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Dec 31, 2024
Appian Q4 2024 Earnings Report
Estimated Revenue:$163M
+14.1% YoY
Estimated EPS:-$0.00788
+96.9% YoY
Key Takeaways
Appian's Q4 2024 revenue increased by 15% year-over-year to $166.7 million, driven by 19% growth in cloud subscription revenue. The company reported a GAAP operating income of $5.0 million, a significant improvement from the prior year's loss. However, GAAP net loss widened to $13.6 million due to foreign currency exchange losses.
Total revenue grew 15% year-over-year to $166.7 million.
Cloud subscription revenue increased 19% to $98.9 million.
GAAP operating income reached $5.0 million, up from a loss of $16.8 million last year.
GAAP net loss widened to $13.6 million, impacted by foreign exchange losses.
Appian
Appian
Appian Revenue by Segment
Revenue by Segment
Cloud Subscriptions Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Appian expects continued growth in cloud subscription revenue and total revenue in Q1 2025, while improving adjusted EBITDA.
Positive Outlook
- Cloud subscription revenue expected to grow 12% to 14% year-over-year.
- Total revenue expected to increase 8% to 9% year-over-year.
- Adjusted EBITDA projected between $8.0 million and $10.0 million.
- Continued expansion in AI-driven process automation.
- Strong customer retention with cloud subscription revenue retention at 116%.
Challenges Ahead
- Foreign exchange volatility remains a risk.
- Non-GAAP net income per share guidance of only $0.02 to $0.05.
- Professional services revenue growth remains slow.
- Operating expenses remain high, impacting profitability.
- Competitive pressures in low-code automation market.
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Key Statistics
Market Cap
$2.28B
P/E Ratio
-32.56
Sector
Technology Services
Industry
Packaged Software
52-Week High
$41.5
52-Week Low
$25.7
Cloud Subscription Revenue Retention Rate
116%