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Side-by-side financial comparison of APPIAN CORP (APPN) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
APPIAN CORP is the larger business by last-quarter revenue ($202.9M vs $140.7M, roughly 1.4× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -2.5%, a 0.2% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 9.1%). APPIAN CORP produced more free cash flow last quarter ($270.0K vs $-7.8M). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
APPN vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $140.7M |
| Net Profit | $-5.1M | $-3.2M |
| Gross Margin | 64.8% | 41.9% |
| Operating Margin | -0.3% | -1.6% |
| Net Margin | -2.5% | -2.3% |
| Revenue YoY | 21.7% | 9.1% |
| Net Profit YoY | 62.6% | 62.1% |
| EPS (diluted) | $-0.06 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $187.0M | $118.8M | ||
| Q2 25 | $170.6M | $105.1M | ||
| Q1 25 | $166.4M | $104.2M | ||
| Q4 24 | $166.7M | $129.0M | ||
| Q3 24 | $154.1M | $118.6M | ||
| Q2 24 | $146.4M | $120.3M | ||
| Q1 24 | $149.8M | $120.0M |
| Q4 25 | $-5.1M | $-3.2M | ||
| Q3 25 | $7.8M | $-11.7M | ||
| Q2 25 | $-312.0K | $-17.3M | ||
| Q1 25 | $-1.2M | $-19.1M | ||
| Q4 24 | $-13.6M | $-8.5M | ||
| Q3 24 | $-2.1M | $-39.2M | ||
| Q2 24 | $-43.6M | $27.0K | ||
| Q1 24 | $-32.9M | $-50.2M |
| Q4 25 | 64.8% | 41.9% | ||
| Q3 25 | 75.8% | 42.8% | ||
| Q2 25 | 74.3% | 35.9% | ||
| Q1 25 | 76.6% | 39.4% | ||
| Q4 24 | 67.8% | 42.9% | ||
| Q3 24 | 75.9% | 29.7% | ||
| Q2 24 | 73.1% | 40.7% | ||
| Q1 24 | 74.6% | 34.8% |
| Q4 25 | -0.3% | -1.6% | ||
| Q3 25 | 7.0% | -10.2% | ||
| Q2 25 | -6.4% | -13.5% | ||
| Q1 25 | -0.5% | -13.9% | ||
| Q4 24 | 3.0% | -6.0% | ||
| Q3 24 | -4.6% | -39.5% | ||
| Q2 24 | -26.8% | -12.1% | ||
| Q1 24 | -13.0% | -19.3% |
| Q4 25 | -2.5% | -2.3% | ||
| Q3 25 | 4.2% | -9.9% | ||
| Q2 25 | -0.2% | -16.5% | ||
| Q1 25 | -0.7% | -18.4% | ||
| Q4 24 | -8.2% | -6.6% | ||
| Q3 24 | -1.4% | -33.1% | ||
| Q2 24 | -29.8% | 0.0% | ||
| Q1 24 | -22.0% | -41.8% |
| Q4 25 | $-0.06 | $0.03 | ||
| Q3 25 | $0.10 | $0.11 | ||
| Q2 25 | $0.00 | $0.16 | ||
| Q1 25 | $-0.02 | $0.18 | ||
| Q4 24 | $-0.18 | $0.08 | ||
| Q3 24 | $-0.03 | $0.36 | ||
| Q2 24 | $-0.60 | $0.00 | ||
| Q1 24 | $-0.45 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $240.8M | $126.7M |
| Stockholders' EquityBook value | $-47.0M | $-29.7M |
| Total Assets | $691.4M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $24.3M | ||
| Q3 25 | $191.6M | $32.4M | ||
| Q2 25 | $184.8M | $34.2M | ||
| Q1 25 | $199.7M | $21.6M | ||
| Q4 24 | $159.9M | $29.0M | ||
| Q3 24 | $99.2M | $23.4M | ||
| Q2 24 | $120.8M | $23.4M | ||
| Q1 24 | $170.1M | $34.5M |
| Q4 25 | $240.8M | $126.7M | ||
| Q3 25 | $245.7M | — | ||
| Q2 25 | $245.6M | — | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | $70.7M | ||
| Q3 24 | $252.8M | $50.8M | ||
| Q2 24 | $254.0M | — | ||
| Q1 24 | $255.1M | — |
| Q4 25 | $-47.0M | $-29.7M | ||
| Q3 25 | $-48.5M | $-26.9M | ||
| Q2 25 | $-53.7M | $-15.6M | ||
| Q1 25 | $-31.7M | $1.3M | ||
| Q4 24 | $-32.6M | $20.2M | ||
| Q3 24 | $-49.8M | $28.0M | ||
| Q2 24 | $-45.7M | $66.4M | ||
| Q1 24 | $-9.7M | $65.5M |
| Q4 25 | $691.4M | $296.3M | ||
| Q3 25 | $611.7M | $302.1M | ||
| Q2 25 | $590.7M | $303.8M | ||
| Q1 25 | $592.9M | $293.8M | ||
| Q4 24 | $621.0M | $307.8M | ||
| Q3 24 | $549.9M | $309.3M | ||
| Q2 24 | $554.6M | $362.1M | ||
| Q1 24 | $595.4M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $270.0K | $-7.8M |
| FCF MarginFCF / Revenue | 0.1% | -5.5% |
| Capex IntensityCapex / Revenue | 0.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $-5.8M | ||
| Q3 25 | $18.7M | $-968.0K | ||
| Q2 25 | $-1.9M | $-4.0M | ||
| Q1 25 | $45.0M | $-23.1M | ||
| Q4 24 | $13.9M | $6.8M | ||
| Q3 24 | $-8.2M | $1.1M | ||
| Q2 24 | $-17.6M | $-8.9M | ||
| Q1 24 | $18.9M | $-16.8M |
| Q4 25 | $270.0K | $-7.8M | ||
| Q3 25 | $18.1M | $-1.8M | ||
| Q2 25 | $-3.1M | $-7.0M | ||
| Q1 25 | $44.3M | $-25.3M | ||
| Q4 24 | $13.4M | $5.7M | ||
| Q3 24 | $-8.6M | $101.0K | ||
| Q2 24 | $-18.3M | $-11.0M | ||
| Q1 24 | $16.7M | $-19.9M |
| Q4 25 | 0.1% | -5.5% | ||
| Q3 25 | 9.7% | -1.5% | ||
| Q2 25 | -1.8% | -6.6% | ||
| Q1 25 | 26.6% | -24.3% | ||
| Q4 24 | 8.0% | 4.4% | ||
| Q3 24 | -5.6% | 0.1% | ||
| Q2 24 | -12.5% | -9.2% | ||
| Q1 24 | 11.1% | -16.5% |
| Q4 25 | 0.4% | 1.4% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.7% | 2.8% | ||
| Q1 25 | 0.4% | 2.2% | ||
| Q4 24 | 0.3% | 0.8% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 0.5% | 1.7% | ||
| Q1 24 | 1.5% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
