Appian Corporation filed its quarterly report on Form 10-Q with the SEC on August 6, 2026, covering the three and six months ended June 30, 2026, disclosing revenue growth alongside continued net losses and an expanded stockholders' deficit.

Key Highlights

  • Total revenue rose to $203.3 million for Q2 2026, up from $170.6 million in Q2 2025, according to the filing.
  • Net loss was $11.8 million for the three months ended June 30, 2026, compared to a net loss of $0.3 million in the same period of 2025.
  • Subscriptions revenue reached $157.7 million in Q2 2026, versus $132.7 million in Q2 2025.
  • Basic and diluted net loss per share was $0.16 for Q2 2026, based on weighted average shares outstanding of 72,896 thousand.
  • Total stockholders' deficit widened to $105.2 million as of June 30, 2026, from $47.0 million as of December 31, 2025.
  • The company repurchased shares totaling treasury stock of $70.4 million as of June 30, 2026, up from $16.9 million at December 31, 2025.
  • Cash and cash equivalents stood at $121.1 million as of June 30, 2026, down from $135.8 million at December 31, 2025.

Appian's Q2 2026 Revenue Growth and Loss Position

According to the filing, Appian Corporation (NASDAQ: APPN) reported total revenue of $203.3 million for the three months ended June 30, 2026, compared to $170.6 million for the same quarter in 2025. For the six months ended June 30, 2026, total revenue was $405.4 million, up from $337.1 million in the first half of 2025. The filing attributes revenue to two segments: subscriptions, which contributed $157.7 million in Q2 2026, and professional services, which contributed $45.6 million.

The company reported a gross profit of $144.7 million for Q2 2026 versus $121.7 million a year earlier, the filing disclosed. Total operating expenses for Q2 2026 were $150.2 million, resulting in an operating loss of $5.4 million, an improvement from the $11.0 million operating loss in Q2 2025. After accounting for interest expense of $3.8 million and other non-operating expense of $0.8 million, the company reported a net loss of $11.8 million for Q2 2026, the filing stated.

The consolidated balance sheet as of June 30, 2026 showed total assets of $585.7 million and total liabilities of $690.9 million, resulting in a total stockholders' deficit of $105.2 million, according to the filing. Treasury stock increased to $70.4 million, reflecting share repurchases of $43.9 million during Q2 2026 alone. As of August 3, 2026, the filing reported 40,540,212 shares of Class A common stock and 31,087,385 shares of Class B common stock outstanding.

What Was Disclosed

Appian filed its Form 10-Q for the quarter ended June 30, 2026, reporting higher revenue in both subscriptions and professional services year-over-year, a net loss of $11.8 million for Q2 2026, a widened stockholders' deficit, and increased share repurchase activity.