The Tip Desk

APPIAN CORP

Company Stats

Market Cap
$2.5B
as of Sep 30, 2026
Enterprise Value
$2.6B
Shares Outstanding
71.6M
Free Float
32.8%

Income Statement

Revenue
$726.9M
Operating Income
$609,000
Net Income
$1.2M
EBITDA
$9.1M
Revenue Growth, 3Y
15.8%
FCF Margin, 3Y Avg
-4.4%
FCF Margin, Worst Year
-22.0%

Cash Flow

Free Cash Flow
$59.6M
FCF Yield
2.4%
Owner FCF Yield
0.7%

Balance Sheet

Cash & Equivalents
$135.8M
Total Debt
$241.6M
Net Debt
$105.8M
Net Debt / EBITDA
11.61x
EV / EBITDA
288.95x
Net Debt / EBIT
173.65x

Returns & Capital

Share Repurchases
$20.0M
Buyback Yield, 3Y Avg
0.9%
SBC, 3Y Avg
$41.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$726.9M$59.6M8.2%
FY2024$617.0M$3.1M0.5%
FY2023$545.4M-$120.1M-22.0%
FY2022$468.0M-$115.6M-24.7%
FY2021$369.3M-$60.0M-16.2%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage