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Side-by-side financial comparison of APPIAN CORP (APPN) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
APPIAN CORP is the larger business by last-quarter revenue ($202.9M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -2.5%, a 50.5% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs -21.9%). Over the past eight quarters, APPIAN CORP's revenue compounded faster (16.4% CAGR vs -15.4%).
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.
APPN vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $188.3M |
| Net Profit | $-5.1M | $90.3M |
| Gross Margin | 64.8% | 79.5% |
| Operating Margin | -0.3% | 32.3% |
| Net Margin | -2.5% | 47.9% |
| Revenue YoY | 21.7% | -21.9% |
| Net Profit YoY | 62.6% | 1710.8% |
| EPS (diluted) | $-0.06 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $187.0M | $215.3M | ||
| Q2 25 | $170.6M | $188.2M | ||
| Q1 25 | $166.4M | $197.2M | ||
| Q4 24 | $166.7M | $241.0M | ||
| Q3 24 | $154.1M | $225.5M | ||
| Q2 24 | $146.4M | $256.0M | ||
| Q1 24 | $149.8M | $263.4M |
| Q4 25 | $-5.1M | $90.3M | ||
| Q3 25 | $7.8M | $91.1M | ||
| Q2 25 | $-312.0K | $139.5M | ||
| Q1 25 | $-1.2M | $-10.0M | ||
| Q4 24 | $-13.6M | $-5.6M | ||
| Q3 24 | $-2.1M | $-284.4M | ||
| Q2 24 | $-43.6M | $-433.6M | ||
| Q1 24 | $-32.9M | $-49.2M |
| Q4 25 | 64.8% | 79.5% | ||
| Q3 25 | 75.8% | 83.7% | ||
| Q2 25 | 74.3% | 81.3% | ||
| Q1 25 | 76.6% | 81.4% | ||
| Q4 24 | 67.8% | 79.8% | ||
| Q3 24 | 75.9% | 82.1% | ||
| Q2 24 | 73.1% | 84.5% | ||
| Q1 24 | 74.6% | 85.3% |
| Q4 25 | -0.3% | 32.3% | ||
| Q3 25 | 7.0% | 30.4% | ||
| Q2 25 | -6.4% | 5.7% | ||
| Q1 25 | -0.5% | -31.2% | ||
| Q4 24 | 3.0% | -69.2% | ||
| Q3 24 | -4.6% | -36.4% | ||
| Q2 24 | -26.8% | -90.8% | ||
| Q1 24 | -13.0% | -6.1% |
| Q4 25 | -2.5% | 47.9% | ||
| Q3 25 | 4.2% | 42.3% | ||
| Q2 25 | -0.2% | 74.1% | ||
| Q1 25 | -0.7% | -5.1% | ||
| Q4 24 | -8.2% | -2.3% | ||
| Q3 24 | -1.4% | -126.1% | ||
| Q2 24 | -29.8% | -169.4% | ||
| Q1 24 | -22.0% | -18.7% |
| Q4 25 | $-0.06 | $2.78 | ||
| Q3 25 | $0.10 | $2.91 | ||
| Q2 25 | $0.00 | $4.50 | ||
| Q1 25 | $-0.02 | $-0.39 | ||
| Q4 24 | $-0.18 | $-0.01 | ||
| Q3 24 | $-0.03 | $-9.39 | ||
| Q2 24 | $-0.60 | $-14.35 | ||
| Q1 24 | $-0.45 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $240.8M | $1.4B |
| Stockholders' EquityBook value | $-47.0M | $-171.5M |
| Total Assets | $691.4M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $226.6M | ||
| Q3 25 | $191.6M | $184.2M | ||
| Q2 25 | $184.8M | $267.4M | ||
| Q1 25 | $199.7M | $138.3M | ||
| Q4 24 | $159.9M | $146.9M | ||
| Q3 24 | $99.2M | $159.2M | ||
| Q2 24 | $120.8M | $236.9M | ||
| Q1 24 | $170.1M | $190.7M |
| Q4 25 | $240.8M | $1.4B | ||
| Q3 25 | $245.7M | $1.3B | ||
| Q2 25 | $245.6M | $1.3B | ||
| Q1 25 | $248.0M | $1.4B | ||
| Q4 24 | $250.4M | $1.5B | ||
| Q3 24 | $252.8M | — | ||
| Q2 24 | $254.0M | — | ||
| Q1 24 | $255.1M | — |
| Q4 25 | $-47.0M | $-171.5M | ||
| Q3 25 | $-48.5M | $-260.5M | ||
| Q2 25 | $-53.7M | $-351.7M | ||
| Q1 25 | $-31.7M | $-496.8M | ||
| Q4 24 | $-32.6M | $-488.2M | ||
| Q3 24 | $-49.8M | $-497.6M | ||
| Q2 24 | $-45.7M | $-218.3M | ||
| Q1 24 | $-9.7M | $228.4M |
| Q4 25 | $691.4M | $1.7B | ||
| Q3 25 | $611.7M | $1.7B | ||
| Q2 25 | $590.7M | $1.5B | ||
| Q1 25 | $592.9M | $1.5B | ||
| Q4 24 | $621.0M | $1.8B | ||
| Q3 24 | $549.9M | $2.2B | ||
| Q2 24 | $554.6M | $3.2B | ||
| Q1 24 | $595.4M | $5.0B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $270.0K | — |
| FCF MarginFCF / Revenue | 0.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $26.2M | ||
| Q3 25 | $18.7M | $-60.6M | ||
| Q2 25 | $-1.9M | $-25.6M | ||
| Q1 25 | $45.0M | $184.0K | ||
| Q4 24 | $13.9M | $-2.7M | ||
| Q3 24 | $-8.2M | $19.5M | ||
| Q2 24 | $-17.6M | $111.5M | ||
| Q1 24 | $18.9M | $135.4M |
| Q4 25 | $270.0K | — | ||
| Q3 25 | $18.1M | — | ||
| Q2 25 | $-3.1M | — | ||
| Q1 25 | $44.3M | — | ||
| Q4 24 | $13.4M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-18.3M | — | ||
| Q1 24 | $16.7M | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 9.7% | — | ||
| Q2 25 | -1.8% | — | ||
| Q1 25 | 26.6% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | -12.5% | — | ||
| Q1 24 | 11.1% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | 2.39× | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
