Appian Corp - Class A risk profile

32 Normal where most of the sector sits

Measured 1 September 2026 from APPN's filed statements. Recomputed nightly.

32 (Normal), driven by Leverage and coverage at 91, over 5 weighted categories on the SOFTWARE profile.

What is measured

MechanismReadingBandDirectionDriver
Market expectation48ElevatedVolatileOne-year price volatility — 65.3%
Operating pressure3ContainedEasingCosts outgrowing revenue — -10.7 percentage points
Cash conversion16ContainedEasingFree-cash-flow margin — 8.2%
Leverage and coverage91AcuteStableNet debt to EBITDA — 10.18x
Competitive position33NormalStableOperating-margin gap against peers — -6.7 percentage points
ConcentrationReads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company.

These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.

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Financials, valuation and price history for Appian Corp - Class A