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

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 25
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 headquarters facility. The fair values of the two asset groups were measured using discounted cash flow models based on market rents and sublease incomes projected over the remaining lease terms.During the third quarter of 2025, we recognized an incremental $0.8 million lease impairment charge related to one of the floors within our corporate headquarters that we ceased use of during the second quarter of 2024. The impairment charge represents the amount the carrying value of the underlying asset exceeded its estimated fair value, which was determined by utilizing a discounted cash flow approach that incorporated lower than previously expected sublease income assumptions based on current market conditions. Supplemental Lease InformationSupplemental balance sheet information related to operating leases as of September 30, 2025 and December 31, 2024 is presented in the following table (in thousands, except for lease term and discount rate):As ofSeptember 30, 2025December 31, 2024Right-of-use assets for operating leases$29,110$31,081Operating lease liabilities, current$13,110$12,378Operating lease liabilities, net of current portion47,76952,189Total operating lease liabilities$60,879$64,567Weighted average remaining lease term (in years)5.76.5Weighted average discount rate9.4 %9.4 %Supplemental cash flow and expense information related to operating leases for the three and nine months ended September 30, 2025 and 2024 is shown below (in thousands):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Operating cash outflows for operating leases$3,328 $3,190 $9,769 $8,963 Amortization of operating lease right-of-use assets969 777 2,826 2,375 Interest expense on operating lease liabilities1,440 1,579 4,389 4,803 

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A summary of our future minimum lease commitments under non-cancellable leases as of September 30, 2025 is shown below (in thousands): Operating Leases2025 (excluding the nine months ended September 30, 2025)$3,421 202613,806 202713,994 202812,873 202912,412 Thereafter22,908 Total lease payments79,414 Less: imputed interest(18,535)Total$60,879 

5. Goodwill and Intangible