Appian Q3 2021 Earnings Report
Key Takeaways
Appian reported a 20% increase in total revenue to $92.4 million for Q3 2021. Cloud subscription revenue grew by 36% year-over-year, reaching $46.7 million. The company's cloud subscription revenue retention rate was 117%.
Cloud subscription revenue was $46.7 million, up 36% year-over-year.
Total subscriptions revenue increased 32% year-over-year to $67.2 million.
Total revenue was $92.4 million, up 20% year-over-year.
Cloud subscription revenue retention rate was 117%.
Appian
Appian
Appian Revenue by Segment
Forward Guidance
Appian provided guidance for Q4 2021, expecting cloud subscription revenue between $48.8 million and $49.3 million, total revenue between $95.0 million and $95.5 million, adjusted EBITDA loss between $(15.0) million and $(13.0) million, and non-GAAP net loss per share between $(0.24) and $(0.21).
Positive Outlook
- Cloud subscription revenue is expected to be in the range of $48.8 million and $49.3 million, representing year-over-year growth of between 32% and 33%.
- Total revenue is expected to be in the range of $95.0 million and $95.5 million, representing a year-over-year increase of between 16% and 17%.
Challenges Ahead
- Adjusted EBITDA loss is expected to be in the range of $(15.0) million and $(13.0) million.
- Non-GAAP net loss per share is expected to be in the range of $(0.24) and $(0.21), assuming weighted average common shares outstanding of 71.2 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income