Flagship explainer

How APPIAN CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$727M · 100%Cost of revenue$200M · 27%Gross profit$527M · 73%Operating income$609000 · 0%Income before tax$6.4M · 1%Income tax$5.2M · 1%Net income$1.2M · 0%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$727M100%
Cost of revenue$200M27%
$527M73%
$6090000%
Income before tax$6.4M1%
Income tax$5.2M1%
$1.2M0%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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