,251 Less: accumulated depreciation(38,789)(32,142)Property and equipment, net$33,168 $37,109 

Depreciation expense totaled $2.1 million and $6.5 million for the three and nine months ended September 30, 2025, respectively. Depreciation expense totaled $2.2 million and $6.4 million for the three and nine months ended September 30, 2024, respectively. We had no disposals or retirements during the three and nine months ended September 30, 2025. We disposed of $1.0 million and $1.3 million worth of fully depreciated equipment during the three and nine months ended September 30, 2024, respectively. 

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7. Accrued ExpensesAccrued expenses consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):As ofSeptember 30, 2025December 31, 2024Interest$5,058 $— Hosting costs and license fees5,847 3,715 Contract labor costs2,685 1,043 Audit and tax expenses1,506 1,029 Reimbursable