NASDAQ$APPN

Appian Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Appian's Q4 2021 financial performance was announced, showcasing significant growth in cloud subscriptions and overall revenue.

Appian's Q4 2021 saw a 39% increase in cloud subscription revenue, reaching $51.2 million. Total revenue grew by 29% to $105.0 million. The cloud subscription revenue retention rate was 116%. However, the company reported a GAAP net loss of $25.8 million, or $(0.36) per share.

  • Cloud subscription revenue increased 39% year-over-year to $51.2 million.
  • Total revenue increased 29% year-over-year to $105.0 million.
  • Total subscriptions revenue increased 35% year-over-year to $75.8 million.
  • Cloud subscription revenue retention rate was 116%.

Headline financials

Total Revenue

$105M

Previous: $81.6M+28.6%
EPS (adj)

-$0.16

Previous: -$0.03-433.3%
Capital Expenditures

$3.59M

Previous: $215K+1567.4%
Free Cash Flow

-$23M

Previous: $5.62M-509.5%
Net Income

-$25.8M

Previous: -$6.38M-305.0%
Operating Income

-$25.9M

Previous: -$9.69M-167.9%
Gross Profit

$76.8M

Previous: $59.7M+28.6%
Cash & Equivalents

$101M

Previous: $112M-10.4%
Total Assets

$505M

Previous: $513M-1.6%
Stock-Based Comp

$6.15M

Previous: $4.61M+33.4%

Revenue & EPS history

Appian · Revenue · Quarterly

$105M

Q4 2021+28.6%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Appian · $80.4M total across 2 segments · Q4 2021

  • Cloud Subscriptions
    $51.2M+38.8%
  • Professional Services
    $29.2M+14.4%

Forward guidance

Appian provided guidance for Q1 2022 and full year 2022.

Tailwinds

  • Cloud subscription revenue for Q1 2022 is expected to be in the range of $52.1 million and $52.6 million, representing year-over-year growth of between 33% and 35%.
  • Total revenue for Q1 2022 is expected to be in the range of $106.0 million and $108.0 million, representing a year-over-year increase of between 19% and 22%.
  • Cloud subscription revenue for full year 2022 is expected to be in the range of $234.0 million and $236.0 million, representing year-over-year growth of between 30% and 32%.
  • Total revenue for full year 2022 is expected to be in the range of $444.0 million and $446.0 million, representing a year-over-year increase of between 20% and 21%.
  • Appian enters 2022 with an accelerating business, a unified low-code platform, a growing ecosystem, and happy customers.

Headwinds

  • Adjusted EBITDA loss for Q1 2022 is expected to be in the range of $(9.0) million and $(7.0) million.
  • Non-GAAP net loss per share for Q1 2022 is expected to be in the range of $(0.15) and $(0.12), assuming weighted average common shares outstanding of 72.2 million.
  • Adjusted EBITDA loss for full year 2022 is expected to be in the range of $(53.0) million and $(51.0) million.
  • Non-GAAP net loss per share for full year 2022 is expected to be in the range of $(0.83) and $(0.80), assuming weighted average common shares outstanding of 72.5 million.
  • GAAP operating loss was $(25.9) million for the fourth quarter of 2021, compared to $(9.7) million for the fourth quarter of 2020.

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 2021

Historical avgQ4 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

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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