NASDAQ$APPN

Appian Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Appian's Q4 2020 earnings exceeded expectations with strong cloud subscription revenue growth.

Appian announced its Q4 and full year 2020 financial results, with Q4 cloud subscription revenue increasing by 40% year-over-year to $36.9 million. Total revenue for the quarter was $81.6 million, a 19% increase compared to the same period in the previous year. The cloud subscription revenue retention rate was 119% as of December 31, 2020.

  • Cloud subscription revenue increased 40% year-over-year to $36.9 million.
  • Total subscriptions revenue increased 33% year-over-year to $56.1 million.
  • Total revenue increased 19% year-over-year to $81.6 million.
  • Cloud subscription revenue retention rate was 119% as of December 31, 2020.

Headline financials

Total Revenue

$81.6M

Previous: $68.6M+19.0%
EPS (adj)

-$0.03

Previous: -$0.11+72.7%
Capital Expenditures

$215K

Previous: $991K-78.3%
Free Cash Flow

$5.62M

Previous: -$6.96M+180.8%
Net Income

-$6.38M

Previous: -$10.8M+40.9%
Operating Income

-$9.69M

Previous: -$13.1M+26.1%
Gross Profit

$59.7M

Previous: $45.8M+30.2%
Cash & Equivalents

$112M

Previous: $160M-29.6%
Total Assets

$513M

Previous: $371M+38.0%
Stock-Based Comp

$4.61M

Previous: $3.39M+36.1%

Revenue & EPS history

Appian · Revenue · Quarterly

$81.6M

Q4 2020+19%vs Q4 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

Appian · $62.4M total across 2 segments · Q4 2020

  • Cloud Subscriptions
    $36.9M+39.8%
  • Professional Services
    $25.5M-3.6%

Forward guidance

Appian provided guidance for Q1 2021 and full year 2021, expecting continued growth in cloud subscription revenue and total revenue.

Tailwinds

  • Cloud subscription revenue is expected to be in the range of $37.7 million and $38.2 million for Q1 2021.
  • Year-over-year growth of cloud subscription revenue is expected to be between 33% and 35% for Q1 2021.
  • Total revenue is expected to be in the range of $81.7 million and $82.7 million for Q1 2021.
  • Year-over-year increase of total revenue is expected to be between 4% and 5% for Q1 2021.
  • Cloud subscription revenue is expected to be in the range of $167.5 million and $169.5 million for full year 2021.

Headwinds

  • Adjusted EBITDA loss is expected to be in the range of $(9.0) million and $(8.0) million for Q1 2021.
  • Non-GAAP net loss per share is expected to be in the range of $(0.15) and $(0.13) for Q1 2021.
  • 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 $(0.64) and $(0.60) for full year 2021.
  • Assumes 70.8 million weighted average common shares outstanding for Q1 2021.

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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