Appian Announces Fourth Quarter and Full Year 2025 Financial Results

Core Insights - Appian reported a fourth quarter cloud subscriptions revenue increase of 18% year-over-year to $117.0 million and a full year increase of 19% to $437.4 million [1][6]. Fourth Quarter 2025 Financial Highlights - Total subscriptions revenue rose 19% year-over-year to $162.3 million, with professional services revenue increasing by 36% to $40.6 million [6]. - Total revenue for the fourth quarter was $202.9 million, reflecting a 22% increase compared to the same quarter in 2024 [6]. - Cloud net annualized recurring revenue (ARR) expansion was 114% as of December 31, 2025 [6]. - GAAP operating loss was $(0.7) million, while non-GAAP operating income was $17.4 million [6]. - GAAP net loss was $(5.1) million, with a net loss per share of $(0.07) [6]. - Adjusted EBITDA for the quarter was $19.7 million [6]. Full Year 2025 Financial Highlights - Full year cloud subscriptions revenue reached $437.4 million, up 19% from 2024 [6]. - Total subscriptions revenue increased 18% year-over-year to $576.5 million [6]. - Professional services revenue for the year was $150.5 million, compared to $126.5 million in 2024 [6]. - Total revenue for the year was $726.9 million, an 18% increase from 2024 [6]. - GAAP operating income was $0.6 million, a significant improvement from a $(60.9) million loss in 2024 [6]. - GAAP net income was $1.2 million, compared to a $(92.3) million loss in 2024 [6]. - Adjusted EBITDA for the year was $76.8 million [6]. Business Highlights - Appian secured an enterprise agreement with the US Army to support AI-powered transformation efforts [6]. - The company launched new AI capabilities aimed at automating complex workflows and accelerating application modernization [6]. - Appian recognized the 2025 Public Sector Partner Award winners [6]. - The New Zealand Police implemented Appian for case processing [6]. Financial Outlook - For the first quarter of 2026, cloud subscriptions revenue is expected to be between $119.0 million and $121.0 million, representing year-over-year growth of 19% to 21% [12]. - Total revenue for the first quarter is projected to be between $189.0 million and $193.0 million, indicating a year-over-year increase of 14% to 16% [12]. - For the full year 2026, cloud subscriptions revenue is anticipated to be between $502.0 million and $510.0 million, reflecting year-over-year growth of 15% to 17% [12].