Appian (APPN) Invested Capital (2016 - 2026)
Appian's Invested Capital came in at $130.85 million for Q2 2026, down 31.8% from $191.88 million a year earlier and down 27.1% from the prior quarter.
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Analysis
Appian (APPN) Invested Capital (2016 - 2026) Analysis & Trends
For FY2025, Appian's Invested Capital was $193.83 million, down 11.0% from FY2024.
- Invested Capital has declined in each of the last three years, with a four-year compound annual growth rate of -4.6% (FY2021 to FY2025).
- Going back by year, Invested Capital was $217.78 million in FY2024 (-15.9%), $258.93 million in FY2023 (-1.9%), $263.82 million in FY2022 (+12.8%) and $233.92 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Invested Capital since Q4 2017.
- Year-over-year, Invested Capital has declined for 11 consecutive quarters, with an average decline of 15.6% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2022 (growth of 12.8%), and the weakest in Q2 2026 (a decline of 31.8%).
- Business Quant data shows APPN's Invested Capital at $179.46 million (Q1 2026), $193.83 million (Q4 2025) and $197.18 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 449.46 Bn | 418.52 Bn | 1.64 Bn | - |
| 2 | Oracle | 415.29 Bn | 287.84 Bn | - | 192.53 Bn |
| 3 | Sap Se | 256.30 Bn | 177.39 Bn | 8.40 Bn | 68.16 Bn |
| 4 | Salesforce | 188.94 Bn | 144.82 Bn | 8.70 Bn | 77.67 Bn |
| 5 | ServiceNow | 138.57 Bn | 117.03 Bn | 2.82 Bn | 14.60 Bn |
| 6 | Automatic Data Processing | 102.66 Bn | 84.78 Bn | 2.51 Bn | 11.00 Bn |
| 7 | Intuit | 74.00 Bn | 53.35 Bn | 3.44 Bn | 26.66 Bn |
| 8 | Relx | 60.34 Bn | 57.31 Bn | - | 4.97 Bn |
| 9 | Strategy | 53.88 Bn | 46.87 Bn | 81.55 Mn | 37.60 Bn |
| 10 | Appian | 2.53 Bn | 1.78 Bn | 144.74 Mn | 130.85 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 130.85 Mn |
| Mar 31, 2026 | 179.46 Mn |
| Dec 31, 2025 | 193.83 Mn |
| Sep 30, 2025 | 197.18 Mn |
| Jun 30, 2025 | 191.88 Mn |
| Mar 31, 2025 | 216.28 Mn |
| Dec 31, 2024 | 217.78 Mn |
| Sep 30, 2024 | 203.02 Mn |
| Jun 30, 2024 | 208.32 Mn |
| Mar 31, 2024 | 245.46 Mn |
| Dec 31, 2023 | 258.93 Mn |
| Sep 30, 2023 | 275.55 Mn |
| Jun 30, 2023 | 288.94 Mn |
| Mar 31, 2023 | 325.56 Mn |
| Dec 31, 2022 | 263.82 Mn |
| Dec 31, 2021 | 233.92 Mn |
| Dec 31, 2017 | 45.52 Mn |
| Sep 30, 2017 | 49.90 Mn |
| Dec 31, 2016 | -43.49 Mn |
API Access
Appian Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=APPN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "APPN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=APPN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();