Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 107

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 107
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24$ Change% Change(dollars in thousands)Other income, net$(1,398)$(12,544)$11,146 (88.9)%% of revenue(0.7)%(8.1)%

Other income, net was $1.4 million in the three months ended September 30, 2025 compared to other income, net of $12.5 million in the three months ended September 30, 2024. This change was primarily due to $0.3 million in foreign exchange losses in the three months ended September 30, 2025 as compared to $9.2 million in foreign exchange gains in the three months ended September 30, 2024, in addition to a $1.8 million decrease in other income attributable to short-swing profit disgorgement payments to us from a public stockholder of our Class A common stock during the three months ended September 30, 2024.

37

Interest Expense

Three Months Ended September 30,20252024$ Change% Change(dollars in thousands)Interest expense$5,311$6,168$(857)(13.9)%% of revenue2.8 %4.0 %

Interest expense decreased by $0.9 million in the three months ended September 30, 2025 as compared to the corresponding period in 2024 primarily due to a lower effective interest rate and lower outstanding principal compared to the prior year period.

Income Tax Expense

Three Months Ended September 30,20252024$ Change% Change(dollars in thousands)Income tax expense$1,376$1,319$57 4.3 %% of revenue0.7 %0.9 %

Income tax expense increased by $0.1 million in the three months ended September 30, 2025 as compared to the corresponding period in 2024. This change was primarily driven by increased pre-tax book income in certain international subsidiaries for the three months ended September 30, 2025. 

Comparison of the Nine Months Ended September 30, 2025 and 2024

Revenue

Nine Months Ended September 30,20252024$ Change% Change(dollars in thousands)RevenueSubscriptions$414,197 $353,789 $60,408 17.1 %Professional services109,873 96,548 13,325 13.8 Total revenue$524,070