Appian Corp Files 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>Appian Corp filed its annual 10-K report for the fiscal year ending December 31, 2023, detailing financial performance and business operations.</b>

AI Summary

APPIAN CORP (APPN) filed a Annual Report (10-K) with the SEC on February 15, 2024. Appian Corp reported its 10-K filing for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. Key financial data points and segment information are included in the report. The company's business address is 7950 Jones Branch Drive, McLean, VA 22102. Appian Corp is classified under SIC code 7372 for Prepackaged Software.

Why It Matters

For investors and stakeholders tracking APPIAN CORP, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Appian Corp's financial health and strategic direction for investors and stakeholders. Understanding the detailed financial statements and risk factors in this report is crucial for assessing the company's performance and future prospects.

Risk Assessment

Risk Level: medium — APPIAN CORP shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains a broad range of financial and operational information, but lacks specific forward-looking guidance or significant negative events that would elevate the risk level beyond medium.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to assess Appian Corp's performance and identify potential investment opportunities or concerns.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-02-15 — Filing Date (Filed as of date)
• 108 — Public Document Count (Number of documents in the filing)

Key Players & Entities

• APPIAN CORP (company) — Filer name
• 7950 JONES BRANCH DRIVE (company) — Business address
• MCLEAN (company) — Business address city
• VA (company) — Business address state
• 22102 (company) — Business address zip
• 7372 (company) — Standard Industrial Classification

FAQ

Industry Context

Appian Corp operates in the software industry, specifically focusing on prepackaged software solutions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and balance sheet health.
2. Review the risk factors section for potential challenges and uncertainties facing Appian Corp.
3. Compare key financial metrics to previous periods to identify performance changes.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-15: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the 10-K filing for the fiscal year ended December 31, 2023, providing year-end financial and operational data.

Key Financial Figures

• $47.60 — spectively, based on a closing price of $47.60 per share of the registrant's Class A c
• $0.0001 — common stock, each with a par value of $0.0001 per share, outstanding. DOCUMENTS INC
• $2 billion — nizations with over 2,000 employees and $2 billion in annual revenue. The number of custom
• $1 million — ber of customers paying us in excess of $1 million of annual recurring revenue has grown f

Filing Documents

• appn-20231231.htm (10-K) — 1895KB
• appn12312023ex211.htm (EX-21.1) — 9KB
• appn12312023ex231.htm (EX-23.1) — 2KB
• appn12312023ex311.htm (EX-31.1) — 14KB
• appn12312023ex312.htm (EX-31.2) — 14KB
• appn12312023ex321.htm (EX-32.1) — 9KB
• appn12312023ex97.htm (EX-97.1) — 43KB
• appn-20231231_g1.jpg (GRAPHIC) — 730KB
• appn-20231231_g2.jpg (GRAPHIC) — 12KB
• appn-20231231_g3.jpg (GRAPHIC) — 97KB
• 0001441683-24-000016.txt (&nbsp;) — 10920KB
• appn-20231231.xsd (EX-101.SCH) — 57KB
• appn-20231231_cal.xml (EX-101.CAL) — 113KB
• appn-20231231_def.xml (EX-101.DEF) — 326KB
• appn-20231231_lab.xml (EX-101.LAB) — 894KB
• appn-20231231_pre.xml (EX-101.PRE) — 595KB
• appn-20231231_htm.xml (XML) — 1387KB

Risk Factors

Item 1A. Risk Factors 13

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 40 Item 1C. C ybersecurity 40

Properties

Item 2. Properties 40

Legal Proceedings

Item 3. Legal Proceedings 41

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 41 PART II.

Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 42

[Reserved]

Item 6. [Reserved] 44

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 45

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 63

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 65

Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 102

Controls and Procedures

Item 9A. Controls and Procedures 102

Other Information

Item 9B. Other Information 103

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 103 PART III.

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 104

Executive Compensation

Item 11. Executive Compensation 104

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 104

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 104

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 104 PART IV.

Exhibit s and Financial Statement Schedules

Item 15. Exhibit s and Financial Statement Schedules 105

Form 10-K Summary

Item 16. Form 10-K Summary 109

Signatures

Signatures 110 3 PART I

Business

Item 1. Business. Overview Appian Corporation (together with its subsidiaries, "Appian," "the Company," "we," or "our") is a software company that automates business processes and operationalizes artificial intelligence ("AI") with low-code design, providing rapid time to value for our customers. We empower our customers to transform the way they work by using our platform to combine people, technologies, and data in end-to-end processes that can maximize our customers' resources and dramatically improve business results. We believe organizations across all industries face pressure to keep up with a rapid pace of technological innovation, particularly in AI. The past year has ushered in a whole new economy, in which AI promises to transform workflows to drive efficiency and innovation. As we enter 2024, the focus will shift from exploring these technologies to actively leveraging them to innovate with new products, services, and value creation for customers and employees alike. We believe companies that can quickly incorporate AI's full potential into their business processes will lead the future AI economy. We are dedicated to helping our customers navigate this new AI economy and realize transformational change. We see a human-centric future for AI, one of teamwork rather than replacement, where AI adds value to data and employees, and where all customers and businesses—not big tech—are the winners. We recognize AI is not a standalone technology. It is highly dependent on two foundational technologies: data and process. Data is the intellectual fuel for AI, empowering it to make smart, informed decisions. The more data AI gets, and the better that data is, the better the AI answers may be. Data was already among the most important assets for leading organizations; now, it's worth more than ever. Process is the necessary layer for customers to create a mixed autonomy, routing tasks between humans and AI automations. We believe customers will increasingl

Forward-Looking Statements

Forward-Looking Statements This Annual Report on Form 10-K, including the sections entitled "Business," "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations," contains forward-looking statements that involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Statements that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. In some cases, forward-looking statements can be identified by the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "objective," "ongoing," "plan," "predict," "project," "potential," "should," "will," or "would," or the negative of these terms, or other comparable terminology intended to identify statements about the future. These forward-looking statements include, but are not limited to, statements concerning the following: Our market opportunity and the expansion of our core software markets in general; The opportunity and competitive impact of AI; The effects of increased competition as well as innovations by new and existing competitors in our market; Our ability to adapt to technological change and effectively enhance, innovate, and scale our platform and professional services; Our ability to effectively manage or sustain our growth and to achieve profitability; Potential acquisitions and integration of complementary businesses and technologies; Our ability to maintain, or strengthen awareness of, our brand; Perceived or actual problems with the integrity, reliability, quality, or compatibility of our platform, including unscheduled downtime

View Full Filing

View this 10-K filing on SEC EDGAR