(APPN) Appian - Overview

Sector: Technology | Industry: Software - Infrastructure | Exchange: NASDAQ (USA) | Market Cap: 1.783m USD | Total Return: -12.5% in 12m

Stock Software, Automation, Low-code, Cloud
Total Rating 37
Safety 33
Buy Signal -0.53
Software - Infrastructure +9.5
Systems Software +14.3
Market Cap: 1,783m
Avg Trading Vol: 14.8M USD
ATR: 4.98%
Peers RS (IBD): 55.7
Risk 5d forecast
Volatility48.6%
Rel. Tail Risk-7.40%
Reward TTM
Sharpe Ratio-0.15
Alpha-49.90
Character TTM
Beta1.969
Beta Downside2.990
Drawdowns 3y
Max DD58.47%
CAGR/Max DD-0.31
EPS (Earnings per Share) EPS (Earnings per Share) of APPN over the last years for every Quarter: "2021-03": -0.06, "2021-06": -0.24, "2021-09": -0.22, "2021-12": -0.16, "2022-03": -0.06, "2022-06": -0.46, "2022-09": -0.43, "2022-12": -0.28, "2023-03": -0.27, "2023-06": -0.39, "2023-09": -0.2, "2023-12": 0.06, "2024-03": -0.24, "2024-06": -0.26, "2024-09": 0.15, "2024-12": -0.1845, "2025-03": 0.13, "2025-06": 0.0039, "2025-09": 0.32, "2025-12": 0.15, "2026-03": 0,
EPS CAGR: 127.77%
EPS Trend: 81.0%
Last SUE: -1.19
Qual. Beats: 0
Revenue Revenue of APPN over the last years for every Quarter: 2021-03: 88.855, 2021-06: 82.999, 2021-09: 92.417, 2021-12: 104.988, 2022-03: 114.266, 2022-06: 110.063, 2022-09: 117.876, 2022-12: 125.786, 2023-03: 135.235, 2023-06: 127.715, 2023-09: 137.094, 2023-12: 145.319, 2024-03: 149.835, 2024-06: 146.45, 2024-09: 154.052, 2024-12: 166.685, 2025-03: 166.426, 2025-06: 170.64, 2025-09: 187.004, 2025-12: 202.867, 2026-03: null,
Rev. CAGR: 16.54%
Rev. Trend: 98.1%
Last SUE: 3.06
Qual. Beats: 7
Risks
Fundamental:

P/E ratio: 1205.5

Technicals: volatile
Description: APPN Appian

Appian Corporation provides a low-code development platform. This platform allows organizations to build applications and automate business processes with minimal manual coding. Low-code platforms reduce development time and costs for businesses.

The company offers cloud subscriptions, software licenses, and professional services. Its product suite includes artificial intelligence, data fabric, and process automation tools. These tools are critical for digital transformation initiatives across various industries.

Appian serves diverse sectors, including financial services, government, and healthcare. Its solutions address specific industry needs, such as contract lifecycle management and insurance claims processing. The software industry is characterized by recurring revenue models, often through subscriptions.

To further understand Appians market position and financial performance, consider exploring its detailed analytics on ValueRay.

Headlines to Watch Out For
  • Cloud subscription growth drives recurring revenue
  • Low-code platform adoption expands customer base
  • Professional services revenue impacts profitability
  • Competition in automation software market intensifies
Piotroski VR‑10 (Strict) 5.5
Net Income: 1.23m TTM > 0 and > 6% of Revenue
FCF/TA: 0.09 > 0.02 and ΔFCF/TA 8.63 > 1.0
NWC/Revenue: 9.26% < 20% (prev 13.09%; Δ -3.83% < -1%)
CFO/TA 0.10 > 3% & CFO 66.4m > Net Income 1.23m
Net Debt (209.6m) to EBITDA (37.0m): 5.66 < 3
Current Ratio: 1.15 > 1.5 & < 3
Outstanding Shares: last quarter (73.9m) vs 12m ago -0.08% < -2%
Gross Margin: 74.68% > 18% (prev 0.76%; Δ 7.39k% > 0.5%)
Asset Turnover: 110.8% > 50% (prev 99.35%; Δ 11.42% > 0%)
Interest Coverage Ratio: 1.31 > 6 (EBITDA TTM 37.0m / Interest Expense TTM 20.9m)
Altman Z'' -2.88
A: 0.10 (Total Current Assets 519.4m - Total Current Liabilities 452.1m) / Total Assets 691.4m
B: -0.88 (Retained Earnings -610.9m / Total Assets 691.4m)
C: 0.04 (EBIT TTM 27.3m / Avg Total Assets 656.2m)
D: -0.88 (Book Value of Equity -647.4m / Total Liabilities 738.4m)
Altman-Z'' Score: -2.88 = D
Beneish M -2.89
DSRI: 1.21 (Receivables 278.4m/195.1m, Revenue 726.9m/617.0m)
GMI: 1.01 (GM 74.68% / 75.66%)
AQI: 0.86 (AQ_t 0.16 / AQ_t-1 0.19)
SGI: 1.18 (Revenue 726.9m / 617.0m)
TATA: -0.09 (NI 1.23m - CFO 66.4m) / TA 691.4m)
Beneish M-Score: -2.89 (Cap -4..+1) = A
What is the price of APPN shares? As of April 05, 2026, the stock is trading at USD 24.11 with a total of 461,187 shares traded.
Over the past week, the price has changed by +5.57%, over one month by -9.03%, over three months by -27.52% and over the past year by -12.45%.
Is APPN a buy, sell or hold? Appian has received a consensus analysts rating of 3.13. Therefor, it is recommend to hold APPN.
  • StrongBuy: 1
  • Buy: 0
  • Hold: 6
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the APPN price?
Wallstreet Target Price 31 28.6%
Analysts Target Price 31 28.6%
APPN Fundamental Data Overview as of 02 April 2026
P/E Trailing = 1205.5
P/E Forward = 416.6667
P/S = 2.453
P/B = 53.977
Revenue TTM = 726.9m USD
EBIT TTM = 27.3m USD
EBITDA TTM = 37.0m USD
Long Term Debt = 231.2m USD (from longTermDebt, last quarter)
Short Term Debt = 22.8m USD (from shortTermDebt, last quarter)
Debt = 345.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 209.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.94b USD (1.78b + Debt 345.4m - CCE 187.2m)
Interest Coverage Ratio = 1.31 (Ebit TTM 27.3m / Interest Expense TTM 20.9m)
EV/FCF = 30.76x (Enterprise Value 1.94b / FCF TTM 63.1m)
FCF Yield = 3.25% (FCF TTM 63.1m / Enterprise Value 1.94b)
FCF Margin = 8.68% (FCF TTM 63.1m / Revenue TTM 726.9m)
Net Margin = 0.17% (Net Income TTM 1.23m / Revenue TTM 726.9m)
Gross Margin = 74.68% ((Revenue TTM 726.9m - Cost of Revenue TTM 184.0m) / Revenue TTM)
Gross Margin QoQ = 72.44% (prev 75.78%)
Tobins Q-Ratio = 2.81 (Enterprise Value 1.94b / Total Assets 691.4m)
Interest Expense / Debt = 1.42% (Interest Expense 4.90m / Debt 345.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 21.6m (EBIT 27.3m * (1 - 21.00%))
Current Ratio = 1.15 (Total Current Assets 519.4m / Total Current Liabilities 452.1m)
 Debt / Equity = -7.35 (negative equity) (Debt 345.4m / totalStockholderEquity, last quarter -47.0m)
 Debt / EBITDA = 5.66 (Net Debt 209.6m / EBITDA 37.0m)
Debt / FCF = 3.32 (Net Debt 209.6m / FCF TTM 63.1m)
Total Stockholder Equity = -45.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.19% (Net Income 1.23m / Total Assets 691.4m)
 RoE = -2.72% (negative equity) (Net Income TTM 1.23m / Total Stockholder Equity -45.3m)
 RoCE = 14.68% (EBIT 27.3m / Capital Employed (Equity -45.3m + L.T.Debt 231.2m))
RoIC = 10.79% (NOPAT 21.6m / Invested Capital 199.8m)
WACC = 11.00% (E(1.78b)/V(2.13b) * Re(12.91%) + D(345.4m)/V(2.13b) * Rd(1.42%) * (1-Tc(0.21)))
Discount Rate = 12.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.40%
[DCF] Terminal Value 60.76% ; FCFF base≈39.1m ; Y1≈28.0m ; Y5≈15.3m
 [DCF] Fair Price = N/A (negative equity: EV 192.3m - Net Debt 209.6m = -17.2m; debt exceeds intrinsic value)
 EPS Correlation: 81.03 | EPS CAGR: 127.8% | SUE: -1.19 | # QB: 0
Revenue Correlation: 98.15 | Revenue CAGR: 16.54% | SUE: 3.06 | # QB: 7
EPS next Quarter (2026-06-30): EPS=0.09 | Chg7d=+0.021 | Chg30d=+0.021 | Revisions Net=+4 | Analysts=7
EPS current Year (2026-12-31): EPS=0.89 | Chg7d=+0.117 | Chg30d=+0.117 | Revisions Net=+7 | Growth EPS=+45.4% | Growth Revenue=+11.5%
EPS next Year (2027-12-31): EPS=1.16 | Chg7d=+0.044 | Chg30d=+0.044 | Revisions Net=+2 | Growth EPS=+31.2% | Growth Revenue=+10.4%
[Analyst] Revisions Ratio: +0.67 (5 Up / 1 Down within 30d for Next Quarter)
External Resources
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