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Side-by-side financial comparison of APPIAN CORP (APPN) and loanDepot, Inc. (LDI). Click either name above to swap in a different company.
loanDepot, Inc. is the larger business by last-quarter revenue ($310.3M vs $202.9M, roughly 1.5× APPIAN CORP). APPIAN CORP runs the higher net margin — -2.5% vs -7.2%, a 4.7% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 20.5%). APPIAN CORP produced more free cash flow last quarter ($270.0K vs $-648.0M). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 16.4%).
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.
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
APPN vs LDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $310.3M |
| Net Profit | $-5.1M | $-22.5M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | -10.3% |
| Net Margin | -2.5% | -7.2% |
| Revenue YoY | 21.7% | 20.5% |
| Net Profit YoY | 62.6% | 32.4% |
| EPS (diluted) | $-0.06 | — |
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.
| Q4 25 | $202.9M | $310.3M | ||
| Q3 25 | $187.0M | $323.3M | ||
| Q2 25 | $170.6M | $282.5M | ||
| Q1 25 | $166.4M | $273.6M | ||
| Q4 24 | $166.7M | $257.5M | ||
| Q3 24 | $154.1M | $314.6M | ||
| Q2 24 | $146.4M | $265.4M | ||
| Q1 24 | $149.8M | $222.8M |
| Q4 25 | $-5.1M | $-22.5M | ||
| Q3 25 | $7.8M | $-4.9M | ||
| Q2 25 | $-312.0K | $-13.4M | ||
| Q1 25 | $-1.2M | $-21.9M | ||
| Q4 24 | $-13.6M | $-33.2M | ||
| Q3 24 | $-2.1M | $1.4M | ||
| Q2 24 | $-43.6M | $-32.2M | ||
| Q1 24 | $-32.9M | $-34.3M |
| 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 24 | 74.6% | — |
| Q4 25 | -0.3% | -10.3% | ||
| Q3 25 | 7.0% | -3.2% | ||
| Q2 25 | -6.4% | -11.4% | ||
| Q1 25 | -0.5% | -16.8% | ||
| Q4 24 | 3.0% | -32.7% | ||
| Q3 24 | -4.6% | 1.1% | ||
| Q2 24 | -26.8% | -29.1% | ||
| Q1 24 | -13.0% | -38.2% |
| Q4 25 | -2.5% | -7.2% | ||
| Q3 25 | 4.2% | -1.5% | ||
| Q2 25 | -0.2% | -4.7% | ||
| Q1 25 | -0.7% | -8.0% | ||
| Q4 24 | -8.2% | -12.9% | ||
| Q3 24 | -1.4% | 0.4% | ||
| Q2 24 | -29.8% | -12.1% | ||
| Q1 24 | -22.0% | -15.4% |
| Q4 25 | $-0.06 | — | ||
| Q3 25 | $0.10 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.03 | $0.01 | ||
| Q2 24 | $-0.60 | $-0.18 | ||
| Q1 24 | $-0.45 | $-0.19 |
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 | $337.2M |
| Total DebtLower is stronger | $240.8M | $2.1B |
| Stockholders' EquityBook value | $-47.0M | $386.0M |
| Total Assets | $691.4M | $6.9B |
| Debt / EquityLower = less leverage | — | 5.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $337.2M | ||
| Q3 25 | $191.6M | $459.2M | ||
| Q2 25 | $184.8M | $408.6M | ||
| Q1 25 | $199.7M | $371.5M | ||
| Q4 24 | $159.9M | $421.6M | ||
| Q3 24 | $99.2M | $483.0M | ||
| Q2 24 | $120.8M | $533.2M | ||
| Q1 24 | $170.1M | $603.7M |
| Q4 25 | $240.8M | $2.1B | ||
| Q3 25 | $245.7M | $2.1B | ||
| Q2 25 | $245.6M | $2.1B | ||
| Q1 25 | $248.0M | $2.0B | ||
| Q4 24 | $250.4M | $2.0B | ||
| Q3 24 | $252.8M | $2.0B | ||
| Q2 24 | $254.0M | $2.0B | ||
| Q1 24 | $255.1M | $2.3B |
| Q4 25 | $-47.0M | $386.0M | ||
| Q3 25 | $-48.5M | $433.3M | ||
| Q2 25 | $-53.7M | $439.1M | ||
| Q1 25 | $-31.7M | $469.3M | ||
| Q4 24 | $-32.6M | $506.6M | ||
| Q3 24 | $-49.8M | $592.0M | ||
| Q2 24 | $-45.7M | $578.9M | ||
| Q1 24 | $-9.7M | $637.3M |
| Q4 25 | $691.4M | $6.9B | ||
| Q3 25 | $611.7M | $6.2B | ||
| Q2 25 | $590.7M | $6.2B | ||
| Q1 25 | $592.9M | $6.4B | ||
| Q4 24 | $621.0M | $6.3B | ||
| Q3 24 | $549.9M | $6.4B | ||
| Q2 24 | $554.6M | $5.9B | ||
| Q1 24 | $595.4M | $6.2B |
| Q4 25 | — | 5.44× | ||
| Q3 25 | — | 4.83× | ||
| Q2 25 | — | 4.70× | ||
| Q1 25 | — | 4.30× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | — | 3.31× | ||
| Q2 24 | — | 3.41× | ||
| Q1 24 | — | 3.63× |
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 | $-638.7M |
| Free Cash FlowOCF − Capex | $270.0K | $-648.0M |
| FCF MarginFCF / Revenue | 0.1% | -208.9% |
| Capex IntensityCapex / Revenue | 0.4% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-734.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $-638.7M | ||
| Q3 25 | $18.7M | $43.4M | ||
| Q2 25 | $-1.9M | $67.6M | ||
| Q1 25 | $45.0M | $-179.9M | ||
| Q4 24 | $13.9M | $47.7M | ||
| Q3 24 | $-8.2M | $-349.2M | ||
| Q2 24 | $-17.6M | $-278.3M | ||
| Q1 24 | $18.9M | $-278.5M |
| Q4 25 | $270.0K | $-648.0M | ||
| Q3 25 | $18.1M | $38.7M | ||
| Q2 25 | $-3.1M | $61.4M | ||
| Q1 25 | $44.3M | $-186.7M | ||
| Q4 24 | $13.4M | $40.8M | ||
| Q3 24 | $-8.6M | $-356.4M | ||
| Q2 24 | $-18.3M | $-285.7M | ||
| Q1 24 | $16.7M | $-283.3M |
| Q4 25 | 0.1% | -208.9% | ||
| Q3 25 | 9.7% | 12.0% | ||
| Q2 25 | -1.8% | 21.7% | ||
| Q1 25 | 26.6% | -68.2% | ||
| Q4 24 | 8.0% | 15.8% | ||
| Q3 24 | -5.6% | -113.3% | ||
| Q2 24 | -12.5% | -107.7% | ||
| Q1 24 | 11.1% | -127.2% |
| Q4 25 | 0.4% | 3.0% | ||
| Q3 25 | 0.3% | 1.5% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.4% | 2.5% | ||
| Q4 24 | 0.3% | 2.7% | ||
| Q3 24 | 0.2% | 2.3% | ||
| Q2 24 | 0.5% | 2.8% | ||
| Q1 24 | 1.5% | 2.1% |
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -255.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
LDI
Segment breakdown not available.
