Q1 2025 Appian Corp Earnings Call Transcript
Key Points
- Appian Corp (APPN) reported a 15% year-over-year growth in cloud subscription revenue, reaching $99.8 million.
- The company's total revenue grew 11% year-over-year to $166.4 million.
- Appian's adjusted EBITDA was $16.8 million, demonstrating strong earnings potential.
- 70% of Appian's cloud customers have adopted AI, with AI usage growing 7.9 times year-over-year.
- Appian's federal government bookings grew 59% compared to the same period last year, indicating strong performance in the public sector.
- Cloud subscription revenue retention rate decreased to 112% from 120% a year ago.
- Professional services revenue was flat compared to the first quarter of 2024, indicating potential challenges in this segment.
- The company anticipates a decrease in term license revenue by a low double-digit percentage year-over-year.
- Appian's guidance for Q2 2025 adjusted EBITDA is expected to be between a loss of $5 million and $2 million.
- There is macroeconomic uncertainty and potential changes within the federal government that could impact future performance.
Good day and welcome to the APN 1st quarter 2025 earnings conference call.
(Operator Instructions)
I would now like to turn the conference over to Jack Andrews, Vice President of Investor relations. Please go ahead.
Good morning and thank you for joining us today.
We'll review APEN's first quarter 2025 financial results. With me are Matt Calkins, Chairman and Chief Executive Officer, and Mark Lynch, Interim Chief Financial Officer. After prepared remarks, we'll open the call for questions.
During this call, we may make statements related to our business that are considered forward-looking. These include comments related to our financial results, trends and guidance. The 2nd quarter and full year 2025, the benefits of our platform, industry, and market trends, our go to market and growth strategy, our market opportunity and ability to expand our leadership position, our ability to maintain and upsell existing customers, and our ability to acquire new customers
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