NASDAQ$APPN

Appian Corporation · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Appian reported strong Q4 2024 revenue growth with increased cloud subscription revenue and improved operating income.

Appian's Q4 2024 revenue increased by 15% year-over-year to $166.7 million, driven by 19% growth in cloud subscription revenue. The company reported a GAAP operating income of $5.0 million, a significant improvement from the prior year's loss. However, GAAP net loss widened to $13.6 million due to foreign currency exchange losses.

  • Total revenue grew 15% year-over-year to $166.7 million.
  • Cloud subscription revenue increased 19% to $98.9 million.
  • GAAP operating income reached $5.0 million, up from a loss of $16.8 million last year.
  • GAAP net loss widened to $13.6 million, impacted by foreign exchange losses.

Headline financials

Total Revenue

$167M

Previous: $145M+14.7%
EPS (adj)

$0.00

Previous: $0.06-100.0%
Free Cash Flow

$13.9M

No prior period
Net Income

-$13.6M

Previous: -$10M-36.5%
Operating Income

$5.03M

Previous: -$16.8M+129.9%
Gross Profit

$131M

Previous: $111M+18.0%

Revenue & EPS history

Appian · Revenue · Quarterly

$167M

Q4 2024+14.7%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Appian · $110M total across 2 segments · Q3 2023

  • Cloud Subscriptions
    $77.2M+27.4%
  • Professional Services
    $33.3M+6.0%

Forward guidance

Appian expects continued growth in cloud subscription revenue and total revenue in Q1 2025, while improving adjusted EBITDA.

Tailwinds

  • Cloud subscription revenue expected to grow 12% to 14% year-over-year.
  • Total revenue expected to increase 8% to 9% year-over-year.
  • Adjusted EBITDA projected between $8.0 million and $10.0 million.
  • Continued expansion in AI-driven process automation.
  • Strong customer retention with cloud subscription revenue retention at 116%.

Headwinds

  • Foreign exchange volatility remains a risk.
  • Non-GAAP net income per share guidance of only $0.02 to $0.05.
  • Professional services revenue growth remains slow.
  • Operating expenses remain high, impacting profitability.
  • Competitive pressures in low-code automation market.

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 2024

Historical avgQ4 2024

-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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