APPN
Appian Corp Information Technology Services-Prepackaged Software Russell 3000
$49.10Close
$3.6BMarket cap
$18.72 – $52.3552-week range
Nov 5, 2026Next report · before the open
Highlights
Strengths
- In a stage-2 uptrend all 8 trend conditions pass
- Leading the market RS 98 · stronger than 98% of stocks over 12 months
Cautions
- Results soon Nov 5, 2026, in 4 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
6%
1wk
down 6.2%
price change
1mo
up 39.2%
price change
12-month return
up 65%
market up 11% ·
its own up 54%
F-score
7 / 9
Strong
Altman Z″
-2.30
Elevated risk
P/E
2947.3×
price / earnings
PEG
—
P/E / EPS growth
P/B
—
price / book
Earnings yield
0.0%
EBIT / enterprise value
Cheaper than
29%
of the market · expensive
Revenue growth
up 18%
year on year
EPS growth
—
latest quarter
Sales growth
up 19%
latest quarter · -2 pts
ROE
—
return on equity
Free cash margin
up 8%
$59.6M FCF
D/E
—
long-term debt / equity
Net debt / EBITDA
9.3×
Interest cover
—EBIT / interest
Piotroski tests
- short-term liquidity weakened
- gross margin narrowed
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- reduced long-term debt
- no new shares issued
- assets working harder
Trade setup
ATR%
5.6%
$2.76 a day · 2×ATR $43.58
RS
98 / 99
vs the universe
Trend
8 / 8
trend template
Relative volume
0.8×
vs 50-day average
Up/down volume
1.10
50 sessions
Implied move
—
no option chain · report Nov 5, 2026
Trend template · 8 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Liabilities exceed assets Shareholders' equity is negative at -$47.0M as of Dec 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Heavily indebted Net debt is 9.3 times EBITDA — roughly 9 years of earnings before interest, tax and depreciation to repay borrowings in full.
Last reported
Aug 6, 2026
Last shock
Jul 22, 2026-11% in one session2.1× volumeno filing matched+117% since
Financials
- Gross 73%
- Net 0%
- Free cash 8%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $304.6M | $369.3M | $468.0M | $545.4M | $617.0M | $726.9M |
| Gross margin | 71% | 72% | 72% | 71% | 73% | 73% |
| Operating income | -$37.9M | -$83.9M | -$145.0M | -$108.0M | -$60.9M | $609,000 |
| Net income | -$33.5M | -$88.6M | -$150.9M | -$111.4M | -$92.3M | $1.2M |
| Net margin | -11% | -24% | -32% | -20% | -15% | 0% |
| Earnings per share | -$0.48 | -$1.25 | -$2.08 | -$1.52 | -$1.26 | $0.02 |
| Free cash flow | -$8.9M | -$60.0M | -$115.6M | -$120.1M | $3.1M | $59.6M |
| Free cash margin | -3% | -16% | -25% | -22% | 0% | 8% |
| Cash | $112.5M | $100.8M | $148.1M | $149.4M | $118.6M | $135.8M |
| Long-term debt | — | $0 | $115.4M | $140.2M | $240.8M | $231.2M |
| Shareholders' equity | $296.6M | $233.9M | $145.7M | $52.3M | -$32.6M | -$47.0M |
| Shares outstanding | — | — | — | — | 74m | 74m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 6, 2026 | Quarterly ↗ | Jun 30, 2026 | 37d |
| May 7, 2026 | Quarterly ↗ | Mar 31, 2026 | 37d |
| Feb 19, 2026 | Annual ↗ | Dec 31, 2025 | 50d |
| Nov 6, 2025 | Quarterly ↗ | Sep 30, 2025 | 37d |
| Aug 7, 2025 | Quarterly ↗ | Jun 30, 2025 | 38d |
| May 8, 2025 | Quarterly ↗ | Mar 31, 2025 | 38d |
| Feb 19, 2025 | Annual ↗ | Dec 31, 2024 | 50d |
| Nov 7, 2024 | Quarterly ↗ | Sep 30, 2024 | 38d |
| Aug 1, 2024 | Quarterly ↗ | Jun 30, 2024 | 32d |
| May 2, 2024 | Quarterly ↗ | Mar 31, 2024 | 32d |
| Feb 15, 2024 | Annual ↗ | Dec 31, 2023 | 46d |
| Nov 2, 2023 | Quarterly ↗ | Sep 30, 2023 | 33d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 6, 2026 | Results ↗ |
| Jun 8, 2026 | Shareholder vote ↗ |
| May 7, 2026 | Results · Other events ↗ |
| Feb 19, 2026 | Results · Other events ↗ |
| Jan 21, 2026 | Director or officer change ↗ |
| Nov 6, 2025 | Results ↗ |
| Oct 2, 2025 | Director or officer change ↗ |
| Aug 29, 2025 | Other events ↗ |
| Aug 7, 2025 | Results ↗ |
| Jun 5, 2025 | Shareholder vote ↗ |
| May 28, 2025 | Other events ↗ |
| May 8, 2025 | Results ↗ |