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Side-by-side financial comparison of APPIAN CORP (APPN) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $202.9M, roughly 1.5× APPIAN CORP). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs -2.5%, a 30.7% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $270.0K). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 5.9%).
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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
APPN vs LOPE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $308.1M |
| Net Profit | $-5.1M | $86.7M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | 35.1% |
| Net Margin | -2.5% | 28.1% |
| Revenue YoY | 21.7% | 5.3% |
| Net Profit YoY | 62.6% | 5.9% |
| EPS (diluted) | $-0.06 | $3.13 |
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 | $308.1M | ||
| Q3 25 | $187.0M | $261.1M | ||
| Q2 25 | $170.6M | $247.5M | ||
| Q1 25 | $166.4M | $289.3M | ||
| Q4 24 | $166.7M | $292.6M | ||
| Q3 24 | $154.1M | $238.3M | ||
| Q2 24 | $146.4M | $227.5M | ||
| Q1 24 | $149.8M | $274.7M |
| Q4 25 | $-5.1M | $86.7M | ||
| Q3 25 | $7.8M | $16.3M | ||
| Q2 25 | $-312.0K | $41.5M | ||
| Q1 25 | $-1.2M | $71.6M | ||
| Q4 24 | $-13.6M | $81.9M | ||
| Q3 24 | $-2.1M | $41.5M | ||
| Q2 24 | $-43.6M | $34.9M | ||
| Q1 24 | $-32.9M | $68.0M |
| 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% | 35.1% | ||
| Q3 25 | 7.0% | 6.9% | ||
| Q2 25 | -6.4% | 20.9% | ||
| Q1 25 | -0.5% | 30.4% | ||
| Q4 24 | 3.0% | 34.2% | ||
| Q3 24 | -4.6% | 20.2% | ||
| Q2 24 | -26.8% | 18.8% | ||
| Q1 24 | -13.0% | 30.8% |
| Q4 25 | -2.5% | 28.1% | ||
| Q3 25 | 4.2% | 6.2% | ||
| Q2 25 | -0.2% | 16.8% | ||
| Q1 25 | -0.7% | 24.8% | ||
| Q4 24 | -8.2% | 28.0% | ||
| Q3 24 | -1.4% | 17.4% | ||
| Q2 24 | -29.8% | 15.3% | ||
| Q1 24 | -22.0% | 24.8% |
| Q4 25 | $-0.06 | $3.13 | ||
| Q3 25 | $0.10 | $0.58 | ||
| Q2 25 | $0.00 | $1.48 | ||
| Q1 25 | $-0.02 | $2.52 | ||
| Q4 24 | $-0.18 | $2.83 | ||
| Q3 24 | $-0.03 | $1.42 | ||
| Q2 24 | $-0.60 | $1.19 | ||
| Q1 24 | $-0.45 | $2.29 |
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 | $111.8M |
| Total DebtLower is stronger | $240.8M | — |
| Stockholders' EquityBook value | $-47.0M | $746.9M |
| Total Assets | $691.4M | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $111.8M | ||
| Q3 25 | $191.6M | $97.3M | ||
| Q2 25 | $184.8M | $192.3M | ||
| Q1 25 | $199.7M | $144.5M | ||
| Q4 24 | $159.9M | $324.6M | ||
| Q3 24 | $99.2M | $263.6M | ||
| Q2 24 | $120.8M | $241.3M | ||
| Q1 24 | $170.1M | $196.2M |
| 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 24 | $255.1M | — |
| Q4 25 | $-47.0M | $746.9M | ||
| Q3 25 | $-48.5M | $758.0M | ||
| Q2 25 | $-53.7M | $778.0M | ||
| Q1 25 | $-31.7M | $780.7M | ||
| Q4 24 | $-32.6M | $783.9M | ||
| Q3 24 | $-49.8M | $764.1M | ||
| Q2 24 | $-45.7M | $759.2M | ||
| Q1 24 | $-9.7M | $759.4M |
| Q4 25 | $691.4M | $992.3M | ||
| Q3 25 | $611.7M | $1.0B | ||
| Q2 25 | $590.7M | $1.0B | ||
| Q1 25 | $592.9M | $1.0B | ||
| Q4 24 | $621.0M | $1.0B | ||
| Q3 24 | $549.9M | $992.9M | ||
| Q2 24 | $554.6M | $992.7M | ||
| Q1 24 | $595.4M | $1.0B |
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 | $130.5M |
| Free Cash FlowOCF − Capex | $270.0K | $122.9M |
| FCF MarginFCF / Revenue | 0.1% | 39.9% |
| Capex IntensityCapex / Revenue | 0.4% | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $130.5M | ||
| Q3 25 | $18.7M | $-48.6M | ||
| Q2 25 | $-1.9M | $124.0M | ||
| Q1 25 | $45.0M | $67.6M | ||
| Q4 24 | $13.9M | $135.8M | ||
| Q3 24 | $-8.2M | $-29.4M | ||
| Q2 24 | $-17.6M | $98.6M | ||
| Q1 24 | $18.9M | $85.0M |
| Q4 25 | $270.0K | $122.9M | ||
| Q3 25 | $18.1M | $-58.3M | ||
| Q2 25 | $-3.1M | $115.4M | ||
| Q1 25 | $44.3M | $58.7M | ||
| Q4 24 | $13.4M | $126.1M | ||
| Q3 24 | $-8.6M | $-39.0M | ||
| Q2 24 | $-18.3M | $89.6M | ||
| Q1 24 | $16.7M | $76.0M |
| Q4 25 | 0.1% | 39.9% | ||
| Q3 25 | 9.7% | -22.3% | ||
| Q2 25 | -1.8% | 46.6% | ||
| Q1 25 | 26.6% | 20.3% | ||
| Q4 24 | 8.0% | 43.1% | ||
| Q3 24 | -5.6% | -16.3% | ||
| Q2 24 | -12.5% | 39.4% | ||
| Q1 24 | 11.1% | 27.7% |
| Q4 25 | 0.4% | 2.5% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.7% | 3.5% | ||
| Q1 25 | 0.4% | 3.1% | ||
| Q4 24 | 0.3% | 3.3% | ||
| Q3 24 | 0.2% | 4.0% | ||
| Q2 24 | 0.5% | 3.9% | ||
| Q1 24 | 1.5% | 3.3% |
| Q4 25 | — | 1.50× | ||
| Q3 25 | 2.39× | -2.99× | ||
| Q2 25 | — | 2.98× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.66× | ||
| Q3 24 | — | -0.71× | ||
| Q2 24 | — | 2.83× | ||
| Q1 24 | — | 1.25× |
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% |
LOPE
Segment breakdown not available.
