Appen Ltd. (AU:APX)
ASX:APX
Earnings Data
Report Date
Aug 26, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.07Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a primarily positive trajectory driven by strong outperformance in Appen China (~75% revenue growth and large EBITDA improvement), improving gross margins, meaningful cost efficiencies ($10m annualized) and a stronger generative AI revenue mix (44% of Q4). These positives outweigh the material but addressable challenges: Appen Global's full-year decline (offset by a strong Q4 rebound), NPAT pressure from noncash amortization, seasonality and working-capital timing. Management provided constructive FY'26 guidance and emphasized execution, hiring of >20 experts and continued investment in technology, supporting a confident outlook despite execution and timing risks.Company Guidance
Group Revenue Growth (ex-Google)
Total revenue of $230.8 million for FY'25, up 4.5% versus FY'24 when excluding the impact of Google.
Underlying EBITDA and Margin Improvement
Underlying EBITDA before FX grew 251% to $12.2 million. Full-year underlying EBITDA margin was 5.3%, with a strong Q4 EBITDA margin of 18.2%. Gross margin improved by 100 basis points to 40.3% driven by a greater mix of higher-value generative AI projects.
Appen China Outperformance
Appen China delivered $102.9 million in revenue, up 74.8% year-on-year, with EBITDA up 640% to $10.6 million. The business exited the year with annualized revenue exceeding $135 million and demonstrated margin improvement and scaling efficiencies.
Appen Global Q4 Recovery and Large GenAI Win
Although Appen Global was down for the full year, Q4 revenue rebounded to $41.4 million (up 56% quarter-on-quarter) and Q4 EBITDA was $10.2 million at a 24.6% margin. A previously announced $10M+ generative AI opportunity grew faster than anticipated and carried into FY'26.
Generative AI Mix and Customer Momentum
Generative AI accounted for 44.1% of Q4 revenue, up from 34.8% a year earlier. Growth was driven by new project wins and expansions in generative AI, with evidence of expanding relationships with frontier labs and advanced, non-commodity work (e.g., domain-specific coding, robotic simulation).
Cash Position and Operating Cash Flow
Cash on hand of $59.8 million (AUD 89.5m), up $5 million versus December 2024. Cash flow from operations improved by $23.4 million to $22.4 million and management notes approximately 100% conversion of EBITDA to operating cash flow (adjusting for timing of a major customer payment).
Technology-Led Cost Efficiencies and Investment
Realized $10 million in annualized cost efficiencies through technology, innovation and automation (net of talent upgrades). Incremental investing in product development and new facilities supported China expansion (investing activities up ~$3.5 million versus FY'24).
AU:APX Earnings History
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
AU:APX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | AU$1.32 | AU$1.69 | +27.55% |
Aug 27, 2025 | AU$0.89 | AU$0.85 | -4.49% |
Feb 25, 2025 | AU$2.88 | AU$1.92 | -33.33% |
Aug 29, 2024 | AU$1.22 | AU$1.00 | -17.70% |
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.
FAQ
When does Appen Ltd. (AU:APX) report earnings?
Appen Ltd. (AU:APX) is schdueled to report earning on Aug 26, 2026, TBA (Confirmed).
What is Appen Ltd. (AU:APX) earnings time?
Appen Ltd. (AU:APX) earnings time is at Aug 26, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Appen Ltd. stock?
The P/E ratio of Appen is N/A.
What is AU:APX EPS forecast?
AU:APX EPS forecast for the fiscal quarter 2026 (Q2) is -0.09.