Appian Q4 revenue rises 22% on cloud subscriptions strength

Appian

19/02/2026 12:13

Overview

Process automation firm's Q4 revenue grew 22% yr/yr

GAAP net loss for Q4 was $5.1 mln, improving from last year

Company announced new AI capabilities and agreements with US Army and NZ Police

Outlook

Appian expects Q1 2026 cloud subscriptions revenue between $119.0 mln and $121.0 mln

Company forecasts full-year 2026 cloud subscriptions revenue between $502.0 mln and $510.0 mln

Appian anticipates Q1 2026 adjusted EBITDA between $19.0 mln and $22.0 mln

Result Drivers

CLOUD SUBSCRIPTIONS - Cloud subscriptions revenue rose 18% yr/yr to $117 mln, driving overall revenue growth

PROFESSIONAL SERVICES - Professional services revenue increased 36% yr/yr to $40.6 mln, contributing to total revenue growth

CLOUD ARR EXPANSION - Cloud net annualized recurring revenue expanded by 114% as of Dec 31, 2025, indicating strong demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$202.9 mln
$189 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Appian Corp is $38.00, about 57.9% above its February 18 closing price of $24.06

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 59 three months ago

Press Release: ID:nGNX7LCWG7

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)