Appian Corporation demonstrated strong financial performance with significant growth in cloud subscription revenue and positive adjusted EBITDA. The company showed high customer retention and successful upselling, with notable customer wins contributing to positive momentum. However, the slight decline in the revenue retention rate, foreign exchange losses, and uncertainty in US federal spending pose challenges. Overall, the highlights significantly outweigh the lowlights.

Company Guidance

During the fourth quarter of 2024, Appian Corporation reported a 19% year-over-year growth in cloud subscription revenue, reaching $98.9 million, and an 18% increase in total subscriptions revenue to $136.8 million. Total revenue for the quarter grew by 15% to $166.7 million, with an adjusted EBITDA of $21.2 million. The company achieved a cloud subscription revenue retention rate of 116% and a non-GAAP gross margin of 80%, marking its best performance since going public. For the full year, cloud subscription revenue rose 21% to $368 million, with total revenue increasing by 13% to $617 million. In 2025, Appian expects cloud subscription revenue to grow between 14% and 15% to $419 million-$421 million, with total revenue anticipated to rise between 10% and 11% to $680 million-$684 million. The company forecasts an adjusted EBITDA of $38 million-$42 million for the year.

Strong Cloud Subscription Revenue Growth

Appian Corporation's cloud subscription revenue grew 19% in Q4 2024 to $98.9 million and 21% for the full year to $368 million.

Positive Adjusted EBITDA

Adjusted EBITDA was positive $21.2 million in Q4 2024, exceeding guidance, and was $20.3 million for the full year, a significant improvement from a loss of $44.8 million in 2023.

High Customer Retention

Cloud subscription revenue retention rate was 116%, with a gross renewal rate of 99%.

Successful Upselling and Tiered Pricing

Two-thirds of customers purchased more software during 2024 and half of net new customers bought in above the base tier in the new tiered pricing structure.

Significant Customer Wins

A leading US insurance provider generated an additional $2 billion in revenue annually using Appian Corporation, and a medical transportation emergency response company reduced processing times by 88%.

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Appian (APPN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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APPN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 01, 2025	2025 (Q1)	0.03 / -	-0.24	―	―	―
Feb 19, 2025	2024 (Q4)	-0.01 / 0.00	0.06	―
Nov 07, 2024	2024 (Q3)	-0.09 / 0.15	-0.2	175.00% (+0.35)
Aug 01, 2024	2024 (Q2)	-0.31 / -0.26	-0.39	33.33% (+0.13)
May 02, 2024	2024 (Q1)	-0.17 / -0.24	-0.27	11.11% (+0.03)
Feb 15, 2024	2023 (Q4)	-0.24 / 0.06	-0.28	121.43% (+0.34)
Nov 02, 2023	2023 (Q3)	-0.26 / -0.20	-0.43	53.49% (+0.23)
Aug 03, 2023	2023 (Q2)	-0.43 / -0.39	-0.46	15.22% (+0.07)
May 09, 2023	2023 (Q1)	-0.29 / -0.27	-0.06	-350.00% (-0.21)
Feb 16, 2023	2022 (Q4)	-0.41 / -0.28	-0.16	-75.00% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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APPN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$32.04	$37.23	+16.20%
Nov 07, 2024	$40.50	$41.56	+2.62%
Aug 01, 2024	$36.94	$29.42	-20.36%
May 02, 2024	$36.73	$31.03	-15.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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