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Side-by-side financial comparison of APPIAN CORP (APPN) and BYLINE BANCORP, INC. (BY). Click either name above to swap in a different company.
APPIAN CORP is the larger business by last-quarter revenue ($202.9M vs $112.4M, roughly 1.8× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -2.5%, a 35.9% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 9.0%). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 6.4%).
Appian Corporation is an American cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia.
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
APPN vs BY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $112.4M |
| Net Profit | $-5.1M | $37.6M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | — |
| Net Margin | -2.5% | 33.4% |
| Revenue YoY | 21.7% | 9.0% |
| Net Profit YoY | 62.6% | 33.0% |
| EPS (diluted) | $-0.06 | $0.83 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $112.4M | ||
| Q4 25 | $202.9M | $117.0M | ||
| Q3 25 | $187.0M | $115.7M | ||
| Q2 25 | $170.6M | $110.5M | ||
| Q1 25 | $166.4M | $103.1M | ||
| Q4 24 | $166.7M | $104.7M | ||
| Q3 24 | $154.1M | $101.8M | ||
| Q2 24 | $146.4M | $99.4M |
| Q1 26 | — | $37.6M | ||
| Q4 25 | $-5.1M | $34.5M | ||
| Q3 25 | $7.8M | $37.2M | ||
| Q2 25 | $-312.0K | $30.1M | ||
| Q1 25 | $-1.2M | $28.2M | ||
| Q4 24 | $-13.6M | $30.3M | ||
| Q3 24 | $-2.1M | $30.3M | ||
| Q2 24 | $-43.6M | $29.7M |
| Q1 26 | — | — | ||
| Q4 25 | 64.8% | — | ||
| Q3 25 | 75.8% | — | ||
| Q2 25 | 74.3% | — | ||
| Q1 25 | 76.6% | — | ||
| Q4 24 | 67.8% | — | ||
| Q3 24 | 75.9% | — | ||
| Q2 24 | 73.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.3% | 40.1% | ||
| Q3 25 | 7.0% | 43.1% | ||
| Q2 25 | -6.4% | 35.2% | ||
| Q1 25 | -0.5% | 36.4% | ||
| Q4 24 | 3.0% | 38.6% | ||
| Q3 24 | -4.6% | 39.3% | ||
| Q2 24 | -26.8% | 40.4% |
| Q1 26 | — | 33.4% | ||
| Q4 25 | -2.5% | 34.1% | ||
| Q3 25 | 4.2% | 32.1% | ||
| Q2 25 | -0.2% | 27.2% | ||
| Q1 25 | -0.7% | 27.4% | ||
| Q4 24 | -8.2% | 34.3% | ||
| Q3 24 | -1.4% | 29.8% | ||
| Q2 24 | -29.8% | 29.9% |
| Q1 26 | — | $0.83 | ||
| Q4 25 | $-0.06 | $0.77 | ||
| Q3 25 | $0.10 | $0.82 | ||
| Q2 25 | $0.00 | $0.66 | ||
| Q1 25 | $-0.02 | $0.64 | ||
| Q4 24 | $-0.18 | $0.68 | ||
| Q3 24 | $-0.03 | $0.69 | ||
| Q2 24 | $-0.60 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | $198.4M |
| Total DebtLower is stronger | $240.8M | — |
| Stockholders' EquityBook value | $-47.0M | $1.3B |
| Total Assets | $691.4M | $9.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $198.4M | ||
| Q4 25 | $187.2M | $149.1M | ||
| Q3 25 | $191.6M | $259.0M | ||
| Q2 25 | $184.8M | $218.3M | ||
| Q1 25 | $199.7M | $421.3M | ||
| Q4 24 | $159.9M | $563.1M | ||
| Q3 24 | $99.2M | $452.6M | ||
| Q2 24 | $120.8M | $730.5M |
| Q1 26 | — | — | ||
| Q4 25 | $240.8M | — | ||
| Q3 25 | $245.7M | — | ||
| Q2 25 | $245.6M | — | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $254.0M | — |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $-47.0M | $1.3B | ||
| Q3 25 | $-48.5M | $1.2B | ||
| Q2 25 | $-53.7M | $1.2B | ||
| Q1 25 | $-31.7M | $1.1B | ||
| Q4 24 | $-32.6M | $1.1B | ||
| Q3 24 | $-49.8M | $1.1B | ||
| Q2 24 | $-45.7M | $1.0B |
| Q1 26 | — | $9.9B | ||
| Q4 25 | $691.4M | $9.7B | ||
| Q3 25 | $611.7M | $9.8B | ||
| Q2 25 | $590.7M | $9.7B | ||
| Q1 25 | $592.9M | $9.6B | ||
| Q4 24 | $621.0M | $9.5B | ||
| Q3 24 | $549.9M | $9.4B | ||
| Q2 24 | $554.6M | $9.6B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1M | — |
| Free Cash FlowOCF − Capex | $270.0K | — |
| FCF MarginFCF / Revenue | 0.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1M | $140.3M | ||
| Q3 25 | $18.7M | $38.3M | ||
| Q2 25 | $-1.9M | $16.3M | ||
| Q1 25 | $45.0M | $27.1M | ||
| Q4 24 | $13.9M | $175.2M | ||
| Q3 24 | $-8.2M | $19.8M | ||
| Q2 24 | $-17.6M | $40.1M |
| Q1 26 | — | — | ||
| Q4 25 | $270.0K | $136.3M | ||
| Q3 25 | $18.1M | $38.0M | ||
| Q2 25 | $-3.1M | $15.2M | ||
| Q1 25 | $44.3M | $25.0M | ||
| Q4 24 | $13.4M | $171.2M | ||
| Q3 24 | $-8.6M | $19.1M | ||
| Q2 24 | $-18.3M | $39.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 116.5% | ||
| Q3 25 | 9.7% | 32.8% | ||
| Q2 25 | -1.8% | 13.7% | ||
| Q1 25 | 26.6% | 24.3% | ||
| Q4 24 | 8.0% | 163.5% | ||
| Q3 24 | -5.6% | 18.8% | ||
| Q2 24 | -12.5% | 39.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 3.4% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.7% | 1.0% | ||
| Q1 25 | 0.4% | 2.0% | ||
| Q4 24 | 0.3% | 3.8% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.5% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.06× | ||
| Q3 25 | 2.39× | 1.03× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 5.78× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 1.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
BY
Segment breakdown not available.
