Quarterly ResultMay 7, 2026, 07:26 AM
Appian Q1 Revenue $202.2M, Non-GAAP EPS $0.27; $50M Buyback
AI Summary
Appian Corporation announced strong first-quarter 2026 financial results, with total revenue increasing 21% year-over-year to $202.2 million and non-GAAP net income per share reaching $0.27. The company also reported a significant increase in cloud subscriptions revenue by 25% to $124.5 million. Additionally, the Board of Directors authorized a share repurchase program of up to $50.0 million, effective through February 2028. The company provided guidance for Q2 and full-year 2026, anticipating continued growth.
Key Highlights
- Board authorized a share repurchase program of up to $50.0 million through February 2028.
- Q1 2026 total revenue increased 21% year-over-year to $202.2 million.
- Cloud subscriptions revenue grew 25% year-over-year to $124.5 million.
- Non-GAAP net income per share was $0.27, up from $0.13 in Q1 2025.
- Adjusted EBITDA rose to $26.6 million from $16.8 million in Q1 2025.
- Net cash provided by operating activities was $48.8 million.
- Full-year 2026 total revenue guidance is $819.0 million to $831.0 million.
- Full-year 2026 non-GAAP EPS guidance is $0.94 to $1.05.