Reading the tape
NASDAQ: APPN
Appian Corporation
Technology · Software - Infrastructure
Market Cap
$1.66B
52w High
$46.06
52w Low
$19.79
P/E
1,342.46
Volume
61.26K
Outstanding Shares
74.05M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -27.14%Revenue (TTM): 17.81%FCF (TTM): 1,949.09%P/S: 0th pct
What changed
The stock fell 27.14% over the last year. Revenue grew 17.81% over the trailing twelve months. Operating margin moved from -9.86% to 0.08%. Free cash flow grew 1,949.09% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.
What would invalidate this read
This read changes if operating margin (currently 0.08%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Appian Corporation provides low-code automation platform in the United States and internationally.
CEOMatthew W. Calkins
SectorTechnology
IndustrySoftware - Infrastructure
Employees2,033
IPO dateMay 25, 2017
Valuation
Forward P/E—
EV/EBITDA76.55
Enterprise value$2.83B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth21.71%
Gross margin74.68%▼4.12%vs FY2024
Operating margin0.08%▲100.85%vs FY2024
ROE-2.62%▼100.93%vs FY2024
Analyst consensus
RatingHold
Target price$31.25▲39.51%
6
Buy
12
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.19 · Revenue est $191.56M
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