Appian Announces First Quarter 2025 Financial Results

Core Insights - Appian reported a 15% year-over-year increase in cloud subscriptions revenue, reaching $99.8 million, and generated operating cash flow of $45.0 million for Q1 2025 [1][4] - The company achieved its third consecutive quarter of positive adjusted EBITDA, indicating improved operational efficiency [1][4] Financial Highlights - Total subscriptions revenue, including cloud and on-premises licenses, rose 14% year-over-year to $134.4 million [4] - Professional services revenue remained flat at $32.1 million compared to Q1 2024 [4] - Total revenue increased by 11% year-over-year to $166.4 million [4] - The cloud subscriptions revenue retention rate was reported at 112% as of March 31, 2025 [4] Operating Performance - GAAP operating loss narrowed to $(0.8) million from $(19.5) million in Q1 2024 [4] - Non-GAAP operating income was $14.3 million, a significant improvement from a non-GAAP operating loss of $(3.7) million in the same quarter last year [4] - GAAP net loss decreased to $(1.2) million from $(32.9) million in Q1 2024, with net loss per share improving to $(0.02) from $(0.45) [4][21] Cash Flow and Investments - Net cash provided by operating activities was $45.0 million for the three months ended March 31, 2025, compared to $18.9 million for the same period in 2024 [4][27] - The company reported an increase in cash and cash equivalents to $134.982 million as of March 31, 2025, up from $118.552 million at the end of 2024 [18][27] Future Guidance - For Q2 2025, cloud subscriptions revenue is expected to be between $101.0 million and $103.0 million, reflecting a year-over-year growth of 14% to 16% [4] - Full-year 2025 guidance anticipates total revenue between $680.0 million and $688.0 million, representing a year-over-year increase of 10% to 12% [10]