Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 9

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 9
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Item 1. FINANCIAL STATEMENTS

APPIAN CORPORATION

CONSOLIDATED BALANCE SHEETS

(in thousands, except par value and share data)

As ofSeptember 30, 2025December 31, 2024(unaudited)AssetsCurrent assetsCash and cash equivalents$125,249 $118,552 Short-term investments and marketable securities66,312 41,308 Accounts receivable, net of allowance of $2,862 and $3,396, respectively172,615 195,069 Deferred commissions, current34,131 36,630 Prepaid expenses and other current assets41,104 43,984 Total current assets439,411 435,543 Property and equipment, net of accumulated depreciation of $38,789 and $32,142, respectively33,168 37,109 Goodwill28,833 25,555 Intangible assets, net of accumulated amortization of $6,985 and $5,341, respectively1,567 2,240 Right-of-use assets for operating leases29,110 31,081 Deferred commissions, net of current portion59,395 60,540 Deferred tax assets5,144 4,129 Other assets15,107 24,842 Total assets$611,735 $621,039 Liabilities and Stockholders’ DeficitCurrent liabilitiesAccounts payable$8,605 $4,322 Accrued expenses20,082 11,388 Accrued compensation and related benefits38,677 34,223 Deferred revenue275,449 281,760 Debt12,098 9,598 Operating lease liabilities13,110 12,378 Other current liabilities2,105 1,087 Total current liabilities370,126 354,756 Long-term debt233,627 240,826 Non-current operating lease liabilities47,769 52,189 Deferred revenue, non-current8,322 5,477 Other non-current liabilities435 431 Total liabilities660,279 653,679 Stockholders’ deficitClass A common stock—par value $0.0001; 500,000,000 shares authorized as of September 30, 2025 and December 31, 2024 and 43,369,326 and 42,938,701 shares issued as of September 30, 2025 and December 31, 2024