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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 $644M
LTM EBITDA $29.9M
$2.5B
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 (LTM) of $644M and a last 12-month EBITDA of $29.9M.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $644M | XXX | $617M | XXX | XXX | XXX |
| Gross Profit | $517M | XXX | $467M | XXX | XXX | XXX |
| Gross Margin | 80% | XXX | 76% | XXX | XXX | XXX |
| EBITDA | $29.9M | XXX | -$57.6M | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | -9% | XXX | XXX | XXX |
| EBIT | $19.8M | XXX | -$60.9M | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | -10% | XXX | XXX | XXX |
| Net Profit | -$8.0M | XXX | -$92.3M | XXX | XXX | XXX |
| Net Margin | -1% | XXX | -15% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $132M | XXX | XXX | XXX |
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As of May 30, 2025, Appian's stock price is $31.
Appian has current market cap of $2.3B, and EV of $2.5B.
See Appian trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.5B | $2.3B | XXX | XXX | XXX | XXX | $-0.12 |
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Start Free TrialAs of May 30, 2025, Appian has market cap of $2.3B and EV of $2.5B.
Appian's trades at 4.0x EV/Revenue multiple, and -42.6x EV/EBITDA.
Equity research analysts estimate Appian's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Appian has a P/E ratio of -291.3x.
See valuation multiples for Appian and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2.3B | XXX | $2.3B | XXX | XXX | XXX |
| EV (current) | $2.5B | XXX | $2.5B | XXX | XXX | XXX |
| EV/Revenue | 3.8x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBITDA | 81.8x | XXX | -42.6x | XXX | XXX | XXX |
| EV/EBIT | 123.9x | XXX | -40.3x | XXX | XXX | XXX |
| EV/Gross Profit | 4.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | -291.3x | XXX | -25.3x | XXX | XXX | XXX |
| EV/FCF | 166.4x | XXX | 795.7x | 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.
Start Free TrialAppian's last 12 month revenue growth is 10%
Appian's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.
Appian's rule of 40 is -5% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Appian's rule of X is 30% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Appian and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 5% | XXX | -9% | XXX | XXX | XXX |
| EBITDA Growth | 74% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | -5% | XXX | 1% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 37% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 25% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 86% | 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 |
Valuation data powered by FactSet, Inc.
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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 $2.3B |
| What is the current revenue of Appian? | Appian's last 12 months revenue is $644M. |
| What is the current revenue growth of Appian? | Appian revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Appian? | Current revenue multiple of Appian is 3.8x. |
| Is Appian profitable? | Yes, Appian is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Appian? | Appian's last 12 months EBITDA is $29.9M. |
| What is Appian's EBITDA margin? | Appian's last 12 months EBITDA margin is 5%. |
| What is the current EV/EBITDA multiple of Appian? | Current EBITDA multiple of Appian is 81.8x. |
| What is the current FCF of Appian? | Appian's last 12 months FCF is $14.7M. |
| What is Appian's FCF margin? | Appian's last 12 months FCF margin is 2%. |
| What is the current EV/FCF multiple of Appian? | Current FCF multiple of Appian is 166.4x. |
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