Appian Corp
0.0 %
7.78 %
Yet to be announced
Company Overview
Appian Corporation is a software development company that provides a low-code automation platform. The company's platform enables organizations to develop applications and workflows with little coding required. Their business model focuses on subscription services and professional services related to their software platform.
Revenue Sources
Based on review of Appian's SEC filings and business model, their revenue comes primarily from software subscriptions and related professional services. These sources of revenue are halal as they involve the exchange of legitimate products and services. There is no evidence of revenue from prohibited sources like gambling, alcohol, or interest-based financial products.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $154.05m | $167.38m | - | $6.17m | 0.00% | 3.69% |
June 30, 2024 | $146.45m | $191.75m | - | $6.11m | 0.00% | 3.18% |
March 31, 2024 | $149.84m | $169.37m | - | - | 0.00% | 0.00% |
Dec. 31, 2023 | $145.32m | $162.15m | - | - | 0.00% | 0.00% |
Analysis of the last four quarters shows that interest expenses are present in two quarters ($6.17M and $6.11M) while absent in the other two. When comparing interest expenses to total expenses in the quarters where interest was present, the ratios remain below the 5% threshold that would indicate material reliance on interest. The company's interest exposure appears to be from operational financing rather than interest-based business activities.
Operational Ethics
Based on review of Appian's public disclosures and operations, there is no evidence of material ongoing associations with entities involved in human rights violations. The company maintains operations primarily in the United States and Europe, with no indication of significant ties to Israel or the Chinese Communist Party.
Login to join the discussion