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APPIAN CORP（APPN）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.1倍（$202.9M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -2.5%，领先50.5%），APPIAN CORP同比增速更快（21.7% vs -21.9%），过去两年APPIAN CORP的营收复合增速更高（16.4% vs -15.4%）
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。
APPN vs RILY — 直观对比
营收规模更大
APPN
是对方的1.1倍
$188.3M
营收增速更快
APPN
高出43.6%
-21.9%
净利率更高
RILY
高出50.5%
-2.5%
两年增速更快
APPN
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.9M | $188.3M |
| 净利润 | $-5.1M | $90.3M |
| 毛利率 | 64.8% | 79.5% |
| 营业利润率 | -0.3% | 32.3% |
| 净利率 | -2.5% | 47.9% |
| 营收同比 | 21.7% | -21.9% |
| 净利润同比 | 62.6% | 1710.8% |
| 每股收益（稀释后） | $-0.06 | $2.78 |
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APPNRILY
| 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 |
净利润APPNRILY
| 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 |
毛利率APPNRILY
| 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% |
营业利润率APPNRILY
| 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% |
净利率APPNRILY
| 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% |
每股收益（稀释后）APPNRILY
| 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 |
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 | $226.6M |
| 总债务越低越好 | $240.8M | $1.4B |
| 股东权益账面价值 | $-47.0M | $-171.5M |
| 总资产 | $691.4M | $1.7B |
| 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APPNRILY
| 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 |
总债务APPNRILY
| 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 | — |
股东权益APPNRILY
| 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 |
总资产APPNRILY
| 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 |
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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $270.0K | — |
| 自由现金流率自由现金流/营收 | 0.1% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $59.6M | — |
8季度趋势，按日历期对齐
经营现金流APPNRILY
| 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 |
自由现金流APPNRILY
| 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 | — |
自由现金流率APPNRILY
| 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% | — |
资本支出强度APPNRILY
| 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% | — |
现金转化率APPNRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | 2.39× | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
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% |
