APPN

Company Overview — What Does APPIAN CORP Do?

Appian Corporation provides low-code automation platform in the United States and internationally. The company's platform automates the creation of forms, workflows, data structures, reports, user interfaces, and other software elements that are needed to be manually coded. The company also offers professional and customer support services. It serves to financial services, government, life sciences, insurance, manufacturing, energy, healthcare, telecommunications, and transportation industries. The company was incorporated in 1999 and is headquartered in McLean, Virginia. APPIAN CORP (APPN) is classified as a small-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Matthew W. Calkins and employs approximately 2,310 people. With a market capitalization of $1.8B, APPN is one of the notable companies in the Technology sector.

APPIAN CORP (APPN) Stock Rating — Reduce (April 2026)

As of April 2026, APPIAN CORP receives a Reduce rating with a composite score of 36.2/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.APPN ranks #3,298 out of 4,446 stocks in our coverage universe. Within the Technology sector, APPIAN CORP ranks #387 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

APPN Stock Price and 52-Week Range

APPIAN CORP (APPN) currently trades at $20.00. The stock lost $1.34 (6.3%) in the most recent trading session. The 52-week high for APPN is $46.06, which means the stock is currently trading -56.6% from its annual peak. The 52-week low is $21.77, putting the stock -8.1% above its annual trough. Recent trading volume was 1.3M shares, reflecting moderate market activity.

Is APPN Overvalued or Undervalued? — Valuation Analysis

APPIAN CORP (APPN) carries a value factor score of 38/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 426.37x, compared to the Technology sector average of 45.27x — a premium of 842%. The price-to-sales ratio is 2.66x, compared to 1.06x for the average Technology stock. On an enterprise value basis, APPN trades at 495.62x EV/EBITDA, versus 12.79x for the sector.

At current multiples, APPIAN CORP trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

APPIAN CORP Profitability — ROE, Margins, and Quality Score

APPIAN CORP (APPN) earns a quality factor score of 36/100, signaling below-average profitability metrics relative to the broader market. Return on assets (ROA) comes in at 0.6% versus the sector average of -1.0%.

On a margin basis, APPIAN CORP reports gross margins of 75.6%, compared to 50.9% for the sector. The operating margin is -1.1% (sector: -0.5%). Net profit margin stands at 0.5%, versus -1.5% for the average Technology stock. Revenue growth is running at 27.7% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

APPN Debt, Balance Sheet, and Financial Health

Balance sheet data for APPN is evaluated through our stability factor. The current ratio is 1.15x, suggesting adequate working capital coverage. Total debt on the balance sheet is $241M. Cash and equivalents stand at $125M.

APPN has a beta of 0.94, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for APPIAN CORP is 48/100, reflecting average volatility within the normal range for its sector.

APPIAN CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, APPIAN CORP reported revenue of $678M and earnings per share (EPS) of $0.02. Net income for the quarter was $4M. Gross margin was 75.6%. Operating income came in at $-6M.

In FY 2025, APPIAN CORP reported revenue of $727M and earnings per share (EPS) of $0.02. Net income for the quarter was $1M. Gross margin was 72.5%. Revenue grew 17.8% year-over-year compared to FY 2024. Operating income came in at $609,000.

In Q3 2025, APPIAN CORP reported revenue of $187M and earnings per share (EPS) of $0.11. Net income for the quarter was $8M. Gross margin was 75.8%. Revenue grew 21.4% year-over-year compared to Q3 2024. Operating income came in at $13M.

In Q2 2025, APPIAN CORP reported revenue of $171M and earnings per share (EPS) of $0.00. Net income for the quarter was $-312,000. Gross margin was 74.3%. Revenue grew 16.5% year-over-year compared to Q2 2024. Operating income came in at $-11M.

Over the past 8 quarters, APPIAN CORP has demonstrated a growth trajectory, with revenue expanding from $146M to $678M. Investors analyzing APPN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

APPN Dividend Yield and Income Analysis

APPIAN CORP (APPN) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

APPN Momentum and Technical Analysis Profile

APPIAN CORP (APPN) has a momentum factor score of 26/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 61/100 reflects moderate short selling activity.

APPN vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, APPIAN CORP (APPN) ranks #387 out of 584 stocks based on the Blank Capital composite score. This places APPN in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing APPN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full APPN vs S&P 500 (SPY) comparison to assess how APPIAN CORP stacks up against the broader market across all factor dimensions.

APPN Next Earnings Date

No upcoming earnings date has been announced for APPIAN CORP (APPN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy APPN? — Investment Thesis Summary

The quantitative profile for APPIAN CORP suggests caution. The quality score of 36/100 flags below-average profitability. The value score of 38/100 indicates premium valuation. Momentum is weak at 26/100, a headwind for near-term performance.

In summary, APPIAN CORP (APPN) earns a Reduce rating with a composite score of 36.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on APPN stock.

Related Resources for APPN Investors

Explore more research and tools: APPN vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare APPN head-to-head with peers: APPN vs IHS, APPN vs VRSN, APPN vs ESE.