Software firm Appian Q2 revenue beats estimates

Appian

07/08/2025 12:14

Overview

Appian Q2 total revenue grows 17% yr/yr, beating analyst expectations

Cloud subscriptions revenue rises 21% yr/yr to $106.9 mln

GAAP net loss narrows to $0.3 mln from $43.6 mln last year

Outlook

Appian expects Q3 cloud subscriptions revenue between $109 mln and $111 mln

Company sees Q3 total revenue between $172 mln and $176 mln

Appian forecasts full-year cloud subscriptions revenue between $429 mln and $433 mln

Company anticipates full-year total revenue between $695 mln and $703 mln

Result Drivers

APPIAN AI - CEO attributes strong financial results to Appian AI driving higher prices and a larger sales pipeline

CLOUD SUBSCRIPTIONS - Cloud subscriptions revenue increased 21% yr/yr to $106.9 mln, with a retention rate of 111%

PROFESSIONAL SERVICES - Professional services revenue grew 13% yr/yr to $38.0 mln

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$170.64 mln
$160.10 mln (6 Analysts)
Q2 Net Income
-$312,000
Q2 Gross Profit
$126.72 mln
Q2 Operating Expenses
$137.70 mln
Q2 Operating Profit
-$10.98 mln
Q2 Pretax Profit
$1.26 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 $35.00, about 23% above its August 6 closing price of $26.95

The stock recently traded at 74 times the next 12-month earnings vs. a P/E of 110 three months ago

Press Release: ID:nGNX9WhcSc

(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.)