Appian Reports Strong Q3 Revenue Growth

MCLEAN, Va., Nov. 05, 2026 /CourierPR/ -- Appian, a software company listed on the Nasdaq under ticker symbol APPN, has released its third quarter 2026 financial results, which highlight significant growth in key areas of its business. The company reported a robust $234.6 million in total revenue for the quarter, marking a 25% increase from the third quarter of 2025. This growth was driven by a 20% rise in cloud subscriptions revenue to $136.4 million, and a 18% increase in professional services revenue to $46.9 million.

One of the most notable figures from the quarter is the 120% cloud net annualized recurring revenue (ARR) expansion, as of September 30, 2026. This expansion underscores the continued success and reliability of Appian’s platform, which has been automating complex processes for 25 years.

In terms of operating income, GAAP operating income for the quarter was $21.3 million, a 75% increase from the third quarter of 2025. Non-GAAP operating income, which excludes certain non-recurring expenses, was $40.6 million, up 35% from the same period last year. This non-GAAP figure is a more comprehensive view of the company’s core business operations.

GAAP net income for the quarter was $12.3 million, a 58% increase from the third quarter of 2025. Non-GAAP net income, which removes the effects of stock-based compensation, unrealized foreign exchange rate gains and losses, and other adjustments, was $37.1 million, a 42% increase from the same period. Non-GAAP net income per share was $0.51, up from $0.32 in the previous year.

Adjusted EBITDA, a measure that excludes certain non-operating expenses and other adjustments, was $43.4 million, up from $32.2 million in the third quarter of 2025. This increase reflects the company’s strong operational performance.

In terms of cash flow, the company saw a net cash used by operating activities of $(15.4) million for the three months ended September 30, 2026, compared to $18.7 million of net cash provided by operating activities in the same period last year. This suggests a shift in cash flow patterns, possibly due to changes in working capital or other operational factors.

Looking ahead, Appian has provided guidance for the fourth quarter and full year 2026. For the fourth quarter, cloud subscriptions revenue is expected to be between $143.0 million and $145.0 million, representing a 22% to 24% year-over-year growth. Total revenue is anticipated to be between $233.0 million and $237.0 million, with a 15% to 17% increase. Adjusted EBITDA is expected to be between $30.0 million and $33.0 million. Non-GAAP earnings per share are forecasted to be between $0.30 and $0.34, assuming weighted average common shares outstanding of 73.4 million.

For the full year 2026, cloud subscriptions revenue is expected to be between $536.0 million and $538.0 million, representing a 23% growth. Total revenue is anticipated to be between $873.0 million and $877.0 million, with a 20% to 21% increase. Adjusted EBITDA is expected to be between $116.0 million and $119.0 million. Non-GAAP earnings per share are forecasted to be between $1.20 and $1.24, assuming weighted average common shares outstanding of 73.5 million.

Appian’s management attributes these strong financial results to the continued growth of its core software markets, the expansion of its platform, and the increasing demand for its services. The company also highlighted its focus on maintaining and strengthening its brand, as well as its strategic relationships with third parties, as key factors in its success.

In conclusion, Appian’s third quarter 2026 financial results demonstrate the company’s continued growth and strong performance, driven by its robust platform and expanding customer base. The company’s guidance for the fourth quarter and full year 2026 indicates continued growth and a solid outlook for the future.