APPIAN CORP (APPN) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

APPIAN CORP (APPN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

APPIAN CORP FY2025 10-K Analysis

Business Overview

  • Core business: Scalable process automation platform integrating AI, RPA, intelligent document processing, unified data fabric, and enterprise-grade controls
  • New emphasis on AI integration as embedded digital worker with strict controls, moving beyond AI as assistant role
  • Strategic shift toward accelerating AI adoption and expanding international footprint, generating 38% revenue outside U.S. in 2025
  • Customer base paying >$1M annual recurring revenue grew 22% from 115 (2024) to 140 (2025) under refined customer definition
  • Workforce count at 2,149 employees globally as of December 31, 2025, supporting growth and platform innovation initiatives

Management Discussion & Analysis

  • Revenue and profitability details not provided in the MD&A excerpt
  • No segment performance data included in the text provided
  • Cash flow, buybacks, dividends, capex information not disclosed
  • Forward-looking statements noted but no specific guidance or emerging risks detailed

Risk Factors

  • Legal risk from ongoing litigation with Pegasystems, driving a $5.8 million increase in 2025 legal fees
  • Geopolitical exposure in U.S. federal government sector, accounting for 25.3% of 2025 revenue
  • Operational risk from reliance on third-party managed hosting providers, causing $13.0 million hosting cost rise in 2025
  • Competitive threat from strategic partners (Accenture, Deloitte, PwC) who build competing pre-built solutions on Appian’s platform
  • Financial risk due to long sales cycles: sales reps take 6-12 months to become productive, impacting customer acquisition efficiency

APPIAN CORP FY2025 Key Financial Metrics
XBRL

Revenue

$727M

+17.8% YoY

Net Income

$1M

+101.3% YoY

Gross Margin

72.5%

-312bp YoY

Operating Margin

0.1%

+995bp YoY

Net Margin

0.2%

+1512bp YoY

ROE

-2.6%

-28529bp YoY

Total Assets

$691M

+11.3% YoY

EPS (Diluted)

$0.02

+101.6% YoY

Operating Cash Flow

$63M

+814.1% YoY

Source: XBRL data from APPIAN CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.

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