Appian Corporation (APPN) AI Stock Analysis

Headquartered in McLean, Virginia, Appian Corporation is a provider of low-code process automation platforms. The company's flagship offering, The Appian Platform, provides workflow management, artificial intelligence, robotic process automation, data fabric, and process mining capabilities. Designed to empower organizations, the platform allows businesses to design, automate, and optimize complex processes and operations. Appian also offers professional services, including consultation, implementation, training, and customer support. The company serves clients across financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation.

Appian expanded revenue from $369.3M in FY2021 to $726.9M in FY2025, recording a 5-year revenue CAGR of 19.0% from FY2020 to FY2025. Annual revenue growth was 17.8% in FY2025, up from 13.1% in FY2024. Operating margin improved from -22.7% in FY2021 to 0.1% in FY2025, resulting in net income of $1.2M and EPS of $0.46. For the trailing twelve months ended June 30, 2026, revenue reached $795.3M with quarterly revenue growth of 19.1% year-over-year. TTM operating margin was 0.4%, while TTM profit margin stood at -1.3% with an EPS of -$0.14.

As of June 30, 2026, Appian held $167.9M in cash and short-term investments against total debt of $295.3M, resulting in net debt of $127.5M. Total assets stood at $585.7M, and the current ratio was 1.00. The company reported negative shareholders' equity of -$105.2M. In FY2025, operating cash flow was $62.9M and free cash flow reached $59.6M. Capital expenditures were $3.3M, and Appian spent $20.0M on share buybacks.

Appian trades at a forward P/E of 416.7x, higher than the 18.8x median of its US-listed Technology peers. Its price-to-sales ratio is 3.7x compared to the peer median of 2.8x, and its EV-to-EBITDA multiple is 127.5x versus the peer median of 16.6x. The company's enterprise value is $2.85B against a market cap of $2.95B. Over the past year, APPN gained 48.1%, outperforming the S&P 500 (SPY) return of 16.8%, though its 5-year return of -55.2% trailed the index's 83.0% return.

Wall Street analyst coverage consists of 1 Strong Buy, 0 Buy, 5 Hold, 1 Sell, and 0 Strong Sell ratings. The mean price target of $34.80 is 15.5% below the last close of $41.17. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $849.9M and EPS of $1.08. Appian delivered EPS beats in all 4 of its last 4 quarters, and its next earnings date is November 5, 2026.

This page is an AI-written research summary of Appian Corporation (APPN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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