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Appian (APPN) reported Q3 2025 results with total revenue of $187.004 million, up from $154.052 million a year ago. The company posted net income of $7.825 million (diluted EPS $0.10) and operating income of $13.114 million, compared with a loss last year.
For the first nine months of 2025, revenue reached $524.070 million with net income of $6.336 million. Cash from operations was $61.737 million year-to-date. Cash and cash equivalents were $125.249 million and short‑term investments were $66.312 million as of September 30, 2025. Total debt stood at $245.725 million.
Current deferred revenue was $275.449 million, and remaining performance obligations totaled $577.2 million, with $382.2 million expected to be recognized over the next 12 months. The company repurchased approximately 0.6 million shares for $20.0 million across Q2–Q3 2025. Government agencies represented 32.4% of Q3 revenue; international customers contributed 39.7%. Appian recorded a $0.8 million lease impairment in Q3 related to office space. In the Pegasystems matter, arguments were heard by the Supreme Court of Virginia on October 28, 2025.
Appian Corporation reported that it furnished a press release announcing financial results for the third quarter ended September 30, 2025. The company also shared details for a conference call to discuss results, recent business highlights, and financial outlook. The press release is included as Exhibit 99.1 to this Form 8-K, furnished on November 6, 2025, and is not deemed “filed” under Section 18 of the Exchange Act.
Albert G.W. Biddle III, a Director of Appian Corporation (APPN), reported a non‑derivative acquisition on 10/01/2025 of 1,022 shares of Class A common stock granted under the company's 2017 Equity Incentive Plan and Non‑Employee Director Compensation Policy. After the grant, the Form 4 shows the Reporting Person directly beneficially owns 32,500 Class A shares. The filing also discloses indirect holdings: three family trusts each holding 15,479 shares and Jack Biddle, Inc. holding 82,500 shares; the Reporting Person serves as trustee for the trusts and is president of JBI. The Form 4 was signed by an attorney‑in‑fact on 10/03/2025.
Shirley Ann Edwards, a director of Appian Corp (APPN), received 1,022 shares of Class A common stock on 10/01/2025 at a reported price of $0, increasing her beneficial ownership to 10,641 shares. The award was made under the company’s 2017 Equity Incentive Plan pursuant to the Non-Employee Director Compensation Policy as amended on December 18, 2020. The Form 4 was submitted with a signature dated 10/03/2025 by an attorney-in-fact.
Carl Joseph Hartman II, a Director of Appian Corp (APPN), reported acquiring 1,022 shares of Class A common stock on 10/01/2025. The shares were received at $0 under the issuer's 2017 Equity Incentive Plan as part of the company's Non-Employee Director Compensation Policy amended on December 18, 2020. Following the grant, Mr. Hartman beneficially owns 5,014 shares. The transaction was reported on a Form 4 signed by Angela Patterson, Attorney-in-Fact on 10/03/2025. The filing indicates direct ownership and shows the acquisition as a compensatory grant to a non-employee director.
Bobbie G. Kilberg, a Director of Appian Corp (APPN), received a grant of 1,022 shares of Class A Common Stock on 10/01/2025 under the company’s 2017 Equity Incentive Plan pursuant to the Non-Employee Director Compensation Policy approved on 12/18/2020. The reported transaction shows a $0 price per share, reflecting a compensatory grant rather than an open-market purchase. After the grant, Ms. Kilberg is reported to beneficially own 2,068 shares directly. The filing also discloses 13,481 shares held indirectly across several trusts, bringing disclosed combined beneficial holdings to 15,549 shares. The Form 4 was signed by an attorney-in-fact on 10/03/2025.
Mark Steven Lynch, a director of Appian Corp (APPN), received 1,022 shares of Class A common stock on 10/01/2025 at a reported price of $0. The grant was made under the company’s 2017 Equity Incentive Plan pursuant to the Non-Employee Director Compensation Policy as amended on December 18, 2020. Following the transaction, Mr. Lynch beneficially owned 43,086 shares. The Form 4 was filed by one reporting person and signed on 10/03/2025 by an attorney-in-fact.
Appian Corp director William D. McCarthy was granted 1,022 shares of Class A common stock on 10/01/2025 under the company's 2017 Equity Incentive Plan as amended by the Board on 12/18/2020. After the grant he beneficially owns 12,065 shares. The grant was issued under the issuer's Non-Employee Director Compensation Policy and reported on a Form 4 filed by one reporting person.
Appian Corporation disclosed that its Board of Directors has authorized a share repurchase program to buy back up to $10.0 million of its common stock. The authorization is effective immediately and runs through August 28, 2027, allowing the company to decide if and when to repurchase shares within this limit.
Appian may conduct buybacks through privately negotiated deals, open market purchases, Rule 10b5-1 trading plans, accelerated share repurchases, or other methods. The timing and size of any repurchases will depend on its liquidity, overall business and market conditions, debt covenant restrictions, and the attractiveness of other investment opportunities.
Abdiel-affiliated investors amended a Schedule 13D for Appian Corporation (Class A common stock). The filing, Amendment No. 54, reports that Abdiel Qualified Master Fund, LP and related Abdiel entities collectively held 2,111,093 shares, representing 4.9% of Appian's Class A common stock based on 42,943,872 shares outstanding as of August 4, 2025. The cover pages break ownership by reporting person (largest: Abdiel Qualified Master Fund, LP with 2,009,451 shares). The amendment states the Reporting Persons ceased to be beneficial owners of more than 5% of the Class A stock on August 27, 2025. Exhibit A is referenced for transactions since the prior amendment.