Appian (APPN) Invested Capital (2016 - 2026)

Appian has disclosed Invested Capital across 11 years of filings, most recently posting $179.5 million for Q1 2026.

• Quarterly Invested Capital fell 17.02% year-over-year to $179.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $179.5 million (down 17.02% YoY) and the FY2025 annual result came in at $193.8 million, down 11.0% from the prior year.
• Invested Capital retreated to $179.5 million in Q1 2026, from $193.8 million in the prior quarter.
• Over five years, Invested Capital peaked at $325.6 million in Q1 2023 and troughed at $172.9 million in Q3 2022.
• A 5-year average of $228.6 million and a median of $216.3 million in 2025 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2022 — Invested Capital sank 32.57% — and 2023, when it jumped 59.33%.
• Tracing APPN's Invested Capital over 5 years: stood at $263.8 million in 2022, then dropped by 1.85% to $258.9 million in 2023, then slipped by 15.89% to $217.8 million in 2024, then retreated by 11.0% to $193.8 million in 2025, then fell by 7.42% to $179.5 million in 2026.
• Business Quant data shows APPN's Invested Capital at $179.5 million in Q1 2026, $193.8 million in Q4 2025, and $197.2 million in Q3 2025.