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Appian Corporation
NASDAQ: APPN Technology IT 🔎 Screen
🏹 Trader: 📈 Stage 2 📊 High Volume | BRS 78 Ready View all →
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$2.6B
Market Cap
1,771.0
P/E
PEG
0.9%
ROCE
86.7%
ROE
-6.38
D/E
1.6%
OPM
-16.1%
% from 52W High
92
α RS
🔍 APPN is showing a high-conviction setup because it matches 3 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still rolling over, and RS Rating is 92 (top decile vs market). Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 3/39 · Technology in Leading quadrant · RS Rating 92
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🌏 Global Investor Returns
Currency-adjusted total returns for APPN including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
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By Category
📊 Sector Averages
About

Appian Corporation operates as a software company in the United States, Australia, Canada, France, Germany, India, Italy, Japan, Mexico, the Netherlands, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and internationally. The company offers The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize critical business processes. The company also offers cloud subscriptions bundled with maintenance and support and hosting services, license subscriptions, and maintenance and support for license subscriptions; and professional and customer support services. In addition, the company offers platforms, such as artificial intelligence, low-code, data fabric, process automation, intelligent document processing, process mining, process intelligence, and case management studio; and solutions, including federal acquisition, public sector case management, state and local e-procurement, contract lifecycle management, insurance connected underwriting, and insurance claims processing. It serves financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation industries. The company has a collaboration with Deloitte Touche Tohmatsu Limited for the development of New AI-Powered Policing Solutions. Appian Corporation was incorporated in 1999 and is headquartered in McLean, Virginia.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding APPN
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 147.2K $3.5M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Appian Q1 2026: Cloud revenue up 25% to $124.5M, raises full-year guidance.
Revenue & Profitability
Q1 2026: Cloud subscriptions revenue $124.5M (+25% YoY; +20% constant currency). Total subscriptions revenue $160.3M (+19% YoY). Total revenue $202.2M (+21% YoY; +17% constant currency). Adjusted EBITDA $26.6M (above guidance of $19-22M). Net income $19.8M ($0.27 per diluted share) vs $9.8M ($0.13) a year ago. Cloud Net ARR expansion was 115% (constant currency).
Outlook
Management sees strong demand from organizations seeking to deploy AI in strategic applications. The Harvard Business Review study commissioned by Appian found that 92% of corporates know they need guardrails for AI, but most have not implemented them. Appian positions itself as the solution to make AI enterprise-grade. The pipeline is above expectations, and full-year guidance was raised despite macro volatility.
Growth Drivers
Key growth levers include AI adoption (nearly 40% of customers have purchased AI-inclusive license tiers), DocCenter (document extraction with >95% accuracy, processing more pages in Q1 than all of 2025 combined), legacy modernization (supported by natural language development and urgency from AI security threats), and agentic AI deployed within process guardrails. Geographically, EMEA was the standout region in Q1.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Q1 gross margin was 74% (subscription 86%, professional services 29%). Total operating expenses were $125.6M. Adjusted EBITDA margin for the full year is expected to expand by more than 1 percentage point to approximately 12% at the midpoint of guidance ($97-105M EBITDA on $819-831M revenue). The company has expanded margins by almost 20 percentage points over 2024 and 2025 combined.
Key Risks
Risks flagged include the potential end of the era of subsidized AI, which could make AI more expensive and increase pressure for cost-effective alternatives. Macro volatility was mentioned but management indicated Appian is navigating it well. Standard forward-looking risks related to financial results, market trends, and customer acquisition are noted.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (4 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (4)
Q1 2026 Q1 2026 2026-05-07
Cloud subscription revenue grew 25% year-over-year, driving total revenue up 21% and adjusted EBITDA to $26.6 million, both exceeding guidance. Strong AI adoption, especially via DocCenter, and robust EMEA performance led to raised full-year guidance and an expanded $100 million share buyback.
Q4 2025 Q4 2025 2026-02-19
Cloud subscription revenue grew 18% year-over-year in Q4, with total revenue up 22% and strong momentum in large enterprise and public sector deals. 2026 guidance projects continued double-digit growth, margin expansion, and a $50 million share buyback.
Q3 2025 Q3 2025 2025-11-06
Cloud subscription revenue grew 21% year-over-year, with total revenue and adjusted EBITDA both exceeding guidance. AI adoption and up-market strategy drove strong new deal activity, while the upcoming Agent Studio launch is expected to further accelerate growth. Guidance was raised for the full year, though the ongoing U.S. government shutdown remains a risk.
Q2 2025 Q2 2025 2025-08-07
Cloud subscriptions and total revenue grew 21% and 17% year-over-year, respectively, with adjusted EBITDA of $8.1M, exceeding guidance. AI integration and up-market strategy drove large deals, while the federal sector outperformed globally. FY 2025 guidance was raised for revenue and profitability.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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