Is the business good?
How good a business is APPN?
Appian Corporation keeps 0.60% of every revenue dollar as operating profit, against 6.1% for the median Software - Infrastructure name.
0.60%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q1 2026
- Share count, year on year
- −0.37%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 23%
R&D as % of revenue
- Gross margin
- 72%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −12% |
| FY2021 | −23% |
| FY2022 | −31% |
| FY2023 | −20% |
| FY2024 | −9.9% |
| FY2025 | 0.08% |
Details›
- Gross margin12 months to Q1 2026
- 72%
- Operating margin12 months to Q1 2026
- 0.60%
- Net margin12 months to Q1 2026
- 0.12%
- Free cash flow margin
- 8.4%
- R&D as % of revenue
- 23%
- Revenue, trailing twelve months
- $763M
- Free cash flow, trailing twelve months
- $64M
- Net income, trailing twelve months
- $885K
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #58 of 78 by Smart Score