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Side-by-side financial comparison of APPIAN CORP (APPN) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $202.9M, roughly 1.1× APPIAN CORP). Vital Farms, Inc. runs the higher net margin — 7.6% vs -2.5%, a 10.2% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 21.7%). APPIAN CORP produced more free cash flow last quarter ($270.0K vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
APPN vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $202.9M | $213.6M |
| Net Profit | $-5.1M | $16.3M |
| Gross Margin | 64.8% | 35.8% |
| Operating Margin | -0.3% | 10.0% |
| Net Margin | -2.5% | 7.6% |
| Revenue YoY | 21.7% | 28.7% |
| Net Profit YoY | 62.6% | 54.3% |
| EPS (diluted) | $-0.06 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $187.0M | $198.9M | ||
| Q2 25 | $170.6M | $184.8M | ||
| Q1 25 | $166.4M | $162.2M | ||
| Q4 24 | $166.7M | $166.0M | ||
| Q3 24 | $154.1M | $145.0M | ||
| Q2 24 | $146.4M | $147.4M | ||
| Q1 24 | $149.8M | $147.9M |
| Q4 25 | $-5.1M | $16.3M | ||
| Q3 25 | $7.8M | $16.4M | ||
| Q2 25 | $-312.0K | $16.6M | ||
| Q1 25 | $-1.2M | $16.9M | ||
| Q4 24 | $-13.6M | $10.6M | ||
| Q3 24 | $-2.1M | $7.4M | ||
| Q2 24 | $-43.6M | $16.3M | ||
| Q1 24 | $-32.9M | $19.0M |
| Q4 25 | 64.8% | 35.8% | ||
| Q3 25 | 75.8% | 37.7% | ||
| Q2 25 | 74.3% | 38.9% | ||
| Q1 25 | 76.6% | 38.5% | ||
| Q4 24 | 67.8% | 36.1% | ||
| Q3 24 | 75.9% | 36.9% | ||
| Q2 24 | 73.1% | 39.1% | ||
| Q1 24 | 74.6% | 39.8% |
| Q4 25 | -0.3% | 10.0% | ||
| Q3 25 | 7.0% | 10.8% | ||
| Q2 25 | -6.4% | 12.9% | ||
| Q1 25 | -0.5% | 13.4% | ||
| Q4 24 | 3.0% | 7.8% | ||
| Q3 24 | -4.6% | 6.4% | ||
| Q2 24 | -26.8% | 11.6% | ||
| Q1 24 | -13.0% | 16.3% |
| Q4 25 | -2.5% | 7.6% | ||
| Q3 25 | 4.2% | 8.3% | ||
| Q2 25 | -0.2% | 9.0% | ||
| Q1 25 | -0.7% | 10.4% | ||
| Q4 24 | -8.2% | 6.4% | ||
| Q3 24 | -1.4% | 5.1% | ||
| Q2 24 | -29.8% | 11.1% | ||
| Q1 24 | -22.0% | 12.9% |
| Q4 25 | $-0.06 | $0.35 | ||
| Q3 25 | $0.10 | $0.36 | ||
| Q2 25 | $0.00 | $0.36 | ||
| Q1 25 | $-0.02 | $0.37 | ||
| Q4 24 | $-0.18 | $0.23 | ||
| Q3 24 | $-0.03 | $0.16 | ||
| Q2 24 | $-0.60 | $0.36 | ||
| Q1 24 | $-0.45 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $240.8M | — |
| Stockholders' EquityBook value | $-47.0M | $351.3M |
| Total Assets | $691.4M | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $48.8M | ||
| Q3 25 | $191.6M | $93.8M | ||
| Q2 25 | $184.8M | $108.2M | ||
| Q1 25 | $199.7M | $156.3M | ||
| Q4 24 | $159.9M | $150.6M | ||
| Q3 24 | $99.2M | $149.5M | ||
| Q2 24 | $120.8M | $133.2M | ||
| Q1 24 | $170.1M | $113.8M |
| 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 | $351.3M | ||
| Q3 25 | $-48.5M | $331.2M | ||
| Q2 25 | $-53.7M | $309.8M | ||
| Q1 25 | $-31.7M | $288.9M | ||
| Q4 24 | $-32.6M | $269.3M | ||
| Q3 24 | $-49.8M | $253.4M | ||
| Q2 24 | $-45.7M | $238.4M | ||
| Q1 24 | $-9.7M | $213.3M |
| Q4 25 | $691.4M | $518.7M | ||
| Q3 25 | $611.7M | $481.5M | ||
| Q2 25 | $590.7M | $430.8M | ||
| Q1 25 | $592.9M | $376.9M | ||
| Q4 24 | $621.0M | $359.3M | ||
| Q3 24 | $549.9M | $344.7M | ||
| Q2 24 | $554.6M | $320.5M | ||
| Q1 24 | $595.4M | $300.2M |
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 | $-32.1M |
| FCF MarginFCF / Revenue | 0.1% | -15.1% |
| Capex IntensityCapex / Revenue | 0.4% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1M | $5.8M | ||
| Q3 25 | $18.7M | $23.4M | ||
| Q2 25 | $-1.9M | $-761.0K | ||
| Q1 25 | $45.0M | $5.3M | ||
| Q4 24 | $13.9M | $14.8M | ||
| Q3 24 | $-8.2M | $10.0M | ||
| Q2 24 | $-17.6M | $16.1M | ||
| Q1 24 | $18.9M | $23.9M |
| Q4 25 | $270.0K | $-32.1M | ||
| Q3 25 | $18.1M | $-10.6M | ||
| Q2 25 | $-3.1M | $-7.6M | ||
| Q1 25 | $44.3M | $2.1M | ||
| Q4 24 | $13.4M | $-3.4M | ||
| Q3 24 | $-8.6M | $6.4M | ||
| Q2 24 | $-18.3M | $10.5M | ||
| Q1 24 | $16.7M | $22.6M |
| Q4 25 | 0.1% | -15.1% | ||
| Q3 25 | 9.7% | -5.3% | ||
| Q2 25 | -1.8% | -4.1% | ||
| Q1 25 | 26.6% | 1.3% | ||
| Q4 24 | 8.0% | -2.0% | ||
| Q3 24 | -5.6% | 4.4% | ||
| Q2 24 | -12.5% | 7.2% | ||
| Q1 24 | 11.1% | 15.3% |
| Q4 25 | 0.4% | 17.8% | ||
| Q3 25 | 0.3% | 17.1% | ||
| Q2 25 | 0.7% | 3.7% | ||
| Q1 25 | 0.4% | 1.9% | ||
| Q4 24 | 0.3% | 10.9% | ||
| Q3 24 | 0.2% | 2.5% | ||
| Q2 24 | 0.5% | 3.8% | ||
| Q1 24 | 1.5% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | 2.39× | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | — | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
