Appian Q3 revenue up 21%, beats expectations

Appian

06/11/2025 12:13

Overview

Appian Q3 total revenue grows 21% yr/yr, beating analyst expectations

GAAP net income for Q3 was $7.8 mln, compared to a loss last year

Non-GAAP operating income rose to $29.8 mln from $8.3 mln last year

Outlook

Appian expects Q4 cloud subscriptions revenue between $115 mln and $117 mln

Company sees Q4 total revenue between $187 mln and $191 mln

Appian forecasts full-year cloud subscriptions revenue between $435 mln and $437 mln

Company expects full-year total revenue between $711 mln and $715 mln

Result Drivers

CLOUD SUBSCRIPTIONS - Cloud subscriptions revenue increased 21% yr/yr to $113.6 mln, driving overall revenue growth

PROFESSIONAL SERVICES - Professional services revenue rose 29% yr/yr to $39.8 mln, contributing to total revenue increase

OPERATING INCOME IMPROVEMENT - Transitioned from GAAP operating loss last year to GAAP operating income of $13.1 mln this year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$187.004 mln
$174.08 mln (6 Analysts)
Q3 Net Income
$7.83 mln
Q3 Gross Profit
$141.71 mln
Q3 Operating Expenses
$128.60 mln
Q3 Operating Profit
$13.11 mln
Q3 Pretax Profit
$9.20 mln


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 $33.00, about 11.1% above its November 5 closing price of $29.33

The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 76 three months ago

Press Release: ID:nGNX5H8sqc

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