Appian Announces Second Quarter 2025 Financial Results

What is the outlook for product launches or roadmap milestones that could drive future revenue? What is the valuation of APPN relative to similar companies in the BPM/low-code market? Are there any changes to the annual guidance or growth targets for the remainder of 2025? What is the company's guidance for Q3 and FY 2025, and how does it compare to previous guidance? Are there any notable customer wins, churn rates, or changes in the customer base that could affect future growth? What was the adjusted EPS and how does it compare to analysts' expectations? What is the current cash position and runway, and are there any liquidity concerns? How did operating expenses, particularly R&D and sales & marketing, change relative to revenue? What is the net dollar retention rate and how does it compare to key competitors? What are the trends in subscription vs. licensing revenue and their impact on recurring revenue streams? How did the revenue growth compare to analyst consensus estimates? How does the margin profile (gross, operating, and net margins) evolve compared to prior quarters and peers?