APPIAN CORP-A (APPN) Stock Fundamental Analysis

USA Nasdaq NASDAQ:APPN • US03782L1017

25.21 USD
+0.32 (+1.29%)
At close: Feb 6, 2026
25.3 USD
+0.09 (+0.36%)
After Hours: 2/6/2026, 5:20:47 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to APPN. APPN was compared to 278 industry peers in the Software industry. Both the profitability and financial health of APPN have multiple concerns. APPN is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year APPN was profitable.
  • APPN had a positive operating cash flow in the past year.
  • In the past 5 years APPN always reported negative net income.
  • APPN had negative operating cash flow in 4 of the past 5 years.
APPN Yearly Net Income VS EBIT VS OCF VS FCFAPPN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M

1.2 Ratios

  • APPN has a Return On Assets (-1.20%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 2.73%, APPN is in the better half of the industry, outperforming 68.70% of the companies in the same industry.
Industry RankSector Rank
ROA -1.2%
ROE N/A
ROIC 2.73%
ROA(3y)-19.34%
ROA(5y)-16.42%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
APPN Yearly ROA, ROE, ROICAPPN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 200 -200

1.3 Margins

  • With a decent Operating Margin value of 1.21%, APPN is doing good in the industry, outperforming 60.79% of the companies in the same industry.
  • APPN has a Gross Margin of 76.28%. This is in the better half of the industry: APPN outperforms 70.50% of its industry peers.
  • In the last couple of years the Gross Margin of APPN has grown nicely.
Industry RankSector Rank
OM 1.21%
PM (TTM) N/A
GM 76.28%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.76%
GM growth 5Y3.42%
APPN Yearly Profit, Operating, Gross MarginsAPPN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

3

2. Health

2.1 Basic Checks

  • APPN has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, APPN has more shares outstanding
  • Compared to 5 years ago, APPN has more shares outstanding
  • APPN has a worse debt/assets ratio than last year.
APPN Yearly Shares OutstandingAPPN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
APPN Yearly Total Debt VS Total AssetsAPPN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • APPN has an Altman-Z score of 1.59. This is a bad value and indicates that APPN is not financially healthy and even has some risk of bankruptcy.
  • APPN has a Altman-Z score (1.59) which is in line with its industry peers.
  • The Debt to FCF ratio of APPN is 3.38, which is a good value as it means it would take APPN, 3.38 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.38, APPN is in the better half of the industry, outperforming 62.95% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.38
Altman-Z 1.59
ROIC/WACC0.24
WACC11.28%
APPN Yearly LT Debt VS Equity VS FCFAPPN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M

2.3 Liquidity

  • APPN has a Current Ratio of 1.19. This is a normal value and indicates that APPN is financially healthy and should not expect problems in meeting its short term obligations.
  • APPN has a Current ratio of 1.19. This is in the lower half of the industry: APPN underperforms 65.83% of its industry peers.
  • A Quick Ratio of 1.19 indicates that APPN should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.19, APPN is doing worse than 65.11% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.19
Quick Ratio 1.19
APPN Yearly Current Assets VS Current LiabilitesAPPN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 255.17% over the past year.
  • APPN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 15.97%.
  • The Revenue has been growing by 18.83% on average over the past years. This is quite good.
EPS 1Y (TTM)255.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%113.33%
Revenue 1Y (TTM)15.97%
Revenue growth 3Y18.66%
Revenue growth 5Y18.83%
Sales Q2Q%21.39%

3.2 Future

  • The Earnings Per Share is expected to grow by 46.51% on average over the next years. This is a very strong growth
  • APPN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.21% yearly.
EPS Next Y258%
EPS Next 2Y106%
EPS Next 3Y73.04%
EPS Next 5Y46.51%
Revenue Next Year16.08%
Revenue Next 2Y14.06%
Revenue Next 3Y13.18%
Revenue Next 5Y14.21%

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
APPN Yearly Revenue VS EstimatesAPPN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 500M 1B 1.5B
APPN Yearly EPS VS EstimatesAPPN Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 1 -1 2 3

4

4. Valuation

4.1 Price/Earnings Ratio

  • APPN is valuated quite expensively with a Price/Earnings ratio of 56.02.
  • Compared to the rest of the industry, the Price/Earnings ratio of APPN is on the same level as its industry peers.
  • APPN is valuated expensively when we compare the Price/Earnings ratio to 27.92, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 32.10, APPN can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APPN is on the same level as its industry peers.
  • APPN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 56.02
Fwd PE 32.1
APPN Price Earnings VS Forward Price EarningsAPPN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • APPN's Enterprise Value to EBITDA is on the same level as the industry average.
  • APPN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. APPN is cheaper than 67.27% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.62
EV/EBITDA 99.65
APPN Per share dataAPPN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • APPN's earnings are expected to grow with 73.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y106%
EPS Next 3Y73.04%

0

5. Dividend

5.1 Amount

  • No dividends for APPN!.
Industry RankSector Rank
Dividend Yield 0%

APPIAN CORP-A

NASDAQ:APPN (2/6/2026, 5:20:47 PM)

After market: 25.3 +0.09 (+0.36%)

25.21

+0.32 (+1.29%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-06
Earnings (Next)02-19
Inst Owners82.41%
Inst Owner Change-0.62%
Ins Owners6.22%
Ins Owner Change1.7%
Market Cap1.86B
Revenue(TTM)690.75M
Net Income(TTM)-7.31M
Analysts53.85
Price Target41.82 (65.89%)
Short Float %6.54%
Short Ratio3.03
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)292.06%
Min EPS beat(2)100%
Max EPS beat(2)484.11%
EPS beat(4)4
Avg EPS beat(4)247.4%
Min EPS beat(4)100%
Max EPS beat(4)484.11%
EPS beat(8)7
Avg EPS beat(8)169.67%
EPS beat(12)11
Avg EPS beat(12)119.23%
EPS beat(16)13
Avg EPS beat(16)87.54%
Revenue beat(2)2
Avg Revenue beat(2)4.92%
Min Revenue beat(2)4.52%
Max Revenue beat(2)5.32%
Revenue beat(4)2
Avg Revenue beat(4)2.3%
Min Revenue beat(4)-0.52%
Max Revenue beat(4)5.32%
Revenue beat(8)4
Avg Revenue beat(8)1.03%
Revenue beat(12)7
Avg Revenue beat(12)0.79%
Revenue beat(16)10
Avg Revenue beat(16)1.59%
PT rev (1m)-1.44%
PT rev (3m)21.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-40.88%
EPS NY rev (1m)0%
EPS NY rev (3m)64.43%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)0.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.17%
Valuation
Industry RankSector Rank
PE 56.02
Fwd PE 32.1
P/S 2.69
P/FCF 25.62
P/OCF 24.61
P/B N/A
P/tB N/A
EV/EBITDA 99.65
EPS(TTM)0.45
EY1.79%
EPS(NY)0.79
Fwd EY3.11%
FCF(TTM)0.98
FCFY3.9%
OCF(TTM)1.02
OCFY4.06%
SpS9.36
BVpS-0.66
TBVpS-1.07
PEG (NY)0.22
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -1.2%
ROE N/A
ROCE 3.46%
ROIC 2.73%
ROICexc 13.2%
ROICexgc 33.62%
OM 1.21%
PM (TTM) N/A
GM 76.28%
FCFM 10.52%
ROA(3y)-19.34%
ROA(5y)-16.42%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.76%
GM growth 5Y3.42%
F-Score7
Asset Turnover1.13
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 3.38
Debt/EBITDA 12.75
Cap/Depr 29.75%
Cap/Sales 0.43%
Interest Coverage 0.54
Cash Conversion 412.78%
Profit Quality N/A
Current Ratio 1.19
Quick Ratio 1.19
Altman-Z 1.59
F-Score7
WACC11.28%
ROIC/WACC0.24
Cap/Depr(3y)88.09%
Cap/Depr(5y)78.24%
Cap/Sales(3y)1.44%
Cap/Sales(5y)1.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)255.17%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%113.33%
EPS Next Y258%
EPS Next 2Y106%
EPS Next 3Y73.04%
EPS Next 5Y46.51%
Revenue 1Y (TTM)15.97%
Revenue growth 3Y18.66%
Revenue growth 5Y18.83%
Sales Q2Q%21.39%
Revenue Next Year16.08%
Revenue Next 2Y14.06%
Revenue Next 3Y13.18%
Revenue Next 5Y14.21%
EBIT growth 1Y110.87%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1790.31%
EBIT Next 3Y209.33%
EBIT Next 5Y104.01%
FCF growth 1Y157.51%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y165.87%
OCF growth 3YN/A
OCF growth 5YN/A

APPIAN CORP-A / APPN FAQ

What is the fundamental rating for APPN stock?

ChartMill assigns a fundamental rating of 4 / 10 to APPN.


What is the valuation status for APPN stock?

ChartMill assigns a valuation rating of 4 / 10 to APPIAN CORP-A (APPN). This can be considered as Fairly Valued.


What is the profitability of APPN stock?

APPIAN CORP-A (APPN) has a profitability rating of 3 / 10.


What is the valuation of APPIAN CORP-A based on its PE and PB ratios?

The Price/Earnings (PE) ratio for APPIAN CORP-A (APPN) is 56.02 and the Price/Book (PB) ratio is -38.34.


How financially healthy is APPIAN CORP-A?

The financial health rating of APPIAN CORP-A (APPN) is 3 / 10.