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Side-by-side financial comparison of APPIAN CORP (APPN) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
APPIAN CORP is the larger business by last-quarter revenue ($202.9M vs $103.6M, roughly 2.0× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -2.5%, a 12.8% gap on every dollar of revenue. On growth, APPIAN CORP posted the faster year-over-year revenue change (21.7% vs 21.0%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $270.0K). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
APPN vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $103.6M |
| Net Profit | $-5.1M | $10.6M |
| Gross Margin | 64.8% | 78.2% |
| Operating Margin | -0.3% | 18.1% |
| Net Margin | -2.5% | 10.3% |
| Revenue YoY | 21.7% | 21.0% |
| Net Profit YoY | 62.6% | 9.4% |
| EPS (diluted) | $-0.06 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $187.0M | $85.8M | ||
| Q2 25 | $170.6M | $78.9M | ||
| Q1 25 | $166.4M | $61.3M | ||
| Q4 24 | $166.7M | $85.6M | ||
| Q3 24 | $154.1M | $73.1M | ||
| Q2 24 | $146.4M | $73.2M | ||
| Q1 24 | $149.8M | $61.1M |
| Q4 25 | $-5.1M | $10.6M | ||
| Q3 25 | $7.8M | $8.2M | ||
| Q2 25 | $-312.0K | $3.2M | ||
| Q1 25 | $-1.2M | $-3.0M | ||
| Q4 24 | $-13.6M | $9.7M | ||
| Q3 24 | $-2.1M | $5.2M | ||
| Q2 24 | $-43.6M | $4.3M | ||
| Q1 24 | $-32.9M | $-2.2M |
| Q4 25 | 64.8% | 78.2% | ||
| Q3 25 | 75.8% | 75.8% | ||
| Q2 25 | 74.3% | 74.5% | ||
| Q1 25 | 76.6% | 74.0% | ||
| Q4 24 | 67.8% | 75.2% | ||
| Q3 24 | 75.9% | 75.0% | ||
| Q2 24 | 73.1% | 73.9% | ||
| Q1 24 | 74.6% | 71.1% |
| Q4 25 | -0.3% | 18.1% | ||
| Q3 25 | 7.0% | 12.8% | ||
| Q2 25 | -6.4% | 5.2% | ||
| Q1 25 | -0.5% | -7.4% | ||
| Q4 24 | 3.0% | 14.6% | ||
| Q3 24 | -4.6% | 9.3% | ||
| Q2 24 | -26.8% | 8.0% | ||
| Q1 24 | -13.0% | -4.9% |
| Q4 25 | -2.5% | 10.3% | ||
| Q3 25 | 4.2% | 9.6% | ||
| Q2 25 | -0.2% | 4.1% | ||
| Q1 25 | -0.7% | -4.9% | ||
| Q4 24 | -8.2% | 11.4% | ||
| Q3 24 | -1.4% | 7.1% | ||
| Q2 24 | -29.8% | 5.9% | ||
| Q1 24 | -22.0% | -3.6% |
| Q4 25 | $-0.06 | $0.45 | ||
| Q3 25 | $0.10 | $0.36 | ||
| Q2 25 | $0.00 | $0.14 | ||
| Q1 25 | $-0.02 | $-0.13 | ||
| Q4 24 | $-0.18 | $0.40 | ||
| Q3 24 | $-0.03 | $0.21 | ||
| Q2 24 | $-0.60 | $0.18 | ||
| 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 | $83.4M |
| Total DebtLower is stronger | $240.8M | $0 |
| Stockholders' EquityBook value | $-47.0M | $218.9M |
| Total Assets | $691.4M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $83.4M | ||
| Q3 25 | $191.6M | $66.0M | ||
| Q2 25 | $184.8M | $81.5M | ||
| Q1 25 | $199.7M | $83.6M | ||
| Q4 24 | $159.9M | $94.4M | ||
| Q3 24 | $99.2M | $82.1M | ||
| Q2 24 | $120.8M | $73.6M | ||
| Q1 24 | $170.1M | $60.7M |
| Q4 25 | $240.8M | $0 | ||
| Q3 25 | $245.7M | $0 | ||
| Q2 25 | $245.6M | — | ||
| Q1 25 | $248.0M | — | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $252.8M | $27.0M | ||
| Q2 24 | $254.0M | $27.8M | ||
| Q1 24 | $255.1M | $28.5M |
| Q4 25 | $-47.0M | $218.9M | ||
| Q3 25 | $-48.5M | $204.9M | ||
| Q2 25 | $-53.7M | $194.9M | ||
| Q1 25 | $-31.7M | $205.6M | ||
| Q4 24 | $-32.6M | $216.6M | ||
| Q3 24 | $-49.8M | $207.9M | ||
| Q2 24 | $-45.7M | $200.7M | ||
| Q1 24 | $-9.7M | $193.5M |
| Q4 25 | $691.4M | $273.9M | ||
| Q3 25 | $611.7M | $259.2M | ||
| Q2 25 | $590.7M | $273.0M | ||
| Q1 25 | $592.9M | $280.2M | ||
| Q4 24 | $621.0M | $297.9M | ||
| Q3 24 | $549.9M | $287.7M | ||
| Q2 24 | $554.6M | $278.8M | ||
| Q1 24 | $595.4M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $270.0K | $16.8M |
| FCF MarginFCF / Revenue | 0.1% | 16.2% |
| Capex IntensityCapex / Revenue | 0.4% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $17.3M | ||
| Q3 25 | $18.7M | $10.3M | ||
| Q2 25 | $-1.9M | $14.8M | ||
| Q1 25 | $45.0M | $417.0K | ||
| Q4 24 | $13.9M | $16.3M | ||
| Q3 24 | $-8.2M | $10.3M | ||
| Q2 24 | $-17.6M | $13.1M | ||
| Q1 24 | $18.9M | $924.0K |
| Q4 25 | $270.0K | $16.8M | ||
| Q3 25 | $18.1M | $9.2M | ||
| Q2 25 | $-3.1M | $14.4M | ||
| Q1 25 | $44.3M | $38.0K | ||
| Q4 24 | $13.4M | $15.9M | ||
| Q3 24 | $-8.6M | $9.3M | ||
| Q2 24 | $-18.3M | $12.6M | ||
| Q1 24 | $16.7M | $442.0K |
| Q4 25 | 0.1% | 16.2% | ||
| Q3 25 | 9.7% | 10.8% | ||
| Q2 25 | -1.8% | 18.2% | ||
| Q1 25 | 26.6% | 0.1% | ||
| Q4 24 | 8.0% | 18.5% | ||
| Q3 24 | -5.6% | 12.7% | ||
| Q2 24 | -12.5% | 17.3% | ||
| Q1 24 | 11.1% | 0.7% |
| Q4 25 | 0.4% | 0.5% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | 0.7% | 0.5% | ||
| Q1 25 | 0.4% | 0.6% | ||
| Q4 24 | 0.3% | 0.5% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.5% | 0.7% | ||
| Q1 24 | 1.5% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | 2.39× | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
