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Side-by-side financial comparison of APPIAN CORP (APPN) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
APPIAN CORP is the larger business by last-quarter revenue ($202.9M vs $153.1M, roughly 1.3× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -2.5%, a 7.3% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 21.7%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $270.0K). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
APPN vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $153.1M |
| Net Profit | $-5.1M | $7.3M |
| Gross Margin | 64.8% | 31.5% |
| Operating Margin | -0.3% | 12.0% |
| Net Margin | -2.5% | 4.8% |
| Revenue YoY | 21.7% | 22.3% |
| Net Profit YoY | 62.6% | 8.5% |
| EPS (diluted) | $-0.06 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $187.0M | $138.0M | ||
| Q2 25 | $170.6M | $129.8M | ||
| Q1 25 | $166.4M | $122.8M | ||
| Q4 24 | $166.7M | $125.1M | ||
| Q3 24 | $154.1M | $124.8M | ||
| Q2 24 | $146.4M | $118.8M | ||
| Q1 24 | $149.8M | $111.9M |
| Q4 25 | $-5.1M | $7.3M | ||
| Q3 25 | $7.8M | $2.3M | ||
| Q2 25 | $-312.0K | $518.0K | ||
| Q1 25 | $-1.2M | $4.8M | ||
| Q4 24 | $-13.6M | $6.8M | ||
| Q3 24 | $-2.1M | $1.3M | ||
| Q2 24 | $-43.6M | $6.0M | ||
| Q1 24 | $-32.9M | $5.5M |
| Q4 25 | 64.8% | 31.5% | ||
| Q3 25 | 75.8% | 29.7% | ||
| Q2 25 | 74.3% | 30.9% | ||
| Q1 25 | 76.6% | 33.2% | ||
| Q4 24 | 67.8% | 34.1% | ||
| Q3 24 | 75.9% | 35.8% | ||
| Q2 24 | 73.1% | 35.7% | ||
| Q1 24 | 74.6% | 37.1% |
| Q4 25 | -0.3% | 12.0% | ||
| Q3 25 | 7.0% | 9.4% | ||
| Q2 25 | -6.4% | 7.3% | ||
| Q1 25 | -0.5% | 11.5% | ||
| Q4 24 | 3.0% | 12.7% | ||
| Q3 24 | -4.6% | 14.3% | ||
| Q2 24 | -26.8% | 12.5% | ||
| Q1 24 | -13.0% | 12.6% |
| Q4 25 | -2.5% | 4.8% | ||
| Q3 25 | 4.2% | 1.7% | ||
| Q2 25 | -0.2% | 0.4% | ||
| Q1 25 | -0.7% | 3.9% | ||
| Q4 24 | -8.2% | 5.4% | ||
| Q3 24 | -1.4% | 1.0% | ||
| Q2 24 | -29.8% | 5.1% | ||
| Q1 24 | -22.0% | 4.9% |
| Q4 25 | $-0.06 | $0.62 | ||
| Q3 25 | $0.10 | $0.19 | ||
| Q2 25 | $0.00 | $0.04 | ||
| Q1 25 | $-0.02 | $0.40 | ||
| Q4 24 | $-0.18 | $0.56 | ||
| Q3 24 | $-0.03 | $0.11 | ||
| Q2 24 | $-0.60 | $0.51 | ||
| Q1 24 | $-0.45 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $240.8M | $286.7M |
| Stockholders' EquityBook value | $-47.0M | $-17.3M |
| Total Assets | $691.4M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $21.7M | ||
| Q3 25 | $191.6M | $16.0M | ||
| Q2 25 | $184.8M | $17.1M | ||
| Q1 25 | $199.7M | $31.5M | ||
| Q4 24 | $159.9M | $33.5M | ||
| Q3 24 | $99.2M | $14.7M | ||
| Q2 24 | $120.8M | $7.5M | ||
| Q1 24 | $170.1M | $17.1M |
| Q4 25 | $240.8M | $286.7M | ||
| Q3 25 | $245.7M | $308.4M | ||
| Q2 25 | $245.6M | $310.9M | ||
| Q1 25 | $248.0M | $280.7M | ||
| Q4 24 | $250.4M | $280.4M | ||
| Q3 24 | $252.8M | $280.2M | ||
| Q2 24 | $254.0M | $269.7M | ||
| Q1 24 | $255.1M | $265.3M |
| Q4 25 | $-47.0M | $-17.3M | ||
| Q3 25 | $-48.5M | $-25.7M | ||
| Q2 25 | $-53.7M | $-29.0M | ||
| Q1 25 | $-31.7M | $-29.7M | ||
| Q4 24 | $-32.6M | $-35.6M | ||
| Q3 24 | $-49.8M | $-42.8M | ||
| Q2 24 | $-45.7M | $-44.6M | ||
| Q1 24 | $-9.7M | $-48.5M |
| Q4 25 | $691.4M | $403.2M | ||
| Q3 25 | $611.7M | $407.1M | ||
| Q2 25 | $590.7M | $399.8M | ||
| Q1 25 | $592.9M | $351.9M | ||
| Q4 24 | $621.0M | $349.7M | ||
| Q3 24 | $549.9M | $342.3M | ||
| Q2 24 | $554.6M | $321.4M | ||
| Q1 24 | $595.4M | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $270.0K | $35.2M |
| FCF MarginFCF / Revenue | 0.1% | 23.0% |
| Capex IntensityCapex / Revenue | 0.4% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $39.6M | ||
| Q3 25 | $18.7M | $10.0M | ||
| Q2 25 | $-1.9M | $4.3M | ||
| Q1 25 | $45.0M | $5.6M | ||
| Q4 24 | $13.9M | $26.7M | ||
| Q3 24 | $-8.2M | $12.5M | ||
| Q2 24 | $-17.6M | $-4.8M | ||
| Q1 24 | $18.9M | $8.9M |
| Q4 25 | $270.0K | $35.2M | ||
| Q3 25 | $18.1M | $5.3M | ||
| Q2 25 | $-3.1M | $533.0K | ||
| Q1 25 | $44.3M | $292.0K | ||
| Q4 24 | $13.4M | $21.6M | ||
| Q3 24 | $-8.6M | $11.1M | ||
| Q2 24 | $-18.3M | $-6.0M | ||
| Q1 24 | $16.7M | $7.4M |
| Q4 25 | 0.1% | 23.0% | ||
| Q3 25 | 9.7% | 3.8% | ||
| Q2 25 | -1.8% | 0.4% | ||
| Q1 25 | 26.6% | 0.2% | ||
| Q4 24 | 8.0% | 17.3% | ||
| Q3 24 | -5.6% | 8.9% | ||
| Q2 24 | -12.5% | -5.0% | ||
| Q1 24 | 11.1% | 6.6% |
| Q4 25 | 0.4% | 2.9% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.7% | 2.9% | ||
| Q1 25 | 0.4% | 4.3% | ||
| Q4 24 | 0.3% | 4.0% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 0.5% | 1.0% | ||
| Q1 24 | 1.5% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | 2.39× | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
