NASDAQ$APPN
Appian Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Appian's financial performance in Q2 2023 reflected growth in cloud subscriptions and overall revenue, alongside a reduced GAAP net loss year-over-year.
Appian announced its Q2 2023 financial results, featuring a 30% year-over-year increase in cloud subscription revenue, reaching $74.4 million. Total revenue increased by 16% compared to the second quarter of 2022. The company's GAAP net loss was $(42.4) million, an improvement over the $(49.4) million net loss in the same period last year.
- Cloud subscription revenue increased by 30% year-over-year, reaching $74.4 million.
- Total subscriptions revenue increased 22% year-over-year to $93.8 million.
- Total revenue was $127.7 million, up 16% compared to the second quarter of 2022.
- GAAP net loss improved to $(42.4) million, compared to $(49.4) million in the second quarter of 2022.
Headline financials
Revenue & EPS history
Appian · Revenue · Quarterly
$127M
Revenue by segment
Appian · $108M total across 2 segments · Q2 2023
- Cloud Subscriptions$74.4M+30.3%68.7%
- Professional Services$33.9M+1.6%31.3%
Forward guidance
Appian provided guidance for the third quarter and full year 2023.
Tailwinds
- Cloud subscription revenue for Q3 2023 is expected to be between $75.5 million and $76.5 million, representing a 25% to 26% year-over-year growth.
- Total revenue for Q3 2023 is expected to be between $134.0 million and $136.0 million, representing a 14% to 15% year-over-year increase.
- Cloud subscription revenue for full year 2023 is expected to be between $299.0 million and $301.0 million, representing a 26% to 27% year-over-year growth.
- Total revenue for full year 2023 is expected to be between $538.0 million and $543.0 million, representing a 15% to 16% year-over-year increase.
- Adjusted EBITDA loss for full year 2023 is expected to be between $(67.0) million and $(63.0) million.
Headwinds
- Adjusted EBITDA loss for Q3 2023 is expected to be between $(16.0) million and $(12.0) million.
- Non-GAAP net loss per share for Q3 2023 is expected to be between $(0.28) and $(0.23), assuming weighted average common shares outstanding of 73.3 million.
- Full Year 2023 Guidance: Non-GAAP net loss per share is expected to be between $(1.16) and $(1.10).
- Full Year 2023 Guidance: Adjusted EBITDA loss is expected to be between $(67.0) million and $(63.0) million.
- Third Quarter 2023 Guidance: Adjusted EBITDA loss is expected to be between $(16.0) million and $(12.0) million.
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 Q2 2023
-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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