5. Goodwill and Intangible Assets

The following table details the changes in goodwill during the fiscal years ended December 31, 2025 and 2024 (in thousands):

Carrying Amount
Balance as of December 31, 2023
$27,106 
Foreign currency translation adjustments(1,551)
Balance as of December 31, 2024
25,555 
Foreign currency translation adjustments3,256 
Balance as of December 31, 2025
$28,811 
Intangible assets, net consisted of the following as of December 31, 2025 and 2024 (in thousands):

As of December 31,
20252024
Developed technology$7,537 $6,685 
Customer relationships
1,010 896 
Intangible assets, gross8,547 7,581 
Less: accumulated amortization
(7,301)(5,341)
Intangible assets, net$1,246 $2,240 

Intangible amortization expense was $1.2 million for the year ended December 31, 2025 and $1.5 million for each of the years ended December 31, 2024 and 2023. As of December 31, 2025, the weighted average remaining amortization periods for developed technology and customer relationships were approximately 0.7 years and 5.3 years, respectively.

The following table shows the projected annual amortization expense related to amortizable intangible assets as of December 31, 2025 (in thousands):

Year Ended December 31,
2026$823 
2027101 
2028101 
2029101 
203074 
Thereafter46 
Total projected amortization expense$1,246 
Free Sentinel

Want the next APPIAN CORP goodwill & intangibles disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment APPIAN CORP's next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 19, 2025
2023Feb 15, 2024
2022Feb 16, 2023
2021Feb 17, 2022

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.