Appian Q1 revenue beats estimates on cloud subscriptions growth

Appian

07/05/2026 12:21

Overview

Process automation tech firm's Q1 revenue rose 21%, beating analyst expectations

Adjusted EPS for Q1 beat consensus

Cloud subscriptions and professional services revenue both saw double-digit growth

Outlook

Appian expects Q2 cloud subscriptions revenue between $126 mln and $128 mln

Company sees Q2 total revenue between $191 mln and $195 mln

Appian forecasts full-year adjusted EBITDA between $97 mln and $105 mln

Result Drivers

CLOUD SUBSCRIPTIONS GROWTH - Cloud subscriptions revenue rose 25% year-over-year, supporting overall revenue growth

PROFESSIONAL SERVICES DEMAND - Professional services revenue increased 31% year-over-year

RECURRING REVENUE EXPANSION - Cloud net annualized recurring revenue expansion was 115% as of March 31, 2026

Company press release: ID:nGNX3x1hnX

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$202.20 mln
$191.46 mln (6 Analysts)
Q1 Adjusted EPS
Beat
$0.27
$0.18 (7 Analysts)
Q1 Net Income
-$1.53 mln
Q1 Gross Profit
$147.77 mln
Q1 Operating Expenses
$144.61 mln
Q1 Operating Profit
$3.16 mln
Q1 Pretax Profit
-$932,000


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "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 $25.00, about 7.9% above its May 6 closing price of $23.18

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 36 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)