Appian Raises Full-Year 2026 Revenue Outlook

The Tip Desk · November 7, 2026 · 3 min read

Third-quarter revenue reached $234.6 million, up 25%, as the company lifted full-year total revenue guidance to $873.0 million to $877.0 million.

Appian (APPN), the process-automation software company, reported third-quarter 2026 revenue of $234.6 million, up 25% from a year earlier, and raised its full-year 2026 revenue outlook after a quarter in which GAAP results swung to profit.

Total revenue growth accelerated from 19% in the second quarter and 21% in the first quarter. Cloud subscriptions revenue was $136.4 million, up 20% from the year-ago third quarter, after 23% growth in the second quarter and 25% in the first. Total subscriptions revenue increased 28% year-over-year to $187.8 million, after 19% growth in both of the two prior quarters. Professional services revenue was $46.9 million, up 18%. Cloud net annualized recurring revenue expansion was 120% as of September 30, 2026, after 115% at both June 30 and March 31.

GAAP operating income was $21.3 million, compared with a GAAP operating loss of $5.4 million in the second quarter and GAAP operating income of $3.2 million in the first quarter. GAAP net income was $12.3 million, or $0.17 a share, after a GAAP net loss of $11.8 million, or $0.16 a share, in the second quarter and a GAAP net loss of $1.5 million, or $0.02 a share, in the first quarter. Non-GAAP operating income was $40.6 million. Non-GAAP net income was $37.1 million, or $0.51 a share. Adjusted EBITDA was $43.4 million.

The company said net cash used by operating activities was $15.4 million for the three months ended September 30, 2026, compared with $18.7 million of net cash provided by operating activities for the same period in 2025. Cash and cash equivalents were $47.3 million at September 30, 2026.

As of November 5, 2026, Appian expects fourth-quarter 2026 cloud subscriptions revenue of $143.0 million to $145.0 million, representing year-over-year growth of 22% to 24%. Fourth-quarter total revenue is expected to be $233.0 million to $237.0 million, a year-over-year increase of 15% to 17%. Adjusted EBITDA is expected to be $30.0 million to $33.0 million. Non-GAAP earnings per share is expected to be $0.30 to $0.34, assuming weighted average common shares outstanding of 73.4 million.

Full-year 2026 cloud subscriptions revenue is now expected to be $536.0 million to $538.0 million, representing 23% year-over-year growth, up from a prior range of $525.0 million to $529.0 million, or 20% to 21% growth, as of August 6. Full-year total revenue is expected to be $873.0 million to $877.0 million, a year-over-year increase of 20% to 21%, up from $845.0 million to $853.0 million, or 16% to 17% growth. Full-year adjusted EBITDA is expected to be $116.0 million to $119.0 million, up from $104.0 million to $110.0 million. Non-GAAP earnings per share is expected to be $1.20 to $1.24, assuming weighted average common shares outstanding of 73.5 million.

Appian said it automates complex processes in large enterprises and governments.