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Side-by-side financial comparison of APPIAN CORP (APPN) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $202.9M, roughly 1.5× APPIAN CORP). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs -2.5%, a 15.5% gap on every dollar of revenue. Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 0.6%).
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.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
APPN vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $300.5M |
| Net Profit | $-5.1M | $39.0M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | — |
| Net Margin | -2.5% | 13.0% |
| Revenue YoY | 21.7% | — |
| Net Profit YoY | 62.6% | -12.4% |
| EPS (diluted) | $-0.06 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | $202.9M | $329.9M | ||
| Q3 25 | $187.0M | $330.2M | ||
| Q2 25 | $170.6M | $303.3M | ||
| Q1 25 | $166.4M | $318.5M | ||
| Q4 24 | $166.7M | $301.1M | ||
| Q3 24 | $154.1M | $305.5M | ||
| Q2 24 | $146.4M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $-5.1M | $41.6M | ||
| Q3 25 | $7.8M | $45.8M | ||
| Q2 25 | $-312.0K | $36.1M | ||
| Q1 25 | $-1.2M | $42.1M | ||
| Q4 24 | $-13.6M | $35.5M | ||
| Q3 24 | $-2.1M | $29.7M | ||
| Q2 24 | $-43.6M | $20.3M |
| 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% | 16.1% | ||
| Q3 25 | 7.0% | 18.4% | ||
| Q2 25 | -6.4% | 16.3% | ||
| Q1 25 | -0.5% | 18.1% | ||
| Q4 24 | 3.0% | 14.7% | ||
| Q3 24 | -4.6% | 13.9% | ||
| Q2 24 | -26.8% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | -2.5% | 12.6% | ||
| Q3 25 | 4.2% | 13.9% | ||
| Q2 25 | -0.2% | 11.9% | ||
| Q1 25 | -0.7% | 13.2% | ||
| Q4 24 | -8.2% | 11.8% | ||
| Q3 24 | -1.4% | 9.7% | ||
| Q2 24 | -29.8% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-0.06 | $0.68 | ||
| Q3 25 | $0.10 | $0.74 | ||
| Q2 25 | $0.00 | $0.57 | ||
| Q1 25 | $-0.02 | $0.65 | ||
| Q4 24 | $-0.18 | $0.55 | ||
| Q3 24 | $-0.03 | $0.46 | ||
| Q2 24 | $-0.60 | $0.31 |
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 | — |
| Total DebtLower is stronger | $240.8M | $990.8M |
| Stockholders' EquityBook value | $-47.0M | $2.2B |
| Total Assets | $691.4M | $15.7B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.2M | — | ||
| Q3 25 | $191.6M | — | ||
| Q2 25 | $184.8M | — | ||
| Q1 25 | $199.7M | — | ||
| Q4 24 | $159.9M | — | ||
| Q3 24 | $99.2M | — | ||
| Q2 24 | $120.8M | — |
| Q1 26 | — | $990.8M | ||
| 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 | — | $2.2B | ||
| Q4 25 | $-47.0M | $2.2B | ||
| Q3 25 | $-48.5M | $2.2B | ||
| Q2 25 | $-53.7M | $2.2B | ||
| Q1 25 | $-31.7M | $2.2B | ||
| Q4 24 | $-32.6M | $2.2B | ||
| Q3 24 | $-49.8M | $2.2B | ||
| Q2 24 | $-45.7M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $691.4M | $15.8B | ||
| Q3 25 | $611.7M | $15.6B | ||
| Q2 25 | $590.7M | $15.4B | ||
| Q1 25 | $592.9M | $15.8B | ||
| Q4 24 | $621.0M | $16.3B | ||
| Q3 24 | $549.9M | $15.9B | ||
| Q2 24 | $554.6M | $15.6B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-38.7M | ||
| Q3 25 | $18.7M | $273.0M | ||
| Q2 25 | $-1.9M | $-234.6M | ||
| Q1 25 | $45.0M | $5.8M | ||
| Q4 24 | $13.9M | $273.9M | ||
| Q3 24 | $-8.2M | $515.6M | ||
| Q2 24 | $-17.6M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $270.0K | $-55.5M | ||
| Q3 25 | $18.1M | $271.0M | ||
| Q2 25 | $-3.1M | $-234.6M | ||
| Q1 25 | $44.3M | $5.0M | ||
| Q4 24 | $13.4M | $266.8M | ||
| Q3 24 | $-8.6M | $513.8M | ||
| Q2 24 | $-18.3M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | -16.8% | ||
| Q3 25 | 9.7% | 82.1% | ||
| Q2 25 | -1.8% | -77.4% | ||
| Q1 25 | 26.6% | 1.6% | ||
| Q4 24 | 8.0% | 88.6% | ||
| Q3 24 | -5.6% | 168.2% | ||
| Q2 24 | -12.5% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 5.1% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.7% | 0.0% | ||
| Q1 25 | 0.4% | 0.3% | ||
| Q4 24 | 0.3% | 2.4% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.5% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.93× | ||
| Q3 25 | 2.39× | 5.96× | ||
| Q2 25 | — | -6.50× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 7.71× | ||
| Q3 24 | — | 17.36× | ||
| Q2 24 | — | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
