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Side-by-side financial comparison of APPIAN CORP (APPN) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $202.9M, roughly 1.6× APPIAN CORP). PRA GROUP INC runs the higher net margin — 17.0% vs -2.5%, a 19.5% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 13.7%). APPIAN CORP produced more free cash flow last quarter ($270.0K vs $-90.4M). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 14.2%).
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.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
APPN vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $333.4M |
| Net Profit | $-5.1M | $56.5M |
| Gross Margin | 64.8% | — |
| Operating Margin | -0.3% | 37.7% |
| Net Margin | -2.5% | 17.0% |
| Revenue YoY | 21.7% | 13.7% |
| Net Profit YoY | 62.6% | 206.3% |
| EPS (diluted) | $-0.06 | $1.47 |
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 | $333.4M | ||
| Q3 25 | $187.0M | $311.1M | ||
| Q2 25 | $170.6M | $287.7M | ||
| Q1 25 | $166.4M | $269.6M | ||
| Q4 24 | $166.7M | $293.2M | ||
| Q3 24 | $154.1M | $281.5M | ||
| Q2 24 | $146.4M | $284.2M | ||
| Q1 24 | $149.8M | $255.6M |
| Q4 25 | $-5.1M | $56.5M | ||
| Q3 25 | $7.8M | $-407.7M | ||
| Q2 25 | $-312.0K | $42.4M | ||
| Q1 25 | $-1.2M | $3.7M | ||
| Q4 24 | $-13.6M | $18.5M | ||
| Q3 24 | $-2.1M | $27.2M | ||
| Q2 24 | $-43.6M | $21.5M | ||
| Q1 24 | $-32.9M | $3.5M |
| 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% | 37.7% | ||
| Q3 25 | 7.0% | -101.4% | ||
| Q2 25 | -6.4% | 29.6% | ||
| Q1 25 | -0.5% | 27.7% | ||
| Q4 24 | 3.0% | 32.1% | ||
| Q3 24 | -4.6% | 32.0% | ||
| Q2 24 | -26.8% | 31.4% | ||
| Q1 24 | -13.0% | 26.0% |
| Q4 25 | -2.5% | 17.0% | ||
| Q3 25 | 4.2% | -131.0% | ||
| Q2 25 | -0.2% | 14.7% | ||
| Q1 25 | -0.7% | 1.4% | ||
| Q4 24 | -8.2% | 6.3% | ||
| Q3 24 | -1.4% | 9.6% | ||
| Q2 24 | -29.8% | 7.6% | ||
| Q1 24 | -22.0% | 1.4% |
| Q4 25 | $-0.06 | $1.47 | ||
| Q3 25 | $0.10 | $-10.43 | ||
| Q2 25 | $0.00 | $1.08 | ||
| Q1 25 | $-0.02 | $0.09 | ||
| Q4 24 | $-0.18 | $0.47 | ||
| Q3 24 | $-0.03 | $0.69 | ||
| Q2 24 | $-0.60 | $0.54 | ||
| Q1 24 | $-0.45 | $0.09 |
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 | $104.4M |
| Total DebtLower is stronger | $240.8M | — |
| Stockholders' EquityBook value | $-47.0M | $979.9M |
| Total Assets | $691.4M | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $104.4M | ||
| Q3 25 | $191.6M | $107.5M | ||
| Q2 25 | $184.8M | $131.6M | ||
| Q1 25 | $199.7M | $128.7M | ||
| Q4 24 | $159.9M | $105.9M | ||
| Q3 24 | $99.2M | $141.1M | ||
| Q2 24 | $120.8M | $118.9M | ||
| Q1 24 | $170.1M | $108.1M |
| 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 | $979.9M | ||
| Q3 25 | $-48.5M | $928.5M | ||
| Q2 25 | $-53.7M | $1.3B | ||
| Q1 25 | $-31.7M | $1.2B | ||
| Q4 24 | $-32.6M | $1.1B | ||
| Q3 24 | $-49.8M | $1.2B | ||
| Q2 24 | $-45.7M | $1.1B | ||
| Q1 24 | $-9.7M | $1.1B |
| Q4 25 | $691.4M | $5.1B | ||
| Q3 25 | $611.7M | $5.0B | ||
| Q2 25 | $590.7M | $5.4B | ||
| Q1 25 | $592.9M | $5.1B | ||
| Q4 24 | $621.0M | $4.9B | ||
| Q3 24 | $549.9M | $4.9B | ||
| Q2 24 | $554.6M | $4.7B | ||
| Q1 24 | $595.4M | $4.5B |
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 | $-85.5M |
| Free Cash FlowOCF − Capex | $270.0K | $-90.4M |
| FCF MarginFCF / Revenue | 0.1% | -27.1% |
| Capex IntensityCapex / Revenue | 0.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $-85.5M | ||
| Q3 25 | $18.7M | $-10.1M | ||
| Q2 25 | $-1.9M | $-12.9M | ||
| Q1 25 | $45.0M | $-52.6M | ||
| Q4 24 | $13.9M | $-94.6M | ||
| Q3 24 | $-8.2M | $-35.0M | ||
| Q2 24 | $-17.6M | $-29.5M | ||
| Q1 24 | $18.9M | $-73.0M |
| Q4 25 | $270.0K | $-90.4M | ||
| Q3 25 | $18.1M | $-11.3M | ||
| Q2 25 | $-3.1M | $-14.2M | ||
| Q1 25 | $44.3M | $-53.5M | ||
| Q4 24 | $13.4M | $-98.6M | ||
| Q3 24 | $-8.6M | $-36.1M | ||
| Q2 24 | $-18.3M | $-30.8M | ||
| Q1 24 | $16.7M | $-73.5M |
| Q4 25 | 0.1% | -27.1% | ||
| Q3 25 | 9.7% | -3.6% | ||
| Q2 25 | -1.8% | -4.9% | ||
| Q1 25 | 26.6% | -19.8% | ||
| Q4 24 | 8.0% | -33.6% | ||
| Q3 24 | -5.6% | -12.8% | ||
| Q2 24 | -12.5% | -10.8% | ||
| Q1 24 | 11.1% | -28.8% |
| Q4 25 | 0.4% | 1.4% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 0.4% | 0.3% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.2% | 0.4% | ||
| Q2 24 | 0.5% | 0.5% | ||
| Q1 24 | 1.5% | 0.2% |
| Q4 25 | — | -1.51× | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | — | -14.37× | ||
| Q4 24 | — | -5.13× | ||
| Q3 24 | — | -1.29× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | — | -21.01× |
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% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
