APPN Stock Analysis: Appian | NASDAQ

Process Automation, Low-Code Development, Artificial Intelligence, Process Mining

Total Rating 51

Safety 32

Buy Signal 0.82

Software - Infrastructure
Industry Rotation: +6.7

Market Cap: 2.63B
Avg Turnover: 29.7M

Risk 3d forecast

Volatility54.3%

VaR 5^th Pctl9.05%

VaR vs Median1.10%

Reward TTM

Sharpe Ratio0.58

Rel. Str. IBD90.3

Rel. Str. Peer Group76.1

Character TTM

Beta1.279

Beta Downside1.554

Hurst Exponent0.451

Drawdowns 3y

Max DD58.98%

CAGR/Max DD-0.08

CAGR/Mean DD-0.17

EPS (Earnings per Share)

Last SUE: 1.05
Qual. Beats: 1

Revenue

Rev. CAGR: 15.99%
Rev. Trend: 99.4%

Last SUE: 1.99
Qual. Beats: 9

Warnings

Negative Equity With Losses

High Debt/EBITDA With Thin Interest Coverage

Interest Coverage Ratio Critical

Altman Z'' In Financial Distress Zone

Below Avwap Earnings

Tailwinds

Rs Leader

Idiosyncratic Leader

Seasonality 9.3 years of data

Jan +9.7% 28

Feb -0.2% 0

Mar -6.9% 13

Apr -7.5% 36

May +11.2% 10

Jun +5.3% 26

Jul +4.5% 23

Aug +8.2% 6

Sep -4.0% 30

Oct -0.7% 11

Nov -1.3% 2

Dec -9.6% 19

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: APPN Appian

Appian Corporation is a U.S.-based enterprise software company that develops The Appian Platform, an integrated low-code automation platform used by organizations to design, automate, and optimize business processes. The company operates across 16 countries, with the United States as its home market, and serves clients in financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation. Its revenue model is built primarily on cloud subscriptions bundled with maintenance and support, license subscriptions, and professional services.

Appians platform combines several technologies, including artificial intelligence, process automation, data fabric, process mining, intelligent document processing, and case management. It also offers industry-specific solutions such as federal acquisition management, public sector case management, e-procurement, contract lifecycle management, and insurance underwriting and claims processing. The company has an ongoing collaboration with Deloitte to co-develop AI-powered policing solutions.

Founded in 1999 and headquartered in McLean, Virginia, Appian has been publicly traded on the NASDAQ since its May 2017 IPO. As a member of the GICS Systems Software sub-industry, it competes within the enterprise low-code application platform (LCAP) and business process automation (BPA) segments, markets that have grown in demand as organizations pursue digital transformation and workflow automation.

Headlines to Watch Out For

Subscription revenue growth accelerates cloud transition
Federal contract wins expand public sector backlog
AI and Deloitte partnership drives enterprise automation demand

Piotroski VR-10 (Strict) 4.5

Net Income: -10.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.13 > 0.02 and ΔFCF/TA 5.32 > 1.0
NWC/Revenue: -0.23% < 20% (prev 9.78%; Δ -10.01% < -1%)
CFO/TA 0.14 > 3% & CFO 80.8m > Net Income -10.6m
Net Debt (186.8m) to EBITDA (24.6m): 7.59 < 3
Current Ratio: 1.00 > 1.5 & < 3
Outstanding Shares: last quarter (72.9m) vs 12m ago -1.76% < -2%
Gross Margin: 73.08% > 18% (prev 76.34%; Δ -3.27% > 0.5%)
Asset Turnover: 135.2% > 50% (prev 111.4%; Δ 23.85% > 0%)
Interest Coverage Ratio: 0.70 > 6 (EBIT TTM 12.8m / Interest Expense TTM 18.2m)

Altman Z'' -3.51

A: -0.00 (Total Current Assets 410.0m - Total Current Liabilities 411.8m) / Total Assets 585.7m
B: -1.07 (Retained Earnings -624.3m / Total Assets 585.7m)
C: 0.02 (EBIT TTM 12.8m / Avg Total Assets 588.2m)
D: -0.15 (Book Value of Equity -105.2m / Total Liabilities 690.9m)
Altman-Z'' = -3.51 = D

Beneish M -2.89

DSRI: 0.94 (Receivables 171.2m/151.2m, Revenue 795.3m/657.8m)
GMI: 1.04 (GM 76.34% / 73.08%)
AQI: 1.02 (AQ_t 0.20 / AQ_t-1 0.19)
SGI: 1.21 (Revenue 795.3m / 657.8m)
TATA: -0.16 (NI -10.6m - CFO 80.8m) / TA 585.7m)
Beneish M = -2.89 (Cap -4..+1) = A

What is the price of APPN shares?

As of October 07, 2026, the stock is trading at USD 37.25 with a total of 793,763 shares traded. Over the past week, the price has changed by +5.43%, over one month by +7.72%, over three months by +52.79% and over the past year by +23.75%.

Current recommended Stop Loss: 34.60 (which is 7.1% or 1.3 ATR below the current price).

Is APPN a buy, sell or hold?

Appian has received a consensus analysts rating of 3.14. Therefore, it is recommended to hold APPN.

StrongBuy: 1
Buy: 0
Hold: 5
Sell: 1
StrongSell: 0

What are the forecasts/targets for the APPN price?

Analysts Target Price	34	-8.7%

Appian (APPN) - Fundamental Data Overview as of 06 October 2026

Market Cap USD = 2.63b (2.63b USD * 1.0 USD.USD)
P/E Forward = 416.6667
P/S = 3.3035
P/B = 42.8248
Revenue TTM = 795.3m USD
EBIT TTM = 12.8m USD
EBITDA TTM = 24.6m USD
Long Term Debt = 226.4m USD (from longTermDebt, last quarter)
Short Term Debt = 23.8m USD (from shortTermDebt, last quarter)
Debt = 354.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 59.3m
Net Debt = 186.8m USD (calculated: Debt 354.6m - CCE 167.9m)
Enterprise Value = 2.81b USD (2.63b + Debt 354.6m - CCE 167.9m)
Interest Coverage Ratio = 0.70 (Ebit TTM 12.8m / Interest Expense TTM 18.2m)
EV/FCF = 36.67x (Enterprise Value 2.81b / FCF TTM 76.7m)
FCF Yield = 2.73% (FCF TTM 76.7m / Enterprise Value 2.81b)
FCF Margin = 9.65% (FCF TTM 76.7m / Revenue TTM 795.3m)
Net Margin = -1.34% (Net Income TTM -10.6m / Revenue TTM 795.3m)
Gross Margin = 73.08% ((Revenue TTM 795.3m - Cost of Revenue TTM 214.1m) / Revenue TTM)
Gross Margin QoQ = 71.21% (prev 73.09%)
Tobins Q-Ratio = 4.80 (Enterprise Value 2.81b / Total Assets 585.7m)
Interest Expense / Debt = 5.12% (Interest Expense 18.2m / Debt 354.6m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 10.1m (EBIT 12.8m * (1 - 21.00%))
Current Ratio = 1.00 (Total Current Assets 410.0m / Total Current Liabilities 411.8m)
Debt / Equity = -3.37 (negative equity) (Debt 354.6m / totalStockholderEquity, last quarter -105.2m)
Debt / EBITDA = 7.59 (Net Debt 186.8m / EBITDA 24.6m)
Debt / FCF = 2.43 (Net Debt 186.8m / FCF TTM 76.7m)
Total Stockholder Equity = -64.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.81% (Net Income -10.6m / Total Assets 585.7m)
RoE = 16.36% (negative equity) (Net Income TTM -10.6m / Total Stockholder Equity -64.9m)
RoCE = 7.93% (EBIT 12.8m / Capital Employed (Equity -64.9m + L.T.Debt 226.4m))
RoIC = 6.41% (NOPAT 10.1m / Invested Capital 157.9m)
WACC = 9.71% (E(2.63b)/V(2.98b) * Re(10.48%) + D(354.6m)/V(2.98b) * Rd(5.12%) * (1-Tc(0.21)))
Discount Rate = 10.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 38.63 | Cagr: -0.25%
[DCF] Terminal Value 73.68% ; FCFF base≈64.4m ; Y1≈73.9m ; Y5≈108.7m
[DCF] Fair Price = 27.92 (EV 1.32b - Net Debt 186.8m = Equity 1.13b / Shares 40.5m; r=9.71% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.05 | # QB: 1
Revenue Correlation: 99.42 | Revenue CAGR: 15.99% | SUE: 1.99 | # QB: 9
EPS current Quarter (2026-09-30): EPS=0.33 | Chg30d=+0.00% | Revisions=+0% | Analysts=7
EPS current Year (2026-12-31): EPS=1.08 | Chg30d=+0.00% | Revisions=+67% | GrowthEPS=+77.3% | GrowthRev=+16.9%
EPS next Year (2027-12-31): EPS=1.42 | Chg30d=+0.00% | Revisions=+70% | GrowthEPS=+31.1% | GrowthRev=+10.8%
[Analyst] Revisions Ratio: +59% (up=16, down=3)