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Appian Corp is a low-code enterprise platform-as-a-service company focusing on business process management. The company's Appian platform is an integrated automation platform providing tools for organizations to design, automate, and optimize end-to-end processes and complex business operations. Capabilities include case management, robotic process automation, artificial intelligence, data fabric, and process mining. The company also provides maintenance and support as well as consulting services and training related to its platform. The majority of its revenue is subscription-based with the remainder from services, with much of its subscription revenue being derived from its cloud-based platform. Geographically, the company derives maximum revenue from its business in the United States.
1999
2.0K+
LTM Revenue $635M
LTM EBITDA $26.0M
$2.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Appian has a last 12-month revenue of $635M and a last 12-month EBITDA of $26.0M.
In the most recent fiscal year, Appian achieved revenue of $617M and an EBITDA of -$57.6M.
Appian expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Appian valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $545M | $617M | XXX | XXX | XXX |
| Gross Profit | $335M | $402M | XXX | XXX | XXX |
| Gross Margin | 61% | 65% | XXX | XXX | XXX |
| EBITDA | -$80.9M | -$57.6M | XXX | XXX | XXX |
| EBITDA Margin | -15% | -9% | XXX | XXX | XXX |
| Net Profit | -$151M | -$111M | XXX | XXX | XXX |
| Net Margin | -28% | -18% | XXX | XXX | XXX |
| Net Debt | n/a | $57.2M | XXX | XXX | XXX |
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As of April 15, 2025, Appian's stock price is $27.
Appian has current market cap of $2.0B, and EV of $2.2B.
See Appian trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.2B | $2.0B | XXX | XXX | XXX | XXX | $-0.20 |
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Sign UpAs of April 15, 2025, Appian has market cap of $2.0B and EV of $2.2B.
Appian's trades at 3.4x LTM EV/Revenue multiple, and 83.2x LTM EBITDA.
Analysts estimate Appian's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Appian and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $2.2B | XXX | XXX | XXX |
| EV/Revenue | 3.5x | XXX | XXX | XXX |
| EV/EBITDA | -37.6x | XXX | XXX | XXX |
| P/E | -21.8x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 703.1x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpAppian's NTM/LTM revenue growth is 10%
Appian's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Appian's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Appian's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Appian and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -9% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -29% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 1% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 37% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 25% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 86% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Dropsuite | XXX | XXX | XXX | XXX | XXX | XXX |
| McMillan Shakespeare | XXX | XXX | XXX | XXX | XXX | XXX |
| BETA Systems Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Baidu | XXX | XXX | XXX | XXX | XXX | XXX |
| Polaris Office | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Appian acquired XXX companies to date.
Last acquisition by Appian was XXXXXXXX, XXXXX XXXXX XXXXXX . Appian acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Appian founded? | Appian was founded in 1999. |
| Where is Appian headquartered? | Appian is headquartered in United States of America. |
| How many employees does Appian have? | As of today, Appian has 2.0K+ employees. |
| Who is the CEO of Appian? | Appian's CEO is Mr. Matthew W. Calkins. |
| Is Appian publicy listed? | Yes, Appian is a public company listed on NAS. |
| What is the stock symbol of Appian? | Appian trades under APPN ticker. |
| When did Appian go public? | Appian went public in 2017. |
| Who are competitors of Appian? | Similar companies to Appian include e.g. Dropsuite, McMillan Shakespeare, BETA Systems Software, Baidu. |
| What is the current market cap of Appian? | Appian's current market cap is $2.0B |
| What is the current revenue of Appian? | Appian's last 12-month revenue is $635M. |
| What is the current EBITDA of Appian? | Appian's last 12-month EBITDA is $26.0M. |
| What is the current EV/Revenue multiple of Appian? | Current revenue multiple of Appian is 3.4x. |
| What is the current EV/EBITDA multiple of Appian? | Current EBITDA multiple of Appian is 83.2x. |
| What is the current revenue growth of Appian? | Appian revenue growth between 2023 and 2024 was 13%. |
| Is Appian profitable? | Yes, Appian is EBITDA-positive (as of the last 12 months). |
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