Appian Corp

Cash and Cash Equivalents We consider all highly liquid investments with original maturities of three months or less, as well as overnight repurchase agreements, to be cash equivalents.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

If the financial condition of our customers were to deteriorate, resulting in their inability to make required payments, additional provisions for expected credit losses would be required and would increase bad debt expense.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

Debt Senior Secured Credit Facilities Credit Agreement We have a Senior Secured Credit Facilities Credit Agreement (the Credit Agreement ) which provides for a five-year term loan facility in an aggregate principal amount of $ 200.0 million and, in addition, up to $ 100.0 million for a revolving credit facility, including a letter of credit sub-facility in the aggregate availability amount of $ 20.0 million and a swingline sub-facility in the aggregate availability amount of $ 10.0 million (as a sublimit of the revolving loan facility).

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

Our interest rate margin ranges from 0.5 % to 2.5 % in the case of Base Rate advances and from 1.5 % to 3.5 % in the case of Term SOFR advances, depending on our debt to consolidated adjusted EBITDA leverage ratio as defined in the Credit Agreement.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

In addition, the Credit Agreement contains other customary representations, warranties, and covenants, including covenants by us limiting additional indebtedness, guarantees, liens, fundamental changes, mergers and consolidations, dispositions of assets, investments, paying dividends on capital stock or redeeming, repurchasing, or retiring capital stock, prepaying certain junior indebtedness and preferred stock, certain corporate changes, and transactions with affiliates.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

On August 5, 2026, we entered into a new Senior Secured Credit Agreement providing for aggregate commitments of $ 300.0 million, consisting of a $ 240.0 million revolving credit facility and a $ 60.0 million term loan facility.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

We deliver a software platform that helps organizations run better processes that reduce costs, improve customer experiences, and gain a strategic edge.

SEC original ↗Appian Corp — Earnings release (8-K exhibit)EX-99Aug 7, 2025

All statements contained in this press release other than statements of historical facts, including statements regarding Appian s future financial and business performance for the third quarter and full year 2025, future investment by Appian in its go-to-market initiatives, increased demand for the Appian Platform, market opportunity and plans and objectives for future operations, including Appian s ability to drive continued subscriptions revenue and total revenue growth, are forward-looking statements.

SEC original ↗Appian Corp — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Appian has based these forward-looking statements on its current expectations and projections about future events and financial trends that Appian believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs.

SEC original ↗Appian Corp — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The proceeds from the new facility, which matures on August 5, 2031, were used to refinance the Company s existing indebtedness and will provide ongoing liquidity for working capital requirements, general corporate purposes, and other strategic initiatives.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

These non-GAAP financial performance measures exclude the effect of stock-based compensation expense, unrealized foreign exchange rate gains and losses, certain non-ordinary litigation-related expenses consisting of legal and other professional fees associated with the Pegasystems cases (net of insurance reimbursements), or Litigation Expense, amortization of the judgment preservation insurance policy, or JPI Amortization, severance costs related to an involuntary reduction in our workforce, or Severance Costs, and lease impairment and lease-related charges associated with actions taken to reduce the footprint of our leased office spaces, or Lease Impairment and Lease-Related Charges.

SEC original ↗Appian Corp — Earnings release (8-K exhibit)EX-99Aug 7, 2025

The Company defines adjusted EBITDA as net loss before (1) other (income) expense, net, (2) interest expense, (3) income tax expense (benefit), (4) depreciation expense and amortization of intangible assets, (5) stock-based compensation expense, (6) Litigation Expense, (7) JPI Amortization, (8) Severance Costs, and (9) Lease Impairment and Lease-Related Charges.

SEC original ↗Appian Corp — Earnings release (8-K exhibit)EX-99Aug 7, 2025

In light of these risks, uncertainties, and assumptions, Appian cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur.

SEC original ↗Appian Corp — Earnings release (8-K exhibit)EX-99Aug 7, 2025

Legal Proceedings 49 Item 1A.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

Although we believe the estimates we use are reasonable, due to the inherent uncertainty involved in making these estimates, actual results reported in future periods could differ from those estimates.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026

21 Pegasystems Litigation Trade Secrets Case On May 29, 2020, we filed a civil complaint against Pegasystems, Inc.

SEC original ↗Appian Corp — 10-Q Quarterly report10-QAug 6, 2026