Appian Q4 EPS of $0.15 Tops Estimates as Revenue Jumps 22% to $202.9M
Appian reported Q4 2025 non-GAAP EPS of $0.15, down 16.7% year over year yet beating estimates by nearly 60%, while revenues rose 22% to $202.9 million, topping consensus by 7.3%. Appian projects Q1 2026 revenue of $189–193 million, up 14–16% year over year.
1. Q4 2025 Financial Results
Appian posted non-GAAP earnings of $0.15 per share in Q4 2025, outperforming consensus by 59.6% despite a 16.7% year-over-year decline. Total revenue climbed 22% to $202.9 million, surpassing estimates by 7.3% and marking a fourth consecutive quarter of double-digit growth.
2. Segment Revenue Breakdown
Subscription revenues, comprising 80% of total sales, reached $162.3 million, up 19% year over year, while professional services revenues grew 36% to $40.6 million. The accelerated services growth reflects increased demand for implementation and consulting offerings.
3. Profitability and Margins
Non-GAAP gross margin narrowed by 370 basis points to 73.4%, and operating margin contracted 260 basis points to 8.6%. Research and development expenses rose 16.1% to $42.1 million, sales and marketing climbed 21.5% to $66.9 million, and general and administrative costs increased 22% to $22.5 million.
4. Q1 2026 Guidance
For Q1 2026, Appian forecasts revenue of $189–193 million, reflecting 14–16% growth year over year. Adjusted EBITDA is projected at $19–22 million, and adjusted EPS is expected between $0.16 and $0.20 per share.