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APPNAppian Corporation
$51.60$3.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
APPN logo

Appian Corporation

APPN
NASDAQ · DevOps & Observability
$51.60
At close - Nov 6, 4:00 PM EST - USD
Market Cap$3.82B
P/E-615.0x
52W High$56.38
Volume1.19M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Cloud Growth Amid Negative Equity

Appian's revenue growth accelerated to 19.1% YoY in 2026Q2, driven by cloud subscription strength, yet profitability remains elusive with operating margin at -2.7% and net losses persisting.

GrowthAccelerating
ProfitabilityStable
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

APPN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-3025% Peers

P/E is 3025% below peer median

03

Market leadership

RS 97 · Leader

High momentum (Outperforming 97% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
APPN+51.50%
S&P 500 (^GSPC)+7.63%
1-Year Return
APPN+34.52%
S&P 500 (^GSPC)+9.69%
3-Year Return
APPN+37.97%
S&P 500 (^GSPC)+61.55%
5-Year Return
APPN-47.41%
S&P 500 (^GSPC)+51.06%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-615.0x
Forward P/E
47.6x
EV/EBITDA0th %ile
142.5x
FCF YieldCash Flow
1.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-615.0x
N/A
N/A
EV/EBITDA
142.5x
276.7x
0th· Low
Price/FCF
98.7x
44.4x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$5.59-89.2%
Base (Fair)$9.31-82.0%
Bull$9.94-80.7%
$5.59 Bear$9.31 Base$9.94 Bull
Current Market Price: $51.60
Trades at a 454.2% premium to Base DCF ($9.31)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$727M+17.8% YoY
Net income FY25
$1M+101.3% YoY
Free cash flow FY25
$60M+1833.6% YoY
Operating margin FY25
0.1%+9.9 pts YoY
ROIC (FY25)0.3%
Avg ROIC 5Y-31.7%
ROE (FY25)-
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$0.51+53.7%
vs $0.33
$235M+8.2%
vs $217M
Q3 2026
Aug 6, 2026
$0.13+4120.8%
vs $0.00
$203M+5.1%
vs $193M
Q2 2026
May 7, 2026
$0.27+42.1%
vs $0.19
$202M+5.6%
vs $192M
Q1 2026
Feb 19, 2026
$0.15+66.7%
vs $0.09
$203M+7.2%
vs $189M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·1d ago
Appian Q3 Earnings Beat Estimates, Revenues Increase Y/Y

APPN's Q3'26 earnings and revenues beat estimates, fueled by strong subscription growth and AI adoption, prompting a higher 2026 outlook despite cash flow weakness.

Zacks Investment Research·1d ago
APPN Q3 Earnings Call Highlights AI Demand and Higher Outlook

Appian beats Q3 revenue and earnings estimates, raises its 2026 outlook as AI adoption accelerates, but operating cash outflows remain a concern.

Defense World·1d ago
Versus Systems (NASDAQ:VS) & Appian (NASDAQ:APPN) Head to Head Survey

Appian (NASDAQ: APPN - Get Free Report) and Versus Systems (NASDAQ: VS - Get Free Report) are both technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their valuation, risk, dividends, institutional ownership, analyst recommendations, profitability and earnings. Valuation and Earnings This table compares Appian and Versus

The Motley Fool·2d ago
Is Appian a Buy After Its Latest Earnings Report?

Appian beat estimates on top and bottom lines in the third quarter. The company now expects adjusted earnings per share to double this year.

Filtered for Appian CorporationMore Headlines
04

Compare before deciding

Benchmark APPN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Appian Corporation (APPN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
APPN logoAPPNAppian CorporationCurrent
$51.60$3.82B-615.0217.81%-0.72%——
PEGA logoPEGAPegasystems Inc.
$32.40$5.33B18.5416.61%16.86%45.3%0.26%
AGYS logoAGYSAgilysys, Inc.
$121.09$3.42B78.0115.85%12.88%13.28%—
OSPN logoOSPNOneSpan Inc.
$21.59$800.4M12.090%27.52%25.38%2.22%
NOW logoNOWServiceNow, Inc.
$101.97$105.42B73.6020.88%9.36%11.49%—
MSFT logoMSFTMicrosoft Corporation
$530.61$3.94T27.7017.79%41.17%33.21%0.67%

Compare APPN vs Peers

Appian Corporation (APPN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PEGA

Most directly comparable listed peer for APPN.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare APPN against a more recognizable public peer.

Peer Set

Compare Top 5

vs PEGA, AGYS, OSPN, NOW

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

APPN SEC Filings & Documents

Appian Corporation (APPN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jun 8, 2026·SEC

Material company update

May 7, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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APPN Frequently Asked Questions

Appian Corporation (APPN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Appian Corporation's revenue?

Appian Corporation (APPN) reported $842.9M in revenue over the trailing twelve months. Revenue was $726.9M in fiscal year 2025. That is 554% more than the $111.2M of fiscal year 2015.

How fast is Appian Corporation growing?

Appian Corporation (APPN) grew revenue by 22.0% over the trailing twelve months, compared with the twelve months before.

Is APPN profitable?

No. Appian Corporation (APPN) reported a net loss of $6.1M over the trailing twelve months.

Dividend & Returns
What is Appian Corporation's free cash flow?

Appian Corporation (APPN) generated $38.7M in free cash flow over the trailing twelve months.

What if you invested $1,000 in APPN back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →