Appian Corporation filed its quarterly report on Form 10-Q with the SEC on November 5, 2026, covering the three and nine months ended September 30, 2026, disclosing subscription revenue growth, a return to quarterly net income, and an ongoing share repurchase program.

Key Highlights

  • Subscriptions revenue of $187.8 million for the three months ended September 30, 2026, up from $147.2 million in the same period of 2025, according to the filing.
  • Total revenue of $234.6 million for Q3 2026, compared with $187.0 million in Q3 2025, as reported in the consolidated statements of operations.
  • Net income of $12.3 million for the three months ended September 30, 2026, versus a net loss of $(1.0) million for the nine months ended September 30, 2026.
  • Operating income of $21.3 million for Q3 2026, up from $13.1 million in Q3 2025, the filing disclosed.
  • Treasury stock reached $83.0 million at cost as of September 30, 2026, reflecting 3,157,662 shares repurchased, compared with 542,288 shares and $16.9 million as of December 31, 2025.
  • Total assets of $600.9 million as of September 30, 2026, down from $691.4 million at December 31, 2025, per the consolidated balance sheet.
  • Cash and cash equivalents of $47.3 million as of September 30, 2026, compared with $135.8 million at December 31, 2025.

Appian Reports Q3 2026 Subscription Growth and Return to Quarterly Profitability

According to the filing, Appian Corporation (NASDAQ:APPN) reported total revenue of $234.6 million for the three months ended September 30, 2026, driven by subscriptions revenue of $187.8 million and professional services revenue of $46.9 million. For the nine months ended September 30, 2026, total revenue reached $640.1 million, compared with $524.1 million for the same period in 2025. The company disclosed gross profit of $171.2 million for Q3 2026 and $463.7 million for the nine-month period.

The filing reported operating income of $21.3 million for the third quarter of 2026 and $19.0 million for the nine months ended September 30, 2026. Net income for Q3 2026 was $12.3 million, or $0.17 per diluted share, while the nine-month period resulted in a net loss of $(1.0) million, or $(0.01) per diluted share. Total operating expenses for Q3 2026 were $149.9 million, with sales and marketing at $65.8 million, research and development at $50.6 million, and general and administrative at $33.5 million, the registrant reported.

On the balance sheet, the company disclosed total assets of $600.9 million and total liabilities of $698.8 million as of September 30, 2026, resulting in a total stockholders' deficit of $(97.9) million. Long-term debt stood at $196.6 million, down from $231.2 million at December 31, 2025. The filing noted that share repurchase activity during the nine months ended September 30, 2026 included 842,896 shares repurchased in Q1 for $21.8 million and 1,847,888 shares in Q2 for $43.9 million, with treasury stock totaling 3,157,662 shares at a cost of $82.958 million as of September 30, 2026. As of November 2, 2026, the company reported 40,296,009 shares of Class A common stock and 31,087,385 shares of Class B common stock outstanding.

What Was Disclosed

Appian Corporation filed its Form 10-Q for the quarter ended September 30, 2026, reporting Q3 subscriptions revenue of $187.8 million, net income of $12.3 million, total assets of $600.9 million, and 3,157,662 treasury shares held at a cost of $82.958 million.