Company: APPN
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001441683-25-000053
Chunk: 48

Company: APPIAN CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 48
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)General and administrative$36,898$40,193$(3,295)(8.2)%% of revenue21.6 %27.4 %

General and administrative expense decreased $3.3 million, or 8%, in the three months ended June 30, 2025 compared to the same period in 2024 primarily due to a $5.0 million decrease in rent expense. In addition, insurance expense decreased $1.3 million due to lower amortization expense associated with our JPI policy. These decreases were partially offset by increases of $1.2 million in professional fees and $1.0 million in general and administrative personnel costs. Rent expense decreased due to $5.5 million of lease impairment charges recorded in the prior year period, with no such charges occurring in the current year. Professional fees increased primarily due to a $1.8 million increase in litigation-related expenses attributable to the Pegasystems legal case. Although general and administrative headcount was down 5% from June 30, 2024 to June 30, 2025, personnel costs increased due to higher bonus expense and a $0.5 million increase in stock compensation expense.

Other Income, Net

Three Months Ended June 30,20252024$ Change% Change(dollars in thousands)Other income, net$(17,564)$(1,545)$(16,019)***% of revenue(10.3)%(1.1)%

*** Indicates a percentage that is not meaningful.

Other income, net was $17.6 million in the three months ended June 30, 2025 compared to other income, net of $1.5 million in the three months ended June 30, 2024. This change was primarily due to $15.6 million in foreign exchange gains in the three months ended June 30, 2025 as compared to $0.2 million in foreign exchange losses in the three months ended June 30, 2024. 

Interest Expense

Three Months Ended June 30,20252024$ Change% Change(dollars in thousands)Interest expense$5,319$6,107$(788)(12.9)%% of revenue3.1 %4.2 %

Interest expense decreased by $0.8 million in the three months ended June 30, 2025 as compared to the corresponding period in 2024 primarily due to a