Company: APPN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001441683-25-000068
Chunk: 37

Company: APPIAN CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 37
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 balance sheets. The components of our cash, cash equivalents, and investments as of September 30, 2025 are as follows (in thousands): As of September 30, 2025Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized GainsFair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1$118,977 $— $118,977 $118,977 $— Money market fundLevel 16,272 — 6,272 6,272 — U.S. Treasury bondsLevel 137,636 28 37,664 — 37,664 Commercial paperLevel 27,994 7 8,001 — 8,001 Corporate bondsLevel 220,623 24 20,647 — 20,647 Total investments$191,502 $59 $191,561 $125,249 $66,312 At December 31, 2024, our investments consisted of the following (in thousands):As of December 31, 2024Fair Value MeasurementBalance Sheet ClassificationFair Value LevelCost BasisUnrealized GainsFair ValueCash and Cash EquivalentsShort-term Investments and Marketable SecuritiesCashLevel 1$106,338 $— $106,338 $106,338 $— Money market fundLevel 112,214 — 12,214 12,214 — U.S. Treasury bondsLevel 124,376 26 24,402 — 24,402 Commercial paperLevel 22,974 3 2,977 — 2,977 Corporate bondsLevel 213,900 29 13,929 — 13,929 Total investments$159,802 $58 $159,860 $118,552 $41,308 We did not hold any Level 3 assets at any point during the three and nine months ended September 30, 2025. Additionally, there were no transfers between Levels 1 and 2 during the nine months ended September 30, 2025. Interest income on our investments, which is recorded within ‘Other income, net’ on our consolidated statements of operations, totaled $1.7 million and $5.3 million for the three and nine months ended September 30, 2025, respectively. Interest income on our investments totaled $1.5 million and