Last 37 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Appian Corporation's quarterly P/E stands at 76.4x.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 1333.50 | 76.42 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.71 | 3.05 | 3.25 | 3.21 | 3.66 | 4.01 | 3.81 | 4.89 | 4.75 | 6.09 | 6.81 | 5.98 | 4.70 |
| — | -24.0% | -14.8% | -34.4% | -23.0% | -34.1% | -44.0% | -18.3% | +1.0% | -3.1% | -12.6% | -37.8% | -57.5% | |
| P/B Ratio | — | — | — | — | — | — | — | — | 52.75 | 49.01 | 43.12 | 27.78 | 16.25 |
| — | — | — | — | — | — | — | — | +224.7% | +186.3% | +157.9% | +53.6% | -18.3% | |
| P/FCF | 33.14 | 31.56 | — | 12.04 | 45.64 | — | — | 43.92 | — | — | — | — | — |
| — | — | — | -72.6% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 3494.04 | 39.51 | — | 358.56 | 87.15 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 3494.04 | 42.40 | 91.64 | 118.39 | — | 124.93 | — | — | — | — | — | — | — |
| — | -66.1% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Appian Corporation's operating margin was 7.0% in Q3 2025, up 13.4 pp QoQ and up 11.7 pp YoY. The trailing four-quarter average of 0.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.5% | 75.8% | 74.3% | 76.6% | 78.6% | 75.9% | 73.1% | 74.6% | 76.4% | 73.7% | 71.2% | 73.3% | 72.0% |
| — | -0.2% | +1.6% | +2.6% | +2.9% | +3.0% | +2.7% | +1.8% | +6.1% | +3.3% | +2.0% | +0.5% | -1.5% | |
| Operating Margin | 0.1% | 7.0% | -6.4% | -0.5% | 3.0% | -4.6% | -26.8% | -13.0% | -11.6% | -11.1% | -31.8% | -26.1% | -32.3% |
| — | +250.9% | +75.9% | +96.2% | +126.1% | +58.1% | +15.9% | +50.0% | +64.1% | +65.4% | +18.0% | -24.9% | -30.7% | |
| Net Margin | 0.2% | 4.2% | -0.2% | -0.7% | -8.2% | -1.4% | -29.8% | -22.0% | -6.9% | -16.2% | -33.2% | -27.2% | -27.4% |
| — | +407.0% | +99.4% | +96.8% | -18.9% | +91.6% | +10.2% | +19.3% | +74.8% | +56.5% | +26.0% | -34.4% | -11.1% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -154.3% | -16.6% | -29.9% | -43.0% | -28.1% | -21.6% |
| — | — | — | — | — | — | — | -449.0% | +23.1% | -28.5% | -95.1% | -189.3% | -104.9% | |
| ROA | 0.2% | 1.3% | -0.1% | -0.2% | -2.3% | -0.4% | -7.6% | -5.4% | -1.6% | -3.7% | -6.7% | -5.9% | -6.6% |
| — | +442.2% | +99.3% | +96.4% | -42.6% | +89.7% | -12.5% | +9.4% | +75.1% | +61.4% | +33.6% | -29.3% | -26.8% | |
| ROIC | 0.3% | 7.1% | -5.7% | -0.4% | 2.3% | -3.3% | -19.6% | -9.0% | -6.4% | -5.7% | -16.1% | -14.2% | -16.8% |
| — | +317.1% | +70.8% | +95.5% | +135.5% | +41.8% | -21.6% | +36.4% | +62.1% | +63.5% | +5.7% | -51.1% | -62.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Appian Corporation's Debt/EBITDA ratio is 19.7x — elevated, raising questions about debt serviceability.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | 5.30 | 4.09 | 3.45 | 2.36 | 1.26 |
| — | — | — | — | — | — | — | — | +319.5% | +1077.1% | +1182.0% | +919.4% | +419.3% | |
| Debt / EBITDA | 476.36 | 19.69 | — | 193.76 | 41.67 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.15 | 1.19 | 1.19 | 1.25 | 1.23 | 1.21 | 1.24 | 1.33 | 1.12 | 1.19 | 1.34 | 1.46 | 1.56 |
| — | -1.7% | -4.4% | -6.0% | +10.0% | +1.3% | -7.7% | -8.9% | -28.6% | -10.2% | -9.6% | -11.2% | -0.3% | |
| Quick Ratio | 1.15 | 1.19 | 1.19 | 1.25 | 1.23 | 1.21 | 1.24 | 1.33 | 1.12 | 1.19 | 1.34 | 1.46 | 1.56 |
| — | -1.7% | -4.4% | -6.0% | +10.0% | +1.3% | -7.7% | -8.9% | -28.6% | -10.2% | -9.6% | -11.2% | -0.3% | |
| Interest Coverage | 0.03 | 2.47 | -2.07 | -0.16 | 0.89 | -1.16 | -6.42 | -3.46 | -3.32 | -3.09 | -8.55 | -11.31 | -27.99 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 37 years · Updated daily
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Start ComparisonAppian Corporation's current P/E is 1333.5x. The average P/E over the last 1 quarters is 76.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Appian Corporation's current operating margin is 0.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Appian Corporation's business trajectory between earnings reports.