Appian Corp Reports Strong Financial Results for Q4 and Full Year 2025

Appian Corporation (Nasdaq: APPN), a leading provider of low-code automation solutions, announced its financial results for the fourth quarter and full year ended December 31, 2025. The company showcased notable growth across its revenue streams, demonstrating resilience in a competitive marketplace.

In Q4 2025, Appian reported a cloud subscriptions revenue of $117.0 million, marking an 18% increase from the same period in 2024. Total subscriptions revenue, which encompasses cloud subscriptions, license subscriptions, and maintenance and support, reached $162.3 million, reflecting a 19% year-over-year growth. Professional services revenue was particularly strong, amounting to $40.6 million, a 36% increase compared to Q4 2024. Overall, total revenue for the quarter was $202.9 million, up 22% year-over-year.

Despite the revenue growth, Appian reported a GAAP operating loss of $(0.7) million, a decline from a GAAP operating income of $5.0 million in Q4 2024. However, the company’s non-GAAP operating income was $17.4 million, slightly down from $18.7 million in the previous year.

Appian's GAAP net loss for the fourth quarter was $(5.1) million, an improvement from a loss of $(13.6) million in Q4 2024. The GAAP net loss per share was $(0.07), compared to $(0.18) for the same quarter last year. Non-GAAP net income stood at $11.1 million with a non-GAAP net income per share of $0.15, down from $13.2 million and $0.18, respectively, in Q4 2024.

Adjusted EBITDA for the fourth quarter was $19.7 million, a decrease from $21.2 million in Q4 2024. Furthermore, net cash provided by operating activities was $1.1 million, significantly lower than $13.9 million from the previous year.

For the full year 2025, Appian reported cloud subscriptions revenue of $437.4 million, up 19% compared to 2024. Total subscriptions revenue saw an 18% increase, reaching $576.5 million. Professional services revenue was $150.5 million, a substantial increase from $126.5 million in 2024. Overall, total revenue for the year reached $726.9 million, marking an 18% growth year-over-year.

For the full year, Appian achieved a GAAP operating income of $0.6 million, a significant turnaround from the $(60.9) million operating loss in 2024. Non-GAAP operating income soared to $67.1 million, compared to $10.2 million in the prior year.

Appian reported a GAAP net income of $1.2 million for the full year 2025, a stark contrast to the $(92.3) million net loss recorded in 2024. This translated to a basic and diluted net income per share of $0.02, compared to a $(1.26) loss per share in the previous year. Non-GAAP net income was reported at $45.6 million, improving from a non-GAAP net loss of $(9.4) million in 2024.

The company’s adjusted EBITDA for the full year was $76.8 million, significantly higher than $20.3 million in 2024. Furthermore, Appian ended the year with total cash, cash equivalents, and investments of $187.2 million. Net cash provided by operating activities for the full year was $62.9 million, a notable increase from $6.9 million in 2024.

Appian Corporation's fourth quarter and full year 2025 results highlight a robust recovery and growth trajectory, particularly in its core cloud subscription services. With significant improvements in both revenue and profitability metrics, the company is poised to leverage its strong balance sheet and growing market demand for low-code automation solutions, setting a positive outlook for future quarters.