Appian Corporation reported strong first quarter 2026 results and announced a new share repurchase program. Total revenue was $202.2 million, up 21% year-over-year, driven by cloud subscriptions revenue of $124.5 million, which grew 25%. Professional services revenue rose to $41.9 million, an increase of 31%.
GAAP operating income was $3.2 million compared to a small loss a year earlier, while non-GAAP operating income improved to $24.4 million. Non-GAAP net income more than doubled to $19.8 million, or $0.27 per share, and adjusted EBITDA rose to $26.6 million. Net cash provided by operating activities was $48.8 million.
The board authorized a program to repurchase up to $50.0 million of common stock from May 2026 through February 2028 using various transaction methods. Appian also issued guidance for the second quarter and full year 2026, expecting continued double-digit growth in cloud subscriptions and total revenue with positive adjusted EBITDA.
Appian Corporation is holding its 2026 annual stockholder meeting virtually on June 3, 2026, at 11:00 a.m. Eastern Time. Stockholders of record as of April 8, 2026, may vote on five proposals, including electing eight directors and ratifying BDO USA, P.C. as independent auditor for 2026.
Stockholders will cast advisory votes on executive compensation and on how often to hold future say-on-pay votes, with the Board recommending an annual frequency. Appian also seeks approval of an amended and restated 2017 Equity Incentive Plan, increasing the share reserve to continue granting equity awards to employees and directors as a key part of compensation.
APPIAN CORP director Bobbie G. Kilberg reported derivative exercises and conversions, increasing direct Class A holdings. On April 10, 2026, she exercised stock options covering 10,800 shares at an exercise price of $11.17 per share and converted Class B shares into Class A. These actions resulted in the acquisition of 10,800 shares of Class A Common Stock through derivative conversion, bringing her direct Class A ownership to 12,096 shares. The filing also shows 60,031 shares of Class A Common Stock held indirectly by trusts associated with the Kilberg family. The transactions are reported as exercises and conversions rather than open-market purchases or sales.
Link David Forrest reported acquisition or exercise transactions in this Form 4 filing.
APPIAN CORP director David Forrest Link received a grant of 1,296 shares of Class A Common Stock on April 1, 2026. The shares were awarded at $0.00 per share under Appian's 2017 Equity Incentive Plan and Non-Employee Director Compensation Policy. Following this grant, Link directly holds 2,067 shares of Class A Common Stock.
McCarthy William D. reported acquisition or exercise transactions in this Form 4 filing.
APPIAN CORP director William D. McCarthy received an equity grant of 1,296 shares of Class A Common Stock as compensation. The shares were awarded at no cash cost under Appian's 2017 Equity Incentive Plan, pursuant to the Non-Employee Director Compensation Policy approved by the Board. Following this award, McCarthy directly holds 14,243 Class A shares.
Lynch Mark Steven reported acquisition or exercise transactions in this Form 4 filing.
APPIAN CORP director Mark Steven Lynch received a grant of 1,296 shares of Class A Common Stock as equity compensation. The shares were awarded at no cash cost to him under Appian’s 2017 Equity Incentive Plan and its Non-Employee Director Compensation Policy. Following this grant, he directly holds 45,264 shares.
Dorsey Mark reported acquisition or exercise transactions in this Form 4 filing.
APPIAN CORP Chief Revenue Officer Mark Dorsey received a grant of 18,132 restricted stock units (RSUs). The RSUs were awarded on August 20, 2025 and each unit represents a contingent right to receive one share of Appian’s Class A Common Stock or its cash equivalent.
The 18,132 RSUs vest in four equal annual installments beginning on August 5, 2026, as long as Dorsey continues providing service to the company through each vesting date. After this grant, his reported RSU holdings from this award total 18,132 units.
Kilberg Bobbie G reported acquisition or exercise transactions in this Form 4 filing.
APPIAN CORP director Bobbie G. Kilberg reported an equity grant of 1,296 shares of Class A Common Stock. The shares were awarded at no cost under Appian's 2017 Equity Incentive Plan pursuant to its amended Non-Employee Director Compensation Policy. After this award, Kilberg holds 1,296 shares directly and 60,031 shares indirectly through various family trusts.