Appian(APPN) - 2025 Q2 - Quarterly Results

Revenue Growth - Cloud subscriptions revenue increased 21% year-over-year to $106.9 million[4] - Total revenue rose 17% year-over-year to $170.6 million[4] - Professional services revenue was $38.0 million, up 13% compared to the second quarter of 2024[4] - Subscription revenue increased to $132.66 million in Q2 2025, up 17.4% from $112.97 million in Q2 2024[19] - Total revenue for Q2 2025 reached $170.64 million, a 16.5% increase from $146.45 million in Q2 2024[19] - Full Year 2025 guidance for total revenue is expected to be between $695.0 million and $703.0 million, representing a year-over-year increase of 13% to 14%[8] - Third Quarter 2025 guidance for cloud subscriptions revenue is expected to be between $109.0 million and $111.0 million, representing year-over-year growth of 16% to 18%[8] Profitability and Loss - GAAP operating loss improved to $(11.0) million from $(39.2) million in the second quarter of 2024[4] - Non-GAAP operating income was $5.6 million, compared to a loss of $(13.1) million in the same period last year[4] - Adjusted EBITDA was $8.1 million, compared to a loss of $(10.5) million for the second quarter of 2024[4] - Operating loss for Q2 2025 was $10.98 million, an improvement from a loss of $39.19 million in Q2 2024[19] - Net loss for the first half of 2025 was $1.49 million, significantly reduced from a loss of $76.52 million in the first half of 2024[19] - The net loss for the six months ended June 30, 2025, was $1,489 million, compared to a net loss of $76,515 million for the same period in 2024, indicating a significant improvement[27] - The operating loss for the six months ended June 30, 2025, was $11,818 million, which is an improvement from the operating loss of $58,729 million in the same period of 2024[26] - The net loss per share, basic and diluted, for the six months ended June 30, 2025, was $(0.02), compared to $(1.05) for the same period in 2024[26] Cash and Assets - Cash and cash equivalents at the end of Q2 2025 were $112.21 million, down from $118.55 million at the end of 2024[23] - Total assets decreased to $590.75 million as of June 30, 2025, from $621.04 million at the end of 2024[17] - Total liabilities were $644.49 million as of June 30, 2025, slightly down from $653.68 million at the end of 2024[17] - Stockholders' deficit increased to $53.74 million as of June 30, 2025, compared to $32.64 million at the end of 2024[17] Cost Management - Total operating expenses for the three months ended June 30, 2025, were $137,703 million, a decrease of 6.63% from the previous period[25] - The total cost of revenue for the six months ended June 30, 2025, was $82,839 million, a decrease of 3.87% from the previous year[25] - For the three months ended June 30, 2025, the total cost of revenue was $43,921 million, a decrease of 3.43% from the previous period[25] - The subscriptions cost of revenue for the six months ended June 30, 2025, was $32,048 million, reflecting a decrease of 1.38% from the previous year[25] - The professional services cost of revenue for the three months ended June 30, 2025, was $26,767 million, down from $28,122 million in the previous period, a decrease of 4.83%[25] Recognition and Awards - Appian was recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms[3]