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APPIAN CORP（APPN）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
APPIAN CORP的季度营收约是RESOURCES CONNECTION, INC.的1.7倍（$202.9M vs $117.7M），APPIAN CORP净利率更高（-2.5% vs -10.8%，领先8.2%），APPIAN CORP同比增速更快（21.7% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $270.0K），过去两年APPIAN CORP的营收复合增速更高（16.4% vs -11.8%）
Appian是总部位于美国弗吉尼亚州麦克莱恩的云计算与企业软件厂商，身处杜勒斯科技走廊产业带。公司提供平台即服务（PaaS）产品，支持企业级软件开发，业务覆盖北美、欧洲、中东及东南亚市场，深耕低代码开发、流程挖掘、业务流程管理和案例管理领域。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
APPN vs RGP — 直观对比
营收规模更大
APPN
是对方的1.7倍
$117.7M
营收增速更快
APPN
高出40.9%
-19.2%
净利率更高
APPN
高出8.2%
-10.8%
自由现金流更多
RGP
多$15.3M
$270.0K
两年增速更快
APPN
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $202.9M | $117.7M |
| 净利润 | $-5.1M | $-12.7M |
| 毛利率 | 64.8% | 37.1% |
| 营业利润率 | -0.3% | -10.3% |
| 净利率 | -2.5% | -10.8% |
| 营收同比 | 21.7% | -19.2% |
| 净利润同比 | 62.6% | 81.6% |
| 每股收益（稀释后） | $-0.06 | $-0.38 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收APPNRGP
| Q4 25 | $202.9M | $117.7M | ||
| Q3 25 | $187.0M | $120.2M | ||
| Q2 25 | $170.6M | $139.3M | ||
| Q1 25 | $166.4M | $129.4M | ||
| Q4 24 | $166.7M | $145.6M | ||
| Q3 24 | $154.1M | $136.9M | ||
| Q2 24 | $146.4M | $148.2M | ||
| Q1 24 | $149.8M | $151.3M |
净利润APPNRGP
| Q4 25 | $-5.1M | $-12.7M | ||
| Q3 25 | $7.8M | $-2.4M | ||
| Q2 25 | $-312.0K | $-73.3M | ||
| Q1 25 | $-1.2M | $-44.1M | ||
| Q4 24 | $-13.6M | $-68.7M | ||
| Q3 24 | $-2.1M | $-5.7M | ||
| Q2 24 | $-43.6M | $10.5M | ||
| Q1 24 | $-32.9M | $2.5M |
毛利率APPNRGP
| Q4 25 | 64.8% | 37.1% | ||
| Q3 25 | 75.8% | 39.5% | ||
| Q2 25 | 74.3% | 40.2% | ||
| Q1 25 | 76.6% | 35.1% | ||
| Q4 24 | 67.8% | 38.5% | ||
| Q3 24 | 75.9% | 36.5% | ||
| Q2 24 | 73.1% | 40.2% | ||
| Q1 24 | 74.6% | 37.0% |
营业利润率APPNRGP
| Q4 25 | -0.3% | -10.3% | ||
| Q3 25 | 7.0% | -1.7% | ||
| Q2 25 | -6.4% | -47.0% | ||
| Q1 25 | -0.5% | -38.4% | ||
| Q4 24 | 3.0% | -52.7% | ||
| Q3 24 | -4.6% | -3.5% | ||
| Q2 24 | -26.8% | 7.6% | ||
| Q1 24 | -13.0% | 2.8% |
净利率APPNRGP
| Q4 25 | -2.5% | -10.8% | ||
| Q3 25 | 4.2% | -2.0% | ||
| Q2 25 | -0.2% | -52.6% | ||
| Q1 25 | -0.7% | -34.0% | ||
| Q4 24 | -8.2% | -47.2% | ||
| Q3 24 | -1.4% | -4.2% | ||
| Q2 24 | -29.8% | 7.1% | ||
| Q1 24 | -22.0% | 1.7% |
每股收益（稀释后）APPNRGP
| Q4 25 | $-0.06 | $-0.38 | ||
| Q3 25 | $0.10 | $-0.07 | ||
| Q2 25 | $0.00 | $-2.21 | ||
| Q1 25 | $-0.02 | $-1.34 | ||
| Q4 24 | $-0.18 | $-2.08 | ||
| Q3 24 | $-0.03 | $-0.17 | ||
| Q2 24 | $-0.60 | $0.31 | ||
| Q1 24 | $-0.45 | $0.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $187.2M | $89.8M |
| 总债务越低越好 | $240.8M | — |
| 股东权益账面价值 | $-47.0M | $194.6M |
| 总资产 | $691.4M | $289.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APPNRGP
| Q4 25 | $187.2M | $89.8M | ||
| Q3 25 | $191.6M | $77.5M | ||
| Q2 25 | $184.8M | $86.1M | ||
| Q1 25 | $199.7M | $72.5M | ||
| Q4 24 | $159.9M | $78.2M | ||
| Q3 24 | $99.2M | $89.6M | ||
| Q2 24 | $120.8M | $108.9M | ||
| Q1 24 | $170.1M | $113.8M |
总债务APPNRGP
| 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 | — |
股东权益APPNRGP
| Q4 25 | $-47.0M | $194.6M | ||
| Q3 25 | $-48.5M | $206.4M | ||
| Q2 25 | $-53.7M | $207.1M | ||
| Q1 25 | $-31.7M | $277.8M | ||
| Q4 24 | $-32.6M | $325.7M | ||
| Q3 24 | $-49.8M | $407.2M | ||
| Q2 24 | $-45.7M | $418.8M | ||
| Q1 24 | $-9.7M | $414.9M |
总资产APPNRGP
| Q4 25 | $691.4M | $289.3M | ||
| Q3 25 | $611.7M | $287.2M | ||
| Q2 25 | $590.7M | $304.7M | ||
| Q1 25 | $592.9M | $375.6M | ||
| Q4 24 | $621.0M | $424.9M | ||
| Q3 24 | $549.9M | $512.9M | ||
| Q2 24 | $554.6M | $510.9M | ||
| Q1 24 | $595.4M | $523.2M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.1M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $270.0K | $15.6M |
| 自由现金流率自由现金流/营收 | 0.1% | 13.2% |
| 资本支出强度资本支出/营收 | 0.4% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $59.6M | $24.3M |
8季度趋势，按日历期对齐
经营现金流APPNRGP
| Q4 25 | $1.1M | $15.9M | ||
| Q3 25 | $18.7M | $-7.8M | ||
| Q2 25 | $-1.9M | $16.8M | ||
| Q1 25 | $45.0M | $659.0K | ||
| Q4 24 | $13.9M | $1.8M | ||
| Q3 24 | $-8.2M | $-309.0K | ||
| Q2 24 | $-17.6M | $3.2M | ||
| Q1 24 | $18.9M | $20.5M |
自由现金流APPNRGP
| Q4 25 | $270.0K | $15.6M | ||
| Q3 25 | $18.1M | $-8.0M | ||
| Q2 25 | $-3.1M | $16.5M | ||
| Q1 25 | $44.3M | $238.0K | ||
| Q4 24 | $13.4M | $61.0K | ||
| Q3 24 | $-8.6M | $-575.0K | ||
| Q2 24 | $-18.3M | $3.0M | ||
| Q1 24 | $16.7M | $20.4M |
自由现金流率APPNRGP
| Q4 25 | 0.1% | 13.2% | ||
| Q3 25 | 9.7% | -6.6% | ||
| Q2 25 | -1.8% | 11.8% | ||
| Q1 25 | 26.6% | 0.2% | ||
| Q4 24 | 8.0% | 0.0% | ||
| Q3 24 | -5.6% | -0.4% | ||
| Q2 24 | -12.5% | 2.1% | ||
| Q1 24 | 11.1% | 13.5% |
资本支出强度APPNRGP
| Q4 25 | 0.4% | 0.3% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.4% | 0.3% | ||
| Q4 24 | 0.3% | 1.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.5% | 0.1% | ||
| Q1 24 | 1.5% | 0.1% |
现金转化率APPNRGP
| Q4 25 | — | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 8.04× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APPN
| Subscriptions Software And Support | $162.3M | 80% |
| Professional Services | $40.6M | 20% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
