NASDAQ$APPN
Appian Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Appian's financial performance exceeded expectations, with cloud subscription revenue growing significantly and a new high mark set for gross profit margin.
Appian announced its Q1 2021 financial results, exceeding guidance with a 38% increase in cloud subscription revenue and a new high for gross profit margin. Total revenue increased by 13% year-over-year. The company reported a GAAP net loss of $(13.6) million, or $(0.19) per share, and a non-GAAP net loss of $(4.0) million, or $(0.06) per share.
- Cloud subscription revenue increased 38% year-over-year to $39.1 million.
- Total subscriptions revenue increased 26% year-over-year to $63.8 million.
- Total revenue was $88.9 million, up 13% compared to the first quarter of 2020.
- Cloud subscription revenue retention rate was 118% as of March 31, 2021.
Headline financials
Revenue & EPS history
Appian · Revenue · Quarterly
$88.9M
Revenue by segment
Appian · $64.2M total across 2 segments · Q1 2021
- Cloud Subscriptions$39.1M+37.7%60.9%
- Professional Services$25.1M-11.6%39.1%
Forward guidance
Appian provided guidance for Q2 2021 and full year 2021.
Tailwinds
- Cloud subscription revenue is expected to be in the range of $41.0 million and $41.5 million for Q2 2021, representing year-over-year growth of between 39% and 40%.
- Total revenue is expected to be in the range of $77.0 million and $78.0 million for Q2 2021, representing a year-over-year increase of between 15% and 17%.
- Cloud subscription revenue is expected to be in the range of $171.0 million and $172.0 million for full year 2021, representing year-over-year growth of between 32% and 33%.
- Total revenue is expected to be in the range of $353.0 million and $355.0 million for full year 2021, representing a year-over-year increase of between 16% and 17%.
- Management will present at the 16th Annual Needham Virtual Technology & Media Conference on May 17th.
Headwinds
- Adjusted EBITDA loss is expected to be in the range of $(16.0) million and $(14.0) million for Q2 2021.
- Non-GAAP net loss per share is expected to be in the range of $(0.26) and $(0.23) for Q2 2021, assuming weighted average common shares outstanding of 71.0 million.
- Adjusted EBITDA loss is expected to be in the range of $(38.0) million and $(36.0) million for full year 2021.
- Non-GAAP net loss per share is expected to be in the range of $(0.68) and $(0.65) for full year 2021, assuming weighted average common shares outstanding of 71.2 million.
- Appian's future performance is subject to risks and uncertainties, including the ability to grow its business, sustain revenue growth, and maintain market acceptance of its platform.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.4%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+2.6%
Avg return
30 days after
49%
17 / 35 earnings
Positive
+30.8%
Q3 2025
Best reaction
-21.6%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -11.5% | +6.7% | |
| Q4 2025 | +1.8% | +3.7% | +5.2% | |
| Q3 2025 | +30.8% | +50.8% | +39.7% | |
| Q1 2025 | +5.3% | +8.2% | +5.8% | |
| Q4 2024 | +16.2% | +3.7% | -3.9% | |
| Q3 2024 | +0.7% | -1.3% | +0.4% | |
| Q2 2024 | -19.2% | -24.8% | -12.2% | |
| Q1 2024 | -12.9% | -13.3% | -22.7% | |
| Q4 2023 | +11.5% | +8.3% | +8.4% | |
| Q3 2023 | +2.0% | -2.2% | -3.7% | |
| Q2 2023 | +2.3% | -0.4% | +2.3% | |
| Q1 2023 | +5.5% | -0.1% | +34.5% | |
| Q4 2022 | +3.9% | -3.6% | -5.9% | |
| Q3 2022 | -19.1% | -26.3% | -19.9% | |
| Q2 2022 | -1.4% | -6.8% | -21.9% | |
| Q1 2022 | -7.2% | +16.4% | -4.0% | |
| Q4 2021 | +1.6% | -3.6% | +13.1% | |
| Q3 2021 | -8.4% | +3.1% | -29.9% | |
| Q2 2021 | -5.7% | -2.4% | +3.7% | |
| Q1 2021 | -13.7% | -13.2% | -11.1% | |
| Q4 2020 | -5.9% | -16.5% | -30.0% | |
| Q3 2020 | +28.2% | +36.8% | +114.0% | |
| Q2 2020 | +1.9% | -8.2% | +10.4% | |
| Q1 2020 | +0.4% | -2.2% | +8.9% | |
| Q4 2019 | -21.6% | -23.9% | -42.9% | |
| Q3 2019 | -1.9% | -5.9% | -4.8% | |
| Q2 2019 | +26.0% | +34.7% | +28.8% | |
| Q1 2019 | -10.2% | -6.9% | +1.1% | |
| Q4 2018 | -7.2% | -4.0% | -9.4% | |
| Q3 2018 | -0.5% | +3.3% | +16.9% | |
| Q2 2018 | -4.3% | -0.3% | +9.6% | |
| Q1 2018 | -7.6% | -7.6% | +15.4% | |
| Q4 2017 | -6.2% | -9.5% | -14.3% | |
| Q3 2017 | -1.1% | -1.4% | -9.6% | |
| Q2 2017 | +0.5% | +13.7% | +13.4% | |
| Q1 2017 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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