# Appian share price today (Appian Corporation, APPN)

> Appian Corporation's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. APPN · Technology · Software - Infrastructure · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/appn

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## Key numbers

- Price: $48.64 (+62.5% in a year)
- P/E: 2,485.2×, against its own history
- Revenue (Jun 2026): $203 M (+19.1% on a year ago)
- Profit (Jun 2026): −$11.8 M
- Operating margin: 0.4% (+5.4 points on a year ago)
- ROE: −3%, FY25

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Appian share price today? Appian Corporation's share price was $48.64 at the close on 3 November 2026. It has been stalling near its high for 14 weeks. That is 67.0% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 18 weeks in a row. In the last 52 weeks it traded between $20 and $52, and at that close it sat 89% of the way up from that low. Over the last 9.4 years the share price moved +184% while the S&P 500 moved +212%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Appian pay? Appian Corporation pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Appian on? Appian is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is Appian profitable? Appian Corporation posted a net loss of $11.8 M in the Jun 2026 quarter. Full-year FY25 profit was $1.2 M. That loss is 5.8% of the quarter's revenue. The same quarter a year earlier lost $312 K. 11 of the last 12 reported quarters were loss-making. ## How much revenue does Appian make, and is it growing? Appian Corporation reported $203 M of revenue in the Jun 2026 quarter, +19.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 18.5% a year on average. The last full year, FY25, came in at $727 M. The last four reported quarters add to $795 M. FY25 revenue was $727 M, +17.8% on the year before. Recent pace: the last four quarters grew +20.9% on average, against 18.5% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +20.9%, against +17.2% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Appian keep? Appian Corporation's operating margin was 0.4% in the Jun 2026 quarter, 5.4 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −31.0% and 1.6%. The latest quarter is within that range. Across 5 years it has been between −31.0% and 1.6%, and FY25's 1.6% is the highest of them. Why the margin moved: operating margin changed +5.4 percentage points on the year while gross margin changed −0.1 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Appian's profit turning into cash? Appian Corporation's cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $62.9 M of operating cash against $1.2 M of profit. After $3.3 M of spending on assets, $59.6 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Appian's cash go? Appian Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $16.8 M on assets over the last 3 years. Averaged over those years that is 0.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $16.8 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Appian's P/E ratio, and how does it compare with its own history? Appian Corporation's P/E is 2,485.2×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Appian business getting better or worse? Appian Corporation's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 1 measure, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. The return-on-capital line is not shown: net worth is negative, so a return on capital means nothing. The balance sheet is in distress, and this reading uses the growth lines alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Appian earn on its capital? Appian Corporation earned a ROE of −3% in FY25. That is up from a low of −213% in FY23. Its return on capital used (ROIC) is 6.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 0.2% net margin and 1.05× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 0.2% net margin × 1.05× asset turnover × −14.71× leverage (assets divided by equity) ≈ −3.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 15.4% − 9.0% = +6.4 percentage points. The 9.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. A gap this wide means each dollar put back into the business creates more than a dollar of value. The 15.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 0.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Appian have too much debt? Appian Corporation's net worth is negative: it owes more than it owns, so a debt-to-equity ratio means nothing here. Year by year, that ratio went from 0.24 in FY21 to −6.38 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Appian shareholding pattern? 12.0% of Appian Corporation's tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 5.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Appian from balance-sheet trouble? For Appian Corporation, the Z-score is 1.88. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the grey area between the two. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 1.88 is in the grey area, neither clearly safe nor clearly in trouble. ## How does Appian rank in its industry? There is no score against its industry: Appian Corporation is not among the largest members shown in this industry comparison for Software - Infrastructure. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is Appian compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to Appian in size? Appian is the 50th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Core Scientific, Inc., Paymentus Holdings, Inc. and DLocal. Just below it: Bullish, AvePoint, Inc. and Shift4 Payments, Inc. ### Software - Infrastructure companies close in size

1. [Core Scientific, Inc.](https://www.sectoralpha.in/us/stocks/corz) $4.6 billion
2. [Paymentus Holdings, Inc.](https://www.sectoralpha.in/us/stocks/pay) $3.9 billion
3. [DLocal Limited](https://www.sectoralpha.in/us/stocks/dlo) $3.8 billion
4. Appian Corporation $3.5 billion
5. [Bullish](https://www.sectoralpha.in/us/stocks/blsh) $3.5 billion
6. [AvePoint, Inc.](https://www.sectoralpha.in/us/stocks/avpt) $3.5 billion
7. [Shift4 Payments, Inc.](https://www.sectoralpha.in/us/stocks/four) $3.3 billion

[All 117 Software - Infrastructure companies, largest first](https://www.sectoralpha.in/us/sectors/software-infrastructure#all-companies)

### Companies close in size in other industries

1. [Curbline Properties Corp.](https://www.sectoralpha.in/us/stocks/curb) $3.5 billion · REIT - Retail
2. [Hayward Holdings, Inc.](https://www.sectoralpha.in/us/stocks/hayw) $3.5 billion · Electrical Equipment & Parts
3. Appian Corporation $3.5 billion
4. [Miami International Holdings, Inc.](https://www.sectoralpha.in/us/stocks/miax) $3.5 billion · Capital Markets
5. [WillScot Holdings Corporation](https://www.sectoralpha.in/us/stocks/wsc) $3.5 billion · Rental & Leasing Services

## What else do people ask about Appian? ### What were Appian's latest quarterly results? Appian Corporation reported revenue of $203 M and a net loss of $11.8 M for the Jun 2026 quarter. Earnings per share were −$0.16. The operating margin was 0.4%, 5.4 percentage points higher than a year earlier (as of 3 November 2026). ### What is Appian's market cap? Appian Corporation's market capitalisation is $3.5 B at a stock price of $48.64. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Appian performing? Appian Corporation's share price has been stalling near its high for 14 weeks. Over the past 13 weeks it has done better than the S&P 500, for 18 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Appian's stock price go up? This page does not forecast Appian Corporation's stock price. What it shows instead: the stock price is $48.64, and it has been stalling near its high for 14 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Appian in its business cycle? Appian Corporation's FY25 operating margin was 1.6%, against a 5-year range of −31.0% to 1.6%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 0.4%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Appian story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Appian a stock worth studying right now? What the numbers show: Appian Corporation's balance sheet is under water: its net worth is negative, so it owes more than it owns. This is a high-risk situation: shareholders can be wiped out by new shares or a restructuring before the business recovers. The main open question: whether the business can earn its way back to positive net worth before new shares or a restructuring get there first. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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