Stocks · Technology · Software - Infrastructure
Appian Corporation APPN
$36.68 -2.89% Close, Oct 2, 2026 · NASDAQ · Market cap $2.71B
Strong growth
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 7.1× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 43 trading days, with the 50-day average above the 200-day.
- Earnings beat analyst estimates in each of the last 4 quarters (average surprise over the last four: +100.0%).
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 32%
- FCF growth (TTM, YoY)Top 21%
- Revenue growth, 3-year CAGRTop 27%
- Revenue growth accelerationBottom 50%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 46%
- Gross marginTop 22%
- Operating marginBottom 40%
- Accruals (lower is better)Top 20%
- Net debt / EBITDA (lower is better)Bottom 3%
- Interest coverBottom 36%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 38%
- Free-cash-flow yieldTop 49%
- EBITDA / enterprise valueBottom 35%
- Sales / enterprise valueTop 45%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 31%
- 6-month returnTop 30%
- 1-year return vs S&P 500Top 41%
- Distance from 52-week highTop 34%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 4%
- Consecutive EPS beatsTop 41%
- Share of analysts rating BuyBottom 9%
- Upside to consensus price targetBottom 5%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 36%
- Maximum drawdown, 3 yearsTop 44%
- Beta vs S&P 500 (lower is better)Top 29%
- Net debt / EBITDA (lower is better)Bottom 3%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 20.4% | 20.9% | ↑ |
| Gross margin | 76.3% | 73.1% | ↓ |
| Operating margin | -2.1% | 1.3% | ↑ |
| FCF margin | 7.0% | 9.6% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 20.9% | 20.4% | ↑ | Top 32% |
| Gross margin | 73.1% | 76.3% | ↓ | Top 22% |
| Operating margin | 1.3% | -2.1% | ↑ | Bottom 40% |
| Net margin | -1.3% | -2.6% | ↑ | — |
| Free-cash-flow margin | 9.6% | 7.0% | ↑ | — |
| Return on invested capital | 5.1% | — | Top 46% | |
| Revenue growth, 3-year CAGR | 15.8% | — | Top 27% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -15.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 5.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -7.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.08×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 2.74%
- Shareholder yield
- 2.74%
- Share count change, 1 year
- -1.8%
- Share count change, 3-year CAGR
- -0.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- +8.7%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $30.50
- Target vs current price
- -16.8%
- Analysts with a rating
- 19
- Share rating Buy or Strong Buy
- 32%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 6, 2026 | +4120.8% | +1.5% | +16.2% | +33.1% | — |
| May 7, 2026 | +42.1% | +2.5% | -19.2% | +6.0% | +19.5% |
| Feb 19, 2026 | +66.7% | +2.0% | +9.4% | +4.7% | -20.1% |
| Nov 6, 2025 | +540.0% | +30.8% | +55.6% | +34.3% | -11.9% |
| Aug 7, 2025 | -7.7% | +8.3% | +10.2% | +11.0% | +10.6% |
| May 8, 2025 | +333.3% | +5.3% | +8.4% | +4.6% | -7.5% |
| Feb 19, 2025 | -1100.0% | +16.2% | +4.2% | -8.0% | +2.9% |
| Nov 7, 2024 | +266.7% | +2.6% | -1.4% | -2.6% | -12.7% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 6, 2026 | $0.13 | $0.00 | +4120.8% | $203.3M |
| May 7, 2026 | $0.27 | $0.19 | +42.1% | $202.2M |
| Feb 19, 2026 | $0.15 | $0.09 | +66.7% | $202.9M |
| Nov 6, 2025 | $0.32 | $0.05 | +540.0% | $187.0M |
| Aug 7, 2025 | -$0.14 | -$0.13 | -7.7% | $170.6M |
| May 8, 2025 | $0.13 | $0.03 | +333.3% | $166.4M |
| Feb 19, 2025 | -$0.12 | -$0.01 | -1100.0% | $166.7M |
| Nov 7, 2024 | $0.15 | -$0.09 | +266.7% | $154.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 33.9× | — | — | — |
| EV / EBITDA | 117.4× | — | — | Bottom 35% |
| EV / Sales | 3.63× | — | — | Top 45% |
| Free-cash-flow yield | 2.83% | — | — | Top 49% |
| Earnings yield | -0.41% | — | — | Bottom 38% |
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 50
- Days above the 200-day average
- 43
- 50-day average slope (20 days)
- +16.3%
- 200-day average slope (20 days)
- -1.4%
- Distance from 50-day average
- +3.6%
- Distance from 200-day average
- +31.0%
- RSI (14)
- 50.5
- Relative volume
- 0.59×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 72.2%
- Volatility vs own 5-year history
- 85th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.11
- Correlation with S&P 500
- 0.29
- Current drawdown from 1-year high
- -19.6%
- Maximum drawdown, 3 years
- -59.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 27, 2021 | May 13, 2026 | -92.0% | 1329 days | Not yet recovered |
| Nov 27, 2020 | Dec 2, 2020 | -29.7% | 3 days | 34 days (Jan 22, 2021) |
| Oct 14, 2020 | Oct 30, 2020 | -24.4% | 12 days | 5 days (Nov 6, 2020) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $2.71B
- EPS, diluted (TTM)
- -$0.15
- Revenue (TTM)
- $795.3M
- 52-week range
- $18.63 – $46.06
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $369.3M | $468.0M | $545.4M | $617.0M | $726.9M |
| Gross profit | $265.2M | $334.7M | $402.0M | $466.8M | $527.3M |
| Operating income | -$83.9M | -$145.0M | -$108.0M | -$60.9M | $609,000 |
| Net income | -$88.6M | -$150.9M | -$111.4M | -$92.3M | $1.2M |
| EPS (diluted) | -$1.25 | -$2.08 | -$1.52 | -$1.26 | $0.02 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $154.1M | $166.7M | $166.4M | $170.6M | $187.0M | $202.9M | $202.2M | $203.3M |
| Net income | -$2.1M | -$13.6M | -$1.2M | -$312,000 | $7.8M | -$5.1M | -$1.5M | -$11.8M |
| EPS (diluted) | -$0.03 | -$0.18 | -$0.02 | -$0.00 | $0.10 | -$0.07 | -$0.02 | -$0.16 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$53.9M | -$106.6M | -$110.4M | $6.9M | $62.9M |
| Capital expenditure | -$6.1M | -$9.1M | -$9.6M | -$3.8M | -$3.3M |
| Free cash flow | -$60.0M | -$115.6M | -$120.1M | $3.1M | $59.6M |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $0 | $0 | $0 | -$50.0M | -$18.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $167.9M
- Total assets
- $585.7M
- Total liabilities
- $690.9M
- Total debt
- $295.3M
- Net debt
- $174.2M
- Shareholders’ equity
- -$105.2M
As of Jun 30, 2026 (filed Aug 6, 2026).
Short interest
- Shares sold short
- 3,787,904
- Days to cover
- 3.79
- Change vs previous report
- +8.8%
FINRA short interest, settlement date Sep 15, 2026.