NASDAQ$APPN
Appian Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Appian's Q4 2023 financial results were announced, showcasing revenue growth and improved profitability.
Appian reported a 16% increase in total revenue, reaching $145.3 million, with cloud subscription revenue up by 26% year-over-year. The company significantly reduced its operating loss and achieved its highest quarterly gross margin in its public history.
- Total revenue increased by 16% year-over-year to $145.3 million.
- Cloud subscription revenue grew by 26% year-over-year to $83.1 million.
- GAAP operating loss improved to $(16.8) million, compared to $(40.6) million in Q4 2022.
- GAAP net loss was $(10.0) million, an improvement from $(34.4) million in Q4 2022.
Headline financials
Revenue & EPS history
Appian · Revenue · Quarterly
$145M
Revenue by segment
Appian · $110M total across 2 segments · Q3 2023
- Cloud Subscriptions$77.2M+27.4%69.9%
- Professional Services$33.3M+6.0%30.1%
Forward guidance
Appian provided guidance for Q1 2024 and full year 2024, expecting continued growth in cloud subscription revenue and total revenue.
Tailwinds
- Cloud subscription revenue is expected to be between $84.0 million and $86.0 million for Q1 2024, representing year-over-year growth of 21% to 23%.
- Total revenue is expected to be between $148.0 million and $150.0 million for Q1 2024, representing a year-over-year increase of 9% to 11%.
- Cloud subscription revenue is expected to be between $364.0 million and $366.0 million for full year 2024, representing year-over-year growth of 20%.
- Total revenue is expected to be between $615.0 million and $617.0 million for full year 2024, representing a year-over-year increase of 13%.
- Adjusted EBITDA loss is expected to improve for both Q1 2024 and full year 2024 compared to previous periods.
Headwinds
- Adjusted EBITDA loss is expected to be between $(9.0) million and $(5.0) million for Q1 2024.
- Non-GAAP net loss per share is expected to be between $(0.21) and $(0.16) for Q1 2024.
- Adjusted EBITDA loss is expected to be between $(25.0) million and $(20.0) million for full year 2024.
- Non-GAAP net loss per share is expected to be between $(0.73) and $(0.66) for full year 2024.
- Guidance assumes weighted average common shares outstanding of 73.5 million for Q1 2024 and 73.8 million for full year 2024.
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 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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