Appian Q4 2024 Earnings Report

Appian reported strong Q4 2024 revenue growth with increased cloud subscription revenue and improved operating income.

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.

Total Revenue

$167M

Previous year: $145M

+14.7%

EPS

Previous year: $0.06

-100.0%

Cloud Subscription Retention

116%

Gross Profit

$131M

Previous year: $111M

+18.0%

Cash and Equivalents

$119M

Previous year: $159M

-25.4%

Free Cash Flow

$13.9M

Previous year: -$9.6M

-244.7%

Total Assets

$621M

Previous year: $628M

-1.0%

Appian Revenue

Appian EPS

Appian Revenue by Segment

Appian Revenue by Geographic Location

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.