The massive EPS beat and strong cloud growth signal accelerating adoption of Appian's platform. Monitor Q2 guidance, which implies a seasonal slowdown, but full-year outlook remains robust. The $50M buyback adds support. Traders should watch for continued subscription momentum and margin expansion.
Price Chart
Executive Summary
Appian reported Q1 2026 earnings with non-GAAP EPS of $0.27, far exceeding the $0.05 consensus, and total revenue of $202.2M (+21% YoY), ahead of expectations. Cloud subscriptions revenue grew 25% YoY to $124.5M. The Board also authorized a $50M share repurchase program. Guidance for 2026 implies continued strong growth.
Key Financial Metrics
Key Facts
- Non-GAAP EPS of $0.27 vs consensus $0.05 (440% beat)
- Total revenue $202.2M, up 21% YoY
- Cloud subscriptions revenue $124.5M, up 25% YoY
- GAAP operating income turned positive to $3.2M from ($0.8M)
- Non-GAAP net income $19.8M vs $9.8M YoY
- Adjusted EBITDA $26.6M, up from $16.8M YoY
- Operating cash flow $48.8M, up from $45.0M YoY
- Board authorized $50M share repurchase program through Feb 2028
- Q2 2026 guidance: total revenue $191M-$195M, non-GAAP EPS ($0.02)-$0.02
- Full-year 2026 guidance: total revenue $819M-$831M, non-GAAP EPS $0.94-$1.05
Financial Impact
Non-GAAP EPS beat by $0.22 (440%) vs consensus; revenue growth 21% YoY; cloud subscriptions growth 25% YoY.
Risk Factors
- Q2 guidance suggests sequential revenue decline and near-zero non-GAAP EPS
- Cloud subscriptions growth expected to decelerate to 18-20% in Q2
- GAAP net loss remains, though improving
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001441683-26-000029 |
| Document: appn-20260507.htm | 0001441683-26-000029 |
| Document: 0001441683-26-000029-index-headers.html | 0001441683-26-000029 |
| Document: 0001441683-26-000029-index.html | 0001441683-26-000029 |
| Document: 0001441683-26-000029.txt | 0001441683-26-000029 |
| 8-K Data (Synthetic) | 0001441683-26-000029 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 15, 2026 6w ago | Institutional Cluster | $34.91 $37.92 | ▲ +8.62% | ▲ +10.60% | $36.68 (+5.07%) |
Aug 6, 2026 8w ago | 8-K | $30.41 $40.82 | ▲ +34.23% | ▲ +33.63% | $36.68 (+20.62%) |
Jun 11, 2026 16w ago | Institutional Cluster | $23.64 $25.24 | ▲ +6.77% | ▲ +4.88% | $36.68 (+55.16%) |
Jun 8, 2026 16w ago | 144 | $24.05 $24.68 | ▲ +2.62% | ▲ +1.17% | $36.68 (+52.52%) |
May 7, 2026 21w ago | 8-K | $23.76 $24.07 | ▲ +1.30% | ▼ −1.83% | $36.68 (+54.38%) |
Apr 22, 2026 23w ago | DEFA14A | $21.60 $21.34 | ▼ −1.20% | ▼ −5.84% | $36.68 (+69.81%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access